Devson Catalyst Limited has opened its initial public offering to investors, with early market signals pointing to a significant listing premium.
The subscription window for the SME IPO began on July 9 and will remain open until July 13.
According to Investorgain, the grey market premium (GMP) for the issue stands at ₹50 per share.
This valuation implies an estimated listing price of ₹168, representing a 42.37% upside from the issue price of ₹118.
Such a premium in the grey market often reflects strong demand from retail and institutional investors ahead of the final allotment.
Founded in 2004, Devson Catalyst manufactures catalysts, adsorbents, ceramic balls, and other related products.