Devson Catalyst Limited, a manufacturer of catalysts and specialty chemical products, has announced the opening of its initial public offering (IPO) from July 9 to July 13. The company aims to raise ₹42 crore through the issue, with a price band fixed at ₹112-118 per share, according to livemint.com.
The IPO comprises a mix of fresh equity and an offer for sale, with the final allotment expected on July 14. Devson Catalyst operates manufacturing facilities in Gujarat and serves customers in both domestic and international markets. The shares will be listed on the BSE SME platform on July 16, as detailed by livemint.com.
This IPO marks a significant step for Devson Catalyst to expand its capital base amid growing demand in the specialty chemicals sector. The SME platform listing provides smaller companies like Devson Catalyst access to public markets, similar to other recent SME IPOs that have attracted investor interest in niche manufacturing segments, according to livemint.com.
Investors can subscribe to the IPO between July 9 and July 13, with the final allotment scheduled for July 14. The listing on the BSE SME platform is set for July 16, providing a clear timeline for market participants interested in this offering, as reported by livemint.com.