IPO details · Updated
Vahh Chemicals Limited
- Price Band
- ₹60
- Lot Size
- 2,000 shares
- Min. Investment
- ₹1,20,000
- Issue Size
- ₹13.45 Cr
- Offer Dates
- 4 Jun – 8 Jun 2026
- Listing
- 11 Jun 2026
Issue Details
- Total Issue Size
- ₹13.45 Cr
- 22,42,000 shares
- Fresh Issue
- ₹13.45 Cr
- 22,42,000 shares
- Offer for Sale
- ₹0 Cr
- Face Value
- ₹10 per share
- Issue Type
- Book-built IPO
- Listing At
- BSE SME
- Shares Pre-Issue
- 60,63,868
- Shares Post-Issue
- 83,05,868
IPO Timeline
Offer opens
4 Jun 2026
Offer closes
8 Jun 2026
Allotment
9 Jun 2026
Listing
11 Jun 2026
Issue Allocation
Share of the offer reserved for each investor category
- HNI47.5%10,64,000 shares
- Retail47.5%10,64,000 shares
- MarketMaker5.1%1,14,000 shares
Subscription Status
Times subscribed by investor category
| Category | Offered | Bids | Subscribed |
|---|---|---|---|
| NII | 10,64,000 | 7,88,21,120 | 74.08x |
| Retail | 10,64,000 | 10,65,91,520 | 100.18x |
| Total | 21,28,000 | 18,54,12,640 | 87.13x |
Lot Size & Investment
1 lot = 2,000 shares
Retail (min)
2 lots · 4,000 shares
Retail (max)
2 lots · 4,000 shares
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail | 2 | 4,000 | ₹2,40,000 |
Financial Performance
Restated figures in ₹ crore, unless stated otherwise
| Period | Mar-26 | Mar-25 |
|---|---|---|
| Assets | 43.87 | 39.28 |
| Total Income | 43.19 | 23.75 |
| Profit After Tax | 5.09 | 2.58 |
| EBITDA | 8.23 | 4.68 |
| Net Worth | 14.92 | 6.87 |
| Reserves & Surplus | 8.85 | 1.5 |
| Total Borrowing | 11.31 | 11.25 |
Key Performance Indicators
| Period | Mar-26 | Mar-25 |
|---|---|---|
| ROE (%) | 34.11 | 65.4 |
| ROCE (%) | 31.76 | 25.72 |
| EPS (₹) | — | 8.39 |
| P/E (pre-issue) | — | 7.15 |
| P/E (post-issue) | — | 9.79 |
Peer Comparison
Listed companies in the same business
| Company | P/E | ROE |
|---|---|---|
| Bhatia Colour Chem Ltd. | 18.07 | 4% |
About Vahh Chemicals Limited
Incorporated in 2019, Vahh Chemicals is an ISO 9001:2015 certified company engaged in manufacturing, supplying, and trading textile auxiliary chemicals. The company sources and blends a wide range of chemicals used in textile processing, including pre-treatment, dyeing, printing, and finishing. Its main customers are dyeing and printing houses, and the company also provide customized chemical formulations to meet their specific requirements. As of September 30, 2025, the company offers 92 SKUs covering various textile substrates such as cotton, polyester, silk, and synthetic blends. It also supply specialty chemicals that add functional properties like water repellence, flame resistance, anti-microbial effects, UV protection, and wrinkle-free finishes. The company had a total of 29 employees as of September 30, 2025. The company operates mainly on a B2B model. Its facility covers about 301.25 square meters, and it has a strong distribution network in Surat. The business operates under three segments: Trading – Distribution of textile chemicals for pre-treatment, dyeing, and finishing. Blending – Customized chemical blends to enhance textile quality. Nutrition – Nutraceutical products developed and marketed by subsidiary, "HSHS Nutraceuticals Limited" which markets products under the brand “Divine Nutrition”. These products are sold across India through online platforms, supplement stores, and gym distributors Competitive strengths Long standing relationships with a diversified customer base. Business Model focused on customized solutions and strong customer relationships. Experienced Promoters and management team.
Objects of the Issue
- Funding incremental working capital requirements of Company (₹5.84 Cr)
- Setting up a new manufacturing facility at Surat, Gujarat (Proposed facility) (₹1.93 Cr)
- Repayment of loan availed by Company (₹1.84 Cr)
- General Corporate Purposes (₹2.02 Cr)
- Issue expenses (₹1.82 Cr)
Promoters
- Hiren Indravadan Desai
- Hetal Hirenbhai Desai
- Aayush Hiren Desai
Company Information
- Book running lead managers
- Marwadi Chandarana Intermediaries Brokers Pvt.Ltd.
- Registered office
- Plot 2/5198 ETC, 5th Floor, 5003, World Trade Centre, Near Udhna Darawaja, Ring Road, Surat, Gujarat, 395002
- Market maker
- Mansi Share & Stock Broking Pvt.Ltd.
Official Documents
Opens the source filing in a new tab
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Disclaimer: Data on OpenIPO is for information only and is not investment advice. OpenIPO is not a SEBI-registered entity. GMP figures are unofficial estimates and may change. Verify all details against the company RHP and the official registrar before investing.