How to Check Devson Catalyst IPO Allotment Status

Devson Catalyst Limited was originally incorporated in 2004 as Devson Insulators Private Limited. The company later changed its name to Devson Catalyst Private Limited in 2017 and became Devson Catalyst Limited in 2025. 

The company is an ISO 9001:2015 and ISO 45001:2018 certified manufacturer of catalysts, adsorbents and ceramic balls used in industrial processes. Its products are used to improve process efficiency and remove impurities from gases and liquids across oil and gas refineries, petrochemicals, steel, fertilizers and other industrial processing sectors. 

Devson Catalyst operates a manufacturing facility at GIDC Wadhwan City, Surendranagar, Gujarat. The facility has an installed manufacturing capacity of 6,205 metric tons per annum and includes in-house R&D and quality-control capabilities. Its portfolio includes chloride guard catalysts, sulphur guard, Claus catalysts, hydrotreating catalysts, reforming catalysts, activated alumina, molecular sieves, ceramic balls and ceramic tower packing materials. 

The company serves both domestic and international markets. In FY 2026, exports accounted for 37.30% of revenue from operations, while domestic sales accounted for 62.70%.

About the Devson Catalyst IPO 

Devson Catalyst IPO is a book-built SME IPO of ₹42.34 crore. The issue comprises a fresh issue of 33,38,000 shares aggregating to ₹39.39 crore and an offer for sale of 2,50,000 shares aggregating to ₹2.95 crore. The IPO opened for subscription on July 9, 2026 and closed on July 13, 2026. The basis of allotment is expected to be finalised on July 14, 2026. The price band was fixed at ₹112 to ₹118 per share, and the shares are proposed to be listed on BSE SME. 

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Steps to Check Devson Catalyst IPO Allotment Status on Registrar Site

• Visit the MUFG Intime India IPO allotment status page. 
• Select Devson Catalyst Limited from the company dropdown. 
• Enter PAN, application number, DP/Client ID or account details. 
• Complete the captcha and submit to view the allotment status.

Steps to Check Devson Catalyst IPO Allotment Status on BSE

• Visit the BSE IPO allotment status page. 
• Select Equity as the issue type. 
• Choose Devson Catalyst Limited from the issue name list. 
• Enter application number and PAN. 
• Complete captcha and click Search to check the allotment status. 

Devson Catalyst IPO was subscribed 219.67 times on July 13, 2026, based on Day 3 subscription data. The issue saw strong demand from QIB, NII and Individual Investor categories.

Devson Catalyst IPO Subscription Status

• The QIB portion was subscribed 168.56 times on Day 3. 
• The NII portion was subscribed 261.05 times, led by 286.50 times subscription in the above ₹10 lakh category. 
• Individual Investors subscribed 242.76 times, while the employee portion was subscribed 1.06 times.

Devson Catalyst IPO Share Price and Investment Details

Devson Catalyst IPO price band was ₹112 to ₹118 per share. The lot size was 1,200 shares, while individual investors were required to apply for a minimum of 2 lots, or 2,400 shares, amounting to ₹2,83,200 at the upper price band. The anchor investor portion saw subscription of 10,00,800 equity shares at ₹118 per share. The issue included a market maker reservation of 1,80,000 shares and an employee reservation portion of 64,800 shares. Given the 219.67 times overall subscription, listing expectations remain strong, subject to broader market conditions and final allotment demand.

Utilisation of IPO Proceeds

The company will not receive any proceeds from the offer-for-sale portion, which will go to the selling shareholders after expenses. The net proceeds from the fresh issue are proposed to be used for capital expenditure towards setting up a new manufacturing unit, working capital requirements and general corporate purposes. The RHP estimates ₹1,739.84 lakh for the new manufacturing unit and ₹1,200.00 lakh for working capital.

Business Overview

Devson Catalyst is positioned as an indigenous manufacturer in the catalyst, adsorbent and ceramic support materials segment, with products used in process industries that have technical entry barriers and strict quality requirements. Its manufacturing base in Gujarat, integrated product portfolio and export presence support its positioning in a specialised industrial category. 

The company’s revenue and profitability have improved over the last three reported years. Revenue from operations increased from ₹43.47 crore in FY 2024 to ₹55.78 crore in FY 2026. Profit after tax rose from ₹4.08 crore in FY 2024 to ₹12.52 crore in FY 2026. Total income stood at ₹56.84 crore in FY 2026, compared with ₹53.54 crore in FY 2025 and ₹43.75 crore in FY 2024. 

The company’s net worth stood at ₹33.50 crore as of March 31, 2026. Its strengths include domestic manufacturing capabilities, a product range covering catalysts, adsorbents and ceramic balls, established customer relationships, exports to multiple countries, a Gujarat-based facility with 6,205 MT annual capacity and a record of profitability. PAT grew 63.20% year-on-year in FY 2026, while revenue from operations grew 4.86% during the same period. 

Investors should also note the risks. The company has customer concentration, with the top 10 customers accounting for 76.03% of FY 2026 revenue from operations. Its business is also exposed to raw material price changes, quality requirements from institutional buyers, export currency movements and the need to keep pace with product development in a technical industry. 

Check the latest IPO allotment status to stay informed.