Devson Catalyst IPO

Devson Catalyst is a listed issue, offered in a price band of ₹112 to ₹118 per share, in lots of 2400 shares. Every figure below is taken from the issue's own filings and exchange disclosures.

Issue details

Price band

₹112 – ₹118

Lot size

2400 shares

Minimum investment

₹2,83,200

Issue size

₹42.34 Cr

Fresh issue

₹39.39 Cr

Offer for sale

₹2.95 Cr

Opens

9 Jul 2026

Closes

13 Jul 2026

Listing date

16 Jul 2026

Registrar

MUFG Intime India Pvt.Ltd.

Symbol

DEVSON

One lot of 2400 shares at the upper band price of ₹118 is ₹2,83,200 — the smallest retail application this issue accepts.

Lead managers: JJ IPO Advisors Pvt.Ltd.

Grey market premium (GMP)

Latest reported GMP

₹49

Implied over upper band

41.50%

As of

16 Jul 2026, 07:05 pm IST

How the reported premium has moved. The trend matters more than any single reading — a premium that is drifting down into the close is a different signal from one holding firm.

Grey Market Premium is an unofficial, unregulated over-the-counter datapoint reported by third parties. It is not a price, a forecast, or an indication of listing gains, and is not investment advice.

Reported financials

As disclosed in the offer document. Figures in ₹ crore unless the filing states otherwise.

Strengths disclosed in the offer document

• The company has a diverse product portfolio including Chloride Guard Catalyst, Sulphur Guard Catalyst, Claus Catalyst, Activated Alumina, Molecular Sieves, Inert Ceramic Balls, and Ceramic Tower Packing.
• The company operates state-of-the-art manufacturing facilities equipped with the latest technologies, ensuring consistent product performance and reliability.
• Devson Catalyst invests continuously in research and development to enhance product quality and performance, staying at the forefront of technological advancements.
• The company has a strong presence in both domestic and international markets, backed by a deep understanding of local market dynamics.
• Devson Catalyst emphasizes sustainable industrial practices, providing solutions that enhance efficiency and reduce costs.
• The company is strategically positioned as an indigenous MSME, benefiting from national initiatives that promote domestic manufacturing and technological self-reliance.
• Devson Catalyst has built a reputation as a reliable and trusted supplier with a proven track record, meeting stringent client specifications.

Risk factors disclosed in the offer document

• Revenue is concentrated among a limited number of key customers, and the loss of one or more could adversely affect business, results of operations, cash flows, and financial condition.
• Dependence on a limited number of suppliers for key raw materials and the absence of long-term supply contracts may adversely affect operations and financial performance.
• The business is significantly reliant on the ability to obtain orders through competitive bidding processes, and any inability to secure new contracts or early termination of existing ones could have a material adverse effect.
• Volatility in the prices and availability of key raw materials and operating inputs, and constraints on the ability to recover cost increases, could materially and adversely affect business operations, financial performance, and profitability.
• The company operates in competitive domestic and export markets, and competition from larger, better-resourced or technologically advanced players may adversely affect market share, pricing, margins, and growth prospects.
• The company's product portfolio is concentrated in catalysts, adsorbents and ceramic balls, and any decline in demand for these product categories could materially and adversely affect business, financial condition, results of operations and cash flows.
• The company may be unable to attract and retain employees with the requisite skills, expertise and experience, which would adversely affect operations, business growth and financial results.

These are the company's own disclosures, not Alphave's assessment. Read the offer document →

What this page will not tell you

Whether to apply

Alphave is NISM-certified, not a SEBI-registered research analyst. There is no rating, verdict or recommendation on this issue anywhere on this page.

What it will list at

Nobody knows, and GMP is not a forecast of it. It is an unofficial over-the-counter quote reported by third parties, shown here with its source time so you can judge how stale it is.

Your allotment

Allotment is decided by the registrar (MUFG Intime India Pvt.Ltd.) after the issue closes. Track the whole calendar in the IPO Centre.

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