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Devson Catalyst Ltd IPO
Status: Closed
Overview
IPO date
09 Jul 2026 to 13 Jul 2026
Face value
₹ 0 per share
Price
₹ 112 to ₹118 per share
Issue Size
3,588,000 shares
(aggregating up to ₹ 42.34 Cr)
(aggregating up to ₹ 42.34 Cr)
Allotment Date
14 Jul 2026
Listing at
NSE
Issue type
Book Building - SME
Sector
Miscellaneous
Unlock Stock of the Month
T&C*
Strengths vs Risks of Devson Catalyst Ltd
Know the pros & cons
Strengths
- Indigenous manufacturer of Catalysts, Adsorbents and Ceramic balls in India.
- Track record of profitability and consistent financial performance in an industry with significant entry barriers.
- Strategically located Manufacturing Facilities with capabilities to handle multiple products lines.
- Well-positioned in an industry with several entry barriers.
- Strong customer base & relationship with global footprint.
- Experienced management team and qualified personnel with significant industry experience.
Risks
- The company's revenues is concentrated among a limited number of customers, and the loss of one or more such customers, deterioration in their financial condition, or a reduction in their demand for its products could adversely affect the company business, results of operations, financial condition and cash flows.
- The company's dependence on a limited number of suppliers for procurement of key raw materials, and the absence of long-term supply contracts, may adversely affect its operations and financial performance.
- The company's business is significantly reliant on its ability to obtain orders through competitive bidding processes. Any inability to successfully secure new contracts, or the early termination of existing contracts, could has a material adverse effect on its business operations, financial position, and results of operations.
- There has been instances of delays in filings of certain forms which were required to be filed as per the reporting requirements as well as discrepancies in the forms submitted to the Registrar of Companies (ROC) in accordance with the Companies Act, 2013.
- There has been certain instances of delays in payment of certain statutory dues by its. Any further delays in payment of statutory dues may attract financial penalties from the respective government authorities and in turn may has a material adverse impact on the company financial condition and cash flows.
- Volatility in the prices and availability of key raw materials and operating inputs, and constraints on the company ability to recover cost increases, could materially and adversely affect its business operations, financial performance and profitability.
- The company's revenues is derived largely from a limited set of end-use industries, and any downturn, cyclicality or change in demand patterns in these industries could materially and adversely affect its business, financial condition, results of operations and cash flows.
- The company's export business, is dependent on overseas distributors, and any disruption in its engagement with such distributors could adversely affect the company revenues and results of operations.
- The company's requires certain approvals, licences and permits for its operations, and any failures to obtain, maintain or renew them in a timely manner, or to comply with applicable conditions, may adversely affect the company business.
- The company's revenues is significantly dependent on certain geographical regions and export markets, and adverse developments in these markets could materially and adversely affect its business, financial condition and results of operations.
- If the company is unable to efficiently utilize or scale up its manufacturing capacity, it may adversely affect the company business, financial condition and results of operations.
- The company may be subject to product performance warranties, indemnities and liquidated damages, and any significant claims, disputes or contractual penalties could materially and adversely affect its business.
- The company's manufacturing facility and the premises proposed for expansion are located on leasehold land, and any disruption or non-renewal of such leasehold rights may adversely affect its business operations.
- The company has certain outstanding litigation against its Company, Directors and Promoters an adverse outcome of which may adversely affect the company business, reputation and results of operations.
- The company has not yet placed orders in relation to the capital expenditure to be incurred for the proposed purchase of equipment / machineries. In the event of any delay in placing the orders, or in the event the vendors are not able to provide the equipment / machineries in a timely manner, or at all, the same may result in time and cost overruns.
- Unsecured loans availed by the Company, which are repayable on demand, may expose its to liquidity and cash flow risks.
- The company's manufacturing operations is concentrated in a single facility located in Surendranagar district, Gujarat, and any disruption in this region could materially and adversely affect its business, financial condition, results of operations and cash flows.
- Sustaining the company historical growth and profitability may be challenging, and its financial performance may fluctuate. Any inability to manage growth effectively could materially and adversely affect the company business and financial performance.
- The company operates in competitive domestic and export markets, and competition from larger, better-resourced or technologically advanced players (including imports) may adversely affect its market share, pricing, margins and growth prospects.
- The company's dependence on imported raw materials for certain requirements may expose its to supply disruptions, cost escalation and regulatory changes, which could adversely affect the company operations and financial performance.
