Devson Catalyst IPO
Market Sentiment
IPO Details
Market Lot Size
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Day-wise Subscription (times subscribed)
Financial Analysis
| Metric | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|
| Revenue | 32.75 | 43.75 | 53.54 | 56.84 |
| Expense | 29.58 | 38.07 | 43.16 | 40.01 |
| Profit (PAT) | 2.34 | 4.08 | 7.67 | 12.52 |
| Total Assets | 15.89 | 21.49 | 27.38 | 41.63 |
Promoters: Pratapbhai Devjibhai Siyania, Prahladbhai Devjibhai Shiyaniya, Patel Savan Prahladbhai and Patel Krishna Savanbhai
| Shareholding | No. of Shares | Holding % |
|---|---|---|
| Promoter Holding Pre Issue | 1,02,50,000 | 100.00% |
Strengths & Risks
- Heavily oversubscribed — 205.0x overall (so far).
- Strong institutional (QIB) demand — 168.6x.
- Solid profit margin — 22.0%.
- Strong return on equity — 46%.
- Low leverage — debt/equity of 0.07.
No major red flags in the available data.
Auto-generated from live GMP, subscription, valuation and financial data. Informational only — not investment advice. Always read the RHP before applying.
Company Information
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.
| Purpose | Amount (Cr) |
|---|---|
| Funding the Capital Expenditure requirements towards setting up of a new manufacturing unit | 17.40 |
| Funding the working capital requirements of the Company | 12.00 |
| General Corporate Purpose | - |
Resources & Documents
Devson Catalyst Ltd., Plot No 213 To 218 and 233 To 237,, Phase II, Ambawadi, GIDC, Wadhwancity,, Surendranagar, Gujarat, 363030
Devson Catalyst has set a price band of Rs 112–Rs 118 per share for an issue size of Rs 42 crore. The stock listed with a 66.23% gain versus its issue price on July 16, 2026.
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.
The issue is promoted by Pratapbhai Devjibhai Siyania, Prahladbhai Devjibhai Shiyaniya, Patel Savan Prahladbhai and Patel Krishna Savanbhai with JJ IPO Advisors Pvt.Ltd. acting as lead manager. Net proceeds will primarily be used towards Funding the Capital Expenditure requirements towards setting up of a new manufacturing unit (Rs 17 crore) and Funding the working capital requirements of the Company (Rs 12 crore).
Grey market is quoting a premium of +Rs 49 (+41.5% over issue price), up Rs 41 from the previous session. Final subscription data records overall subscription at 204.99x, retail at 243.88x, QIB at 168.56x, NII at 192.72x.
On fundamentals, the company is posting revenue growth of 6.2%, a profit margin of 22.0%, return on equity of 46.0% in its most recent reported period.
Our data-driven engine currently flags this issue as a Strong Subscribe — the data suggests strong listing-day potential backed by healthy fundamentals. Past performance does not predict future returns — review the price chart and peer comparison below before trading.
Devson Catalyst IPO GMP — What It Means
The latest grey market premium for Devson Catalyst IPO is ₹49 (+41.5%). GMP is an unofficial, dealer-quoted figure that hints at expected listing-day demand — it is not a guaranteed listing price. For Devson Catalyst it should be read alongside the subscription numbers and the company's fundamentals, since grey-market premiums can swing sharply during the bidding window.
See the full Devson Catalyst GMP history and trend, or learn how grey market premium works and how reliable it is.
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