Vahh Chemicals IPO

IPO Details

• Open Date: 4 June 2026
• Close Date: 8 June 2026
• Minimum Investment: ₹2,40,000
• Lot Size: 2,000 shares
• Issue Price: ₹60 per share
• Listing: BSE SME
• Issue Size: ₹13.45 Crore
• Listing Date: 11 June 2026<a/li>

IPO Timeline

• Bidding Start: 4 June 2026
• Bidding Ends: 8 June 2026
• Allotment Finalisation: 9 June 2026
• Refund Initiation: 10 June 2026
• Demat Transfer: 10 June 2026
• Listing: 11 June 2026

About Vahh Chemicals Limited

Vahh Chemicals Limited, incorporated in 2019, is an ISO 9001:2015 certified company engaged in the manufacturing, supply, and trading of textile auxiliary chemicals. The company caters primarily to dyeing and printing houses by offering chemicals used in textile pre-treatment, dyeing, printing, and finishing processes. It also provides customised formulations tailored to customer requirements. As of September 2025, the company offered 92 SKUs across various textile substrates. Through its subsidiary, HSHS Nutraceuticals Limited, it also markets nutraceutical products under the Divine Nutrition brand across India.

Vahh Chemicals Limited IPO Overview

Vahh Chemicals Limited is launching a Fixed Price IPO worth ₹13.45 crore through a fresh issue of 22,42,000 equity shares. The IPO will open for subscription on 4 June 2026 and close on 8 June 2026. The allotment is expected on 9 June 2026, while listing on the BSE SME platform is scheduled for 11 June 2026. The issue price has been fixed at ₹60 per share with a face value of ₹10 per share. Investors can apply in lots of 2,000 shares. Marwadi Chandarana Intermediaries Brokers Pvt. Ltd. is the book running lead manager, while Kfin Technologies Limited acts as the registrar to the issue.

Vahh Chemicals Limited IPO Details

 

Particulars	Details
IPO Date	4 June 2026 to 8 June 2026
Listing Date	11 June 2026
Face Value	₹10 per share
Issue Price	₹60 per share
Lot Size	2,000 Shares
Total Issue Size	22,42,000 shares (aggregating up to ₹13.45 Cr)
Fresh Issue	22,42,000 shares (aggregating up to ₹13.45 Cr)
Offer for Sale	NA
Issue Type	Fixed Price IPO
Listing At	BSE SME
Share Holding Pre Issue	60,63,868 shares
Share Holding Post Issue	83,05,868 shares
Market Maker Portion	1,14,000 shares

 

Vahh Chemicals Limited IPO Reservation

 

Investor Category	Shares Offered
Retail	50.00% of the Net Issue
NII (HNI)	50.00% of the Net Issue

 

Vahh Chemicals Limited IPO Lot Size

 

Application	Lots	Shares	Amount
Retail (Min)	2	4,000	₹2,40,000
Retail (Max)	2	4,000	₹2,40,000
HNI (Min)	3	6,000	₹3,60,000

 

Vahh Chemicals Limited IPO Promoter Holding

 

Shareholding Status	Percentage
Pre-Issue	88.52%
Post-Issue	64.63%

 

Vahh Chemicals Limited IPO Valuation Overview

 

KPI	Value
Earnings Per Share (EPS)	₹5.00 (Post Issue)
Price/Earnings (P/E) Ratio	11.99x
Return on Net Worth (RoNW)	38.52%
Net Asset Value (NAV)	₹12.80
Return on Equity	65.40%
Return on Capital Employed (ROCE)	25.72%
EBITDA Margin	19.69%
PAT Margin	10.87%
Debt to Equity Ratio	1.64

Objectives of the Proceeds

• Funding incremental working capital requirements of the company – ₹5.84 crore
• Setting up a new manufacturing facility at Surat, Gujarat – ₹1.84 crore
• Repayment of existing loans and borrowings of the company – ₹1.79 crore
• Meeting general corporate purposes and strategic business requirements

Key Financials (₹ Crore)

Particulars	30 Sept 2025	31 Mar 2025
Assets	42.31	39.28
Revenue / Total Income	16.53	23.75
Profit After Tax	2.08	2.58
Reserves and Surplus	5.95	1.50
Total Borrowings	7.93	11.25

 

SWOT Analysis of Vahh Chemicals Limited

Strengths & Opportunities	Weaknesses & Threats
Experienced promoters with strong textile chemical industry knowledge.	Revenue concentration within textile industry increases sector dependence.
Customised formulations enhance customer retention and recurring orders.	Relatively small scale compared with larger chemical manufacturers.
Diverse portfolio of 92 SKUs serving multiple textile applications.	Raw material price volatility may impact operating margins.
Expansion through new Surat facility can boost production capacity.	Intense competition from organised and regional chemical suppliers.
Growing demand for speciality textile chemicals supports future growth.	Economic slowdown may reduce demand from textile processors.

Vahh Chemicals Limited IPO Strengths

• Experienced promoters and management team with strong industry expertise in textile chemicals.
• Long-standing relationships with a diversified customer base, supporting repeat business opportunities.
• Business model focused on customised chemical formulations tailored to client requirements.
• Wide product portfolio comprising 92 SKUs, catering to multiple textile applications.
• ISO 9001:2015 certification, demonstrating commitment to quality management standards.
• Established presence in Surat, a major textile processing hub, supporting market access.
• Strong distribution network, enabling efficient customer servicing and product delivery.
• Diversified operations through the nutraceutical business segment under the Divine Nutrition brand.
• Planned manufacturing facility expansion, expected to enhance production capabilities and support growth.
• Growing demand for specialty and performance textile chemicals, providing future business opportunities.

Peer Group Comparison

Company Name	EPS (Basic)	EPS (Diluted)	NAV (₹)	P/E (x)	RoNW (%)	P/BV Ratio
Vahh Chemicals Ltd.	4.99	4.99	12.80	10.62	38.52	4.42
Peer Group
Bhatia Colour Chem Ltd.	3.01	3.01	5.42	121.68	5.10	73.20