- Any quality-related issue in the company's products could harm its reputation, impact customer confidence and adversely affect the company's financial performance.
- The company's operations is dependent on the continuous and efficient performance of its plant and machinery, and any breakdown, malfunction or under performance could adversely affect its production, quality and profitability.
- The company's operations benefit from timely access to in-house testing and calibration capabilities, and any limitations in such access may give rise to qualification and acceptance risks, which could adversely affect its business and results of operations.
- The company's import and export operations is subject to trade compliance requirements, and any non-compliance, regulatory changes, export restrictions or sanctions-related issues could disrupt its operations and adversely affect the company financial performance.
- The Equity Shares may experience delays in listing or may not be listed on the BSE SME Platform, which could adversely affect investors.
- Certain Changes in Appointment and Tenure of the company's Statutory Auditors.
- The company's business is linked to the operating performance and investment cycles of key process industries, and any slowdown or adverse developments in these end-use sectors may materially and adversely affect its business, financial condition and results of operations.
- Effective inventory management and appropriate storage and handling are critical to the company's operations, and any failures to manage inventories or prevent damage or deterioration could adversely affect its business, financial condition and results of operations.
- If the company is unable to strengthen and scale its sales, marketing and technical service capabilities or execute the company's growth strategy, its business prospects, financial condition and results of operations may be adversely affected.
- The company's product portfolio is concentrated in catalysts, adsorbents and ceramic balls, and any decline in demand for any of these product categories could materially and adversely affect its business, financial condition, results of operations and cash flows.
- The company's competitiveness depends on its ability to develop and commercialise new formulations and customised products; any failures or delay in doing so could impair the company's market position and adversely affect its business, financial condition, results of operations and cash flows.
- Changes in customer process technologies, specifications and performance expectations may result in product obsolescence and could adversely affect the company's competitiveness and growth.
- The company is dependent on its Promoters, Directors and key managerial and senior management personnel for strategic direction and operational execution, and any loss of such personnel or inability to ensure continuity may adversely affect the company's business, financial condition, results of operations and cash flows.
- The Company may faces adverse financial impact due to non-provision for potential decline in the value of investments.
- The company may be unable to attract and retain employees with the requisite skills, expertise and experience, which would adversely affect its operations, business growth and financial results.
- The company is exposed to counterparty credit risk, and any delays, disputes, or defaults in the collection of domestic or export receivables, including issues relating to trade finance arrangements and cross-border enforcement, may increase its working capital requirements and adversely affect the company's business, results of operations, financial condition, cash flows, and profitability.
- The company's business is working capital intensive. If its is unable to borrow to meet the company's working capital requirements, it may materially and adversely affect its business and results of operations.
- The company is subject to restrictive covenants under its financing agreements that could limit the company's flexibility in managing its business or to use cash or other assets. Any defaults could lead to acceleration of the company's repayment obligations, cross defaults under other financing agreements, termination of one or more of its financing agreements or force the company to sell its assets, which may adversely affect the company's cash flows, business, results of operations and financial condition.
- The company may be exposed to foreign exchange risk arising from its import and export transactions, and currency fluctuations could materially affect the company's realisations, costs, margins and financial results.
- The company's brand and reputation is important to its business, and any inability to protect the company's trade name and trademarks, or any unauthorised use by third parties, could adversely affect its business, reputation and financial condition.
- The company's business depends on proprietary formulations, process know-how and application expertise, and any failures to protect such confidential information, or allegations of intellectual property infringement, could adversely affect the company's business, financial condition and results of operations.
- The company's insurance coverage may not be adequate to protect its against all potential losses to which the company may be subject and this may has a material effect on its business and financial condition.
- The company's business operations may be disrupted by an interruption in power supply which may impact its business operations.
- Any variation in the utilization of the Net Proceeds as disclosed in this Red Herring Prospectus shall be subject to certain compliance requirements, including prior approval of the shareholders of the Company.
- Misconduct, negligence or operational errors by the company's employees could expose its to losses, liabilities and reputational harm, which may adversely affect the company's business, results of operations and financial condition.
- None of the company's directors currently serves as a director of any other listed company in India, which may present certain governance and compliance related challenges, and in the event of any material non-compliance where its Directors are held liable, the company may be required to appoint replacement directors.
