Devson Catalyst Limited
Bookbuilding IPO · BSE
- Price band
- ₹112 - ₹118
- Lot size
- 1,200 shares
- Issue amount
- ₹42.33 cr
- Total subscription
- 220.39×
- Opens
- 9 Jul 2026
- Closes
- 13 Jul 2026
- Allotment
- 14 Jul 2026
- Listing
- 16 Jul 2026
Offer at a glance
Issue overview
- Issue size
- 35,88,000 shares
- Face value
- ₹10 per share
- Minimum investment
- ₹1,34,400
- Fresh issue
- ₹39.38 cr
- Offer for sale
- ₹2.95 cr
- Registrar
- Link Intime India Private Limited
- Listing exchange
- BSE
- Maximum investment
- ₹1,41,600
- Issue type
- Bookbuilding IPO
- Shares before issue
- 1,02,50,000
- Shares after issue
- 1,35,88,000
Lot sizes
| Category | Lots | Shares | Amount |
|---|---|---|---|
| RETAIL | 2 | 2,400 | ₹2,83,200 |
| sHNI | 3 | 3,600 | ₹4,24,800 |
| bHNI | 8 | 9,600 | ₹11,32,800 |
Share reservation
Subscription & GMP
Subscription by category
Reported 13 Jul 2026
GMP history
Day-wise demand
Application-wise demand
| Category | Reserved applications | Applied applications |
|---|---|---|
| QIB | 0 | 103 |
| NIB | 0 | 18,907 |
| RETAIL | 490 | 1,19,573 |
| EMPLOYEES | 0 | 19 |
| HNIs(10L +) | 93 | 9,509 |
| HNIs (2-10L) | 47 | 9,398 |
| Shareholder | 0 | 0 |
Subscription demand
Amounts in ₹ crore. HNI subcategories are included in the NII total.
| Category | Offered | Demand |
|---|---|---|
| QIBs | 7.82 | 1,317.55 |
| FIIs | 0 | 166.38 |
| Mutual Funds | 0 | 22.77 |
| Others | 0 | 995.29 |
| RETAIL | 13.88 | 3,386.31 |
| HNIs 2+ | 2 | 421.66 |
| HNIs 10+ | 3.95 | 1,133.99 |
| EMPLOYEES | 0.76 | 0.81 |
Financial performance
Company financials
In Crores · Reported periods may include interim results.
Key performance indicators
| Metric | Mar-26 | Mar-25 | Mar-24 |
|---|---|---|---|
| EPS | 12.22 | 7.49 | 3.98 |
| ROE | 45.97 | 44.76 | 36.2 |
| ROCE | 47.6 | 44.71 | 36.67 |
| RONW | 0 | 0 | 0 |
| PRE IPO(PE) | 9.66 | 0 | 0 |
| POST IPO(PE) | 12.81 | 0 | 0 |
Values and labels as reported in the issue data.
Company information
Company profile
Devson Catalyst Limited, incorporated in 2004, is engaged in the manufacturing of catalysts, adsorbents, and ceramic balls used across various industrial processing applications. Originally incorporated as Devson Insulators Private Limited, the company was renamed Devson Catalyst Private Limited in 2017 and converted into a public limited company in 2025. It operates an ISO 9001:2015 and ISO 45001:2018 certified manufacturing facility in Gujarat with an annual production capacity of around 6,205 metric tons. Its products help improve process efficiency, remove impurities, and support catalyst systems in industries such as oil & gas, petrochemicals, steel, and fertilizers. With a strong focus on quality, operational reliability, and sustainable manufacturing, Devson Catalyst serves both domestic and international customers through its specialized industrial product portfolio.
Strengths
- Specialized Chemical Manufacturing: Engaged in manufacturing specialty and industrial chemicals, catering to diverse industrial applications.
- Diversified Customer Base: Serves multiple industries, reducing dependence on a single sector and supporting stable revenue generation.
- Growing Industry Demand: Rising demand for specialty chemicals and domestic manufacturing supports long-term business growth.
Risk factors
- Raw Material Price Volatility: Fluctuations in chemical input costs can directly impact profit margins and overall profitability.
- Regulatory Compliance Risk: Operations are subject to strict environmental, safety, and quality regulations, increasing compliance requirements.
- Working Capital Intensive Operations: Requires continuous investment in raw materials, production, and inventory management, affecting cash flow.
Promoters
Pratapbhai Devjibhai Siyania
Prahladbhai Devjibhai Shiyaniya
Patel Savan Prahladbhai
Patel Krishna Savanbhai
Registrar & documents
Lead manager
JJ IPO Advisors Private Limited
Registrar & contacts
Link Intime India Private Limited
[email protected]Official registrar portal ↗IPO allotment status guide →Registered office
Plot No 213 To 218 and 233 To 237, Phase II, Ambawadi, GIDC, Wadhwancity, Surendranagar, Gujarat, 363030
+91 7201010244
[email protected]Company website ↗Understanding DEVSON IPO data
Compare the price band and required investment with the company profile, financial results and offer documents. Subscription figures show reported demand by category; they do not establish the value of the business. GMP is an unofficial indication and can change before listing.