BSE SME Devson Catalyst makes a high-octane debut
Mumbai, July 16 -- The scrip was listed at Rs 196.15, a 66.23% premium to the initial public offer (IPO) price. The stock is currently up 2.98% over its listing price.
The counter hit a high of Rs 205 and a low of Rs 186.35. About 18.72 lakh shares of the company changed hands at the counter.
Devson Catalyst's IPO was subscribed 205. times. The issue opened for bidding on 9 July 2026 and it closed on 13 July 2026. The price band of the IPO was fixed between Rs 112 to Rs 118 per share.
The IPO comprised a fresh issue of 33,38,000 shares and offer for sale (OFS) of 2,50,000 shares by existing shareholders.
The company intends to utilise the net proceeds towards funding capital expenditure requirements for setting up a new manufacturing ...
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