New Delhi, July 2 -- Devson Catalyst Limited, a manufacturer of catalysts and specialty chemical products, has announced the opening of its initial public offering (IPO), which will remain open for subscription from July 9 to July 13. The company aims to raise Rs.42 crore through the issue, with a price band fixed at Rs.112-118 per share.

The IPO comprises a fresh issue of 0.33 crore equity shares aggregating to Rs.39.39 crore and an offer for sale (OFS) of 0.03 crore equity shares worth Rs.2.95 crore.

Of the total issue size, 50% has been reserved for Qualified Institutional Buyers (QIBs), 15% for Non-Institutional Investors (NIIs), and 35% for retail investors. In addition, the company has reserved 64,800 equity shares for employees a...