Skip to main content
HOMEUNLISTED SHARESIPO CALENDARROAD TO IPOBLOGSPARTNER WITH US
MORE TO EXPLORE
OPEN DEMAT
ENQUIRE NOW
‹ BACK TO THE DEPARTURES BOARD
Devson Catalyst logo
ONE SERVICE ON THE DEPARTURES BOARD

DEVSON CATALYST IPO

ALREADY DEPARTEDBSE SME · SME · SPECIALTY CHEMICALS
INDICATIVE FARE / PRICE BAND
₹118
BAND INDICATIVE · NOTHING FINAL UNTIL THE RHP
FIGURES ON THIS PAGE AS OF 31 JUL 2026, 16:00 IST · REFRESHED THROUGH THE DAY
THE FARE BOARD · KEY NUMBERS

BY THE NUMBERS.

PRICE BAND
₹118
LOT SIZE
1200 SHARES
ISSUE SIZE
₹42.34 CR
MIN INVESTMENT
₹1,41,600 · 1200 SHARES
P/E RATIO
9.66
THE TIMETABLE · FOUR STOPS
THE JOURNEY.
OPENS
09 JUL 26
✓ STOP CLEARED
CLOSES
13 JUL 26
✓ STOP CLEARED
ALLOTMENT
14 JUL 26
✓ STOP CLEARED
LISTING
16 JUL 26
✓ STOP CLEARED
ANCHOR BIDDING08 JUL 26REFUNDS INITIATED15 JUL 26SHARES IN DEMAT15 JUL 26ANCHOR LOCK-IN ENDS · 30 DAY13 AUG 26ANCHOR LOCK-IN ENDS · 90 DAY12 OCT 26
TIMETABLE AS FILED · DATES CAN MOVE · CONFIRM AGAINST THE OFFICIAL RHP AND THE REGISTRAR
END OF THE LINE · LISTING DAY

WHERE IT LANDED.

LISTING PRICE
₹196
DAY-1 LISTING GAIN
+66.23%
THE BOOKING SHEET · SUBSCRIPTION

HOW FULL THE BUS GOT.

OVERALL SUBSCRIPTION220.35×
QIB168.56×
NII261.22×
SMALL HNI211.19×
BIG HNI286.5×
RETAIL244.08×
THE CENTRE TICK = 1× · BUS FULL · SUBSCRIPTION FIGURES AS REPORTED BY THE EXCHANGES · TIMES THE ISSUE · INFORMATION ONLY
THE FARE TABLE · WHAT AN APPLICATION COSTS

TICKET CLASSES.

APPLICATIONLOTSSHARESAMOUNT
MINIMUM APPLICATION · COMPUTED22,400₹2,83,200
EACH ROW SAYS WHETHER ITS FIGURES ARE THE QUANTITIES PUBLISHED FOR THIS ISSUE OR OUR OWN ARITHMETIC · COMPUTED ROWS ARE LOT SIZE × UPPER BAND · AMOUNTS AT THE UPPER BAND OF ₹118 · CATEGORY LIMITS PER SEBI THRESHOLDS (₹2 LAKH RETAIL CEILING, ₹10 LAKH SHNI/BHNI BOUNDARY) · INFORMATION ONLY · WE DO NOT ACCEPT OR PROCESS IPO APPLICATIONS · ONE LOT ALREADY EXCEEDS THE RETAIL CEILING ON THIS ISSUE
THE MANIFEST · ISSUE STRUCTURE

HOW THE ISSUE IS BUILT.

FACE VALUE
₹10
ISSUE TYPE
BOOK BUILD ISSUE
FRESH ISSUE
₹37.26 CR
31,58,000 SHARES
OFFER FOR SALE
₹2.95 CR
2,50,000 SHARES
TOTAL SHARES OFFERED
34,08,000

The two legs send the money to different places: a fresh issue raises new capital for the company, while an offer for sale is existing shares being sold by existing shareholders, whose proceeds go to those sellers and not to the company.

FIGURES AS PUBLISHED FOR THIS ISSUE · CONFIRM AGAINST THE OFFICIAL RHP
THE GAUGES · VALUATION AND RETURNS

ON THE DASHBOARD.

EPS · PRE-ISSUE
12.22
EPS · POST-ISSUE
9.21
P/E RATIO
9.66
P/E · POST-ISSUE
12.81
RONW
37.38%
ROCE
47.6%
ROE
45.97%
EBITDA MARGIN
29.49%
PRICE / BOOK
5.76
NAV PER SHARE
₹32.68
DEBT / EQUITY
0.07
MARKET CAP
₹160.34 CR
FIGURES STATED AS OF 31 MAR 2026 · AS PUBLISHED FOR THIS ISSUE AND REPRODUCED WITHOUT ADJUSTMENT · A REPORTED RATIO IS NOT A VIEW ON VALUE · CONFIRM AGAINST THE OFFICIAL RHP
THE LOGBOOK · REPORTED FINANCIALS

THE RUNNING RECORD.

