GMP IPO Watch
Devson Catalyst IPO 2026: GMP Today, Subscription Status, Price Band, Financial Performance and Complete IPO Review
Devson Catalyst IPO has opened for subscription as one of the promising SME IPOs in July 2...
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D
SME IPO
LISTED
BSE SME
DEVSON
Devson Catalyst IPO
Devson Catalyst IPO details, live grey market premium (GMP), dates, price band, lot size, subscription & review.
Live GMP Today
₹49
+41.5%
Est. Listing: ₹167.00
Price Band
₹112 - ₹118
Per equity share
Lot Size
1200 Shares
Min Invest: ₹2,83,200
Issue Size
₹42.34 Cr
Total Public Offering
Issue Dates
8 July 2026 – 12 July 2026
Bidding period
Subscription
205.06x
Total overall demand
Devson Catalyst IPO Details
Key facts at a glance| IPO Open Date | 8 July 2026 | IPO Close Date | 12 July 2026 |
|---|---|---|---|
| Basis of Allotment | 13 July 2026 | Listing Date | 15 July 2026 |
| Price Band | ₹112 - ₹118 per share | Face Value | ₹10 per share |
| Market Lot Size | 1200 Shares | Min Investment (Retail) | ₹2,83,200 |
| Total Issue Size | ₹42.34 Cr | Issue Type | Book Built Issue IPO |
| Fresh Issue | — | Offer for Sale (OFS) | — |
| Listing At | BSE SME | Issue Category | SME Issue |
| Registrar | TBA | ||
Devson Catalyst IPO Timetable (Tentative Dates)
| Event | Tentative Date | Status |
|---|---|---|
| IPO Open Date | 8 July 2026 | Confirmed |
| IPO Close Date | 12 July 2026 | Confirmed |
| Basis of Allotment | 13 July 2026 | Tentative |
| Initiation of Refunds | 15 July 2026 | Tentative |
| Credit of Shares to Demat | 15 July 2026 | Tentative |
| IPO Listing Date | 15 July 2026 | Tentative |
| Cut-off time for UPI Mandate Confirmation | 13 July 2026 (5:00 PM) | Deadline |
* Note: Timelines are tentative and subject to regulatory confirmation. UPI mandate approvals must be completed by 5:00 PM on the IPO closing day.
Devson Catalyst IPO Lot Size & Investment Details
Application limits for Retail and HNI investors| Application Category | Lots | Shares | Amount (at Cut-off) |
|---|---|---|---|
| Retail (Min) | 2 Lots | 2,400 Shares | ₹2,83,200 |
| Retail (Max) | 2 Lots | 2,400 Shares | ₹2,83,200 |
| S-HNI (Min) | 3 Lots | 3,600 Shares | ₹4,24,800 |
| S-HNI (Max) | 7 Lots | 8,400 Shares | ₹9,91,200 |
| B-HNI (Min) | 8 Lots | 9,600 Shares | ₹11,32,800 |
Devson Catalyst IPO Live GMP & Movement History
Daily unofficial grey market trends
Current Grey Market Premium
₹49 +41.5%
Estimated Listing Price
₹167.00
| Date | IPO GMP (₹) | Estimated Listing Price | Estimated Listing Gain (%) |
|---|---|---|---|
| 10 Jul 2026 | ₹45 | ₹163.00 | +38.14% |
| 9 Jul 2026 | ₹50 | ₹168.00 | +42.37% |
Disclaimer: Grey Market Premium (GMP) figures are purely unofficial and indicative rates traded in the unregulated grey market. GMP is highly volatile and does not guarantee the actual listing price. Always consult a SEBI registered investment advisor before bidding.
Devson Catalyst IPO Subscription Status
Demand breakdown by investor category
Retail
244.03x
QIB
168.56x
NII / HNI
—
Total
205.06x
About Devson Catalyst
Devson Catalyst Limited is an ISO 9001:2015 and ISO 45001:2018 certified manufacturer of catalysts, adsorbents and ceramic balls used in industrial processes. The company operates a manufacturing facility in Gujarat with an installed production capacity of approximately 6,205 metric tons per annum. Its products help improve process efficiency by accelerating chemical reactions, removing impurities from gases and liquids, and supporting catalyst beds in industrial reactors and towers. Devson supplies its products to customers across oil and gas refineries, petrochemicals, steel, fertilisers and other industrial processing sectors in domestic and international markets. The company generates revenue from the manufacture and sale of these industrial products. Its facility follows standard operating procedures and internal quality checks to ensure consistent product quality and operational reliability.
Key Strengths
- Manufactures catalysts, adsorbents and ceramic balls for multiple industrial applications from a single facility.
- ISO 9001:2015 and ISO 45001:2018 certified manufacturing operations with established quality systems.
- Serves customers across domestic and international markets in oil and gas, petrochemicals, steel and fertiliser industries.
- Strong technical and manufacturing capabilities support consistent product quality and timely deliveries.
- Focuses on developing new catalyst and adsorbent products to expand its product portfolio and customer base.
Key Risks
- A significant portion of revenue comes from the petrochemical industry, exposing the business to sector-specific risks.
- The company operates a single manufacturing facility, making operations vulnerable to any disruption at that plant.
- Failure to maintain product quality or meet customer specifications could affect customer relationships and business.
