Devson Catalyst IPO Day 1: Here's GMP, subscription status & other key details

Devson Catalyst SME IPO opened for subscription on July 9, 2026, with a price band of ₹112-118 per share and aims to raise about ₹42 crore, comprising a fresh issue of ₹39.39 crore and an OFS of ₹2.95 crore. The grey market premium stands at around ₹50, indicating an estimated listing price of about ₹168, around 42% above the upper price band. Proceeds from the fresh issue will fund capital expenditure for a new manufacturing facility, working capital needs, and general corporate purposes, with bidding closing on July 13 and listing expected on July 16 on the BSE SME platform.