Devson Catalyst IPO
Price band
₹112 – ₹118
Lot size
1200 shares
Min investment
₹1,41,600
Issue size
₹42.34 Cr
IPO schedule
| Open date | 9 Jul 2026 |
| Close date | 13 Jul 2026 |
| UPI mandate cut-off | 13 Jul 2026 |
| Allotment finalisation | 14 Jul 2026 |
| Refund initiation | 15 Jul 2026 |
| Shares credited to demat | 15 Jul 2026 |
| Listing date | 16 Jul 2026 |
| Mandate end date | 28 Jul 2026 |
| Anchor lock-in (50%) | 12 Aug 2026 |
| Anchor lock-in (remaining) | 11 Oct 2026 |
Issue size
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 a wide range of 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 such as moisture and dust from gases and liquids, and supporting catalyst beds in industrial reactors and towers. Devson supplies these products to customers across industries, including oil and gas refineries, petrochemicals, steel, fertilisers, and other industrial processing sectors in both domestic and international markets. The company generates revenue from the manufacture and sale of these industrial products. Its manufacturing facility is equipped with the required infrastructure and follows standard operating procedures and internal quality checks to ensure consistent product quality and operational reliability.
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 & 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.
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.
IPO information is sourced from public feeds and shown for general information only. It is not a recommendation to apply for this or any IPO. IPOs are equity investments and carry market risk; listing gains are not guaranteed and SME IPOs are especially volatile. Grey Market Premium (GMP) is unofficial and not endorsed by SEBI or the exchanges. Equity IPOs are applied for through a demat and trading account, not through mutual fund distribution services. Read the RHP and consult a SEBI-registered investment adviser before investing.