Published: 28 May 2026 | 4.31 AM
Last Updated: 28 May 2026 | 6.30 PM
IPO Overview / Intro
Vahh Chemicals IPO is a SME fixed price issue aggregating to Rs. 13.45 crore. The IPO consists entirely of a fresh issue of 22.42 lakh equity shares.
The IPO opens for subscription on 04 June 2026 and closes on 08 June 2026. The shares are proposed to be listed on the BSE SME platform with a tentative listing date of 11 June 2026.
Vahh Chemicals Ltd is engaged in manufacturing, supplying and trading textile auxiliary chemicals used in pre-treatment, dyeing, printing and finishing processes within the textile industry.
The company operates primarily on a B2B business model and offers customized textile chemical solutions catering to dyeing and printing houses. The company also has presence in nutraceutical products through its subsidiary business.
Key Highlights
| Particulars | Details |
|---|---|
| IPO Type | SME Fixed Price IPO |
| Issue Size | Rs. 13.45 Crore |
| Fresh Issue | Rs. 13.45 Crore |
| Offer For Sale | Nil |
| Issue Price | Rs. 60 Per Share |
| Face Value | Rs. 10 Per Share |
| Listing Exchange | BSE SME |
| Lot Size | 2,000 Shares |
| Retail Application | 4,000 Shares |
| Market Cap | Rs. 49.84 Crore |
| Listing Date | 11 June 2026 (Tentative) |
👉 | IPO GMP | IPO Reviews | IPO Subscription | IPO Allotment
Vahh Chemicals IPO GMP – Latest Update
| GMP Details | Value |
| Vahh Chemicals IPO GMP Today | Updating Soon |
| Kostak Rate | Updating Soon |
| Subject to Sauda | Updating Soon |
Vahh Chemicals IPO Subscription Status – Live Update
| Category | Subscription |
| Retail Category | Updating Soon |
| NII Category | Updating Soon |
| Total Subscription | Updating Soon |
IPO Details at a Glance
| Particulars | Details |
| IPO Date | 04 June 2026 to 08 June 2026 |
| Listing Date | 11 June 2026 |
| Face Value | Rs. 10 Per Share |
| Issue Price | Rs. 60 Per Share |
| Lot Size | 2,000 Shares |
| Issue Type | Fixed Price IPO |
| Listing At | BSE SME |
| Total Issue Size | 22,42,000 Shares |
| Fresh Issue | 22,42,000 Shares |
| Offer For Sale | Nil |
| Issue Size | Rs. 13.45 Crore |
| Reserved for Market Maker | 1,14,000 Shares |
| Net Offered to Public | 21,28,000 Shares |
| Shareholding Pre Issue | 60,63,868 Shares |
| Shareholding Post Issue | 83,05,868 Shares |
| Market Cap | Rs. 49.84 Crore |
IPO Timetable
| Event | Date |
| IPO Open Date | 04 June 2026 |
| IPO Close Date | 08 June 2026 |
| Basis of Allotment | 09 June 2026 |
| Refund Initiation | 10 June 2026 |
| Credit of Shares | 10 June 2026 |
| Listing Date | 11 June 2026 |
Reservation
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
| NII Shares Offered | 10,64,000 | 50.00% | 47.46% |
| Retail Shares Offered | 10,64,000 | 50.00% | 47.46% |
| Market Maker Shares Offered | 1,14,000 | Â | 5.08% |
| Total Shares Offered | 22,42,000 | 100.00% | 100.00% |
Lot Size
| Application Type | Lots | Shares | Amount |
| Retail Minimum | 2 | 4,000 | Rs. 2,40,000 |
| Retail Maximum | 2 | 4,000 | Rs. 2,40,000 |
| HNI Minimum | 3 | 6,000 | Rs. 3,60,000 |
Company Details
Vahh Chemicals Ltd was incorporated in 2019 and is an ISO 9001:2015 certified company engaged in manufacturing, supplying and trading textile auxiliary chemicals.
The company sources and blends various chemicals used in textile processing including pre-treatment, dyeing, printing and finishing applications. The company also provides customized chemical formulations based on client requirements.
As of September 30, 2025, the company offered 92 SKUs covering multiple textile substrates including cotton, polyester, silk and synthetic blends. The company also supplies specialty chemicals offering water repellence, flame resistance, anti-microbial properties, UV protection and wrinkle-free textile finishing.
