Market capitalisation is the post-issue share count in the offer document’s capital structure (1,35,88,000 shares) multiplied by the upper end of the price band, ₹118. It is arithmetic on those two filed figures, not a valuation.
Post-issue pattern as filed with the BSE. Pre-issue register from the RHP capital structure, cross-checked against exchange data. Pre-issue percentages are taken from the disclosure, never estimated.
The minimum application is 2,400 shares, ₹2,83,200 at the ₹118 cut-off. Since 1 July 2025 SME issues take a minimum application of ₹2,00,000 or more from individual investors; the HNI minimum is set in the RHP. Amounts are shown at the upper band because applications are made at the cut-off price.
Devson Catalyst DRHP & RHP offer documents
The draft red herring prospectus is filed with SEBI before the issue; the red herring prospectus adds the price band and dates just before bidding opens. Both describe the business, the restated financials, the risk factors and how the proceeds will be used.
Devson Catalyst IPO Strengths & Risks as disclosed in the DRHP
▲ Strengths (7)
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 (7)
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.
Allotment is decided and published by the issue’s registrar, not by the exchange and not by alphave. For Devson Catalyst, the registrar is MUFG Intime India Pvt.Ltd. — allotment is finalised in the days between the issue closing on 13 Jul 2026 and listing on 16 Jul 2026.
By MUFG Intime India Pvt.Ltd.; check with PAN, application no. or DP ID
Refunds & UPI unblockTentative
Wed, 15 Jul, 2026
Unallotted amounts released · allotted shares credited to demat
Listing
Thu, 16 Jul, 2026
NSE SME · trading from 10:00 am IST
Allotment and refund dates follow SEBI’s T+3 listing timeline in trading days and are tentative until the registrar and the exchange confirm them. alphave does not hold allotment results — only the registrar can show whether an application was allotted.
The registrar publishes allotment on its own portal: MUFG Intime. Your bank will also show the blocked amount released if shares were not allotted.
Devson Catalyst DRHP & RHP FAQs
Where can I read the Devson Catalyst DRHP or RHP?
The offer document for the Devson Catalyst IPO is linked on this page as filed with the exchange; SEBI and the lead managers also host it.
What is a DRHP?
The Draft Red Herring Prospectus is the document a company files with SEBI before an IPO. It describes the business, the financials, the risk factors, the promoters and how the money raised will be used. The Red Herring Prospectus (RHP) is the version filed just before the issue opens, with the price band and dates added.
What are the strengths disclosed in the Devson Catalyst DRHP?
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 page lists all 7 as disclosed.
What are the key risks disclosed in the Devson Catalyst DRHP?
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. The page lists all 7 disclosed risk factors.
Devson Catalyst IPO Registrar where allotment and refund queries go
RegistrarMUFG Intime India Pvt.Ltd.
The registrar processes the allotment and the refunds. Contact details are as printed in the offer document; the exchange and your broker cannot change an allotment.
How to Apply for the Devson Catalyst IPO ASBA and UPI, as SEBI sets them
Apply through your broker’s IPO window or your bank’s net banking (ASBA). The money stays in your own account and is only blocked until allotment.
Choose the number of lots and bid at the cut-off price. SME issues take a minimum application of two lots, so the smallest valid bid is the amount shown in the lot table above.
If you applied through a broker, approve the UPI mandate in your payment app. The mandate must be approved by 5 pm on the day after your bid, and by 5 pm on the closing day for bids made on the last day (13 Jul 2026).
One application per PAN. A second application under the same PAN is rejected, and both may be.
After allotment the blocked amount is released for shares not allotted. Allotment and refund queries go to the registrar, MUFG Intime India Pvt.Ltd., not to the exchange or the broker.
What is GMP in an IPO?
Grey Market Premium is the price at which an unlisted IPO application or share changes hands informally, before the stock is listed on the exchange. It is quoted as a rupee figure over the issue price: a premium of ₹49 on a ₹118 upper band means the grey market is dealing at ₹167.
The grey market is an over-the-counter market between private dealers. It is not operated or supervised by NSE, BSE or SEBI, no trade is settled through a clearing corporation, and no dealer is obliged to publish or honour a quote. Figures are collected by third-party reporters and different sources routinely disagree, which is why a premium can move sharply within a day or vanish entirely once bidding closes.
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.