DEVSON CATALYST LIMITED
SMEBSE
Issue details
Price band
₹112 - ₹118
Lot size
1,200 shares
Issue size
₹42 Cr
Min. investment
₹1,41,600
Registrar
MUFG Intime India
Grey market premium
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IPO Timeline
Open
9 Jul
Close
13 Jul
Allotment
14 Jul
Listing
16 Jul
- Refunds & demat credit
- 15 Jul 2026
- Mandate end
- 28 Jul 2026
We calculate these dates from the allotment and close dates, so please treat them as indicative.
Application size
| Category | Minimum | Maximum |
|---|---|---|
| Retail | 1,200shares 1 lot · ₹1,41,600 | 1,200shares 1 lot · ₹1,41,600 |
| HNI | 2,400shares 2 lots · ₹2,83,200 | No limit funds permitting |
Based on the upper price band of ₹118 and a lot of 1,200 shares.
Issue structure
Face value
₹10 per share
Issue type
Bookbuilding IPO
Sale type
Fresh capital cum OFS
Fresh issue
₹37 Cr
31,58,000 shares
Offer for sale
₹3 Cr
2,50,000 shares
Shares pre-issue
1,02,50,000
Shares post-issue
1,35,88,000
Reservation
- QIB
- 16,63,200
- NII
- 5,04,000
- Retail
- 11,76,000
- Employee
- 64,800
Valuation & ratios
| Metric | Pre-IPO | Post-IPO |
|---|---|---|
| EPS | 12.22 | 9.21 |
| P/E | 9.66 | 12.81 |
| Market cap | ₹120.95 Cr. | ₹279.84 Cr |
| KPI | Mar 31, 2026 |
|---|---|
| ROE | 45.97% |
| ROCE | 47.60% |
| Debt/Equity | 0.07 |
| RoNW | 37.38% |
| EBITDA Margin | 29.49% |
| NAV | 32.68 |
| Price to Book Value | 5.76 |
Financials
| Metric | 31 Mar 2026 | 31 Mar 2025 | 31 Mar 2024 |
|---|---|---|---|
| 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 |
| Assets | 41.63 | 27.38 | 21.49 |
| Reserves & surplus | 23.25 | 20.73 | 13.06 |
| Total borrowing | — | 2.78 | 4.17 |
Figures in ₹ crore, as reported by the company in its offer document.
Objects of the issue
- 1.Funding the Capital Expenditure requirements towards setting up of a new manufacturing unit₹17.4 Cr
- 2.Funding the working capital requirements of the Company₹12 Cr
- 3.General corporate purposes₹5.69 Cr
- 4.Issue Expenses₹4.63 Cr
What the company says it intends to do with the money raised.
Recent comparable IPOs
| Company | Issue price | P/E | Listing close | Listing gain |
|---|---|---|---|---|
| Vahh Chemicals Ltd.SME | ₹60 | 7.15 | ₹66.50 | +10.83% |
| Biopol Chemicals Ltd.SME | ₹108 | 19.73 | ₹105.50 | -2.31% |
| Neochem Bio Solutions Ltd.SME | ₹98 | 15.85 | ₹111.80 | +14.08% |
| Speb Adhesives Ltd.SME | ₹56 | 16.73 | ₹57.00 | +1.79% |
| SK Minerals & Additives Ltd.SME | ₹127 | 10.45 | ₹152.25 | +19.88% |
| Shlokka Dyes Ltd.SME | ₹91 | 13.69 | ₹85.50 | -6.04% |
| Snehaa Organics Ltd.SME | ₹122 | 12.47 | ₹115.90 | -5.00% |
| Renol Polychem Ltd.SME | ₹105 | 11.54 | ₹99.75 | -5.00% |
| Mehul Colours Ltd.SME | ₹72 | 9.87 | ₹86.03 | +19.49% |
| Patel Chem Specialities Ltd.SME | ₹84 | 14.21 | ₹104.50 | +24.40% |
| Sudeep Pharma Ltd.Mainboard | ₹593 | 47.61 | ₹774.15 | +30.55% |
| Gem Aromatics Ltd.Mainboard | ₹325 | 28.52 | ₹319.05 | -1.83% |
Past listing performance of comparable issues. This is not a forecast: listing gains vary widely and can turn negative.
Issue fundamentals compiled from the company's offer document via Chittorgarh, last read 27 Sep 2026. Always verify against the RHP before applying.