Devson Catalyst SME IPO Subscription Status
Devson Catalyst SME IPO closed on 13 July 2026 with an overall subscription of 220.39x based on shares applied. QIB demand came in at 168.56x, NII at 261.58x, and retail at 244.03x.
Allotment will be finalised on 14 July 2026. The stock is scheduled to list on NSE and BSE on 16 July 2026.
Issue Price
Rs 118.00
GMP Today
Rs 49.00 (+41.53%)
Overall Subscription
220.39x
Issue Size
₹42.34 Cr
Allotment Date
14 Jul 2026
Listing Date
16 Jul 2026
Devson Catalyst SME IPO Subscription by Amount
Category-wise subscription based on amount applied at issue price Rs 118.00
| Category | Amount Offered | Amount Applied | Subscription |
|---|---|---|---|
| QIB | Rs 7.82 Cr | Rs 1,317.55 Cr | 168.56x |
| FII | - | Rs 166.38 Cr | - |
| DFI | - | Rs 133.10 Cr | - |
| Mutual Funds | - | Rs 22.77 Cr | - |
| Other | - | Rs 995.29 Cr | - |
| NII | Rs 5.95 Cr | Rs 1,555.65 Cr | 261.58x |
| bNII (above Rs 10L) | Rs 3.96 Cr | Rs 1,133.99 Cr | 286.01x |
| Corporate | - | Rs 22.25 Cr | - |
| Individual | - | Rs 1,103.70 Cr | - |
| Other | - | Rs 8.04 Cr | - |
| sNII (Rs 2L to Rs 10L) | Rs 1.98 Cr | Rs 421.66 Cr | 212.70x |
| Corporate | - | Rs 5.95 Cr | - |
| Individual | - | Rs 409.49 Cr | - |
| Other | - | Rs 6.22 Cr | - |
| IND | Rs 13.88 Cr | Rs 3,386.31 Cr | 244.03x |
| Fixed price | - | Rs 3,386.31 Cr | - |
| Employee | Rs 76.46 L | Rs 80.71 L | 1.06x |
| Fixed price | - | Rs 80.71 L | - |
| Total | Rs 28.40 Cr | Rs 6,260.31 Cr | 220.39x |
Devson Catalyst SME IPO Subscription by Applications
Category-wise subscription based on applications received
| Category | Applications Offered | Applications Received | Subscription |
|---|---|---|---|
| QIB | 552 | 103 | 0.19x |
| FII | - | 12 | - |
| DFI | - | 13 | - |
| Mutual Funds | - | 5 | - |
| Other | - | 73 | - |
| NII | 140 | 18,907 | 135.05x |
| bNII (above Rs 10L) | 93 | 9,509 | 102.25x |
| Corporate | - | 170 | - |
| Individual | - | 9,269 | - |
| Other | - | 70 | - |
| sNII (Rs 2L to Rs 10L) | 47 | 9,398 | 199.96x |
| Corporate | - | 136 | - |
| Individual | - | 9,119 | - |
| Other | - | 143 | - |
| IND | 490 | 1,19,573 | 244.03x |
| Fixed price | - | 1,19,573 | - |
| Employee | 54 | 19 | 0.35x |
| Fixed price | - | 19 | - |
| Total | 1,236 | 1,38,602 | 112.14x |
What Do These Subscription Numbers Mean?
A subscription of 220.39x by shares means the IPO received bids for 220 times the shares reserved. Allotment odds depend on application count in each category, not share volume.
Here is what each category number tells you:
QIB at 168.56x by shares: This is the strongest signal on the page. QIBs are institutional investors, mutual funds, foreign institutions, and banks. When they subscribe at 168.56x, it reflects serious institutional conviction.
NII at 135.05x by applications: NII includes high net worth individuals applying above Rs 2 lakh. Proportional allotment uses application subscription. bNII came in at 102.25x and sNII at 199.96x by applications. Share subscription was 261.58x. Allotment uses application count, not share volume.
At 244.03x subscription by applications, approximately 1 in 244 retail applicants can expect an allotment (~1% per application). Retail allotment is done by lottery when oversubscribed.
null Employee reservation uses the same lottery logic as retail when oversubscribed.
Devson Catalyst SME IPO Allotment Chances
Allotment odds below use application subscription (number of bids received), not share or amount subscribed.
Retail (IND)
- •Application subscription: 244.03x.
- •Allotment odds: about 1 in 244 (~1% chance per application).
- •Method: Lottery. If allotted, you receive at least one lot.
- •One application per PAN. Multiple eligible accounts in a household can improve overall family odds, not individual odds.
SHNI (Rs 2 lakh to Rs 10 lakh)
- •Application subscription: 199.96x.
- •Allotment odds: about 1 in 200 for a minimum-lot application (~1% of the applied lot on average).
- •Method: Proportional. Shares allotted are based on your bid size, not a lottery.
- •Share subscription was 212.70x. Allotment uses application count, not share volume.
BHNI (above Rs 10 lakh)
- •Application subscription: 102.25x.
- •Allotment odds: about 1 in 102 for a minimum-lot application (~1% of the applied lot on average).
- •Method: Proportional. Shares allotted are based on your bid size, not a lottery.
- •Share subscription was 286.01x. Allotment uses application count, not share volume.
Check the Devson Catalyst SME IPO Allotment Status page from 14 July 2026 for your allotment result.
Devson Catalyst SME IPO GMP After Subscription
GMP for Devson Catalyst SME stands at Rs 49.00 today, giving an estimated listing price of Rs 167.00 per share.
The GMP has moved up from Rs 8.00 on 2 Jul 2026 to Rs 49.00 on 16 Jul 2026.
