BSE List Price : ₹196.15

subscription

Category	Times
QIBs	168.56x
HNIs	261.58x
Retail	244.03x
Total : 226.49x

IPO Market Lot(s) Distribution

Application	Lot Size	Shares	Amount
Retail Minimum	2	2,400	₹283,200
Retail Maximum	2	2,400	₹283,200
S-HNI Minimum	3	3,600	₹424,800
S-HNI Maximum	7	8,400	₹991,200
B-HNI Minimum	8	9,600	₹1,132,800

About the Company

Devson Catalyst is among the prominent indigenous manufacturers of catalysts, adsorbents, and ceramic balls, which are essential materials used across various industrial applications. The company operates a manufacturing facility in Surendranagar, Gujarat, equipped with modern machinery and infrastructure, with an installed production capacity of 6,205 MT per annum.

The company follows a B2B business model, catering to institutional and industrial customers across multiple industries, including oil & gas refineries, petrochemicals, steel, fertilizers, and other process industries. Devson Catalyst markets and supplies its products to customers in both domestic and international markets.

Company Financial Report

_{Amount ₹ in Crores}

Period Ended	Revenue	Expense	PAT	Assets
2023	₹32.75	₹29.58	₹2.34	₹15.89
2024	₹43.75	₹38.07	₹4.08	₹21.49
2025	₹53.54	₹43.16	₹7.67	₹27.38
2026	₹56.84	₹40.01	₹12.52	₹41.63

Company Promoter

Pratapbhai Devjibhai Siyania

Prahladbhai Devjibhai Shiyaniya

Patel Savan Prahladbhai

Patel Krishna Savanbhai

Know before investing

• • Strengths

  Modern Production Infrastructure: Operates well-equipped manufacturing facilities with advanced technology, enabling efficient operations and maintaining consistent product quality.

  Domestic and International Market Reach: Supplies products to customers across domestic and global markets, leveraging strong regional expertise and a diversified customer portfolio.

• • Risks

  Dependence on Key Suppliers: The company relies on a limited number of vendors for the procurement of critical raw materials without long-term supply contracts. Any disruption in supply or inability of these vendors to meet requirements may adversely affect manufacturing and business operations.

  Risk Associated with Tender-Based Orders: A substantial portion of the company's business is generated through competitive tendering. Failure to secure new tenders or the cancellation or premature termination of existing contracts could adversely impact its revenue and profitability.

Objects of the Issue & Utilisation of proceeds

Funding the Capital Expenditure requirements towards setting up of a new manufacturing unit

Funding the working capital requirements of the Company

General Corporate Purpose

Company  Address

Devson Catalyst Ltd.
Plot No 213 To 218 and 233 To 237,
Phase II, Ambawadi, GIDC
Wadhwancity,
Surendranagar, Gujarat, 363030
Phone: 91 7201010244
Email: info@devsongroup.com
Website: https://www.devsongroup.com/

IPO Registrar

MUFG Intime India Pvt.Ltd.
Phone: +91-22-4918 6270
Email: devsoncatalyst.smeipo@in.mpms.mufg.com
Website: https://in.mpms.mufg.com/Initial_Offer/public-issues.html

IPO Review

May Apply