Subscription Status · Jul 09 – Jul 13, 2026 · ₹112–118
The Devson Catalyst IPO subscription has recorded exceptional investor demand with an overall subscription of 220.35× as of Jul 13, 2026, indicating that investors applied for 220.35 times the number of shares on offer. All investor categories (institutional, HNI, and retail) have participated actively, making this one of the closely watched IPO openings.
Last updated: Jul 13, 2026, 5:07 PM IST
| Category | Shares Offered | Shares Bid For | Times Subscribed | Applications |
|---|---|---|---|---|
|
QIB
Qualified Institutional Buyers
|
662,400 | 111,656,400 |
168.56×
|
- |
|
NII
Non-Institutional Investors
|
504,000 | 131,654,400 |
261.22×
|
- |
|
bNII
Bids above ₹10L
|
334,800 | 95,920,800 |
286.50×
|
- |
|
sNII
Bids below ₹10L
|
169,200 | 35,733,600 |
211.19×
|
- |
|
Employees
Employee Category
|
64,800 | 68,400 |
1.06×
|
- |
|
Individual
Individual Investors
|
1,176,000 | 287,043,600 |
244.08×
|
- |
|
Total
|
2,407,200 | 530,422,800 |
220.35×
|
- |
How subscription built up across investor categories over time
Snapshot of each day's bidding activity
| Category | Offered | Bid For | Times | Applications |
|---|---|---|---|---|
| QIB | 662,400 | 1,141,200 | 1.72× | - |
| NII | 504,000 | 5,335,200 | 10.59× | - |
| bNII | 334,800 | 3,970,800 | 11.86× | - |
| sNII | 169,200 | 1,364,400 | 8.06× | - |
| Employees | 64,800 | 46,800 | 0.72× | - |
| Individual Investors | 1,176,000 | 12,930,000 | 10.99× | - |
| Total | 2,407,200 | 19,453,200 | 8.08× | - |
| Category | Offered | Bid For | Times | Applications |
|---|---|---|---|---|
| QIB | 662,400 | 1,723,200 | 2.60× | - |
| NII | 504,000 | 18,385,200 | 36.48× | - |
| bNII | 334,800 | 13,209,600 | 39.46× | - |
| sNII | 169,200 | 5,175,600 | 30.59× | - |
| Employees | 64,800 | 52,800 | 0.81× | - |
| Individual Investors | 1,176,000 | 50,479,200 | 42.92× | - |
| Total | 2,407,200 | 70,640,400 | 29.35× | - |
| Category | Offered | Bid For | Times | Applications |
|---|---|---|---|---|
| QIB | 662,400 | 1,723,200 | 2.60× | - |
| NII | 504,000 | 18,385,200 | 36.48× | - |
| bNII | 334,800 | 13,209,600 | 39.46× | - |
| sNII | 169,200 | 5,175,600 | 30.59× | - |
| Employees | 64,800 | 52,800 | 0.81× | - |
| Individual Investors | 1,176,000 | 50,479,200 | 42.92× | - |
| Total | 2,407,200 | 70,640,400 | 29.35× | - |
| Category | Offered | Bid For | Times | Applications |
|---|---|---|---|---|
| QIB | 662,400 | 111,656,400 | 168.56× | - |
| NII | 504,000 | 131,654,400 | 261.22× | - |
| bNII | 334,800 | 95,920,800 | 286.50× | - |
| sNII | 169,200 | 35,733,600 | 211.19× | - |
| Employees | 64,800 | 68,400 | 1.06× | - |
| Individual Investors | 1,176,000 | 287,043,600 | 244.08× | - |
| Total | 2,407,200 | 530,422,800 | 220.35× | - |
As of July 13, 2026, the Devson Catalyst IPO has been subscribed 220.35 times overall. The IPO is fully subscribed with strong investor demand indicating extremely high interest.
The Devson Catalyst IPO subscription window was open from July 09, 2026 to July 13, 2026. Investors could apply through their demat account or ASBA facility.
The Devson Catalyst IPO has a price band of ₹112 to ₹118 per share, with a lot size of 1,200 shares. Minimum retail investment: ₹134,400 (lower band) or ₹141,600 (upper band).
The QIB category has been subscribed 168.56 times. QIBs were offered 662,400 shares. Strong QIB subscription indicates high institutional confidence.
Overall NII: 261.22×. bNII (>₹10L): 286.50×, sNII (<₹10L): 211.19×. NII includes HNIs and corporate entities investing above ₹2 lakh.
Basis of allotment is on July 14, 2026. Check via the registrar's website, MUFG Intime India Pvt.Ltd using your PAN number, application number, or DP/Client ID. You can also check on BSE/NSE websites or through your broker's app.
Devson Catalyst IPO is expected to list on July 16, 2026. Shares will list on BSE SME platform. Allotted shares are credited to your demat account 1 business day before listing.
A subscription multiple of 220.35× means investors have bid for 220.35 times the total shares available. Since the IPO is oversubscribed, not every applicant will receive shares, allotment happens via lottery (for retail) or proportionately (for other categories). Higher multiples generally reduce allotment probability.
Based on the current retail subscription of data pending, the estimated allotment probability for retail investors is Very Low. Only 1 lot likely via lottery if selected. If final subscription stays below 1×, all applicants are likely to get full allotment.
You can apply for Devson Catalyst IPO through: (1) ASBA (Application Supported by Blocked Amount) via your bank's net banking or mobile app, (2) UPI-based application through your broker's app (Zerodha, Groww, Angel One, etc.), or (3) directly via your demat account. The amount is blocked in your account and deducted only upon allotment. Applications were accepted from Jul 09 to Jul 13, 2026.
The grey market premium (GMP) reflects unofficial pre-listing trading sentiment. For the latest Devson Catalyst IPO GMP data, check the IPORise GMP page. Note: GMP is unofficial, speculative, and not a guaranteed indicator of listing price. Use it only as a sentiment signal alongside official subscription data.
New to reading subscription numbers? Read our guide on IPO subscription explained.
Subscription Opens Done
Jul 09, 2026Subscription Closes Done
Jul 13, 2026Basis of Allotment Done
Jul 14, 2026Listing on BSE Done
Jul 16, 2026Only 1 lot likely via lottery if selected.
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Higher subscription = lower allotment probability. Progress bars compare each category relative to the highest-subscribed category.