Vahh Chemicals IPO
Fixed Price IPO | ₹13.00 Cr | Listing at BSE SME
Upcoming
IPO Open
Thu, Jun 04, 2026
IPO Close
Mon, Jun 08, 2026
Price Band
₹60.00 to ₹60.00
Market Cap (Pre-IPO)
₹49.84 Cr
IPO Details
| IPO Date | Jun 04, 2026 to Jun 08, 2026 |
| Listing Date | Tentative: Jun 11, 2026 |
| Face Value | ₹10.00 per share |
| Price Band | ₹60.00 to ₹60.00 |
| Lot Size | 2000 Shares (Minimum: ₹120,000.00) |
| Sale Type | Fresh Issue |
| Issue Type | Fixed Price IPO |
| Listing At | BSE SME |
| Issue Size | ₹13.00 Crores |
| Total Shares Offered | 2,242,000 shares |
| Fresh Issue | 2,128,000 shares |
| Offer For Sale | 2,242,000 shares |
Vahh Chemicals IPO Reservation
| Investor Category | Shares Offered |
|---|---|
| Retail Shares Offered | 10,64,000 |
| NII Shares Offered | 10,64,000 |
Vahh Chemicals IPO Lot Size
Investors can bid for a minimum of 4,000 shares and in multiples of 2,000 shares thereof.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 2 | 4,000 | ₹240,000 |
| Retail (Max) | 2 | 4,000 | ₹240,000 |
| S-HNI (Min) | 3 | 6,000 | ₹360,000 |
Vahh Chemicals Financial Information (Restated Consolidated)
| Period Ended | 30 Sep 2025 | 31 Mar 2025 |
|---|---|---|
| Assets | 42.31 | 39.28 |
| Total Income | 16.53 | 23.75 |
| Profit After Tax | 2.08 | 2.58 |
| EBITDA | 3.39 | 4.68 |
| NET Worth | 12.01 | 6.87 |
| Reserves and Surplus | 5.95 | 1.50 |
| Total Borrowing | 7.93 | 11.25 |
Amount in ₹ Cr
Key Performance Indicators
As of Monday, March 31, 2025| KPI | Values |
|---|---|
| ROE (Return on Equity) | 65.40% |
| ROCE (Return on Capital Employed) | 25.72% |
| Debt/Equity | 1.64 |
| RoNW (Return on Net Worth) | 38.52% |
| PAT Margin (Profit After Tax Margin) | 10.87% |
| EBITDA Margin | 19.69% |
| Price to Book Value | 4.69 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS Rs | 4.26 | 5.00 |
| P/E (x) | 14.09 | 11.99 |
| Promoter Holding | 88.52% | 88.52% |
Company Promoters
- Hiren Indravadan Desai
- Hetal Hirenbhai Desai
- and Aayush Hiren Desai are the company promoters.
Company Overview
Vahh Chemicals – Company Overview
- Incorporated in 2019, Vahh Chemicals is an ISO 9001:2015 certified company engaged in the manufacturing, supplying, blending, and trading of textile auxiliary chemicals.
Core Segments
- Trading: Distribution of textile chemicals for pre-treatment, dyeing, printing, and finishing
- Blending: Customized chemical formulations for textile processing
- Nutrition: Nutraceutical business through subsidiary operations
- The company supplies chemicals used across various stages of textile processing, including pre-treatment, dyeing, printing, and finishing applications.
- Its product portfolio includes 92 SKUs catering to textile substrates such as cotton, polyester, silk, and synthetic blends.
- Vahh Chemicals also provides specialty textile chemicals offering properties such as:
- Water repellence
- Flame resistance
- Anti-microbial protection
- UV resistance
- Wrinkle-free finishing
- The company mainly serves dyeing and printing houses and provides customized chemical blends according to customer requirements.
- It operates primarily on a B2B business model with a distribution network concentrated in Surat, Gujarat.
- Through its subsidiary HSHS Nutraceuticals Limited, the company is also engaged in the nutraceutical segment under the brand “Divine Nutrition.”
- As of September 30, 2025, the company had 29 employees.
Company Strengths
- Long standing relationships with a diversified customer base.
- Business Model focused on customized solutions and strong customer relationships.
- Experienced Promoters and management team.
Use of Proceeds
| 1) | Funding incremental working capital requirements of our Company | 5.84 |
| 2) | Setting up a new manufacturing facility at Surat, Gujarat (“Proposed facility”) | 1.84 |
| 3) | Repayment of loan availed by our Company | 1.79 |
| 4) | General corporate purposes |
Objectives
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
Vahh Chemicals IPO Peer Comparison
Vahh Chemicals peer comparison with similar listed entities. (As on March 31, 2025)| Company Name | EPS (Basic) | EPS (Diluted) | NAV (per share) (Rs) | P/E (x) | RoNW (%) | P/BV Ratio | Financial statements |
|---|---|---|---|---|---|---|---|
| Vahh Chemicals Ltd. | 4.99 | 4.99 | 12.80 | 10.62 | 38.52 | 4.42 | Consolidated |
| Bhatia Colour Chem Ltd. | 3.01 | 3.01 | 5.42 | 121.68 | 5.10 | 73.20 | Standalone |
Quick Info
| Sector | Chemicals and Materials |
| Exchange | BSE SME |
| Market Cap (Pre-IPO) | ₹49.84 Cr |
Important Dates
| IPO Open | Jun 04, 2026 |
| IPO Close | Jun 08, 2026 |
| Allotment Date | Jun 09, 2026 |
| Credit to Demat | Jun 10, 2026 |
| Listing Date | Tentative: Jun 11, 2026 |
Lead Manager(s)
Marwadi Chandarana Intermediaries Brokers Pvt.Ltd.
Registrar
Kfin Technologies Ltd.
04067162222, 04079611000
Description
- IPO Type: Fixed price issue aggregating to ₹13.45 crores.
- Issue Structure: Entirely a fresh issue of 0.22 crore shares totaling ₹13.45 crores.
- IPO Dates: The issue opens on June 4, 2026 and closes on June 8, 2026.
- Allotment Date: Expected to be finalized on June 9, 2026.
- Listing Details: Shares are proposed to be listed on the SME platform of BSE Limited (BSE SME) with a tentative listing date of June 11, 2026.
- Retail Investment Requirement: Minimum 2 lots (4,000 shares) amounting to approximately ₹2,40,000.
- HNI Investment Requirement: Minimum 3 lots (6,000 shares) totaling around ₹3,60,000.
- Issue Price: ₹60 per equity share.
- Lot Size: 2,000 shares per lot.
This IPO offers investors an opportunity to participate in the chemicals and industrial manufacturing sector, subject to market risks.