Allotment for the Devson Catalyst initial public offering is being finalised today, clearing the path for the company's shares to list on the Bombay Stock Exchange's SME platform on Tuesday, 16 July.
The subscription window for the offering opened on 9 July and closed on 13 July.
Devson Catalyst, a manufacturer of catalyst and specialty chemical products, aims to raise ₹4 billion through the issue.
Devson Catalyst, a manufacturer of catalyst and specialty chemical products, aims to raise ₹4 billion through the issue.
The allotment process concludes the administrative phase of the offering, allowing investors to check their status and prepare for trading.
Early market signals have pointed to a significant listing premium, with grey market trackers indicating robust demand for the unlisted shares.
This sentiment suggests the stock may open at a substantial premium to its issue price, a common dynamic in the Indian SME IPO segment where supply is often constrained relative to retail interest.