A subscription of 220.39x combined with a GMP of 41.53% is a strong combination heading into listing. QIB demand above 50x in particular tends to support listing sentiment, as institutional investors are seen as informed buyers.
Track live GMP on the Devson Catalyst SME IPO GMP Today page or the IPOwiz Live IPO GMP Tracker.
Devson Catalyst SME IPO Day-wise Subscription
| Day | QIB | NII | Retail | Overall |
|---|---|---|---|---|
| Day 1 - 9 Jul 2026 | 1.72x | 10.59x | 10.99x | 8.08x |
| Day 2 - 10 Jul 2026 | 2.60x | 36.48x | 42.92x | 29.35x |
| Day 3 - 13 Jul 2026 | 168.56x | 261.22x | 244.08x | 220.35x |
Devson Catalyst SME IPO Key Dates
| Event | Date |
|---|---|
| IPO Open Date | 9 July 2026 |
| IPO Close Date | 13 July 2026 |
| Allotment Date | 14 July 2026 |
| Refund Initiation | 15 July 2026 |
| Share Credit to Demat | 15 July 2026 |
| Listing Date | 16 July 2026 |
| Minimum Investment | Rs 2,83,200.00 |
| Lot Size | 1200 shares |
About Devson Catalyst SME
Devson Catalyst Limited, incorporated in 2004, is an established specialty chemical manufacturer specializing in high-performance molecular diagnostic and process solutions, including chemical catalysts, chemical adsorbents, and high-purity ceramic balls. The company's technical product catalog caters entirely to B2B institutional client spaces across processing industries, delivering optimized solutions for oil and gas refinery arrays, heavy petrochemical systems, steel formulation mills, and agricultural fertilizer setups. Devson coordinates integrated manufacturing, testing, and automated packaging parameters out of its localized hub infrastructure in Wadhwan, Surendranagar, Gujarat, sustaining a baseline processing capacity of 6,205 MT per annum.
Understanding Subscription Categories
QIB - Qualified Institutional Buyers
Includes foreign institutional investors, domestic financial institutions, mutual funds, and other qualified institutions. QIB demand is considered the most reliable indicator of institutional confidence in an IPO.
NII - Non-Institutional Investors
High net worth individuals applying above Rs 2 lakh. Divided into bNII (above Rs 10 lakh) and sNII (Rs 2 lakh to Rs 10 lakh). NII allotment is proportional.
IND - Individual Investors
Investors applying up to Rs 2 lakh per PAN. Allotment is by lottery when oversubscribed. Minimum one lot per successful applicant.
Devson Catalyst SME IPO Subscription FAQs
What is Devson Catalyst SME IPO subscription status today?
Devson Catalyst SME IPO subscription closed on 13 July 2026 with overall subscription of 220.39x (by shares) as of 18 July 2026, 5:01 PM IST. QIB 168.56x, NII 135.05x, IND 244.03x.
What is the overall subscription of Devson Catalyst SME IPO?
Devson Catalyst SME IPO is subscribed 220.39x overall by shares at close on 13 July 2026. QIB 168.56x, NII 135.05x, and IND 244.03x.
What is Devson Catalyst SME IPO QIB subscription?
Devson Catalyst SME IPO QIB (Qualified Institutional Buyers) subscription is 168.56x by shares. QIB includes mutual funds, FIIs, banks, and other institutions.
What is Devson Catalyst SME IPO IND subscription?
Devson Catalyst SME IPO IND subscription is 244.03x by applications. Minimum retail bid is up to Rs 2 lakh per PAN.
What is Devson Catalyst SME IPO NII subscription?
Devson Catalyst SME IPO NII (Non-Institutional Investors) subscription is 135.05x by applications. NII covers bids above Rs 2 lakh.
What are allotment chances in Devson Catalyst SME IPO for retail?
At 244.03x subscription by applications, approximately 1 in 244 retail applicants can expect an allotment (~1% per application). Allotment is done by lottery.
When is Devson Catalyst SME IPO allotment date?
Devson Catalyst SME IPO allotment date is 14 July 2026. Check Devson Catalyst SME IPO Allotment Status on IPOwiz from that day using your PAN.
When does Devson Catalyst SME IPO subscription close?
Devson Catalyst SME IPO subscription closed on 13 July 2026. No new applications are accepted after the close.
What is Devson Catalyst SME IPO GMP today?
Devson Catalyst SME IPO GMP is ₹49 today (+41.53% over issue price ₹118). See live GMP on the Devson Catalyst SME IPO GMP Today page.
What is Devson Catalyst SME IPO issue price and lot size?
Devson Catalyst SME IPO issue price is ₹118 per share. Lot size is 1200 shares. Minimum investment is ₹2,83,200 per lot (minimum 2 lots for SME). Issue size: ₹42.34 Cr.
When is Devson Catalyst SME IPO listing date?
Devson Catalyst SME IPO listing date is 16 July 2026 on NSE and BSE. Allotment is on 14 July 2026.
How does subscription affect Devson Catalyst SME IPO allotment?
Allotment odds in Devson Catalyst SME IPO depend on application subscription in each category, not share volume. Retail uses lottery when oversubscribed. NII proportional allotment at 135.05x by applications means roughly 1 in 135 for minimum-lot bids; bNII at 102.25x (~1 in 102). At 220.39x overall, competition is very high.
For allotment results from 14 July 2026, visit the Devson Catalyst SME IPO Allotment Status page. For listing day updates on 16 July 2026, download the IPOwiz App.
Reviewed by Dinesh Agrawal
15+ years in Indian capital markets and IPO research. Subscription data verified before publish.