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IPOs, NCDs, OFS, Rights Issues, Buyback and Stock Brokers

IPO Open

Thu, Jun 25, 2026

IPO Close

Mon, Jul 13, 2026

Price Band

₹112 to ₹118

Market Cap (Pre-IPO)

₹160.34 Cr

IPO Details

  • IPO Date
    9 to 13 Jul, 2026
  • Listing Date
    Thu, Jul 16, 2026
  • Face Value
    ₹10 per share
  • Price Band
    ₹112 to ₹118
  • Lot Size
    1,200 Shares
  • Sale Type
    Fresh capital cum OFS
  • Issue Type
    Bookbuilding IPO
  • Listing At
    BSE SME
  • Total Issue Size
    35,88,000 shares (agg. up to ₹42 Cr)
  • Reserved for Market Maker
    1,80,000 shares (agg. up to ₹2 Cr) MNM Stock Broking Pvt.Ltd.
  • Fresh Issue (Ex Market Maker)
    31,58,000 shares (agg. up to ₹37 Cr)
  • Offer for Sale
    2,50,000 shares of ₹10 (agg. up to ₹3 Cr)
  • Net Offered to Public
    34,08,000 shares (agg. up to ₹40 Cr)
  • Share Holding Pre Issue
    1,02,50,000 shares
  • Share Holding Post Issue
    1,35,88,000 shares

IPO Timetable (Tentative)

  • IPO Open
    Thu, Jul 9, 2026
  • Allotment
    Tue, Jul 14, 2026
  • Credit of Shares
    2026
  • IPO Close
    Mon, Jul 13, 2026
  • Refund
    Wed, Jul 15, 2026
  • Listing
    Thu, Jul 16, 2026

Issue Reservation

Devson Catalyst IPO comprises a total issue size of 35,23,200 shares. The net offer to the public is 33,43,200 shares, after excluding 1,80,000 shares allotted on a firm basis. Of the Net offer 16,63,200 (49.75%) are allocated to QIB, 5,04,000 (15.08%) allocated to NII 11,76,000 (35.18%) allocated to RII.

Investor Category Shares Offered % of Net Issue % of Total Issue
QIB Shares Offered 16,63,200 49.75% 47.21%
  − Anchor Investor Shares Offered 10,00,800 28.41%
  − QIB (Ex. Anchor) Shares Offered 6,62,400 18.80%
NII (HNI) Shares Offered 5,04,000 15.08% 14.31%
  − bNII > ₹10L 3,34,800 9.50%
  − sNII < ₹10L 1,69,200 4.80%
Retail Shares Offered 11,76,000 35.18% 33.38%
Firm Reservations
Market Maker Shares Offered 1,80,000 5.11%
Total Shares Offered 35,23,200 100.00% 100.00%

IPO Lot Size

Investors can bid for a minimum of 2,400 shares and in multiples of 1,200 shares thereof.

Application Lots Shares Amount
Individual investors (IND) (Min) 2 2,400 ₹2,83,200
Individual investors (IND) (Max) 2 2,400 ₹2,83,200
S-HNI (Min) 3 3,600 ₹4,24,800
S-HNI (Max) 7 8,400 ₹9,91,200
B-HNI (Min) 8 9,600 ₹11,32,800
Employee (Min) 2 2,400 ₹2,83,200
Employee (Max) 3 3,600 ₹4,24,800

Investor Category Reservations

Application Category Bidding Limits
Only Individual investor (retail) 2 lots
Only sNII 3 lots – 7 lots
Only bNII 8 lots and above
Only employee 2 lots – 3 lots
Employee + RII/NII
  • 1. Employee limit: 2 lots – 3 lots AND
  • 2. If applying as RII: 2 lots OR
  • 2. If applying as sNII: 3 lots – 7 lots OR
  • 2. If applying as bNII: 8 lots and above

About Devson Catalyst Ltd.

Devson Catalyst Limited is an indigenous manufacturer of catalysts, adsorbents and ceramic balls used as key materials in various industrial processes The company operates a manufacturing facility in Gujarat with an annual production capacity of around 6,205 metric tons.

