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Latest GMP
- Lead Manager
- JJ IPO Advisors Private Limited
- IPO Open Date
- 9th Jul 2026
- IPO Close Date
- 13th Jul 2026
- Allotment date
- 14th Jul 2026
- Listing date
- 16th Jul 2026
- Issue Size
- ₹ 42 Cr.
- Issue Price Band
- ₹ 112 to 118
- Lot Size
- 1200 Share
- Minimum Investment
- ₹ 283200
Disclaimer: IPO details, GMP, subscription figures, and other related information are for informational purposes only and may not always be accurate or up to date. Please verify the latest details from official sources before investing.
About Devson Catalyst Limited
Devson Catalyst Limited is an indigenous manufacturer of catalysts, adsorbents, and ceramic balls. These products serve as key materials in various industrial processes.
The company operates a manufacturing facility in Gujarat with an annual production capacity of 6,205 metric tons. Its products are supplied to industries such as oil & gas refineries, petrochemicals, steel, fertilizers, and other industrial processing sectors. These materials help improve process efficiency, increase operational reliability, and support sustainable industrial operations.
Devson Catalyst serves customers in both domestic and international markets and operates entirely in the Business-to-Business (B2B) segment, supplying institutional and industrial clients.
Manufacturing Facility
- Location: Plot Nos. 213 to 218 and 233 to 237, Phase II, Ambawadi, GIDC, Wadhwan City, Surendranagar, Gujarat – 363030, India.
- Installed Capacity: 6,205 MT per year. The facility is equipped with necessary machinery and infrastructure and follows standard operating procedures along with internal quality checks to ensure consistent product quality.
Product Portfolio
Catalysts
Substances that speed up chemical reactions without being consumed or permanently changed.
Adsorbents
Materials that remove unwanted substances from air, gas, or liquids by making them stick to its surface.
Ceramic Balls
Small, hard spheres made from ceramic material, used inside industrial reactors and towers.
Workforce
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
IPO Subscription Details
| Category | Shares Offered | Shares Applied | Subscription Times (x) |
|---|---|---|---|
| Total | 24,07,200 (100.00%) | 52,94,15,496 | 219.93 |
Grey Market Premium (GMP)
| GMP Date | IPO Price | GMP | Estimated Listing Price | Estimated Profit* | Last Updated |
|---|---|---|---|---|---|
| 15-07-2026 | ₹118 | ₹49 | ₹167 ( 41.53% ) | ₹58,800.00 | 15-Jul-2026 03:08 PM |
| 14-07-2026 | ₹118 | ₹49 | ₹167 ( 41.53% ) | ₹58,800.00 | 14-Jul-2026 10:36 AM |
| 13-07-2026 | ₹118 | ₹49 | ₹167 ( 41.53% ) | ₹58,800.00 | 13-Jul-2026 05:11 PM |
| 11-07-2026 | ₹118 | ₹45 | ₹163 ( 38.14% ) | ₹54,000.00 | 11-Jul-2026 12:38 PM |
| 10-07-2026 | ₹118 | ₹45 | ₹163 ( 38.14% ) | ₹54,000.00 | 10-Jul-2026 12:13 PM |
| 09-07-2026 | ₹118 | ₹45 | ₹163 ( 38.14% ) | ₹54,000.00 | 09-Jul-2026 06:17 PM |
Financials of Devson Catalyst Limited
A quick overview of the key financial performance of Devson Catalyst Limited.
Total Assets (₹ Cr)
Revenue (₹ Cr)
Profit after Tax (₹ Cr)
*All values are in Rs. Cr
Company Financials
Revenue increased by 6%, Profit after Tax (PAT) increased by 63%, Total Assets increased by 52% between FY2025 and FY2026.
| Period Ended | FY2024 | FY2025 | FY2026 |
|---|---|---|---|
| Revenue | 43.75 | 53.54 | 56.84 |
| Assets | 21.49 | 27.38 | 41.63 |
| Profit After Tax | 4.08 | 7.67 | 12.52 |
IPO Lot Size
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
| 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 |
Key Performance Indicators (KPI)
| KPI | Latest |
|---|---|
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Pre IPO
Post IPO
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| EPS (₹) |
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| P/E (x) |
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| Promoter Holding (%) |
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IPO Lead Manager(s)
Lead Manager Details
- JJ IPO Advisors Private Limited
- Contact Person: Chetan Jagetiya
- SEBI Registration Number: INM000013253
- Investor Grievance Email: investors@jjipoadvisors.com
- Website: https://www.jjipoadvisors.com/
- Email: info@jjipoadvisors.com
- Phone: +91 9104655282
- Address: 1301-1302, Yash Anant, Opp. Old RBI, Near Rajyakar Bhavan, Ashram Road, Ahmedabad – 380009
IPO Registrar
- Registrar Name
- MUFG Intime India Private Limited (formerly Link Intime India Private Limited)
- Phone
- +91 810 811 4949
- Contact Person
- Shanti Gopalkrishnan
- SEBI Registration Number
- INR000004058
- Address
- C-101, 1st Floor, 247 Park, Lal Bahadur Shastri Marg, Vikhroli (West), Mumbai 400083, Maharashtra, India
- Website
- https://in.mpms.mufg.com/
Company Contact Details
- Company Name
- Devson Catalyst Limited
- info@devsongroup.com
- Phone
- +91 7201010244
- Contact Person
- Zalak Ankitkumar Shah
- Corporate Identity Number
- U20119GJ2004PLC044722
- Address
- Plot No. 213 to 218 and 233 to 237, Phase II, Ambawadi, GIDC, Wadhwancity, Surendranagar, Wadhwancity, Gujarat, India – 363030
- Website
- https://www.devsongroup.com/
Devson Catalyst Limited FAQs
