Devson Catalyst IPO opening date announced: Size, listing, and other details about the upcoming SME IPO

Devson Catalyst Limited, a manufacturer of catalysts, adsorbents, and ceramic balls, has fixed the price band for its SME IPO at Rs 112-118 per share to raise around Rs 42 crore. The issue opens on July 9 and closes on July 13, comprising a fresh issue of Rs 39.39 crore and an offer for sale of Rs 2.95 crore, with shares proposed to list on the BSE SME platform around July 16. Net proceeds will primarily fund capital expenditure for a new manufacturing facility and working capital needs.