Comparison between Devson Catalyst IPO and Horizon Reclaim (India) IPO.
Devson Catalyst IPO is a SME Bookbuilding IPO proposed to list at BSE SME while Horizon Reclaim (India) IPO is a SME Bookbuilding proposed to list at BSE SME.
| Devson Catalyst IPO | Horizon Reclaim (India) 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. | GYR Capital Advisors Pvt.Ltd. |
| Registrar | MUFG Intime India Pvt.Ltd. | Kfin Technologies Ltd. |
| Market Maker | MNM Stock Broking Pvt.Ltd. | Giriraj Stock Broking Pvt.Ltd. |
| DRHP | DRHP  | DRHP |
| RHP | RHP | RHP |
| Final Prospectus | Final Prospectus | Final Prospectus |
| Anchor Investor | Anchor Investor | Anchor Investor |
| IPO Allotment URL | 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 Horizon Reclaim (India) IPO is up to ₹51.55 Cr. The final issue price of Devson Catalyst IPO is ₹118.00 per share and of Horizon Reclaim (India) IPO is ₹103.00 per share.
| Devson Catalyst IPO | Horizon Reclaim (India) IPO | |
|---|---|---|
| Face Value | ₹10 per share | ₹10 per share |
| Issue Price (Lower) | ₹112.00 per share | ₹98.00 per share |
| Issue Price (Upper) | ₹118.00 per share | ₹103.00 per share |
| Issue Price (Final) | ₹118.00 per share | ₹103.00 per share |
| Discount (Retail) | ||
| Discount (Employee) | ||
| Market Lot Size | 1200 shares | 1200 shares |
| Fresh Issue Size | 31,58,000 shares | 50,05,200 shares |
| Fresh Issue Size (Amount) | up to ₹37.26 Cr | up to ₹51.55 Cr |
| OFS Issue Size | 2,50,000 shares | 0 shares |
| OFS Issue Size (Amount) | up to ₹2.95 Cr | up to ₹0.00 Cr |
| Issue Size Total | 34,08,000 shares | 50,05,200 shares |
| Issue Size Total (Amount) | up to ₹40.21 Cr | up to ₹51.55 Cr |
Devson Catalyst IPO opens on Jul 09, 2026, while Horizon Reclaim (India) IPO opens on Jun 12, 2026. The closing date of Devson Catalyst IPO and Horizon Reclaim (India) IPO is Jul 13, 2026, and Jun 16, 2026, respectively.
| Devson Catalyst IPO | Horizon Reclaim (India) IPO | |
|---|---|---|
| Anchor Bid Date | Jul 08, 2026 | Jun 11, 2026 |
| Issue Open | Jul 09, 2026 | Jun 12, 2026 |
| Issue Close | Jul 13, 2026 | Jun 16, 2026 |
| Basis Of Allotment (Tentative) | Jul 14, 2026 | Jun 17, 2026 |
| Initiation of Refunds (Tentative) | Jul 15, 2026 | Jun 18, 2026 |
| Credit of Share (Tentative) | Jul 15, 2026 | Jun 18, 2026 |
| Listing date (Tentative) | Jul 16, 2026 | Jun 19, 2026 |
| Anchor Lockin End date 1 | Aug 13, 2026 | Jul 16, 2026 |
| Anchor Lockin End date 2 | Oct 12, 2026 | Sep 14, 2026 |
Devson Catalyst IPO P/E ratio is 9.66, as compared to Horizon Reclaim (India) IPO P/E ratio of 13.97.
| Devson Catalyst IPO | Horizon Reclaim (India) 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 Consolidated)Horizon Reclaim (India) Ltd.'s revenue increased by 37% and profit after tax (PAT) rose by 49% between the financial year ending with March 31, 2026 and March 31, 2025.
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| Promoter Shareholding (Pre-Issue) | 100 | 95.84 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Promoter Shareholding (Post-Issue) | 74.97 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| P/E Ratio | 9.66 | 13.97 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Market Cap | ₹160.34 Cr. | ₹201.01 Cr. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ROE | 45.97 | 53.63 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ROCE | 47.60 | 25.45 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Debt/Equity | 0.07 | 1.44 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| EPS | ₹12.22 | ₹7.37 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| RoNW | 37.38 | 42.29 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
In the Devson Catalyst IPO Retail Individual Investors (RII) are offered 11,76,000 shares while in Horizon Reclaim (India) IPO retail investors are offered 11,76,000 shares. Qualified Institutional Buyers (QIB) are offered 6,62,400 shares in Devson Catalyst IPO and 10,00,800 shares in Horizon Reclaim (India) IPO.
| Devson Catalyst IPO | Horizon Reclaim (India) IPO | |
|---|---|---|
| Anchor Investor Reservation | 10,00,800 shares | 15,01,200 shares |
| Market Maker Reservation | 1,80,000 shares | 2,64,000 shares |
| QIB | 6,62,400 shares | 10,00,800 shares |
| NII | 5,04,000 shares | 7,51,200 shares |
| RII | 11,76,000 shares | 17,52,000 shares |
| Employee | 64,800 shares | 0 shares |
| Others | ||
| Total | 34,08,000 shares | 50,05,200 shares |
Devson Catalyst IPO subscribed 155.64x in total, whereas Horizon Reclaim (India) IPO subscribed 212.90x.
| Devson Catalyst IPO | Horizon Reclaim (India) IPO | |
|---|---|---|
| QIB (times) | 168.56x | 186.72x |
| NII (times) | 261.22x | 450.74x |
| Big NII (times) | 286.50x | 502.41x |
| Small NII (times) | 211.19x | 347.66x |
| RII (times) | 244.08x | 308.30x |
| Employee (times) | 1.06x | |
| Other (times) | ||
| Total (times) | 155.64x | 212.90x |
