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Complete IPO details, including price band, financials, subscription status, and key insights.
Participate in the Devson Catalyst Ltd IPO with full transparency. Review issue details, company fundamentals, and financial performance, and apply securely through Alice Blue.
Key metrics and details at a glance.
Price Band
₹118
Per ShareLot Size
1200 Shares
Minimum Investment
₹1,41,600
Issue Size
₹42.34 Cr
Face Value
₹10
Per ShareIPO Type
Book Building - SME
Retail Quota
35.17%
QIB Quota
49.75%
NII Quota
15.08%
Important dates for your applying strategy.
Business model, operations, and market positioning.
Promoter Holding (Pre-Issue)
100%
Promoter Holding (Post-Issue)
74.97%
Issue Type
Book Building - SME
ISIN
INE2KRP01017
Devson Catalyst Limited is an ISO 9001:2015 and ISO 45001:2018 certified company and 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 approximately 6,205.00 metric tons.
India's industrial catalyst and adsorbent industry is a key enabler for sectors such as oil refining, petrochemicals, fertilizers, chemicals, and pharmaceuticals, where catalysts improve reaction efficiency, product yield, and environmental compliance. Demand is closely linked to capacity expansion in these industries as India strengthens its position as a global hub for refining and specialty chemical manufacturing. The industrial catalyst market in India is estimated to grow at a CAGR of approximately 6%-7% over FY2025-FY2031, supported by refinery modernization, petrochemical capacity additions, and stricter environmental regulations. Catalysts, adsorbents, and reactor support media such as activated alumina, molecular sieves, and inert ceramic balls are widely used in purification, dehydration, sulphur removal, and hydroprocessing applications. These materials enhance process efficiency, protect downstream equipment, and extend catalyst life in industrial operations. Increasing focus on cleaner fuels, emission control, and process optimization is further driving the adoption of advanced catalytic systems. As industrial production expands and environmental standards become more stringent, demand for specialized catalysts and adsorbents is expected to increase. Overall, the industry is positioned as a critical contributor to India's industrial efficiency and energy-transition objectives.
Revenue, profit after tax and total assets across the last 3 reported financial years.
Amount in ₹ crore
How the company plans to utilize IPO proceeds.
The funds raised through this IPO will be used for:
Initial public offer of 35,88,000 equity shares of face value of Rs. 10/- each of Devson Catalyst Limited ("DCL" or the "Company" or the "Issuer") for cash at a price of Rs. 118 per equity share including a share premium of Rs. 108 per equity share (the "Offer Price") comprising of a fresh offer of 33,38,000 equity shares at a price of Rs. 118 aggregating to Rs. 39.39 Crores (the "Fresh Issue") and an offer for sale of 2,50,000 equity shares by the selling shareholders ("Offer For Sale") at a price of Rs. 118 aggregating to Rs. 2.95 Crores, of which 1,80,000 equity shares of face value of Rs. 10/- each for cash at a price of Rs. 118 per equity share including a share premium of Rs. 108 per equity share aggregating to Rs. 2.12 Crores will be reserved for subscription by market maker to the offer (the "Market Maker Reservation Portion") and 64,800 equity shares of face value of Rs. 10/- each for cash at a price of Rs. 118 per equity share including a share premium of Rs. 108 per equity share aggregating to Rs. 0.76 Crores will be reserved for subscription by eligible employees (the "Employee Reservation Portion"). The offer less the market maker reservation portion and employee reservation portion i.e. Net offer of 33,43,200 equity shares of face value of Rs. 10/- each at a price of Rs. 118 per equity share including a share premium of Rs. 108 per equity share aggregating to Rs. 39.45 Crores is herein after referred to as the "Net Offer". The offer and the net offer will constitute 26.41% and 24.60%, respectively, of the post offer paid up equity share capital of the company. The face value of the equity shares is Rs. 10/- each. Price Band: Rs. 118/- per equity share of face value Rs. 10/- each. The floor price is 11.8 times of the face value of the equity shares. Bids can be made for a minimum of 2400 equity shares and in multiples of 1200 equity shares thereafter.
*Subject to approvals and market conditions.
Key competitive advantages and factors to consider before investing.
Live demand across investor categories.
Track real-time subscription levels:
*Real-time data subject to exchange updates
Our Company was originally incorporated as "'Devson Insulators Private Limited" as a Private Limited Company under the Provisions of the Companies Act, 1956 vide Certificate of Incorporation dated September 10, 2004 from the Registrar of Companies, Gujarat, Dadra & Nagar Haveli. Later, the name of our company was changed from "'Devson Insulators Private Limited" to "Devson Catalyst Private Limited" pursuant to a resolution passed in the Extra Ordinary General Meeting held on June 16, 2017 and fresh Certificate of Incorporation was issued by Registrar of Companies, Ahmedabad on July 12, 2017. Further, pursuant to special resolution passed by the members in the Extra Ordinary General Meeting dated October 27, 2025, our company has been converted from Private limited to Public Limited and a fresh Certificate of Incorporation was issued by Registrar of Companies, Central Processing Centre on November 06, 2025. Consequently, the name of Company changed from "Devson Catalyst Private Limited" to "Devson Catalyst Limited". The Corporate Identification Number of the Company is U31300GJ2004PLC044722.
Amount in ₹ crore
Amount in ₹ crore
Figures in ₹ crore, on a standalone basis, as reported for FY24 to FY26.