Devson Catalyst IPO Subscribed 219.44 Times on Day 3

Devson Catalyst Limited's initial public offering (IPO) recorded an overall subscription of 219.44 times by 5:04 PM on Day 3 (July 13, 2026). The ₹13.93 crore book-built issue received bids for 52,82,41,200 shares against 24,07,200 shares on offer, with overwhelming demand across all investor categories, led by NIIs, individual investors, and QIBs.

Invest in Indian Markets and Unlock Future Potential With 5paisa!

Open Account Now

Subscription Devson Catalyst IPO

Here are the subscription details for Devson Catalyst IPO Day 3, as of 5:04 PM:

Key Highlights – Day 3

• Overall subscription surged to 219.44 times on Day 3 from 29.35 times on Day 2, driven by exceptional participation across QIB, NII, and individual investor categories.
• Non-Institutional Investors (NIIs) emerged as the strongest category, with subscription soaring to 261.00 times from 36.48 times on Day 2, reflecting overwhelming HNI demand.
• Individual investors subscribed 242.32 times, rising sharply from 42.92 times on Day 2, indicating robust retail participation on the final day.
• Qualified Institutional Buyers (QIBs) (excluding anchor investors) witnessed subscription jump to 168.56 times from 2.60 times on Day 2, signalling strong institutional confidence.
• Employee reservation closed with a subscription of 1.06 times, improving from 0.81 times on Day 2.

Key Highlights – Day 2

• Overall subscription climbed to 29.35 times on Day 2 from 8.08 times on Day 1, supported by a sharp increase in participation across all investor categories.
• Non-Institutional Investors (NIIs) surged to 36.48 times from 10.59 times on Day 1, emerging as the most subscribed category.
• Individual investors subscribed 42.92 times, up from 10.99 times on Day 1, reflecting strong retail enthusiasm.
• Qualified Institutional Buyers (QIBs) improved to 2.60 times from 1.72 times on Day 1, crossing full subscription comfortably.
• Employee category improved marginally to 0.81 times from 0.72 times, remaining below full subscription.

Key Highlights – Day 1

• Overall subscription reached 8.08 times on Day 1 (July 9, 2026), indicating a strong opening response from investors.
• Individual investors led demand with a subscription of 10.99 times on the opening day.
• Non-Institutional Investors (NIIs) subscribed 10.59 times, reflecting robust HNI participation from Day 1.
• Qualified Institutional Buyers (QIBs) subscribed 1.72 times, comfortably crossing full subscription on the first day.
• Anchor investors fully subscribed their allocation of ₹11.81 crore ahead of the IPO opening, while the market maker portion was also fully subscribed.

About Devson Catalyst Limited

Incorporated in 2003, Devson Catalyst Limited is engaged in the manufacturing and supply of industrial catalysts, adsorbents and specialty chemicals used across sectors such as petrochemicals, refineries, fertilisers, chemicals and environmental applications. The company offers customised catalyst solutions and serves a diversified customer base in India and overseas through its manufacturing facilities, focusing on quality, process innovation and long-term customer relationships.