Devson Catalyst IPO
Bookbuilding IPO | ₹42.00 Cr | Listing at BSE SME
IPO Open
Thu, Jul 09, 2026
IPO Close
Mon, Jul 13, 2026
Price Band
₹112.00 to ₹118.00
Market Cap (Pre-IPO)
₹160.34 Cr
IPO Details
| IPO Date | Jul 09, 2026 to Jul 13, 2026 |
| Listing Date | Tentative: Jul 16, 2026 |
| Face Value | ₹10.00 per share |
| Price Band | ₹112.00 to ₹118.00 |
| Lot Size | 1200 Shares (Minimum: ₹141,600.00) |
| Sale Type | Offer For Sale + Fresh Issue |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE SME |
| Issue Size | ₹42.00 Crores |
| Total Shares Offered | 3,588,000 shares |
| Fresh Issue | 3,158,000 shares |
| Offer For Sale | 250,000 shares |
Devson Catalyst IPO Reservation
| Investor Category | Shares Offered |
|---|---|
| QIB Shares Offered | 16,63,200 |
| Retail Shares Offered | 11,76,000 |
| NII Shares Offered | 5,04,000 |
Devson Catalyst 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 |
|---|---|---|---|
| Retail (Min) | 2 | 2,400 | ₹283,200 |
| Retail (Max) | 2 | 2,400 | ₹283,200 |
| S-HNI (Min) | 3 | 3,600 | ₹424,800 |
| S-HNI (Max) | 7 | 8,400 | ₹991,200 |
| B-HNI (Min) | 8 | 9,600 | ₹1,132,800 |
Devson Catalyst Financial Information (Restated Consolidated)
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 |
Amount in ₹ Cr
Key Performance Indicators
As of Tuesday, March 31, 2026| KPI | Values |
|---|---|
| ROE (Return on Equity) | 45.97% |
| ROCE (Return on Capital Employed) | 47.60% |
| Debt/Equity | 0.07 |
| RoNW (Return on Net Worth) | 37.38% |
| EBITDA Margin | 29.49% |
| Price to Book Value | 5.76 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS Rs | 12.22 | 9.21 |
| P/E (x) | 9.66 | 12.81 |
| Promoter Holding | 100.00% | - |
Company Promoters
- Pratapbhai Devjibhai Siyania
- Prahladbhai Devjibhai Shiyaniya
- Patel Savan Prahladbhai
- Patel Krishna Savanbhai
Company Overview
Devson Catalyst Ltd. – Company Overview
- Devson Catalyst Ltd. is engaged in the manufacturing of catalysts, adsorbents, and ceramic balls used in various industrial processes.
- The company primarily serves industries such as oil & gas refineries, petrochemicals, steel, fertilizers, and other industrial processing sectors.
- It operates exclusively under a Business-to-Business (B2B) model, supplying products to institutional and industrial customers in both domestic and international markets.
- The company operates a manufacturing facility in Wadhwan City, Gujarat, with an installed production capacity of 6,205 MT per annum.
- Product Portfolio:
- Catalysts
- Adsorbents
- Ceramic Balls
- The company follows standard operating procedures and quality control processes to ensure consistent product quality and operational reliability.
- As of May 31, 2026, the company had 56 permanent employees.
Company 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.
Use of Proceeds
| 1) | Funding the Capital Expenditure requirements towards setting up of a new manufacturing unit | 17.40 |
| 2) | Funding the working capital requirements of the Company | 12.00 |
| 3) | General corporate purposes | |
| Total | 29.40 |
Objectives
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
Quick Info
| Sector | Specialty Chemicals |
| Exchange | BSE SME |
| Market Cap (Pre-IPO) | ₹160.34 Cr |
Important Dates
| IPO Open | Jul 09, 2026 |
| IPO Close | Jul 13, 2026 |
| Allotment Date | Jul 14, 2026 |
| Credit to Demat | Jul 15, 2026 |
| Listing Date | Tentative: Jul 16, 2026 |
Lead Manager(s)
JJ IPO Advisors Pvt.Ltd.
Registrar
Description
- IPO Type: Book build issue aggregating to ₹42.34 crores.
- Issue Structure: A combination of fresh issue of 0.33 crore shares aggregating to ₹39.39 crores and offer for sale of 0.03 crore shares aggregating to ₹2.95 crores.
- IPO Dates: The issue opens on July 9, 2026 and closes on July 13, 2026.
- Allotment Date: The allotment is expected to be finalized on July 14, 2026.
- Listing Details: The shares are proposed to be listed on BSE Limited on July 16, 2026.
- Retail Investment Requirement: Minimum 2 lots (2,400 shares) amounting to approximately ₹2,83,200 (at the upper price band).
- HNI Investment Requirement: Minimum 3 lots (3,600 shares) totaling around ₹4,24,800.
- Issue Price Band: ₹112 to ₹118 per equity share.
- Lot Size: 1,200 shares per lot.
This IPO offers investors an opportunity to participate in the industrial catalysts and specialty chemicals sector through a combination of a fresh issue of shares and an offer for sale by existing shareholders.