Devson Catalyst
- Issue price
- ₹ 118
- Issue size
- ₹ 42.33 Cr.
- Min. investment
- ₹ 1,41,600
- Listing price
- ₹ 196.15
- Subscribed
- 205.06x
- Lot size
- 1,200 shares
- P/E
- 12.81
- RoNW
- 37.38%
- RoCE
- 47.60%
- EPS
- ₹ 9.21
- Promoter stake
- 73.59%
About
Devson Catalyst Limited is a Gujarat-based industrial manufacturing company engaged in the production of catalysts and specialty chemical products. The company has developed expertise in serving industrial customers that require catalyst solutions for chemical processing and manufacturing applications. Promoted by experienced industry professionals, the company has built its business around technical know-how, product quality and customer-focused solutions. The company follows a manufacturing-driven business model wherein it develops, produces and supplies catalyst products to industrial clients across multiple sectors. Revenue is generated through the sale of specialized catalysts and related products that help improve industrial process efficiency and productivity. With its manufacturing facility in Gujarat, the company focuses on expanding its customer base while maintaining quality standards and operational efficiency.
Timeline
- doneOpens9 Jul
- doneCloses13 Jul
- doneAllotment14 Jul
- doneRefunds15 Jul
- doneDemat credit15 Jul
- doneListing16 Jul
Grey market premium (GMP)
GMP is an unofficial premium from the unregulated grey market. It is not published, verified or regulated by SEBI, NSE or BSE, grey market deals are not legally enforceable, and it is not a reliable indicator of the listing price. Do not apply for an IPO on the basis of GMP. It is not a recommendation of Minerva Capital Research Solutions.
- Highest
- ₹ 50 on 8 Jul 2026
- Lowest
- ₹ 8 on 2 Jul 2026
- First quoted
- ₹ 8 on 2 Jul 2026
Subscription
How many times each investor group bid for its share, as of 13 Jul 2026, 05:10 PM IST.
How much to apply for
The smallest and largest bids for each kind of investor at the upper price band.
| Retail (Min) | 1 | 1,200 | ₹ 1,41,600 |
| Retail (Max) | 1 | 1,200 | ₹ 1,41,600 |
| HNI (Min) | 2 | 2,400 | ₹ 2,83,200 |
Company overview
Financials
| Assets | 41.63 | 27.38 | 21.49 |
| Total Income | 56.84 | 53.54 | 43.75 |
| Profit After Tax | 12.52 | 7.67 | 4.08 |
| EBITDA | 16.76 | 10.93 | 6.69 |
| NET Worth | 33.5 | 20.98 | 13.36 |
| Reserves and Surplus | 23.25 | 20.73 | 13.06 |
| Total Borrowing | — | 2.78 | 4.17 |
Strengths
- Operates in a specialized industrial catalyst segment with technical entry barriers.
- Manufacturing-focused business model supports value-added product offerings.
- Experienced management team with industry knowledge and expertise.
- Growing demand from chemical and industrial processing sectors supports future growth.
- Strategic manufacturing presence in Gujarat provides access to industrial customers.
Risks
- Fluctuations in raw material costs may impact profit margins.
- Business performance depends on demand from industrial and chemical sectors.
- Competition from larger domestic and international catalyst manufacturers could affect growth.
- Dependence on a limited number of industrial customers may create concentration risk.
- Changes in environmental and industrial regulations could increase compliance costs.
What the money is for
| Funding the Capital Expenditure requirements towards setting up of a new manufacturing unit | 17.4 |
| Funding the working capital requirements of the Company | 12 |
| General corporate purposes | 5.69 |
| Issue Expenses | 4.63 |
Promoters
- Pratapbhai Devjibhai Siyania
- Prahladbhai Devjibhai Shiyaniya
- Patel Savan Prahladbhai
- Patel Krishna Savanbhai
Registrar, lead managers and documents
- Listing on
- BSE SME
- Face value
- ₹ 10 a share
- Registrar
- MUFG Intime India Private Limited
- Lead managers
- JJ IPO ADVISORS PRIVATE LIMITED
IPO dates, prices, grey market premium (GMP), subscription and the company overview: IPO Guru, updated three times a day. GMP is an unofficial premium from the unregulated grey market. It is not published, verified or regulated by SEBI, NSE or BSE, grey market deals are not legally enforceable, and it is not a reliable indicator of the listing price. Do not apply for an IPO on the basis of GMP. It is not a recommendation of Minerva Capital Research Solutions.
Our recommendations are research opinions, not investment advice. Read the offer document (RHP) and consult your financial adviser before investing.