Devson Catalyst IPO Subscription Status Day 2: Issue Booked 13.21 Times as Retail, NII Demand Remains Strong

Mumbai, July 10: The Devson Catalyst IPO continued to attract strong investor interest on the second day of bidding, with the public issue witnessing healthy participation across retail and non-institutional investor categories. According to exchange data available during the morning session, the ₹42.34 crore SME IPO was subscribed 13.21 times, reflecting sustained demand even as bidding remains open.

The BSE SME issue opened for subscription on July 9, 2026, and will close on July 13, 2026. With one more trading session left after today, market participants will be watching whether subscription levels gather further momentum before the issue closes.

Devson Catalyst is raising ₹42.34 crore through a book-built IPO comprising a fresh issue of 31,58,000 equity shares worth about ₹39.39 crore and an offer for sale of 2,50,000 equity shares aggregating ₹2.95 crore. The company has fixed the issue price at ₹118 per share.

Devson Catalyst IPO Subscription Status Day 2

As per the latest exchange update available on July 10, the IPO received bids for 3,17,98,800 shares against 24,07,200 shares available for subscription, taking the overall subscription to 13.21 times.

Category-wise subscription stood at:

• QIB (Ex Anchor): 1.72x
• NII: 18.17x
• bNII: 20.44x
• sNII: 13.69x
• Retail Investors: 18.24x
• Employees: 0.72x
• Overall: 13.21x

The issue had received 10,514 applications at the time of the latest update.

Day-Wise Subscription Trend

Demand strengthened noticeably on the second day, with both retail and HNI investors increasing their participation.

*Day 2 figures are based on the morning subscription update and are subject to change as bids continue to be received during the trading session.

Retail investors have marginally outpaced the NII category, while the bNII portion has already crossed the 20-times mark. Institutional participation has remained steady at 1.72 times so far.

Devson Catalyst IPO Details

• Issue Size: ₹42.34 crore
• Fresh Issue: 31,58,000 equity shares (₹39.39 crore)
• Offer for Sale: 2,50,000 equity shares (₹2.95 crore)
• Issue Price: ₹118 per share
• Lot Size: 1,200 shares
• Minimum Retail Investment: ₹2,83,200
• Listing Exchange: BSE SME

Important Dates

• IPO Opens: July 9, 2026
• IPO Closes: July 13, 2026
• Expected Allotment: July 14, 2026
• Refunds: July 15, 2026
• Credit of Shares: July 15, 2026
• Tentative Listing: July 16, 2026

What Investors Should Watch

With the IPO entering another trading session before closing, investors will monitor whether institutional participation picks up further and whether retail and HNI demand continues at the current pace. SME IPO subscriptions often see a surge in bids during the final days, making the closing figures an important indicator of overall investor interest.

Conclusion

The Devson Catalyst IPO has maintained strong momentum on Day 2, with the issue subscribed 13.21 times in the morning session. Robust participation from both retail and NII investors has kept demand well ahead of the shares on offer, while the issue remains open for subscription until July 13, 2026. Investors can expect subscription numbers to change further as fresh bids are placed through the remainder of the bidding period.

Source:

• https://www.chittorgarh.net/reports/anchor-investor/devson-catalyst-anchor-list.pdf