Devson Catalyst

Book Building issueSMEBSE SME₹42.34 Cr issue
+66.23%
Listing gain over issue price
Price band
₹112 – ₹118
Issue size
₹42.34 Cr
1 lot at cut-off
₹1,41,600
Lot size
1,200shares
Open
09 Jul 2026
Close
13 Jul 2026
Allotment
14 Jul 2026
Listing
16 Jul 2026

Listing performance

Issue price
₹118
Listed at
₹196.15
Listing-day close
Latest price
Listing gain
+66.23%

Scheduled dates

Tentative timetable — a past date is not confirmation the step completed

  1. Open
    09 Jul 2026
  2. Close
    13 Jul 2026
  3. Allotment
    14 Jul 2026
  4. Refund
    15 Jul 2026
  5. Demat credit
    15 Jul 2026
  6. Listing
    16 Jul 2026

Grey market premium

Unofficial and indicative — not a forecast

₹49 +41.53%
17 Jul, 05:20 pm
02 Jul 2026 Range ₹0 – ₹51 over 15 days 16 Jul 2026
Day-wise premium · 15 observations
DateGMP%SaudaEst. listingGain / lot
16 Jul 2026₹49₹44,700₹58,800
15 Jul 2026₹49₹44,700₹58,800
14 Jul 2026₹51₹46,500₹61,200
13 Jul 2026₹49₹44,700₹58,800
12 Jul 2026₹45₹41,000₹54,000
11 Jul 2026₹45₹41,000₹54,000
10 Jul 2026₹45₹41,000₹54,000
09 Jul 2026₹45₹41,000₹54,000
08 Jul 2026₹50₹45,600₹60,000
07 Jul 2026₹36₹32,800₹43,200
06 Jul 2026₹46₹42,000₹55,200
05 Jul 2026₹40₹36,500₹48,000
04 Jul 2026₹19₹17,300₹22,800
03 Jul 2026₹8₹7,300₹9,600
02 Jul 2026₹8₹7,300₹9,600

Gain per lot assumes the premium holds to listing and that the application is allotted — allotment in an oversubscribed issue is a lottery, so it is indicative, not expected. Sauda is the rate paid for a submitted application itself.

Issue details

IPO date
09 Jul 2026 – 13 Jul 2026
Listing date
16 Jul 2026
Face value
₹10 per share
Price band
₹112 – ₹118
Issue price
₹118 per share
Lot size
1,200 shares
Sale type
Fresh capital cum OFS
Issue type
Book Building issue
Listing at
BSE SME
Total issue size
₹42.34 Cr
Fresh issue
₹37.26 Cr 31,58,000 shares
Offer for sale
₹2.95 Cr 2,50,000 shares
Market cap at offer price
₹160 Cr
Promoter holding
100.00% → 73.59% pre-issue → post-issue
ISIN
INE2KRP01017
Registrar
MUFG Intime India Pvt.Ltd.
Lead managers
JJ IPO Advisors Pvt.Ltd.
Registered office
Plot No 213 To 218 and 233 To 237,, Phase II, Ambawadi, GIDC, Wadhwancity,, Gujarat

Reservation and application size

How the issue is split between investor categories, and what each may bid

Investor categoryShares% of net% of total
Anchor investor · within QIB10,00,800
Market maker 1,80,000

Application size

Minimum 1,200 shares per lot, in multiples, at ₹118

ApplicationLotsSharesAmount
Retail (min)11,200₹1,41,600
S-HNI (min)22,400₹2,83,200
S-HNI (max)78,400₹9,91,200
B-HNI (min)89,600₹11,32,800

Category limits

CategoryBid sizeCut-off
Retail (RII)Up to ₹2 lakhYes
Small HNI (sNII)₹2 lakh – ₹10 lakhNo
Big HNI (bNII)Above ₹10 lakhNo
EmployeeUp to ₹5 lakhYes

Bidding at cut-off means accepting the final issue price without naming one. Only retail and employee applicants may do so.

Anchor investors

Institutional allocation placed a day before the issue opens, carved out of the QIB portion and locked in after listing.

Shares allocated
10,00,800
Anchor portion
₹11.81 Cr
at ₹118 per share

Valuation and performance

Valuation at offer price

₹118 per share

MetricPre-issuePost-issue
EPS (₹)12.229.21
P/E (×)9.6612.81
Price to book (×)5.76
Market cap₹160 Cr

Key performance indicators

Latest reported period

Return on net worth
37.38%
ROCE
47.60%
Debt / equity
0.07
EBITDA margin
29.49%
NAV per share
₹32.68
Price to book
5.76

Single period as reported. Year-on-year movement is in the financials table below, where every period is published.

Disclaimer. Figures are compiled from the issuer's offer document and exchange-published bidding data. Subscription changes until the issue closes, and the final basis of allotment is published by the registrar. Grey Market Premium is unofficial, indicative data from unregulated grey-market dealers — it is not published by NSE, BSE, SEBI or the issuer, and is not a forecast of the listing price. Nothing here is investment advice or a recommendation; read the offer document and consult a SEBI-registered adviser before applying.