Devson Catalyst IPO
Devson Catalyst IPO closed on 13 Jul 2026. Allotment 14 Jul 2026, listing 16 Jul 2026. Price band ₹112–₹118, lot 1200 shares, GMP +₹49 (41.53%). Track allotment on Allotly.
| Status | Closed |
|---|---|
| Category | SME · BSE |
| Price band | ₹112–₹118 |
| Lot size | 1200 shares |
| Minimum investment | ₹2,83,200 |
| Issue size | ₹42.34 Cr |
| GMP | +₹49 (41.53%) |
| Open date | 9 Jul 2026 |
| Close date | 13 Jul 2026 |
| Allotment date | 14 Jul 2026 |
| Listing date | 16 Jul 2026 |
About Devson Catalyst
Devson Catalyst Limited is an ISO 9001:2015 and ISO 45001:2018 certified manufacturer of catalysts, adsorbents and ceramic balls used in industrial processes. The company operates a manufacturing facility in Gujarat with an installed production capacity of approximately 6,205 metric tons per annum. Its products help improve process efficiency by accelerating chemical reactions, removing impurities from gases and liquids, and supporting catalyst beds in industrial reactors and towers. Devson supplies its products to customers across oil and gas refineries, petrochemicals, steel, fertilisers and other industrial processing sectors in domestic and international markets. The company generates revenue from the manufacture and sale of these industrial products. Its facility follows standard operating procedures and internal quality checks to ensure consistent product quality and operational…
Strengths
- Manufactures catalysts, adsorbents and ceramic balls for multiple industrial applications from a single facility.
- ISO 9001:2015 and ISO 45001:2018 certified manufacturing operations with established quality systems.
- Serves customers across domestic and international markets in oil and gas, petrochemicals, steel and fertiliser industries.
- Strong technical and manufacturing capabilities support consistent product quality and timely deliveries.
- Focuses on developing new catalyst and adsorbent products to expand its product portfolio and customer base.
Risks
- A significant portion of revenue comes from the petrochemical industry, exposing the business to sector-specific risks.
- The company operates a single manufacturing facility, making operations vulnerable to any disruption at that plant.
- Failure to maintain product quality or meet customer specifications could affect customer relationships and business.
- The business depends on continuous technological development to remain competitive in the catalyst industry.
- The company has not declared or paid dividends in the last three financial years, and future dividends are not assured.