Devson Catalyst IPO
Devson Catalyst IPO — dates, price band, GMP & allotment.
Timetable
Issue Summary
| Price Band | ₹112-118 |
| Face Value | ₹10 |
| Lot Size | 1200 Shares |
| Issue Size | ₹42.33 Cr |
| Sale Type | Fresh capital cum OFS |
| Listing On | BSE SME |
| NSE Symbol | DEVSON.BO |
| BSE Scrip Code | 7819 |
| Min Investment | ₹141,600 |
Reservation
What Will It Cost Me?
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1,200 | ₹141,600 |
| Retail (Max) | 1 | 1,200 | ₹141,600 |
| HNI (Min) | 2 | 2,400 | ₹283,200 |
Strengths & Risks
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.
Valuation & Key Ratios
Financials (Rs. Crore)
| Metric | 31 Mar 2026 | 31 Mar 2025 | 31 Mar 2024 |
|---|---|---|---|
| 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 | 33.50 | 20.98 | 13.36 |
| Reserves and Surplus | 23.25 | 20.73 | 13.06 |
| Total Borrowing | 2.78 | 4.17 |
About The Company
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.
Company & Registrar
Subscription By Category
| Category | Subscribed | Shares Offered | Shares Bid For |
|---|---|---|---|
| Qualified Institutional Buyers (QIB) | 168.56× | 662,400 | — |
| Non-Institutional Investors (NII) | 192.74× | 684,000 | — |
| Retail Individual Investors (RII) | 244.03× | 1,176,000 | — |
| Employee | 1.06× | 64,800 | — |
| Shareholder | 0× | 0 | — |
| Anchor Investors | — | — | — |
| Total | 205.06× | 2,587,200 | — |
GMP History
| Date | GMP | % Over Issue Price |
|---|
Anchor Investors
| Investor | Category | Shares Allotted | Value |
|---|
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