Devson Catalyst Ipo
Devson Catalyst IPO Review & Key Points
Review: Neutral
Peer Group Comparison
There are no listed peer companies.
IPO Lead Managers aka Merchant Bankers
JJ IPO Advisors Pvt.Ltd.
| Name of the Company | Face Value (₹) | EPS basic (₹) | EPS Diluted (₹) | RONW (%) | P/E Ratio | NAV (₹) |
| Powerica Limited | 5 | 15.26 | 15.26 | 15.37 % | 24.45 | 99.76 |
| Listed Peers | ||||||
| Cummins India Limited | 2 | 72.15 | 72.15 | 26.45% | 64.13 | 272.78 |
| Kirloskar Oil Engines Limited | 2 | 33.71 | 33.60 | 15.85% | 43.24 | 212.60 |
| NTPC Green Energy Limited | 10 | 0.67 | 0.67 | 2.58% | 129.40 | 21.88 |
| Acme Solar Holdings Limited | 2 | 4.55 | 4.53 | 5.59% | 50.74 | 74.54 |
| Adani Green Energy Limited | 10 | 8.37 | 8.37 | 11.90% | 101.53 | 76.62 |
| IPO Open Date | July 9, 2026 |
| IPO Close Date | July 13, 2026 |
| Face Value | ₹10 Per Equity Share |
| IPO Price Band | ₹112 to ₹118 Per Share |
| Issue Size | Approx ₹42.34 Crores, 35,88,000 Equity Shares |
| Fresh Issue | Approx ₹39.39 Crores, 33,38,000 Equity Shares |
| Offer for Sale: | Approx 2,50,000 Equity Shares |
| Issue Type | Book Building Issue |
| IPO Listing | BSE SME |
| DRHP Draft Prospectus | |
| RHP Draft Prospectus |
| Application | Lot Size | Shares | Amount |
| Retail Minimum | 2 | 2,400 | ₹2,83,200 |
| Retail Maximum | 2 | 2,400 | ₹2,83,200 |
| S-HNI Minimum | 3 | 3,600 | ₹4,24,800 |
| S-HNI Maximum | 7 | 8,400 | ₹9,91,200 |
| B-HNI Minimum | 8 | 9,600 | ₹11,32,800 |
| Investor Category | Share Offered | -% Shares |
| Anchor Investor | 10,00,800 Shares | 28.41% |
| QIB (Ex. Anchor) | 6,62,400 Shares | 18.80% |
| NII Shares Offered | 5,04,000 Shares | 14.31% |
| Retail Shares Offered | 11,76,000 Shares | 33.38% |
| Anchor Bidding Date | July 8, 2026 |
| Anchor Investors List | |
| Shares Offered | 10,00,800 Shares |
| Anchor Size | 11.81 Cr. |
| lock-in period end date 50% shares (30 Days) | Aug 13, 2026 |
| lock-in period end date 50% shares (90 Days) | Oct 12, 2026 |
| IPO Open Date: | July 9, 2026 |
| IPO Close Date: | July 13, 2026 |
| Basis of Allotment: | July 14, 2026 |
| Refunds: | July 15, 2026 |
| Credit to Demat Account: | July 15, 2026 |
| IPO Listing Date: | July 16, 2026 |
| Particular | Shares | % Share |
| Promoter Holding Pre Issue | 1,02,50,000 | 100% |
| Promoter Holding Post Issue | 1,35,88,000 | -% |
| Purpose | Crores |
| Funding the Capital Expenditure requirements towards setting up of a new manufacturing unit | ₹17.40 |
| Funding the working capital requirements of the Company | ₹12.00 |
| General Corporate Purpose | ₹- |
| 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 |
| KPI | Values |
| ROE: | 45.97% |
| ROCE: | 47.60% |
| EBITDA Margin: | 29.49% |
| PAT Margin: | 22.45% |
| Debt to equity ratio: | 0.07 |
| Earning Per Share (EPS): | ₹12.22 (Basic) |
| Price/Earning P/E Ratio: | N/A |
| Return on Net Worth (RoNW): | 37.38% |
| Net Asset Value (NAV): | ₹32.68 |
| Period Ended | Revenue | Expense | PAT | Assets |
| 2023 | ₹184.81 | ₹154.97 | ₹32.10 | ₹251.58 |
| 2024 | ₹206.45 | ₹175.85 | ₹34.44 | ₹339.25 |
| 2025 | ₹322.58 | ₹261.43 | ₹28.13 | ₹455.49 |
| Dec 2025 | ₹236.50 | ₹186.96 | ₹38.69 | ₹561.34 |