- Any failures of, or material weakness in, the company's internal controls, systems or processes could adversely affect its business, financial condition and results of operations.
- The Objects of the Offer has not been appraised by any bank or financial institution, and any variation in utilisation of the Net Proceeds would be subject to applicable compliance requirements, including shareholders' approval.
- The deployment of funds raised through this Offer shall not be subject to any Monitoring Agency and shall be purely dependent on the discretion of the management of the Company.
- The company's promoters hold Equity Shares in its Company and may have interests that differ from those of the Company or other shareholders.
- The company's promoter and the Promoter Group will jointly continue to retain majority shareholding in the Company after the offer, which will allow them to determine the outcome of the matters requiring the approval of shareholders.
- The company's promoters has provided personal guarantees for certain of its debt facilities, and invocation or withdrawal of such guarantees could adversely affect the company's business and financial condition.
- The company's success depends significantly on its Promoters, Key Managerial Personnel and Senior Managerial Personnel and the loss of such personnel could materially and adversely affect the company's business, results of operations, financial condition, cash flows and future prospects.
- The Company will not receive any proceeds from the Offer for Sale. The Selling Shareholders will receive the Net Proceeds from the Offer for Sale.
- The company has relied on third party reports and not independently verified certain data in this Red Herring Prospectus, and any errors or discrepancies in the same may result in investor perception risks, regulatory observations, or other liabilities for the Company.
- The company has certain contingent liabilities, and its financial condition and profitability may be adversely affected if any of these contingent liabilities materialize.
- The company has entered into and may enter into related party transactions in the future also, which may has an adverse effect on its business, prospects, results of operations and financial condition.
- The average cost of acquisition of Equity Shares by the company's promoters could be lower than the Offer Price.
- The company has not declared or paid dividends in the last three Financial Years, and there can be no assurance that its will be able to pay dividends in the future.
- The company's equity Shares has never been publicly traded and may experience price and volume fluctuations following the completion of the Offer, an active trading market for the Equity Shares may not develop, the price of its Equity Shares may be volatile and the investors may be unable to resell their Equity Shares at or above the Offer Price or at all.
- A third party could be prevented from acquiring control of the Company because of anti-takeover provisions under Indian law.
- The requirements of being a listed company may strain the company's resources and distract management.
How to check the allotment status of Devson Catalyst Ltd IPO?
Follow the steps
Open link to the registrar using this URL (https://evault.kfintech.com/ipostatus/).
Select company from dropdown menu.
Enter details- PAN, Application number or DP client ID
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The IPO opens on 09 Jul 2026 & closes on 13 Jul 2026.
Devson Catalyst Limited was originally incorporated as ''Devson Insulators Private Limited' as a Private Limited Company dated September 10, 2004 with the Registrar of Companies, Gujarat, Dadra & Nagar Haveli. Later, the name of the Company was changed from ''Devson Insulators Private Limited' to 'Devson Catalyst Private Limited' on July 12, 2017. Further, with effect from November 06, 2025, the name of the Company has been changed from 'Devson Catalyst Private Limited' to 'Devson Catalyst Limited' with due approval from the Registrar of Companies.
The Company act as an indigenous manufacturer of catalysts, adsorbents and ceramic balls based in Gujarat, India. It manufacture a complete range of products used across the value chain, including catalysts, adsorbents and ceramic balls, serving to industrial applications.
Initially, Company was engaged in the manufacture and supply of electrical products including insulators and related components. Currently, these products are used by customers operating in industries such as oil and gas refining, petrochemicals, steel and fertilizers. It works the installed capacity of approximately 6,205 MT per annum. These products are used to improve process efficiency and facilitate removal of impurities from gases and liquids across various industrial applications.
Company came up with the IPO by issuing the aggregate of 35,88,000 Equity shares of Rs 10 each and raised Rs 42.33 crores, which comprised a fresh issue of 33,38,000 equity shares amounting to Rs 39.38 crore and the offer for sale of 2,50,000 equity shares amounting to Rs 2.95 crore on July 13, 2026.
Devson Catalyst Ltd IPO will close on 13 Jul 2026.
- Indigenous manufacturer of Catalysts, Adsorbents and Ceramic balls in India.
- Track record of profitability and consistent financial performance in an industry with significant entry barriers.
- Strategically located Manufacturing Facilities with capabilities to handle multiple products lines.
