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Explore the subscription status of Devson Catalyst Ltd.'s IPO on its opening day, along with issue details, dates, and the process to apply through ASBA or UPI.
The Devson Catalyst Ltd. IPO opened for subscription on 9 July 2026 through the book-building route. The SME IPO comprises a fresh issue and an offer for sale, with the proceeds from the fresh issue proposed to be used for setting up a new manufacturing unit, meeting working capital requirements, and general corporate purposes. The issue received participation from retail and non-institutional investors during the opening day of subscription.
The Devson Catalyst Ltd. IPO received subscriptions across investor categories on its opening day. As of 12:58 PM on 9 July 2026, the issue was subscribed 2.66 times overall, led by strong participation from Retail Individual Investors (RIIs) and Non-Institutional Investors (NIIs).
The IPO recorded healthy bidding activity on its opening day, with the retail and NII portions attracting significant investor interest.
| Investor Category | Subscription (Times) |
|---|---|
Qualified Institutional Buyers (QIBs ex-anchors) |
0.70x |
Non-Institutional Investors (NIIs) |
2.72x |
Retail Individual Investors (RIIs) |
3.86x |
Employee Reserved |
0.39x |
Overall |
2.66x |
The retail segment led the subscriptions on Day 1, followed by the NII category. While the QIB and employee portions were yet to reach full subscription, the overall response indicates healthy investor interest in the SME IPO.
Note: Subscription figures are as of 12:58 PM on 9 July 2026 and are subject to change until the IPO closes for the day.
The Devson Catalyst Ltd. IPO witnessed a sharp rise in investor participation on the second day of bidding. The overall subscription reached 16.91×, with strong demand from retail and non-institutional investors, while Qualified Institutional Buyers also recorded healthy participation.
| Investor Category | Subscription (Times) |
|---|---|
Qualified Institutional Buyers (QIB) |
2.60× |
Retail Individual Investors (RII) |
25.77× |
Non-Institutional Investors (NII) |
17.07× |
Total |
16.91× |
Retail investors emerged as the strongest contributors on Day 2 with a subscription of 25.77×, while the NII category also saw robust demand at 17.07×. Institutional participation improved to 2.60×, resulting in the IPO being subscribed 16.91× overall by the close of the second day.
The Devson Catalyst Ltd. IPO concluded its subscription period with an overwhelming response from investors across all categories. The overall subscription reached 93.82×, driven by exceptionally strong demand from retail and non-institutional investors, alongside robust participation from Qualified Institutional Buyers.
| Investor Category | Subscription (Times) |
|---|---|
Qualified Institutional Buyers (QIB) |
14.50× |
Retail Individual Investors (RII) |
138.63× |
Non-Institutional Investors (NII) |
102.40× |
Total |
93.82× |
The retail investor segment recorded the highest demand, subscribing 138.63×, while the non-institutional category followed closely with 102.40×. Qualified Institutional Buyers also showed strong interest with a subscription of 14.50×. The broad-based participation across investor categories resulted in the Devson Catalyst Ltd. IPO closing with an overall subscription of 93.82×.
The table below provides an overview of the issue details of the IPO:
| Particulars | Details |
|---|---|
Price Band |
₹112 to ₹118 per share |
Face Value |
₹10 per share |
Lot Size |
1,200 shares |
Minimum Investment |
₹1,41,600 (1 lot at the upper price band) |
Issue Size |
₹42.34 Crores |
Fresh Issue |
₹39.39 Crores |
Offer for Sale |
₹2.95 Crores |
Issue Type |
Book Building IPO |
Total Shares Offered |
35.88 Lakh shares |
Listing Platform |
BSE SME |
The IPO comprises a fresh issue along with an offer for sale. The proceeds from the fresh issue are proposed to be utilised for funding capital expenditure towards setting up a new manufacturing unit, meeting working capital requirements, and general corporate purposes.
For detailed insights about the company, issue particulars, and the latest updates, visit the Devson Catalyst Ltd. IPO on Bajaj Markets.
The following timeline outlines the milestones associated with the IPO:
| Event | Date | Description |
|---|---|---|
IPO Open Date |
9 July 2026 |
Subscription window opens |
IPO Close Date |
13 July 2026 |
Last date to submit IPO applications |
Basis of Allotment |
14 July 2026 |
Expected allotment finalisation |
Initiation of Refunds |
15 July 2026 |
Refunds for unallotted applicants |
Credit of Shares |
15 July 2026 |
Shares credited to Demat accounts |
Listing Date |
16 July 2026 |
Expected listing on BSE SME |
Note: These dates represent procedural milestones based on publicly available data and are intended for informational purposes only.
Investors can apply for the Devson Catalyst Ltd. IPO through either the ASBA facility offered by eligible banks or the UPI-based application process available on broker platforms.
This is a convenient and secure method where your application amount stays blocked until shares are allotted.
Log in to your internet banking account.
Go to the ‘Investments’ or ‘IPO Application’ section.
Select ‘Devson Catalyst Ltd. IPO’ from the available list.
Enter your preferred bid quantity and price.
Confirm and submit your application.
The bid amount will remain blocked in your account until allotment.
Upon allotment, the amount will be debited, and shares credited to your Demat account.
You can apply using UPI through your stockbroker’s or financial marketplace’s online platform.
Log in to your trading account or Demat account on your broker’s platform or financial marketplace.
Navigate to the IPO section and select ‘Devson Catalyst Ltd. IPO’.
Enter your application details including number of lots and price.
Provide your UPI ID linked to your bank account.
Approve the UPI mandate request on your UPI app (like BHIM, Google Pay, or PhonePe).
Funds will be debited only upon share allotment.
Once allotted, shares will be credited directly to your Demat account.
Disclaimer
Sources
LiveMint — IPO News and Updates, https://www.livemint.com/market/ipo
Economic Times — IPO News: Latest IPO News, Upcoming IPO, https://economictimes.indiatimes.com/markets/ipo
Financial Express — IPO News, https://www.financialexpress.com/market/ipo-news/
NDTV Profit — IPOs, https://www.ndtvprofit.com/ipos
Business Today — IPO Corner: Latest IPO News & Analysis, https://www.businesstoday.in/markets/ipo-corner
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