Comparison between Devson Catalyst IPO and Fine Refiners IPO.
Devson Catalyst IPO is a SME Bookbuilding IPO proposed to list at BSE SME while Fine Refiners IPO is a SME Bookbuilding proposed to list at BSE SME.
| Devson Catalyst IPO | Fine Refiners IPO | |
|---|---|---|
| Logo |  |  |
| Issue Category | SME | SME |
| Issue Type | IPO | IPO |
| Process Type | Bookbuilding | Bookbuilding |
| Listing At | BSE SME | BSE SME |
| Lead Managers | JJ IPO Advisors Pvt.Ltd. | Fintellectual Corporate Advisors Pvt.Ltd. |
| Registrar | MUFG Intime India Pvt.Ltd. | MUFG Intime India Pvt.Ltd. |
| Market Maker | MNM Stock Broking Pvt.Ltd. | |
| DRHP | DRHP  | DRHP |
| RHP | RHP | |
| Final Prospectus | Final Prospectus | |
| Anchor Investor | Anchor Investor | |
| IPO Allotment URL | IPO Allotment URL |
The total issue size of Devson Catalyst IPO is up to ₹40.21 Cr whereas the issue size of the Fine Refiners IPO is up to ₹0.00 Cr. The final issue price of Devson Catalyst IPO is ₹118.00 per share and of Fine Refiners IPO is .
| Devson Catalyst IPO | Fine Refiners IPO | |
|---|---|---|
| Face Value | ₹10 per share | ₹10 per share |
| Issue Price (Lower) | ₹112.00 per share | |
| Issue Price (Upper) | ₹118.00 per share | |
| Issue Price (Final) | ₹118.00 per share | |
| Discount (Retail) | ||
| Discount (Employee) | ||
| Market Lot Size | 1200 shares | |
| Fresh Issue Size | 31,58,000 shares | 53,89,000 shares |
| Fresh Issue Size (Amount) | up to ₹37.26 Cr | up to ₹0.00 Cr |
| OFS Issue Size | 2,50,000 shares | 14,35,000 shares |
| OFS Issue Size (Amount) | up to ₹2.95 Cr | up to ₹0.00 Cr |
| Issue Size Total | 34,08,000 shares | 68,24,000 shares |
| Issue Size Total (Amount) | up to ₹40.21 Cr | up to ₹0.00 Cr |
Devson Catalyst IPO opens on Jul 09, 2026, while Fine Refiners IPO opens on . The closing date of Devson Catalyst IPO and Fine Refiners IPO is Jul 13, 2026, and , respectively.
| Devson Catalyst IPO | Fine Refiners IPO | |
|---|---|---|
| Anchor Bid Date | Jul 08, 2026 | |
| Issue Open | Jul 09, 2026 | |
| Issue Close | Jul 13, 2026 | |
| Basis Of Allotment (Tentative) | Jul 14, 2026 | |
| Initiation of Refunds (Tentative) | Jul 15, 2026 | |
| Credit of Share (Tentative) | Jul 15, 2026 | |
| Listing date (Tentative) | Jul 16, 2026 | |
| Anchor Lockin End date 1 | Aug 13, 2026 | |
| Anchor Lockin End date 2 | Oct 12, 2026 |
Devson Catalyst IPO P/E ratio is 9.66, as compared to Fine Refiners IPO P/E ratio of .
| Devson Catalyst IPO | Fine Refiners IPO | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Financials | Company Financials (Restated)Devson Catalyst Ltd.'s revenue increased by 6% and profit after tax (PAT) rose by 63% between the financial year ending with March 31, 2026 and March 31, 2025.
| Company Financials (Restated Standalone)
| |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Promoter Shareholding (Pre-Issue) | 100 | 93.7 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Promoter Shareholding (Post-Issue) | 74.97 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| P/E Ratio | 9.66 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Market Cap | ₹160.34 Cr. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ROE | 45.97 | 77.41 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ROCE | 47.60 | 37.57 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Debt/Equity | 0.07 | 1.30 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| EPS | ₹12.22 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| RoNW | 37.38 | 36.81 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
In the Devson Catalyst IPO Retail Individual Investors (RII) are offered 11,76,000 shares while in Fine Refiners IPO retail investors are offered 11,76,000 shares. Qualified Institutional Buyers (QIB) are offered 6,62,400 shares in Devson Catalyst IPO and 0 shares in Fine Refiners IPO.
| Devson Catalyst IPO | Fine Refiners IPO | |
|---|---|---|
| Anchor Investor Reservation | 10,00,800 shares | 0 shares |
| Market Maker Reservation | 1,80,000 shares | 3,60,000 shares |
| QIB | 6,62,400 shares | 0 shares |
| NII | 5,04,000 shares | 0 shares |
| RII | 11,76,000 shares | 0 shares |
| Employee | 64,800 shares | 0 shares |
| Others | ||
| Total | 34,08,000 shares | 0 shares |
Devson Catalyst IPO subscribed 155.64x in total, whereas Fine Refiners IPO subscribed .
| Devson Catalyst IPO | Fine Refiners IPO | |
|---|---|---|
| QIB (times) | 168.56x | |
| NII (times) | 261.22x | |
| Big NII (times) | 286.50x | |
| Small NII (times) | 211.19x | |
| RII (times) | 244.08x | |
| Employee (times) | 1.06x | |
| Other (times) | ||
| Total (times) | 155.64x |