- Well-positioned in an industry with several entry barriers.
- Strong customer base & relationship with global footprint.
- Experienced management team and qualified personnel with significant industry experience.
| S.No | Promoters Name | Pre Issue Shares | Pre Issue Percentage | Post Issue Shares | Post Issue Percentage |
|---|---|---|---|---|---|
| 1 | Prahladbhai Devjibhai Shiyaniy | 1644100 | 16.04 | 1579731 | 11.84 |
| 2 | Patel Savan Prahladbhai | 2976600 | 29.04 | 2935963 | 22.01 |
| 3 | Pratapbhai Devjibhai Shiyaniya | 3649000 | 35.6 | 3566263 | 26.74 |
| 4 | Patel Krishna Savanbhai | 258300 | 2.52 | 248059 | 1.86 |
| 5 | Shiyania Gitaben P | 1066000 | 10.4 | 1023737 | 7.68 |
| 6 | Gayatriben Patel | 246000 | 2.4 | 236247 | 1.77 |
| 7 | Patel Harsh Pratapbhai | 410000 | 4 | 410000 | 3.07 |
- The company's revenues is concentrated among a limited number of customers, and the loss of one or more such customers, deterioration in their financial condition, or a reduction in their demand for its products could adversely affect the company business, results of operations, financial condition and cash flows.
- The company's dependence on a limited number of suppliers for procurement of key raw materials, and the absence of long-term supply contracts, may adversely affect its operations and financial performance.
- The company's business is significantly reliant on its ability to obtain orders through competitive bidding processes. Any inability to successfully secure new contracts, or the early termination of existing contracts, could has a material adverse effect on its business operations, financial position, and results of operations.
- There has been instances of delays in filings of certain forms which were required to be filed as per the reporting requirements as well as discrepancies in the forms submitted to the Registrar of Companies (ROC) in accordance with the Companies Act, 2013.
- There has been certain instances of delays in payment of certain statutory dues by its. Any further delays in payment of statutory dues may attract financial penalties from the respective government authorities and in turn may has a material adverse impact on the company financial condition and cash flows.
- Volatility in the prices and availability of key raw materials and operating inputs, and constraints on the company ability to recover cost increases, could materially and adversely affect its business operations, financial performance and profitability.
- The company's revenues is derived largely from a limited set of end-use industries, and any downturn, cyclicality or change in demand patterns in these industries could materially and adversely affect its business, financial condition, results of operations and cash flows.
- The company's export business, is dependent on overseas distributors, and any disruption in its engagement with such distributors could adversely affect the company revenues and results of operations.
- The company's requires certain approvals, licences and permits for its operations, and any failures to obtain, maintain or renew them in a timely manner, or to comply with applicable conditions, may adversely affect the company business.
- The company's revenues is significantly dependent on certain geographical regions and export markets, and adverse developments in these markets could materially and adversely affect its business, financial condition and results of operations.
- If the company is unable to efficiently utilize or scale up its manufacturing capacity, it may adversely affect the company business, financial condition and results of operations.
- The company may be subject to product performance warranties, indemnities and liquidated damages, and any significant claims, disputes or contractual penalties could materially and adversely affect its business.
- The company's manufacturing facility and the premises proposed for expansion are located on leasehold land, and any disruption or non-renewal of such leasehold rights may adversely affect its business operations.
- The company has certain outstanding litigation against its Company, Directors and Promoters an adverse outcome of which may adversely affect the company business, reputation and results of operations.
- The company has not yet placed orders in relation to the capital expenditure to be incurred for the proposed purchase of equipment / machineries. In the event of any delay in placing the orders, or in the event the vendors are not able to provide the equipment / machineries in a timely manner, or at all, the same may result in time and cost overruns.
- Unsecured loans availed by the Company, which are repayable on demand, may expose its to liquidity and cash flow risks.
- The company's manufacturing operations is concentrated in a single facility located in Surendranagar district, Gujarat, and any disruption in this region could materially and adversely affect its business, financial condition, results of operations and cash flows.
- Sustaining the company historical growth and profitability may be challenging, and its financial performance may fluctuate. Any inability to manage growth effectively could materially and adversely affect the company business and financial performance.
- The company operates in competitive domestic and export markets, and competition from larger, better-resourced or technologically advanced players (including imports) may adversely affect its market share, pricing, margins and growth prospects.
