Devson Catalyst 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.
IPO GMP
+₹49
+42% expected gain
Price Band
₹112 - ₹118
Lot Size
2400 shares
Min Investment
₹2,83,200
Listing Date
July 16, 2026
About Devson Catalyst
Company overview, business, and key facts.
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.
Headquarters
Surendranagar, Gujarat
Promoters
Pratapbhai Devjibhai Siyania, Prahladbhai Devjibhai Shiyaniya, Patel Savan Prahladbhai, Patel Krishna Savanbhai
Website
https://www.devsongroup.com/
IPO Details
Subscription Status
How many times each investor category has bid for the issue.
Strengths & Risks
Strengths
- Review: Neutral
Risks
Financials
Restated summary financials for the most recent periods.
Figures are indicative and restated for presentation.
Devson Catalyst IPO Key Numbers
Calculated by IPOLyst from the published offer-document data. These are figures, not buy or sell calls.
Revenue growth, 2026
+6.2%
20.2% a year over the period
Profit growth, 2026
+63.2%
74.9% a year over the period
Profit margin (PAT)
22%
EBITDA margin 29.49%
ROE / ROCE
45.97% / 47.6%
As published in the offer document
Debt to equity
0.07
GMP-implied gain per lot
₹1,17,600
2400 shares on ₹2,83,200. GMP is unofficial.
What stands out
- Healthy profit margin: PAT margin was 22% in 2026.
- Profit grew 63.2% in 2026.
Watch-outs
- 1 use-of-proceeds item(s) have no disclosed amount.
Scenarios apply today's grey market premium figures to the upper price band. They are illustrations, not predictions. GMP is unofficial and can be wrong.
Not yet available for this IPO: issue size, post-IPO share count (market cap and P/E not computable), listed peer comparison, published risk factors.
IPO Analysis SummaryAI-generated
A plain-language review of Devson Catalyst's financials, valuation and demand, based only on the verified figures above. For information only. It does not recommend whether to apply.
Devson Catalyst IPO Review
Analysis based on live GMP, subscription, and issue details.
As of today, Devson Catalyst IPO is trading at a grey market premium (GMP) of +₹49 (+42% estimated listing gain), indicating positive market sentiment.
The IPO has been subscribed 203.71x overall — QIB: 168.56x, NII: 192.47x, Retail: 241.21x.
Devson Catalyst IPO subscription has closed. The shares are expected to list on July 16, 2026.
The minimum investment required is ₹2,83,200 for 2400 shares (1 lot). Retail investors can apply at cut-off price for the best chance of allotment.
Key strengths include: Review: Neutral.
Disclaimer: IPO GMP is indicative and sourced from the grey market. This is not investment advice. Please consult a SEBI-registered advisor before investing.
Devson Catalyst IPO — Frequently Asked Questions
What is Devson Catalyst IPO GMP today?
Devson Catalyst IPO GMP (grey market premium) today is +₹49, suggesting an estimated listing gain of +42%. GMP is indicative and subject to change.
What is the price band of Devson Catalyst IPO?
The price band for Devson Catalyst IPO is ₹112 - ₹118 with a lot size of 2400 shares. The minimum investment required is ₹2,83,200.
When is Devson Catalyst IPO allotment date?
Devson Catalyst IPO allotment is expected to be finalised on July 14, 2026. You can check your allotment status on the registrar's website (MUFG Intime India Pvt.Ltd.) using your PAN number.
When will Devson Catalyst IPO list on NSE/BSE?
Devson Catalyst IPO is expected to list on BSE SME on July 16, 2026.
How to check Devson Catalyst IPO allotment status?
To check Devson Catalyst IPO allotment status, visit the registrar's website (MUFG Intime India Pvt.Ltd.) and enter your PAN number, application number, or DP/Client ID. You can also check on the BSE IPO allotment page at https://www.bseindia.com/investors/appli_check.aspx.
Should I apply for Devson Catalyst IPO?
Devson Catalyst IPO is showing a strong GMP of +₹49 (+42%), indicating positive market sentiment for listing gains. However, GMP is informal and not a guarantee of returns. Evaluate the company's fundamentals, price band, and your own risk appetite before applying. IPOLyst is not a SEBI-registered investment advisor — please do your own research.
What is the lot size of Devson Catalyst IPO?
The lot size for Devson Catalyst IPO is 2400 shares per lot. The minimum investment for retail investors is ₹2,83,200. Retail investors can apply for a maximum of 13 lots or up to ₹2 lakh, whichever is lower.