About Devson Catalyst
Devson Catalyst Limited IPO
Devson Catalyst Limited is launching its Initial Public Offering (IPO) on the BSE SME platform.
Devson Catalyst IPO Key Details
- IPO Dates: July 9, 2026 – July 13, 2026
- Price Band: ₹112 to ₹118 per share
- Lot Size: 1,200 shares (Minimum retail investment requires 2 lots/2,400 shares, totaling ₹2,83,200)
- Total Issue Size: ₹42.34 crore (Comprising a Fresh Issue of ₹39.39 crore and an Offer for Sale of ₹2.95 crore)
- Tentative Listing Date: July 16, 2026
Financial Performance (By Financial Year)
The company has shown an impressive upward trajectory in its revenue and profitability over the last three financial years (amounts in ₹ Crores):
| Financial Year | Total Income | Profit After Tax (PAT) | Net Worth | Total Borrowings |
|---|---|---|---|---|
| FY 2025-26 (FY26) | ₹55.77 Cr | ₹12.52 Cr | ₹33.50 Cr | — |
| FY 2024-25 (FY25) | ₹53.19 Cr | ₹7.67 Cr | ₹20.98 Cr | ₹2.78 Cr |
| FY 2023-24 (FY24) | ₹43.46 Cr | ₹4.08 Cr | ₹13.36 Cr | ₹4.17 Cr |
Key Financial Takeaways:
- Profit Boom: The company’s net profit (PAT) more than tripled from ₹4.08 crore in FY24 to ₹12.52 crore in FY26.
- Margin Expansion: Its EBITDA margins scaled remarkably from 15.29% in FY24 to 29.49% in FY26.
- Debt Reduction: The company has systematically cleared its total borrowings, bringing its debt down to effectively zero by the end of FY26.
About the Company & Objectives
Established in 2004 and based in Gujarat, Devson Catalyst manufactures industrial catalysts, adsorbents, and ceramic balls. These products are crucial for improving process efficiency and removing impurities in the oil & gas, petrochemical, steel, and fertilizer industries.
The company plans to utilize the net proceeds from the fresh issue to set up a new manufacturing unit, fund working capital requirements, and cover general corporate expenses.