November 14, 2022
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Vital Chemtech SME IPO Analysis @ Chanakyanipothi.com,
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Listing: The scrip on 14 Nov. 2022 got listed at Rs. 164 as against issue price of Rs. 101
Guidance: The Company is manufacturer and supplier of Phosphorus base chemicals. and there is good scope for specialty chemical manufacturers. The IPO size is large, and the retail portion can get oversubscribed by 5066 forms. There is sharp rise in the profits of the year 2021-22 and looking to its earnings, the IPO is reasonably priced. Grey market trends indicate strong fancy for this IPO. Strong returns on listing. Apply.
| Subscription Trend of last day | ||
| On 3.11.2022 at 5.00 pm | ||
| No. of | No. of times | |
| Shares offered | Subscribed | |
| QIB | 3037600 | 15.48 |
| NII | 912000 | 204.05 |
| Retail | 2130000 | 116.98 |
| Total | 6079600 | 79.33 |
Vital Chemtech Company Details
The Company is engaged in the business of manufacturing of Phosphorus Derivatives Products. The Company is manufacturer and supplier of Phosphorus base chemicals with highest quality practice and compliant with Highest Environmental, Health, and Safety (EHS) in chemical industry. The company has State of the Art Programmable Logic Controller (PLC) and Supervisory Control and Data Acquisition (SCADA) operated in integrated complex in PCPIR region
of Dahej, Gujarat, India for manufacturing of phosphorus base chemicals. Manufacturing Facility of the company is having integrated manufacturing facility for manufacturing of phosphorus base chemical. Its manufacturing Facility located in Dahej, Gujarat, has been certified with ISO 9001:2015, ISO 45001:2018 and ISO 14001:2015 from Bureau Veritas to maintain highest quality, environmental and safety practices. Its plant is ZLD (Zero Liquid Discharge) to ensure minimum emissions and waste generation. The state-of-the-art operation ensures organized uniflow state of the art manufacturing and supply sustainability to its valued customers.
Presently the company manufactures Phosphorus Trichloride (PCl3), Phosphorus Oxychloride (POCl3), Phosphorus Pentachloride (PCl5), Phosphorus Pentoxide (P2O5), Poly Phosphoric Acid (PPA) and Phosphorus Pentasulfide (P2S5) for its customers across segments such as Lifesciences, Crop Care, Specialty Chemicals, Textile Auxiliaries, Dyes, Pigments and Plastic Additives. Our company also does trade of its raw Material. The company is in the process of obtaining approval of Phosphorus Pentasulfide (P2S5) from its customers.
For more information, click www.vitalgroup.co.in
| Vital Chemtech IPO Details | |
| IPO opens on | 31 October 2022 |
| IPO closes on | 03 November 2022 |
| Issue Type | Book Built Issue IPO |
| Issue Size | up to 64,00,000 Shares /Rs 64.64 Crore |
| * Fresh Issue | Rs. 64.64 Cr approx. |
| * Offer for Sale | Up to Rs.0 Cr |
| Face Value per share: | Rs. 10 |
| Price Band | Rs. 95/101 |
| Employee discount | Rs. 0 per share |
| Retail Lot Size | 1200 Shares |
| Listing will at | NSE Sme |
| Shares offered to | ||
| Shares | Rs. (Cr) | |
| QIB (50 %) | 30,37,600 | 0 |
| NII (15 %) | 9,12,000 | 0 |
| RII (35 %) | 21,30,000 | 0 |
| Total Shares | 60,79,600 | 0 |
| Retail portion will be oversubscribed by | 5066 | |
| Forms | ||
| How much Shares to Apply? | ||
| Min Retail Application | 1200 Sh | Rs. 121200 |
| Max Retail Application | 1200 Sh | Rs. 121200 |
Promoters of the IPO
MR. VIPUL JATASHANKER BHATT
Objects of the IPO:
Working Capital Requirement
| Vital Chemtech IPO Tentative timetable | |
| IPO opens on | 31 October,2022 |
| IPO Closes on | 03 November,2022 |
| IPO Allotment on | 09 November,2022 |
| Unblocking of ASBA | 10 November,2022 |
| Credit to Demat Accounts | 11 November,2022 |
| Listing on | 14 November,2022 |
| Registered Office of Vital Chemtech | |
| B-406, Mondeal Heights, Opp. Karnavati Club, S. G. Highway, Ahmedabad-380015, Gujarat |
|
| Vital Chemtech IPO Lead Managers | |
| Beeline Capital Advisors Pvt. Ltd. | |
| Registrar to Vital Chemtech IPO | |
| Skyline Financial Services Pvt Ltd. |
| Vital Chemtech IPO Financial & Analytical Ratios | ||||
| Year | Total Income | Net Profit | EPS | RoNW |
| Rs. Cr | Rs. Cr | Rs. | % | |
| 2019-20 | 41.61 | 1.05 | 0.63 | 34.69 |
| 2020-21 | 47.68 | 2.94 | 1.75 | 49.17 |
| 2021-22 | 143.90 | 14.55 | 8.66 | – |
| Book Value of the Share on | 31.03.2022 | Rs.7.96 | ||
| Book Value of the Share | after the IPO | Rs.- | ||
| Offer Price | Rs. 101 | |||
| Ratio Analysis | |
| Upper Price Band/last EPS | (?) |
| Upper offer price/Book Value Ratio | (?) |
| Upper offer price/BV after IPO Ratio | (?) |
| Vital Chemtech IPO Peer Comparison: | |||
| as on date of DRHP | Total Income Rs. | Net Profit | PE Ratio |
| Rs Cr. | Rs. Cr | ||
| Neogen Chemicals Limited | 487.25 | 72.61 | |
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