Upcoming IPOs Next Week: Kusumgar and Devson Catalyst IPO Dates, Price Band, Issue Size

Summary

India’s primary market will remain active next week as two new public issues—Kusumgar Ltd and Devson Catalyst Ltd—are set to open for subscription. While Kusumgar brings a large mainboard IPO backed by a well-established technical textiles business, Devson Catalyst enters the SME platform with expansion plans in the industrial catalyst segment.

Why This IPO News Matters

After several successful listings in recent months, investor interest in the IPO market continues to stay strong. The coming week offers opportunities across both the mainboard and SME segments, giving investors exposure to two different industries with distinct growth stories.

Kusumgar IPO: Mainboard Issue Opens on July 8

Technical textile manufacturer Kusumgar Ltd will launch its mainboard IPO on July 8, with subscriptions remaining open until July 10.

The company has fixed the price band at ₹398–₹419 per share, while investors will have to apply for a lot size of 35 shares.

Unlike many recent IPOs, this issue is entirely an Offer for Sale (OFS), meaning existing promoters will dilute part of their holdings. Since no fresh shares are being issued, the company itself will not receive proceeds from the public issue.

Kusumgar manufactures engineered synthetic fabrics that are supplied to sectors such as defence, aerospace, automotive, industrial applications and outdoor products. The company believes a stock market listing will improve its corporate visibility and provide liquidity to existing shareholders.

Kusumgar IPO Snapshot

• IPO Opens: July 8, 2026
• IPO Closes: July 10, 2026
• Issue Size: ₹650 crore
• Price Band: ₹398–₹419 per share
• Lot Size: 35 shares
• Issue Type: 100% Offer for Sale

Devson Catalyst IPO: SME Issue to Open on July 9

Industrial catalyst manufacturer Devson Catalyst Ltd will open its SME IPO on July 9, with the issue closing on July 13.

The company plans to raise ₹42.34 crore through a mix of a fresh issue and an Offer for Sale. The IPO has been priced in the range of ₹112–₹118 per share.

The fresh capital will primarily be used for setting up a new manufacturing facility, supporting working capital requirements, and meeting general corporate expenses.

Investors applying under the retail category will have to bid for a minimum of two lots, making the entry investment comparatively larger than many SME offerings.

Devson Catalyst IPO Snapshot

• IPO Opens: July 9, 2026
• IPO Closes: July 13, 2026
• Issue Size: ₹42.34 crore
• Price Band: ₹112–₹118 per share
• Fresh Issue: ₹39.39 crore
• Offer for Sale: ₹2.95 crore
• Minimum Retail Application: 2 lots (2,400 shares)

What Investors Should Watch

Although both IPOs belong to different market segments, investors are expected to closely monitor:

• Subscription demand during the bidding period
• Grey market sentiment closer to listing
• Industry growth prospects
• Valuation compared with listed peers
• Company fundamentals and long-term expansion strategy

Market experts generally advise investors to evaluate business quality and financial performance rather than relying solely on short-term listing expectations.

Key Takeaway

Next week’s IPO calendar presents two distinct opportunities. Kusumgar targets the mainboard market with its established presence in technical textiles, while Devson Catalyst aims to expand its manufacturing capacity through fresh capital raised from the SME platform. As subscription windows open, investors will be watching demand trends and overall market sentiment before making their investment decisions.

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Disclaimer: This article is for informational purposes only and should not be considered investment advice. Investors should conduct their own research or consult a qualified financial advisor before making investment decisions.