- The company's dependence on imported raw materials for certain requirements may expose its to supply disruptions, cost escalation and regulatory changes, which could adversely affect the company operations and financial performance.
- Any quality-related issue in the company's products could harm its reputation, impact customer confidence and adversely affect the company's financial performance.
- The company's operations is dependent on the continuous and efficient performance of its plant and machinery, and any breakdown, malfunction or under performance could adversely affect its production, quality and profitability.
- The company's operations benefit from timely access to in-house testing and calibration capabilities, and any limitations in such access may give rise to qualification and acceptance risks, which could adversely affect its business and results of operations.
- The company's import and export operations is subject to trade compliance requirements, and any non-compliance, regulatory changes, export restrictions or sanctions-related issues could disrupt its operations and adversely affect the company financial performance.
- The Equity Shares may experience delays in listing or may not be listed on the BSE SME Platform, which could adversely affect investors.
- Certain Changes in Appointment and Tenure of the company's Statutory Auditors.
- The company's business is linked to the operating performance and investment cycles of key process industries, and any slowdown or adverse developments in these end-use sectors may materially and adversely affect its business, financial condition and results of operations.
- Effective inventory management and appropriate storage and handling are critical to the company's operations, and any failures to manage inventories or prevent damage or deterioration could adversely affect its business, financial condition and results of operations.
- If the company is unable to strengthen and scale its sales, marketing and technical service capabilities or execute the company's growth strategy, its business prospects, financial condition and results of operations may be adversely affected.
- The company's product portfolio is concentrated in catalysts, adsorbents and ceramic balls, and any decline in demand for any of these product categories could materially and adversely affect its business, financial condition, results of operations and cash flows.
- The company's competitiveness depends on its ability to develop and commercialise new formulations and customised products; any failures or delay in doing so could impair the company's market position and adversely affect its business, financial condition, results of operations and cash flows.
- Changes in customer process technologies, specifications and performance expectations may result in product obsolescence and could adversely affect the company's competitiveness and growth.
- The company is dependent on its Promoters, Directors and key managerial and senior management personnel for strategic direction and operational execution, and any loss of such personnel or inability to ensure continuity may adversely affect the company's business, financial condition, results of operations and cash flows.
- The Company may faces adverse financial impact due to non-provision for potential decline in the value of investments.
- The company may be unable to attract and retain employees with the requisite skills, expertise and experience, which would adversely affect its operations, business growth and financial results.
- The company is exposed to counterparty credit risk, and any delays, disputes, or defaults in the collection of domestic or export receivables, including issues relating to trade finance arrangements and cross-border enforcement, may increase its working capital requirements and adversely affect the company's business, results of operations, financial condition, cash flows, and profitability.
- The company's business is working capital intensive. If its is unable to borrow to meet the company's working capital requirements, it may materially and adversely affect its business and results of operations.
- The company is subject to restrictive covenants under its financing agreements that could limit the company's flexibility in managing its business or to use cash or other assets. Any defaults could lead to acceleration of the company's repayment obligations, cross defaults under other financing agreements, termination of one or more of its financing agreements or force the company to sell its assets, which may adversely affect the company's cash flows, business, results of operations and financial condition.
- The company may be exposed to foreign exchange risk arising from its import and export transactions, and currency fluctuations could materially affect the company's realisations, costs, margins and financial results.
- The company's brand and reputation is important to its business, and any inability to protect the company's trade name and trademarks, or any unauthorised use by third parties, could adversely affect its business, reputation and financial condition.
- The company's business depends on proprietary formulations, process know-how and application expertise, and any failures to protect such confidential information, or allegations of intellectual property infringement, could adversely affect the company's business, financial condition and results of operations.
- The company's insurance coverage may not be adequate to protect its against all potential losses to which the company may be subject and this may has a material effect on its business and financial condition.
- The company's business operations may be disrupted by an interruption in power supply which may impact its business operations.
- Any variation in the utilization of the Net Proceeds as disclosed in this Red Herring Prospectus shall be subject to certain compliance requirements, including prior approval of the shareholders of the Company.
- Misconduct, negligence or operational errors by the company's employees could expose its to losses, liabilities and reputational harm, which may adversely affect the company's business, results of operations and financial condition.
- None of the company's directors currently serves as a director of any other listed company in India, which may present certain governance and compliance related challenges, and in the event of any material non-compliance where its Directors are held liable, the company may be required to appoint replacement directors.
