July 09, 2026: The Devson Catalyst IPO opened for subscription today, offering investors an opportunity to invest in an SME company engaged in the manufacturing of catalysts, adsorbents and ceramic balls used across industries such as oil & gas, petrochemicals, fertilizers and chemicals. The company aims to raise ₹42.34 crore through its public issue.
Author: Aadarsh Patel | EQMint
The Devson Catalyst IPO will remain open until July 13, 2026, and the shares are proposed to be listed on the BSE SME platform on July 16, 2026.
Key IPO Details of Devson Catalyst IPO
- Issue Size: ₹42.34 crore
- Issue Type: Book Built Issue (Fresh Issue + OFS)
- Fresh Issue: ₹39.39 crore
- Offer for Sale (OFS): ₹2.95 crore
- Price Band: ₹112–₹118 per share
- Face Value: ₹10 per share
- Lot Size: 1,200 shares
- Minimum Investment: ₹1,41,600
- IPO Opens: July 9, 2026
- IPO Closes: July 13, 2026
- Expected Allotment: July 14, 2026
- Expected Listing: July 16, 2026
- Listing Exchange: BSE SME
About the Company
Devson Catalyst is an ISO-certified manufacturer of industrial catalysts, adsorbents and ceramic support media used in refining, petrochemical, fertilizer and gas-processing industries. Its products play a key role in purification, sulphur removal, dehydration and other industrial processes.
Objects of the Issue
The company intends to utilize the IPO proceeds for:
- Setting up a new manufacturing facility
- Funding working capital requirements
- Meeting general corporate purposes
GMP Watch
According to grey market trackers, Devson Catalyst IPO is commanding a Grey Market Premium (GMP) of around ₹36, implying a premium of nearly 30% over the upper price band. While this indicates positive market sentiment, GMP is unofficial and should not be considered a guarantee of listing performance.
EQMint Analysis
Devson Catalyst operates in a niche industrial segment that benefits from increasing investments in refining, petrochemicals and specialty chemicals. The proposed capacity expansion through the IPO could support future growth and improve the company’s manufacturing capabilities.
The healthy grey market premium reflects positive investor sentiment ahead of the subscription period. However, investors should evaluate the company’s financial performance, customer concentration and industry risks before making an investment decision.
Current View
Devson Catalyst IPO enters the market with positive grey market sentiment and exposure to a specialized manufacturing business. If the company witnesses strong retail and HNI participation over the next few days, the issue could emerge as one of the better-performing SME IPOs of the month.
For more such information visit EQMint
Join our Whatsapp channel for timely updates: Whatsapp
Disclaimer: This article is not an investment advice and is for educational purpose only.
