IPO Update: Devson Catalyst Jumps +66.23% on NSE Today; Three Issues Open | 21 Jul 2026, 10:00 AM IST
By ThePip Desk
Three IPOs are open for subscription on NSE and BSE today. Devson Catalyst Ltd. listed with a significant +66.23% gain, marking a strong debut.
The Indian primary market remains active this Tuesday, 21 July 2026, presenting a dynamic landscape for investors. Today’s update covers the issues currently open for subscription, the performance of companies that have recently listed on the exchanges, and a look at the upcoming IPOs scheduled to hit the market soon. Investors are tracking the performance of newly listed entities and evaluating fresh opportunities across both the mainboard and SME segments of NSE and BSE.
Open for Subscription
As of Tuesday, three IPOs are currently available for public subscription. Metalic Technoforge Ltd. commences its subscription period today, offering shares at ₹77. Investors interested in this issue can apply until 23 July 2026. Gulf Lloyds (India) Ltd. continues its subscription window, which began on 20 July and concludes on 22 July. Caliber Mining and Logistics Ltd.’s IPO, which opened on 17 July, closes today, 21 July 2026, making it the final opportunity for interested applicants to participate. Each of these issues has a lot size of 1 share, simplifying the minimum investment calculation.
| Company | Issue Price | Min. Investment | Subscription Window |
|---|---|---|---|
| Metalic Technoforge Ltd. | ₹77 per share | ₹77 | 2026-07-21 → 2026-07-23 |
| Gulf Lloyds (India) Ltd. | ₹100 per share | ₹100 | 2026-07-20 → 2026-07-22 |
| Caliber Mining and Logistics Ltd. | ₹424 per share | ₹424 | 2026-07-17 → 2026-07-21 |
Recent Listings
The performance of recently listed companies provides valuable insights into market sentiment. Devson Catalyst Ltd. delivered a significant listing gain of +66.23% on 16 July, resulting in a per-lot gain of ₹78.15. Kusumgar Ltd. also saw a strong debut with a +36.99% gain, translating to ₹155 per lot. Laser Power & Infra Ltd. and Atharva Poly-Plast Ltd. also posted positive gains. However, Seemax Resources Ltd. listed at a −20.00% loss, indicating the varied outcomes for IPOs. Alpine Texworld Ltd. listed today, 21 July, and Happy Steels Ltd., IC Electricals Company Ltd., and Teja Engineering Industries Ltd. also debuted recently, with their listing prices yet to be fully factored into public data.
| Company | Issue Price | Listing Price | Gain/Loss | Per-lot Gain/Loss |
|---|---|---|---|---|
| Alpine Texworld Ltd. | ₹105 | — | — | — |
| Happy Steels Ltd. | ₹66 | — | — | — |
| Laser Power & Infra Ltd. | ₹214 | ₹269 | +25.70% | ₹55 |
| Devson Catalyst Ltd. | ₹118 | ₹196.15 | +66.23% | ₹78.15 |
| Kusumgar Ltd. | ₹419 | ₹574 | +36.99% | ₹155 |
| IC Electricals Company Ltd. | ₹99 | — | — | — |
| Knack Packaging Ltd. | ₹170 | ₹186 | +9.41% | ₹16 |
| Seemax Resources Ltd. | ₹141 | ₹112.8 | −20.00% | −₹28.2 |
| Teja Engineering Industries Ltd. | ₹220 | — | — | — |
| Atharva Poly-Plast Ltd. | ₹60 | ₹69 | +15.00% | ₹9 |
Upcoming IPOs
The IPO pipeline remains robust with six new issues anticipated to open for subscription over the next few days. Cube Highways Trust and Shree Balaji (Mala) Textiles Ltd. are expected to open tomorrow, 22 July, followed by INDO-MIM Ltd., Lohia Corp Ltd., and Xtranet Technologies Ltd. on 23 July. Silverstorm Parks And Resorts Ltd. is scheduled to open on 24 July. These upcoming issues, spanning various industries and price points, provide a continuous flow of primary market opportunities for investors to consider for their portfolios.
| Company | Issue Price | Min. Investment | Expected Dates |
|---|---|---|---|
| Silverstorm Parks And Resorts Ltd. | ₹133 per share | ₹133 | 2026-07-24 → 2026-07-28 |
| Xtranet Technologies Ltd. | ₹127 per share | ₹127 | 2026-07-23 → 2026-07-27 |
| Lohia Corp Ltd. | ₹425 per share | ₹425 | 2026-07-23 → 2026-07-27 |
| INDO-MIM Ltd. | ₹485 per share | ₹485 | 2026-07-23 → 2026-07-27 |
| Shree Balaji (Mala) Textiles Ltd. | ₹70 per share | ₹70 | 2026-07-22 → 2026-07-24 |
| Cube Highways Trust | ₹152 per share | ₹152 | 2026-07-22 → 2026-07-24 |
Conclusion
With three IPOs currently open and six more slated to open in the coming days, the Indian primary market continues to offer a steady stream of investment opportunities across both the mainboard and SME segments. Investors are encouraged to conduct their own due diligence and review the details of each offering to align with their individual investment strategies and risk appetite.