- Any failures of, or material weakness in, the company's internal controls, systems or processes could adversely affect its business, financial condition and results of operations.
- The Objects of the Offer has not been appraised by any bank or financial institution, and any variation in utilisation of the Net Proceeds would be subject to applicable compliance requirements, including shareholders' approval.
- The deployment of funds raised through this Offer shall not be subject to any Monitoring Agency and shall be purely dependent on the discretion of the management of the Company.
- The company's promoters hold Equity Shares in its Company and may have interests that differ from those of the Company or other shareholders.
- The company's promoter and the Promoter Group will jointly continue to retain majority shareholding in the Company after the offer, which will allow them to determine the outcome of the matters requiring the approval of shareholders.
- The company's promoters has provided personal guarantees for certain of its debt facilities, and invocation or withdrawal of such guarantees could adversely affect the company's business and financial condition.
- The company's success depends significantly on its Promoters, Key Managerial Personnel and Senior Managerial Personnel and the loss of such personnel could materially and adversely affect the company's business, results of operations, financial condition, cash flows and future prospects.
- The Company will not receive any proceeds from the Offer for Sale. The Selling Shareholders will receive the Net Proceeds from the Offer for Sale.
- The company has relied on third party reports and not independently verified certain data in this Red Herring Prospectus, and any errors or discrepancies in the same may result in investor perception risks, regulatory observations, or other liabilities for the Company.
- The company has certain contingent liabilities, and its financial condition and profitability may be adversely affected if any of these contingent liabilities materialize.
- The company has entered into and may enter into related party transactions in the future also, which may has an adverse effect on its business, prospects, results of operations and financial condition.
- The average cost of acquisition of Equity Shares by the company's promoters could be lower than the Offer Price.
- The company has not declared or paid dividends in the last three Financial Years, and there can be no assurance that its will be able to pay dividends in the future.
- The company's equity Shares has never been publicly traded and may experience price and volume fluctuations following the completion of the Offer, an active trading market for the Equity Shares may not develop, the price of its Equity Shares may be volatile and the investors may be unable to resell their Equity Shares at or above the Offer Price or at all.
- A third party could be prevented from acquiring control of the Company because of anti-takeover provisions under Indian law.
- The requirements of being a listed company may strain the company's resources and distract management.
The Issue type of Devson Catalyst Ltd is Book Building - SME.
The minimum application for shares of Devson Catalyst Ltd is 2400.
The total shares issue of Devson Catalyst Ltd is 3588000.
Initial public offer of 35,88,000 equity shares of face value of Rs. 10/- each of Devson Catalyst Limited ("DCL" or the "Company" or the "Issuer") for cash at a price of Rs. 118 per equity share including a share premium of Rs. 108 per equity share (the "Offer Price") comprising of a fresh offer of 33,38,000 equity shares at a price of Rs. 118 aggregating to Rs. 39.39 Crores (the "Fresh Issue") and an offer for sale of 2,50,000 equity shares by the selling shareholders ("Offer For Sale") at a price of Rs. 118 aggregating to Rs. 2.95 Crores, of which 1,80,000 equity shares of face value of Rs. 10/- each for cash at a price of Rs. 118 per equity share including a share premium of Rs. 108 per equity share aggregating to Rs. 2.12 Crores will be reserved for subscription by market maker to the offer (the "Market Maker Reservation Portion") and 64,800 equity shares of face value of Rs. 10/- each for cash at a price of Rs. 118 per equity share including a share premium of Rs. 108 per equity share aggregating to Rs. 0.76 Crores will be reserved for subscription by eligible employees (the "Employee Reservation Portion"). The offer less the market maker reservation portion and employee reservation portion i.e. Net offer of 33,43,200 equity shares of face value of Rs. 10/- each at a price of Rs. 118 per equity share including a share premium of Rs. 108 per equity share aggregating to Rs. 39.45 Crores is herein after referred to as the "Net Offer". The offer and the net offer will constitute 26.41% and 24.60%, respectively, of the post offer paid up equity share capital of the company. The face value of the equity shares is Rs. 10/- each.
Price Band: Rs. 118/- per equity share of face value Rs. 10/- each.
The floor price is 11.8 times of the face value of the equity shares.
Bids can be made for a minimum of 2400 equity shares and in multiples of 1200 equity shares thereafter.