Vahh Chemicals IPO- Company Analysis
Vahh Chemicals IPO under the SME IPO category is a fixed price issue of Rs. 13.45 Cr by Vahh Chemicals Limited and is an ISO 9001:2015 certified business that produces, distributes, and deals in textile auxiliary chemicals. Pre-treatment, dyeing, printing, and finishing are just a few of the many chemicals used in textile manufacturing that the company sources and combines. The company's primary clients are printing and dyeing houses, and it also offers specialized chemical formulas to satisfy their unique needs.
The company operates under three segments:
-
Trading: Distributing textile chemicals for finishing, dyeing, and pre-treatment.
-
Blending: Tailored chemical combinations to improve the quality of textiles.
-
Nutrition: "HSHS Nutraceuticals Limited" is a subsidiary that develops and sells nutraceutical goods under the "Divine Nutrition" brand. Online retailers, supplement shops, and gym distributors sell these goods all over India.
Vahh Chemicals IPO Details
The Vahh Chemicals IPO date of opening is 04 Jun 2026, its initial public offering will end on 08 Jun, IPO allotment on Jun 09 and refund initiation on Jun 10, 2026.
The Rs. 13.45 crore new SME IPO comprises a wholly fresh issue of 0.22 crore shares.
The Vahh Chemicals IPO listing date (expected) might be Thursday, Jun 11, 2026, and listing at the BSE and SME.
The Vahh Chemicals IPO price band is Rs. 60.
IPO Timetable (Tentative)
|
Events |
Date |
|
IPO Opening Date |
Jun 04, 2026 |
|
IPO Closing Date |
Jun 08, 2026 |
|
IPO Allotment Date |
Jun 09, 2026 |
|
Refund Initiation |
Jun 10, 2026 |
|
IPO Listing Date |
Jun 11, 2026 |
Click to open demat account and apply for the IPO.
Company Financials
(Amount in Cr)
|
Particulars |
31 Mar 2026 |
31 Mar 2025 |
|
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 and Surplus |
8.85 |
1.50 |
|
Total Borrowing |
11.31 |
11.25 |
Cash Flows
(Amount in lac)
|
Net Cash Flow |
31 Mar 2026 |
31 Mar 2025 |
31 Mar 2024 |
|
Net Cash Flow Operating Activities |
(369.83) |
(567.79) |
(213.56) |
|
Net Cash Flow Investing Activities |
(1.32) |
(28.92) |
(0.40) |
|
Net Cash Flow Financing Activities |
186.93 |
782.38 |
263.91 |
Revenue Bifurcation
(Rs. in Lac)
(Source: RHP)
The Objective of the Issue
The company desires to use the Net Proceeds from the Issue to fulfill its following goals:
-
Funding the incremental working capital requirements of the Company. ~ Rs. 5.84 Cr.
-
Setting up a new manufacturing facility at Surat, Gujarat (Proposed facility). ~ Rs. 1.93 Cr.
-
Repayment of the loan availed by the Company. ~ Rs. 1.84 Cr.
-
General Corporate Purposes. ~ Rs. 2.02 Cr.
Listed Peers of Vahh Chemicals Ltd.
|
Name of Company |
Face Value (Rs. ) |
Basic EPS (₹) |
PE Ratio (x) |
|
Bhatia Colour Chem Limited |
10 |
2.95 |
18.07 |
Valuation
|
KPI |
Value (Mar 31, 2025) |
|
ROE |
65.40% |
|
ROCE |
25.72% |
|
Debt to Equity |
1.64 |
|
RoNW |
38.52% |
|
PAT Margin |
10.87% |
|
EBITDA Margin |
19.69% |
|
Price to Book Value |
4.69 |
Evaluation of P/E Ratio
Considering the period ended on FY 2026 with an EPS of Rs. 8 from the last year, the resulting P/E ratio is 7.5x.
Explore the Hexagon Nutrition IPO.
IPO's Strengths
-
Long-standing relationships with a diversified customer base.
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Business Model focused on customized solutions and strong customer relationships.
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Experienced Promoters and management team.
IPO's Weaknesses
-
Geographical Concentration Risk.
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Raw Material Supply & Price Risk.
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Operational Facility Risk.
Vahh Chemicals IPO GMP (Grey Market Premium)
Vahh Chemicals IPO GMP today is Rs. 11 as of 06 June 2026, while writing this information. A price band set at Rs. 60 suggests that the estimated listing price of the IPO could be around Rs. 71, indicating a gain/loss of 18.33%
Vahh Chemicals IPO Summary
|
IPO Opening & Closing Date |
04 Jun, 2026 to 08 Jun, 2026 |
|
Face Value |
Rs. 10 per Share |
|
Issue Price |
Rs. 60 per Share. |
|
Lot Size |
2000 Shares |
|
Issue Size |
22,42,000 Shares (Rs. 13 Cr) |
|
Offer for Sale |
- |
|
Fresh Issue |
21,28,000 Shares (Rs. 13 Cr) |
|
Listing at |
BSE, SME |
|
Issue Type |
Book build Issue |
|
Registrar |
Kfin Technologies Ltd. |
IPO Lot Details
Retail investors can invest in a minimum and maximum of 2 Lots (4000 Shares) for Rs. 2,40,000, and in multiples thereof, while HNI investors can invest in a minimum of 3 Lots (6000 Shares) for Rs. 3,60,000.
| Minimum Lot Investment (Retail) |
2 Lots |
|
Maximum Lot Investment (Retail) |
2 Lots |
|
HNI (Min) |
3 Lots |
Vahh Chemicals IPO Allotment Status
To check the Vahh Chemicals IPO Allotment Status, visit the official Registrar’s website or BSE website. Below are the website links for you.
Using BSE Website - BSE IPO allotment status
Promoters And Management of Vahh Chemicals Ltd.
-
Hiren Indravadan Desai
-
Hetal Hirenbhai Desai
-
Aayush Hiren Desai.
|
Pre-Issue Promoter Shareholding |
88.52% |
|
Post-Issue Promoter Shareholding |
64.63% |
IPO Lead Managers
Marwadi Chandarana Intermediaries Brokers Pvt. Ltd.
Dividend Policy
The company has not paid a dividend during the last three financial years.
Conclusion
With revenue, EBITDA, and profit almost double from the prior year, Vahh Chemicals Limited demonstrated robust financial growth in FY 2026, indicating improved corporate success. In order to promote future growth and operational efficiency, the IPO proceeds will be utilized for working capital, capacity expansion, and debt reduction. But before making an investment, investors also need to take into account concerns, including geographic concentration, volatility in raw material prices, and comparatively high debt levels.
Other Related Blogs:- Aureate IPO, Hegagon Nutrition IPO
Finowings IPO Analysis
Hope you enjoyed the Finowings IPO Analysis. We tried our best to give every required detail about the company that you should know before applying to the IPO.
You must consult your financial advisor before making any financial decisions.
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DISCLAIMER: This blog is NOT any buy or sell recommendation. No investment or trading advice is given. The content is purely for educational and information purposes only. Always consult your eligible financial advisor for investment-related decisions.
