arrow_back Back to IPOs
VC

Vahh Chemicals

Allotted SME · Specialty Chemicals

Price Band

Issue Size

₹13.45 Cr

Lot Size

2,000 shares

Min Investment

₹240,000

GMP

+₹12.0 (20.0%)

Issue Price

₹60.0

calendar_month Important Dates

play_arrow
IPO Open Date
Thu, 04 Jun 2026
stop
IPO Close Date
Mon, 08 Jun 2026
assignment
Allotment Date
Tue, 09 Jun 2026 TODAY
currency_rupee
Refund Initiation
Wed, 10 Jun 2026 in 1d
account_balance
Credit of Shares
Wed, 10 Jun 2026 in 1d
rocket_launch
Listing Date
Thu, 11 Jun 2026 in 2d
Listing Price
₹72.0

bar_chart Subscription Status

Overall Subscription

1.32x

Subscribed
Category Subscription Status
NII (HNI)
1.33x
1.33x
Retail (RII)
1.30x
1.30x
Total 1.32x 1.32x

Auto-updated every 5 min · Day 3 Final

trending_up Grey Market Premium (GMP)

GMP

+₹12.0

GMP %

+20.0%

Est. Listing

₹72.0

Updated: 09 Jun 2026 22:43

business About the Company

Vahh Chemicals is an ISO 9001:2015 certified company engaged in the manufacturing, trading, and supply of textile auxiliary chemicals. The company offers a broad range of chemical solutions used across textile processing stages such as pre-treatment, dyeing, printing, and finishing. It primarily serves dyeing and printing units and also develops customized formulations based on specific customer requirements. As of September 30, 2025, the company’s portfolio includes 92 SKUs catering to multiple textile substrates including cotton, polyester, silk, and synthetic blends. It also provides specialty textile chemicals designed to deliver enhanced functional properties such as water repellency, flame resistance, antimicrobial protection, UV resistance, and wrinkle-free finishes. The company follows a primarily B2B business model and operates through a facility spread over approximately 301.25 square meters. It has built a strong distribution presence in Surat and serves customers through long-standing business relationships within the textile industry. Business operations are divided into three segments: Trading – Supply and distribution of textile chemicals used in pre-treatment, dyeing, and finishing applications. Blending – Development of customized chemical blends tailored to improve textile processing and fabric performance. Nutrition – Nutraceutical products marketed through its subsidiary, HSHS Nutraceuticals Limited, under the brand “Divine Nutrition.” These products are distributed across India through online marketplaces, supplement retailers, and gym distribution channels. Competitive strengths: Established relationships with a diversified customer base Customer-focused business model centered on customized chemical solutions Experienced promoters and management team with industry expertise

payments Company Financials (₹ Cr)

As of 2026-03-31

Period Ended 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

Key Ratios

EPS

₹8.39

NAV

₹12.80

ROE

65.40%

ROCE

25.72%

RoNW

38.52%

P/B Value

4.69

P/E Ratio

7.15

Market Cap

₹49.84 Cr

PAT Margin

10.87%

Debt/Equity

1.64

Promoters

Hiren Indravadan Desai, Hetal Hirenbhai Desai, and Aayush Hiren Desai are the company promoters.

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 Company 5.84 2 Setting up a new manufacturing facility at Surat, Gujarat (Proposed facility) 1.93 3 Repayment of loan availed by Company 1.84 4 General Corporate Purposes 2.02 Total 11.63

info Issue Details

Issue Type SME Book Built
Issue Size ₹13.45 Cr
Price Band ₹ (Fixed)
Issue Price ₹60.0
Lot Size 2,000 shares
Min Investment ₹240,000
Exchange
Sector Specialty Chemicals
Open Date 04 Jun 2026
Close Date 08 Jun 2026
Allotment 09 Jun 2026
Listing Date 11 Jun 2026

pie_chart Investor Allocation

QIB (Institutional) 50%
NII / HNI 15%
Retail (RII) 35%

Registrar

domain Kfin Technologies Ltd.

Lead Managers / Book Running

account_balance Marwadi Chandarana Intermediaries Brokers Pvt.Ltd.

timeline IPO Timeline

check

Open

04 Jun 2026

check

Close

08 Jun 2026

Allotment

09 Jun 2026

Listing

11 Jun 2026