IPO SYNOPSIS

Devson Catalyst Ltd
Registered Office:
No.213-218 & 233-237 Phase-2,Ambawadi GIDC Wadhwancity,
Surendra Nagar - 363030,
Gujarat, India.
Initial public offer of upto 35,88,000 equity shares of face value of (₹) 10/- each of Devson Catalyst Limited ("DCL" or the "Company" or the "Issuer") for cash at a price of (₹) 112-118 per equity share including a share premium of (₹) 102-108 per equity share (the "Offer Price") comprising of a fresh offer of 33,38,000 equity shares at a price of (₹) 112-118 aggregating to (₹) 37.39-39.39 Crores (the "Fresh Issue") and an offer for sale of 2,50,000 equity shares by the selling shareholders ("Offer For Sale") at a price of (₹) 112-118 aggregating to (₹) 2.8-2.95 Crores , of which 1,80,000 equity shares of face value of (₹) 10/- each for cash at a price of (₹) 112-118 per equity share including a share premium of (₹) 102-108 per equity share aggregating to (₹) 2.02-2.12 Crores will be reserved for subscription by market maker to the offer (the "Market Maker Reservation Portion") and 64,800 equity shares of face value of (₹) 10/- each for cash at a price of (₹) 112-118 per equity share including a share premium of (₹) 102-108 per equity share aggregating to (₹) 0.73-0.76 Crores will be reserved for subscription by eligible employees (the "Employee Reservation Portion"). The offer less the market maker reservation portion and employee reservation portion i.e. net offer of 33,43,200 equity shares of face value of (₹) 10/- each at a price of (₹) 112-118 per equity share including a share premium of (₹) 102-108 per equity share aggregating to (₹) 37.44-39.45 Crores is herein after referred to as the "Net Offer". The offer and the net offer will constitute upto 26.41% and 24.60%, respectively, of the post offer paid up equity share capital of the company. The face value of the equity shares is (₹) 10/- each. Price Band: (₹) 112/- to (₹) 118/- per equity share of face value (₹) 10/- each. The floor price is 11.2 times of the face value and the cap price is 11.8 times of the face value of the equity shares. Bids can be made for a minimum of 2400 equity shares and in multiples of 1200 equity shares thereafter.
Issue
Money Payable On
Opens On
Closes On
Application
Allotment
09-Jul-26
13-Jul-26
112.00-118.00
0.00-0.00
Minimum Application for shares in Nos : 2400     Further Multiples of : 1200
 
(Rs.Cr)
Lead Managers to the Issue
Project Cost
0.00
JJ IPO Advisors Private Limited
Project Financed
40.19
 
Post Issue
13.84
 
Issue Price
112.00
 
Projects
Funding the Capital Expenditure requirements towards setting up of a new manufacturing unit
Funding the working capital requirements of the Company
General corporate purposes
Promoted By
Prahladbhai Devjibhai Shiyaniy
Patel Savan Prahladbhai
Pratapbhai Devjibhai Shiyaniya
Listing At
BSE - SME
Registrar to the Issue
MUFG Intime India Pvt Ltd
A+ | A | A-
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