← All IPOs

Devson Catalyst IPO GMP

SMEListed
DEVSON · · NSE SME

Updated · GMP, subscription and listing data refresh through the day.

Devson Catalyst IPO Details

RegistrarMUFG Intime India Pvt.Ltd.
Lead managersJJ IPO Advisors Pvt.Ltd
Offer documentDraft (DRHP)
Fresh issue₹39.39 Cr
Offer for sale₹2.95 Cr
Market cap at the offer₹160.338 Cr

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.

Devson Catalyst Financials ₹ in crore

Revenue CAGR+20.2%2023 → 2026 · 3 yrs
Profit CAGR+74.9%2023 → 2026 · 3 yrs
Expenses CAGR+10.6%2023 → 2026 · 3 yrs
Total assets CAGR+37.9%2023 → 2026 · 3 yrs
00%2513%5025%7538%10050%2023202420252026
₹ crore2023202420252026
Revenue₹32.75₹43.75₹53.54₹56.84
Expenses₹29.58₹38.07₹43.16₹40.01
Net profit (PAT)₹2.34₹4.08₹7.67₹12.52
PAT margin7.1%9.3%14.3%22.0%
Total assets₹15.89₹21.49₹27.38₹41.63

Devson Catalyst Shareholding before & after the IPO

Before the IPO
Pre-issue · RHP capital structure
100%
Promoter
After the IPO
Post-issue · as filed 15 Jul 2026
73.59%
Promoter
Promoter & promoter groupafter the IPO
Holding73.59%
Shares1,00,00,000
Through the IPO-26.41% · exiting

The founding owners and their group entities.

Breakdown as filed
Individuals / HUF73.59%1,00,00,000

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.

Devson Catalyst IPO Lot Size & Minimum Investment by investor category

ApplicationSharesAmount at ₹118
Individual investor (min)minimum application2,400₹2,83,200

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 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.

How to check Devson Catalyst IPO allotment status

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.

RegistrarMUFG Intime India Pvt.Ltd.
You will needPAN, application number or demat ID
Issue closes13 Jul 2026
Listing date16 Jul 2026
Issue opens
Thu, 09 Jul, 2026
Bidding 10:00 am – 5:00 pm IST
Issue closes
Mon, 13 Jul, 2026
Last day to bid · UPI mandate by 5:00 pm
Allotment finalisedTentative
Tue, 14 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 IPO GMP FAQs

What is Devson Catalyst IPO GMP today?

No current grey market premium reading is being quoted for the Devson Catalyst IPO — the issue has listed and the grey market stops quoting once shares trade on the exchange. The day-wise history on this page shows every reading we recorded. GMP is an unofficial, unregulated datapoint reported by third parties — not a price, a prediction, or investment advice.

Is Devson Catalyst IPO GMP a guarantee of the listing price?

No. The grey market is an informal, over-the-counter market between private dealers that is not operated or supervised by NSE, BSE or SEBI. No trade settles through a clearing corporation and no dealer is obliged to honour a quote, so the premium can change sharply within a day or disappear after bidding closes.

How often is Devson Catalyst IPO GMP updated on alphave?

Readings are collected about once an hour from third-party grey-market reporters while the issue is open, and each reading is timestamped. The history table shows one row per day, with the number of readings behind it.

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

  1. 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.
  2. 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.
  3. 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).
  4. One application per PAN. A second application under the same PAN is rejected, and both may be.
  5. 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.