Devson Catalyst IPO
Market Sentiment
IPO Details
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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 — 220.3x 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.
- Lists on the exchange's SME platform, where trading is usually thinner than on the main board — selling at your price can be harder.
Compiled from this issue's live GMP, subscription, valuation and financial data, and updated as those figures change. 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.
Devson Catalyst Ltd., Plot No 213 To 218 and 233 To 237,, Phase II, Ambawadi, GIDC, Wadhwancity,, Surendranagar, Gujarat, 363030
| 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 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).
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.
On our data-signal score, the combined signals for this issue currently read strong — the composite picture tilts positive, though not without some caveats. This is a summary of public data, not a recommendation to apply or skip. Past performance does not predict future returns — review the price chart and peer comparison below before trading.
Devson Catalyst IPO GMP — What It Means
GMP stops mattering once the shares trade — it only ever estimated the listing price. The summary at the top of this page compares the last pre-listing GMP with how the shares actually listed.
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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