- The business depends on continuous technological development to remain competitive in the catalyst industry.
- The company has not declared or paid dividends in the last three financial years, and future dividends are not assured.
Devson Catalyst IPO Reservation & Share Quotas
Devson Catalyst Limited has allocated its IPO shares among various investor categories in accordance with SEBI guidelines applicable to book-building public issues. The reservation structure is designed to ensure balanced participation from institutional investors, non-institutional investors, and retail investors.
A portion of the issue has been reserved for Anchor Investors and Qualified Institutional Buyers (QIBs), while separate allocations have been made for Non-Institutional Investors (NIIs) and Retail Individual Investors (RIIs). The final allotment will be based on valid bids received during the IPO subscription period.
| Investor Category | Share Offered | Shares (%) |
|---|---|---|
| Anchor Investor | 10,00,800 Shares | 28.41% |
| QIB (Ex. Anchor) | 6,62,400 Shares | 18.80% |
| NII Shares Offered | 5,04,000 Shares | 14.31% |
| Retail Shares Offered | 11,76,000 Shares | 33.38% |
Devson Catalyst IPO Anchor Investors
Devson Catalyst Limited has reserved a portion of its IPO for Anchor Investors under the book-building process. Anchor investors generally include Qualified Institutional Buyers (QIBs) such as mutual funds, insurance companies, banks, financial institutions, and foreign portfolio investors who participate in the IPO before it opens for public subscription.
Anchor investor participation is often viewed as an indicator of institutional confidence in the company's business prospects. Shares allotted to anchor investors are subject to mandatory lock-in periods as prescribed by SEBI regulations.
| Particular | Details |
|---|---|
| Anchor Bidding Date | July 8, 2026 |
| Anchor Investors List | |
| Shares Offered | 10,00,800 Shares |
| Anchor Size | [.] Cr. |
| Lock-in Period End Date for 50% Shares (30 Days) | 2026 |
| Lock-in Period End Date for Remaining 50% Shares (90 Days) | 2026 |
Note: The final anchor investor list and issue size will be disclosed after the completion of the anchor allocation process. The allotted shares will remain subject to the applicable SEBI-mandated lock-in requirements.
Devson Catalyst IPO Important Dates
| Particular | Dates |
|---|---|
| IPO Open Date | 09 Jul 2026 |
| IPO Close Date | 13 Jul 2026 |
| Basis of Allotment | 14 Jul 2026 |
| Refunds | - |
| Credit to Demat Account | - |
| IPO Listing Date | 16 Jul 2026 |
Note: The timeline for Devson Catalyst IPO is tentative and subject to change.
Devson Catalyst Promoters and Shareholding Pattern
The promoters of Devson Catalyst Limited are Pratapbhai Devjibhai Siyania, Prahladbhai Devjibhai Shiyaniya, Patel Savan Prahladbhai, and Patel Krishna Savanbhai. The promoter group has been instrumental in establishing and expanding the company's operations, providing strategic direction and long-term business leadership.
Following the completion of the IPO, the promoter shareholding will change based on the fresh issue and Offer for Sale (OFS). The final post-issue promoter holding percentage will be determined after the successful allotment and listing of the equity shares.
| Particular | Shares | % Share |
|---|---|---|
| Promoter Holding Pre Issue | 1,02,50,000 | 100% |
| Promoter Holding Post Issue | 1,35,88,000 | -% |
Note: The post-issue promoter shareholding percentage will be finalized after the completion of the IPO process and allotment of equity shares.
Devson Catalyst Objects of the Issue & Utilisation of Proceeds
To Be Updated Soon
Devson Catalyst About the IPO
Devson Catalyst is one of the leading Indigenous manufacturers of catalysts, adsorbents, and ceramic balls, which are important materials used in a wide range of industrial processes. Its manufacturing facility is in Gujarat. Its products are used in various industries, including oil and gas refineries, petrochemicals, steel, fertilizers, and other industrial processing sectors. Its manufacturing facility is situated in Surendranagar, Gujarat, and is equipped with various machinery and infrastructure with a capacity of 6,205 MT per year.
Devson Catalyst operates its business in the B2B segment and supplies institutional and industrial customers. The company serves its products to both domestic and international markets.
Devson Catalyst Company Financial Report
To Be Updated Soon
Devson Catalyst Company Valuation & Key Performance Indicators
To Be Updated Soon
Devson Catalyst Peer Group Comparison
To Be Updated Soon
Devson Catalyst Lead Managers & Merchant Bankers
- JJ IPO Advisors Pvt.Ltd.
Devson Catalyst IPO FAQs
Devson Catalyst IPO opens for subscription on 8 July 2026 and closes on 12 July 2026.
The price band for Devson Catalyst IPO is set at ₹112.00 to ₹118.00 per share.
The minimum market lot size is 1200 shares. A retail investor can apply for a minimum of 1 lot requiring an investment of 2,400 Shares (₹2,83,200).
The latest Grey Market Premium (GMP) for Devson Catalyst IPO is ₹49. GMP represents the unofficial premium at which shares trade prior to listing.
The basis of allotment for Devson Catalyst IPO is tentatively scheduled for 13 July 2026, and shares are expected to list on the stock exchanges on 15 July 2026.
The registrar details will be confirmed in the official prospectus.
Devson Catalyst IPO Analysis & Articles