Its products are supplied to industries such as oil and gas refineries, petrochemicals, steel, fertilizers, and other industrial processing sectors. These materials help improve process efficiency, increase operational reliability, and support more sustainable industrial operations. The company serves customers in both domestic and international markets.

The manufacturing unit is located at Plot Nos. 213 to 218 and 233 to 237, Phase II, Ambawadi, GIDC, Wadhwan City, Surendranagar, Gujarat – 363030, India. The facility is equipped with the necessary machinery and infrastructure for production, and the company follows standard operating procedures and internal quality checks to maintain consistent product quality. The facility’s total installed manufacturing capacity is 6,205 MT per year.

Devson Catalyst Limited operates entirely in thebusiness-to-business (B2B)segment. Its products are supplied mainly to institutional and industrial customers, and the company does not sell directly to individual consumers. This B2B model helps the company plan production and manage its supply chain according to the specific requirements of industrial clients, including product specifications, order schedules, and delivery timelines.

Products:

  • Catalyst: A substance that speeds up the chemical reaction without being consumed or permanently changed itself.
  • Adsorbent: It removes unwanted substances from air, gas or liquids by making them stick to its surface.
  • Ceramic Balls: It is a small, hard sphere made from ceramic material that is placed inside industrial reactors and towers.

As of May 31, 2026, the company had 56 permanent employees.

Competitive Strengths

  • Indigenous manufacturer of catalysts, adsorbents, and ceramic balls in India.
  • Consistent profitability and financial performance in an industry with high entry barriers.
  • Strategically located manufacturing facility with the capability to produce multiple product lines.
  • Operates in an industry with significant entry barriers, supporting long-term business stability.
  • Strong customer relationships and a growing presence in global markets.

Company Financials (Restated)

Devson Catalyst Ltd.’s revenue increased by 6% and profit after tax (PAT) rose by 63% between the financial year ending with March 31, 2026 and March 31, 2025.

Period Ended 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

Recently Listed IPOs in Specialty Chemicals

Company Issue Type Issue Size Issue Price PE Ratio Listing Day Close Listing Gain/Loss % LTP
Vahh Chemicals Ltd. SME ₹13.45 Cr ₹60 7.15 ₹66.50 +10.83% ₹61.36 (-2.59%)
Biopol Chemicals Ltd. SME ₹31.26 Cr ₹108 19.73 ₹105.50 -2.31% ₹94.45 (-1.41%)
Neochem Bio Solutions Ltd. SME ₹44.97 Cr ₹98 15.85 ₹111.80 +14.08% ₹95.00 (-3.01%)

IPO Objects of the Issue

The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:

  • # Issue Objects
    Est Amt (₹ Cr.)
  • 1 Funding the Capital Expenditure requirements towards setting up of a new manufacturing unit
    17.4
  • 2 Funding the working capital requirements of the Company
    12.00
  • 3 General corporate purposes
  • Total
    29.40

Key Performance Indicator (KPI)

KPI Mar 31, 2026
ROE 45.97%
ROCE 47.60%
Debt/Equity 0.07
RoNW 37.38%
EBITDA Margin 29.49%
Price to Book Value 5.76
Pre IPO Post IPO
EPS (₹) 12.22 9.21
P/E (x) 9.66 12.81
Promoter Holding 100%
Market Cap ₹160.34 Cr.
Pratapbhai Devjibhai Siyania, Prahladbhai Devjibhai Shiyaniya, Patel Savan Prahladbhai, Patel Krishna Savanbhai
  • The value will be calculated using Equity Dilution = Share Holding Pre Issue – Share Holding Post Issue
  • The Pre IPO EPS is calculated based on Pre issue shareholding as on date of RHP and the latest FY earnings as of March 31, 2026 available in RHP.
  • The Post Issue EPS is calculated based on the Post issue shareholding and annualized FY earnings of March 31, 2026 available in RHP.

IPO Registrar

MUFG Intime India Pvt.Ltd.