INR CR31 MAR 2431 MAR 2531 MAR 26
ASSETS21.4927.3841.63
TOTAL INCOME43.7553.5456.84
PROFIT AFTER TAX4.087.6712.52
EBITDA6.6910.9316.76
NET WORTH13.3620.9833.5
RESERVES AND SURPLUS13.0620.7323.25
TOTAL BORROWING4.172.78
AMOUNTS IN INR CR · AS PUBLISHED FOR THIS ISSUE AND REPRODUCED WITHOUT ADJUSTMENT · CONFIRM AGAINST THE OFFICIAL RHP
WHERE THE FARE GOES · OBJECTS OF THE ISSUE

WHAT THE MONEY IS FOR.

OBJECT OF THE ISSUEINR CR
Funding the Capital Expenditure requirements towards setting up of a new manufacturing unit17.4
Funding the working capital requirements of the Company12
General corporate purposes5.69
Issue Expenses4.63
INR CR 39.71 ALLOCATED IN TOTAL · OBJECTS AND AMOUNTS AS PUBLISHED FOR THIS ISSUE · AN OBJECT WITH NO AMOUNT AGAINST IT IS SHOWN AS PUBLISHED · CONFIRM AGAINST THE OFFICIAL RHP
THE SEATING PLAN · CATEGORY RESERVATION

WHO GETS WHICH SEATS.

ANCHOR INVESTOR
10,00,800
SHARES
QIB
6,62,400
Not more than 50% of the Net Offer
NII (HNI)
5,04,000
Not less than 15% of the Net Offer
SNII
1,69,200
SHARES
BNII
3,34,800
SHARES
RETAIL
11,76,000
Not less than 35% of the Net Offer
EMPLOYEE
64,800
SHARES
MARKET MAKER
1,80,000
SHARES
34,08,000 SHARES ACROSS ALL CATEGORIES · CATEGORY SPLIT AS PUBLISHED FOR THIS ISSUE · CONFIRM AGAINST THE OFFICIAL RHP
ABOUT THIS SERVICE

Devson Catalyst Limited is an indigenous manufacturer of catalysts, adsorbents, and ceramic balls used in various industrial processes across sectors such as oil & gas refineries, petrochemicals, steel, fertilizers, and other process industries. The company operates a manufacturing facility located in Wadhwan, Gujarat, with an installed production capacity of approximately 6,205 metric tons per annum. Its products are designed to enhance process efficiency, improve operational reliability, and support sustainable industrial operations. Devson Catalyst serves both domestic and international customers through a business-to-business (B2B) model, supplying primarily to institutional and industrial clients based on their specific technical requirements. The company’s manufacturing facility is equipped with the necessary infrastructure and machinery, supported by standard operating procedures and quality control measures to ensure consistent product quality and performance. Competitive Strengths Indigenous manufacturer of catalysts, adsorbents, and ceramic balls in India. Consistent profitability and financial performance in an industry with high entry barriers. Strategically located manufacturing facility with the capability to produce multiple product lines. Operates in an industry with significant entry barriers, supporting long-term business stability. Strong customer relationships and a growing presence in global markets.

THE CREW · WHO IS RUNNING THIS SERVICE

ON THE ROSTER.

PROMOTERS
NAMES
Pratapbhai Devjibhai Siyania, Prahladbhai Devjibhai Shiyaniya, Patel Savan Prahladbhai and Patel Krishna Savanbhai
HOLDING PRE-ISSUE
100%
HOLDING POST-ISSUE
73.59%
BOOK-RUNNING LEAD MANAGERS
1 APPOINTED
JJ IPO Advisors Pvt.Ltd.
REGISTRAR TO THE ISSUE
NAME
MUFG Intime India Pvt.Ltd.
PHONE
022-49186000
THE COMPANY
PHONE
91 7201010244
REGISTERED OFFICE
Plot No 213 To 218 and 233 To 237, Phase II, Ambawadi, GIDC, Wadhwancity, Surendranagar, Gujarat, 363030
DETAILS AS PUBLISHED FOR THIS ISSUE · ALLOTMENT IS HANDLED BY THE REGISTRAR, NOT BY BUYUNLISTEDSHARES · WE NEVER ASK FOR PAN OR APPLICATION DETAILS
THE ENQUIRY DESK · QUESTIONS

COMMON QUESTIONS.

What is the Devson Catalyst IPO price band?+

The indicative price band is ₹118 per share. The binding terms are the ones in the Red Herring Prospectus (RHP).

What is the lot size of the Devson Catalyst IPO?+

One lot is 1200 shares. At the upper band of ₹118, one lot works out to ₹1,41,600.

