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IPOs, NCDs, OFS, Rights Issues, Buyback and Stock Brokers

IPO Open

Thu, Jun 4, 2026

IPO Close

Mon, Jun 8, 2026

Price Band

₹60 per share

Market Cap (Pre-IPO)

₹49.84 Cr

IPO Details

  • IPO Date
    4 to 8 Jun, 2026
  • Listing Date
    Thu, Jun 11, 2026T
  • Face Value
    ₹10 per share
  • Issue Price
    ₹60 per share
  • Lot Size
    2,000 Shares
  • Sale Type
    Fresh capital only
  • Issue Type
    Fixed Price IPO
  • Listing At
    BSE SME
  • Total Issue Size
    22,42,000 shares (agg. up to ₹13 Cr)
  • Reserved for Market Maker
    1,14,000 shares (agg. up to ₹0.6840 Cr)
  • Fresh Issue (Ex Market Maker)
    21,28,000 shares (agg. up to ₹13 Cr)
  • Offer for Sale
    21,28,000 shares (agg. up to ₹13 Cr)
  • Net Offered to Public
    10,64,000 shares (agg. up to ₹34 Cr
  • Share Holding Pre Issue
    60,63,868 shares
  • Share Holding Post Issue
    83,05,868 shares

IPO Timetable (Tentative)

  • IPO Open
    Thu, Jun 4, 2026
  • Allotment
    Tue, Jun 9, 2026
  • Credit of Shares
    Wed, Jun 10, 2026
  • IPO Close
    Mon, Jun 8, 2026
  • Refund
    Wed, Jun 10, 2026
  • Listing
    Thu, Jun 11, 2026

Issue Reservation

Vahh Chemicals IPO comprises a total issue size of 22,42,000 shares. The net offer to the public is 21,28,000 shares, after excluding 1,14,000 shares allotted on a firm basis. Of the Net offer 10,64,000 (50.00%) allocated to NII 10,64,000 (50.00%) allocated to RII.

Investor Category Shares Offered % of Net Issue % of Total Issue
NII (HNI) Shares Offered 10,64,000 50.00% 47.46%
Retail Shares Offered 10,64,000 50.00% 47.46%
Firm Reservations
Market Maker Shares Offered 1,14,000 5.08%
Total Shares Offered 22,42,000 100.00% 100.00%

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
Individual investors (Retail) (Min) 2 4,000 ₹2,40,000
Individual investors (Retail) (Max) 2 4,000 ₹2,40,000
HNI (Min) 3 6,000 ₹3,60,000

IPO Subscription Details

About Vahh Chemicals Ltd.

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:

  1. Trading– Distribution of textile chemicals for pre-treatment, dyeing, and finishing.
  2. Blending– Customized chemical blends to enhance textile quality.
  3. 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.

Company Financials (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 ₹ Crore

Recently Listed IPOs in Chemicals & Petrochemicals

Company Issue Type Issue Size Listing Day Close Listing Gain/Loss %
Biopol Chemicals Ltd. SME ₹31.26 Cr ₹105.50 -2.31%
Neochem Bio Solutions Ltd. SME ₹44.97 Cr ₹111.80 +14.08%
Sudeep Pharma Ltd. Mainboard ₹895.00 Cr ₹774.15 +30.55%

IPO Objects of the Issue

The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:

  • # Issue Objects
    Est Amt (₹ Cr.)
  • 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

Key Performance Indicator (KPI)

Key Performance Indicator (KPI)

KPI Sep 30, 2025 Mar 31, 2025
ROE 22% 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
Check IPO Peer Comparison here.
Pre IPO Post IPO
EPS (₹) 4.26 5.00
P/E (x) 14.09 11.99
Promoter Holding 88.52% 64.63%
Market Cap ₹49.84 Cr.
Hiren Indravadan Desai, Hetal Hirenbhai Desai, and Aayush Hiren Desai are the company promoters.
  • The value will be calculated using Equity Dilution = Share Holding Pre Issue – Share Holding Post Issue
  • The Pre IPO EPS is calculated based on Pre issue shareholding as on date of RHP and the latest FY earnings as of March 31, 2025 available in RHP.
  • The Post Issue EPS is calculated based on the Post issue shareholding and annualized FY earnings of September 30, 2025 available in RHP.

IPO Registrar

Kfin Technologies Ltd.

IPO Lead Manager(s)

  1. Marwadi Chandarana Intermediaries Brokers Pvt.Ltd.  (Past IPO Performance)

Lead Manager Reports

  • Lead Manager Performance Summary
  • Lead Manager Performance Tracker

Contact Details

Vahh Chemicals Ltd. Address
Plot 2/5198 ETC, 5th Floor,5003,
World Trade Centre, Near Udhna Darawaja
Ring Road
Surat, Gujarat, 395002

IPO FAQs

Vahh Chemicals IPO is a SME IPO of 22,42,000 equity shares of the face value of ₹10 aggregating up to ₹13 Crores. The issue is priced at ₹60 per share. The minimum order quantity is 2000.

The IPO opens on Thu, Jun 4, 2026, and closes on Mon, Jun 8, 2026.

Kfin Technologies Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE SME.

Angel One customers can apply online in Vahh Chemicals IPO using UPI as a payment gateway. Angel One customers can apply in Vahh Chemicals IPO by login into Angel One Console (back office) and submitting an IPO application form.

Steps to apply in Vahh Chemicals IPO through Angel One

Visit the Angel One website and login to Console.
Go to Portfolio and click the IPOs link.
Go to the ‘Vahh Chemicals IPO’ row and click the ‘Bid’ button.
Enter your UPI ID, Quantity, and Price.
Submit IPO application form.
Visit the UPI App (net banking or BHIM) to approve the mandate.
Visit Angel One IPO Application Process Review for more detail.

The Vahh Chemicals IPO opens on Thu, Jun 4, 2026 and closes on Mon, Jun 8, 2026.

Vahh Chemicals IPO lot size is 2000, and the minimum amount required for application is ₹2,40,000, with 2 lots being the minimum application size.

You can apply in Vahh Chemicals IPO online using either UPI or ASBA as a payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO Application is offered by brokers who don’t offer banking services. Read more detail about applying IPO online through Angel One, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.

The finalization of Basis of Allotment for Vahh Chemicals IPO will be done on Tuesday, June 9, 2026, and the allotted shares will be credited to your demat account by Wed, Jun 10, 2026. Check the Vahh Chemicals IPO allotment status.

The Vahh Chemicals IPO listing date is not yet announced. The tentative date of listing is Thu, Jun 11, 2026.

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