Devson Catalyst Limited IPO Details

Factual IPO information from public filings. Not investment advice.

Issue Details

Price Band: ₹112 – ₹118
Lot Size: 1,200 shares
Min. Investment: ₹1,41,600
Total Issue Size: ₹42.34 Cr; 35,88,000 shares
Fresh Issue: ₹39.39 Cr; 33,38,000 shares
Offer for Sale: ₹2.95 Cr; 2,50,000 shares
Face Value: ₹10 per share
Issue Type: Book-built IPO
Listing At: BSE SME
Shares Pre-Issue: 1,02,50,000
Shares Post-Issue: 1,35,88,000

Lot Size & Investment

1 lot = 1,200 shares

Retail (min)

2 lots · 2,400 shares

Retail (max)

2 lots · 2,400 shares

S-HNI (min)

3 lots · 3,600 shares

Application	Lots	Shares	Amount
Retail	2	2,400	₹2,83,200
Small HNI (S-HNI)	3	3,600	₹4,24,800
Big HNI (B-HNI)	8	9,600	₹11,32,800

Financial Performance

Restated figures in ₹ crore, unless stated otherwise

Financial performance by period
Period	Mar-26	Mar-25	Mar-24
Assets	41.63	27.38	21.49
Total Income	56.84	53.54	43.75
Profit After Tax	12.52	7.67	4.08
EBITDA	16.76	10.93	6.69
Net Worth	33.5	20.98	13.36
Reserves & Surplus	23.25	20.73	13.06
Total Borrowing	—	2.78	4.17

Key Performance Indicators

Key performance indicators
Period	Mar-26
ROE (%)	45.97
ROCE (%)	47.6
EPS (₹)	12.22
P/E (pre-issue)	9.66
P/E (post-issue)	12.81

About Devson Catalyst Limited

Devson Catalyst Limited is an indigenous manufacturer of catalysts, adsorbents and ceramic balls used as key materials in various industrial processes The company operates a manufacturing facility in Gujarat with an annual production capacity of around 6,205 metric tons. Its products are supplied to industries such as oil and gas refineries, petrochemicals, steel, fertilizers, and other industrial processing sectors. These materials help improve process efficiency, increase operational reliability, and support more sustainable industrial operations. The company serves customers in both domestic and international markets. The manufacturing unit is located at Plot Nos. 213 to 218 and 233 to 237, Phase II, Ambawadi, GIDC, Wadhwan City, Surendranagar, Gujarat – 363030, India. The facility is equipped with the necessary machinery and infrastructure for production, and the company follows standard operating procedures and internal quality checks to maintain consistent product quality. The facility's total installed manufacturing capacity is 6,205 MT per year. Devson Catalyst Limited operates entirely in thebusiness-to-business (B2B)segment. Its products are supplied mainly to institutional and industrial customers, and the company does not sell directly to individual consumers. This B2B model helps the company plan production and manage its supply chain according to the specific requirements of industrial clients, including product specifications, order schedules, and delivery timelines. Products: Catalyst: A substance that speeds up the chemical reaction without being consumed or permanently changed itself. Adsorbent: It removes unwanted substances from air, gas or liquids by making them stick to its surface. Ceramic Balls: It is a small, hard sphere made from ceramic material that is placed inside industrial reactors and towers. As of May 31, 2026, the company had 56 permanent employees. Competitive Strengths Indigenous manufacturer of catalysts, adsorbents, and ceramic balls in India. Consistent profitability and financial performance in an industry with high entry barriers. Strategically located manufacturing facility with the capability to produce multiple product lines. Operates in an industry with significant entry barriers, supporting long-term business stability. Strong customer relationships and a growing presence in global markets.