When does the Devson Catalyst IPO open and close?+

The issue opened on 09 Jul 2026 and closed on 13 Jul 2026. Dates can move — the registrar and the exchange notices are the record.

When is the Devson Catalyst IPO allotment?+

Allotment is scheduled for 14 Jul 2026. The basis of allotment is published by the registrar to the issue. BuyUnlistedShares does not accept, process or track IPO applications.

When did Devson Catalyst list?+

Listing took place on 16 Jul 2026 on BSE SME.

Where will Devson Catalyst be listed?+

Devson Catalyst is listed on BSE SME. It is an SME issue, so it trades on the SME platform.

How large is the Devson Catalyst IPO?+

The issue size is ₹42.34 Cr — a fresh issue of ₹37.26 cr and an offer for sale of ₹2.95 cr. Figures are indicative and subject to the RHP.

What is the difference between the fresh issue and the offer for sale in the Devson Catalyst IPO?+

Money raised through the fresh issue goes to the company, which spends it on the purposes set out in the offer document. Money raised through the offer for sale goes to the shareholders who are selling, not to the company. That is a fact about how the issue is structured, not a view on it.

How was the Devson Catalyst IPO subscribed?+

The issue was subscribed 220.35× overall. By category: qib 168.56×, nii 261.22×, small hni 211.19×, big hni 286.5×, retail 244.08×. Subscription figures are as reported by the exchanges.

At what price did Devson Catalyst list?+

Devson Catalyst listed at ₹196, +66.23% against the issue price.

Who is the registrar for the Devson Catalyst IPO?+

The registrar to the issue is MUFG Intime India Pvt.Ltd. (022-49186000), devsoncatalyst.smeipo@in.mpms.mufg.com.

Where can I check the Devson Catalyst IPO allotment status?+

Allotment status is published by the registrar on its own official portal: https://in.mpms.mufg.com/Initial_Offer/public-issues.html. Use the registrar's site directly — BuyUnlistedShares does not ask for PAN, application numbers or any other applicant detail.

What is the P/E ratio of the Devson Catalyst IPO?+

The P/E ratio on file for this issue is 9.66, and the post-issue P/E is 12.81, stated as of 31 Mar 2026. A reported ratio is not a view on value.

‹ SEE EVERY SERVICE ON THE DEPARTURES BOARD
ASK ABOUT UNLISTED SHARES →
PRE-IPO STOCK ONLY · WE DO NOT ACCEPT IPO APPLICATIONS
Dates, price band, lot size, issue size and subscription figures are indicative and subject to the official Red Herring Prospectus (RHP). Application amounts shown in the fare table are arithmetic on the lot size and the upper band against SEBI's category thresholds — they are not an application facility and we do not accept IPO applications. GMP is unofficial grey-market chatter that changes daily — not a target, not a quote and not a recommendation. This page is information only: it is not an offer to deal and not investment advice. BuyUnlistedShares provides information and research, not buy/sell recommendations. All IPOs carry market risk — read the RHP and assess suitability before applying.
© 2026 BUYUNLISTEDSHARES · A BRAND OF GAYATRI FINANCIAL SYNERGY · SINCE 2002 · ‹ BACK TO THE RIDE
TODAY'S INDICATIVE PRICES — PARAG PARIKH FINANCIAL ADVISORY SERVICES LIMITED ₹20,400 · CAPGEMINI TECHNOLOGY SERVICES INDIA LIMITED ₹10,400 · HDFC SECURITIES LIMITED ₹7,990 · NATIONAL STOCK EXCHANGE (NSE) ₹1,985 · BOAT (IMAGINE MARKETING LIMITED) ₹895 · CHENNAI SUPER KINGS (CSK) ₹249 · BIRA 91 (B9 BEVERAGES LIMITED) ₹82 · ZEPTO ₹33 · ORAVEL STAYS (OYO ROOMS) ₹24.5 · HUTTI GOLD MINES COMPANY LIMITED ₹1,19,838 — INDICATIVE, NOT AN OFFER TO DEAL —TODAY'S INDICATIVE PRICES — PARAG PARIKH FINANCIAL ADVISORY SERVICES LIMITED ₹20,400 · CAPGEMINI TECHNOLOGY SERVICES INDIA LIMITED ₹10,400 · HDFC SECURITIES LIMITED ₹7,990 · NATIONAL STOCK EXCHANGE (NSE) ₹1,985 · BOAT (IMAGINE MARKETING LIMITED) ₹895 · CHENNAI SUPER KINGS (CSK) ₹249 · BIRA 91 (B9 BEVERAGES LIMITED) ₹82 · ZEPTO ₹33 · ORAVEL STAYS (OYO ROOMS) ₹24.5 · HUTTI GOLD MINES COMPANY LIMITED ₹1,19,838 — INDICATIVE, NOT AN OFFER TO DEAL —