The company mainly operates on a B2B model with a strong distribution network in Surat, Gujarat.
Competitive Strengths
| Key Strengths |
| Long-standing customer relationships |
| Customized textile chemical solutions |
| Diversified product portfolio |
| Strong Surat distribution network |
| Experienced promoter and management team |
| Presence in textile auxiliary chemicals |
IPO Objects
| Sr. No. | Objects of the Issue | Est Amt (Rs. Crore) |
| 1 | Funding incremental working capital requirements | 5.84 |
| 2 | Setting up new manufacturing facility at Surat | 1.84 |
| 3 | Repayment of company borrowings | 1.79 |
| 4 | General corporate purposes | Â |
Company Address
| Particulars | Details |
| Registered Office | Plot 2/5198 ETC, 5th Floor, 5003, World Trade Centre, Near Udhna Darawaja Ring Road, Surat, Gujarat – 395002 |
| Phone | +91 26 1234 4045 |
| accounts@divinenutrition.in |
Lead Manager & Registrar
| Particulars | Details |
| Lead Manager | Marwadi Chandarana Intermediaries Brokers Pvt. Ltd. |
| Registrar | Kfin Technologies Ltd. |
Financials
| Particulars (Rs. Crore) | 30 Sep 2025 | FY2025 |
| Total 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 & Surplus | 5.95 | 1.50 |
| Total Borrowings | 7.93 | 11.25 |
Valuation
Key Performance Indicators (KPI)
| KPI | Sep 2025 | FY2025 |
| ROE | 22.00% | 65.40% |
| ROCE | 16.98% | 25.72% |
| Debt/Equity | 0.66 | 1.64 |
| RoNW | 16.08% | 38.52% |
| PAT Margin | 12.57% | 10.87% |
| EBITDA Margin | 20.54% | 19.69% |
| Price to Book Value | 3.03 | 4.69 |
EPS & Valuation
| Particulars | Pre IPO | Post IPO |
| EPS (Rs.) | 4.26 | 5.00 |
| P/E (x) | 14.09x | 11.99x |
Shareholding Pattern
| Particulars | Pre Issue | Post Issue |
| Promoter Holding | 88.52% | 64.63% |
Chanakya View
Investment Summary
| Parameter | Observation |
| Business Segment | Textile Auxiliary Chemicals |
| Industry Outlook | Stable SME Opportunity |
| Revenue Growth | Moderate |
| Profitability | Healthy |
| Product Portfolio | Diversified |
| Customer Relationships | Strong |
| Valuation | Reasonable |
| SME Liquidity | Moderate |
Positives
| Strengths |
| Customized chemical solution business |
| Strong customer relationships |
| Healthy EBITDA margins |
| Expansion through new manufacturing facility |
| Reasonable valuation compared to peers |
| Working capital support from IPO proceeds |
Concerns
| Risks |
| Small-scale SME business |
| Dependence on textile industry demand |
| Regional concentration risk |
| Limited operating history |
| SME liquidity and volatility risk |
Vahh Chemicals operates in the textile auxiliary chemicals segment catering primarily to textile processing industries.
The company benefits from customized product offerings, established customer relationships and a focused B2B business model within Surat’s textile ecosystem.
Financially, the company has maintained healthy margins and profitability while also improving net worth position. The IPO proceeds are expected to support working capital requirements, debt repayment and manufacturing expansion.
At the issue price of Rs. 60 per share, the valuation appears relatively reasonable considering the company’s profitability metrics and operating margins.
However, investors should note that this remains a relatively small SME company with concentration towards textile sector demand and limited operating scale.
Risk-taking SME investors with medium to long-term perspective may consider the IPO for limited exposure.
FAQs
What is Vahh Chemicals IPO GMP today?
Vahh Chemicals IPO GMP today is currently updating in the grey market. Investors should monitor live GMP movement closer to listing for better sentiment assessment.
What is the Vahh Chemicals IPO price band?
Vahh Chemicals IPO issue price is fixed at Rs. 60 per share.
What is the Vahh Chemicals IPO lot size?
The minimum lot size for Vahh Chemicals IPO is 2,000 shares. Retail investors need to apply for minimum 4,000 shares amounting to Rs. 2,40,000.
When will Vahh Chemicals IPO list?
Vahh Chemicals IPO is expected to list on the BSE SME platform on 11 June 2026.
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