  • 022-49186000
  • devsoncatalyst.smeipo@in.mpms.mufg.com
  • Visit Website

IPO Lead Manager(s)

  1. JJ IPO Advisors Pvt.Ltd.  (Past IPO Performance)

Lead Manager Reports

  • Lead Manager Performance Summary
  • Lead Manager Performance Tracker

Contact Details

IC Electricals Co.Ltd. Address
156 DSIDC
Okhla INDL
Area Phase
North Delhi, New Delhi, 110020

IPO FAQs

Devson Catalyst IPO is a SME IPO of 35,88,000 equity shares of the face value of ₹10 aggregating up to ₹42 Crores. The issue is priced at ₹112 to ₹118. The minimum order quantity is 1200.

The IPO opens on Thu, Jul 9, 2026, and closes on Mon, Jul 13, 2026.

MUFG Intime India Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE SME.

Angel One customers can apply online in Devson Catalyst IPO using UPI as a payment gateway. Angel One customers can apply in Devson Catalyst IPO by login into Angel One Console (back office) and submitting an IPO application form.

Steps to apply in Devson Catalyst IPO through Angel One

Visit the Angel One website and login to Console.
Go to Portfolio and click the IPOs link.
Go to the ‘Devson Catalyst IPO’ row and click the ‘Bid’ button.
Enter your UPI ID, Quantity, and Price.
Submit IPO application form.
Visit the UPI App (net banking or BHIM) to approve the mandate.
Visit Angel One IPO Application Process Review for more detail.

The Devson Catalyst IPO opens on Thu, Jul 9, 2026 and closes on Mon, Jul 13, 2026.

Devson Catalyst IPO lot size is 1200, and the minimum amount required for application is ₹2,83,200, with 2 lots being the minimum application size.

You can apply in Devson Catalyst IPO online using either UPI or ASBA as a payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO Application is offered by brokers who don’t offer banking services. Read more detail about applying IPO online through Angel One, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.

The finalization of Basis of Allotment for Devson Catalyst IPO will be done on Tuesday, July 14, 2026, and the allotted shares will be credited to your demat account by Wed, Jul 15, 2026. Check the Devson Catalyst IPO allotment status.

The Devson Catalyst IPO listing date is not yet announced. The tentative date of listing is Thu, Jul 16, 2026.

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IPO FAQs

Avience Biomedicals IPO is a SME IPO of 14,53,800 equity shares of the face value of ₹10 aggregating up to ₹30 Crores. The issue is priced at ₹196 to ₹208. The minimum order quantity is 600.

The IPO opens on Thu, Jun 18, 2026, and closes on Mon, Jun 22, 2026.

Skyline Financial Services Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on NSE SME.

Angel One customers can apply online in Avience Biomedicals IPO using UPI as a payment gateway. Angel One customers can apply in Avience Biomedicals IPO by login into Angel One Console (back office) and submitting an IPO application form.

Steps to apply in Avience Biomedicals IPO through Angel One

Visit the Angel One website and login to Console.
Go to Portfolio and click the IPOs link.
Go to the ‘Avience Biomedicals IPO’ row and click the ‘Bid’ button.
Enter your UPI ID, Quantity, and Price.
Submit IPO application form.
Visit the UPI App (net banking or BHIM) to approve the mandate.
Visit Angel One IPO Application Process Review for more detail.

The Avience Biomedicals IPO opens on Thu, Jun 18, 2026 and closes on Mon, Jun 22, 2026.

Avience Biomedicals IPO lot size is 600, and the minimum amount required for application is ₹2,49,600, with 2 lots being the minimum application size.

You can apply in Avience Biomedicals IPO online using either UPI or ASBA as a payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO Application is offered by brokers who don’t offer banking services. Read more detail about applying IPO online through Angel One, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.

The finalization of Basis of Allotment for Avience Biomedicals IPO will be done on Tuesday, June 23, 2026, and the allotted shares will be credited to your demat account by Wed, Jun 24, 2026. Check the Avience Biomedicals IPO allotment status.

The Avience Biomedicals IPO listing date is not yet announced. The tentative date of listing is Thu, Jun 25, 2026.

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