Vahh Chemicals Limited
Fixed Price IPO · BSE
- Price band
- ₹60 - ₹60
- Lot size
- 2,000 shares
- Issue amount
- ₹13.45 cr
- Total subscription
- 87.17×
- Opens
- 4 Jun 2026
- Closes
- 8 Jun 2026
- Allotment
- 9 Jun 2026
- Listing
- 11 Jun 2026
Offer at a glance
Issue overview
- Issue size
- 22,42,000 shares
- Face value
- ₹10 per share
- Minimum investment
- ₹1,20,000
- Fresh issue
- ₹13.45 cr
- Offer for sale
- ₹0 cr
- Registrar
- Kfin Technologies Limited
- Listing exchange
- BSE
- Maximum investment
- ₹1,20,000
- Issue type
- Fixed Price IPO
- Shares before issue
- 60,63,868
- Shares after issue
- 83,05,868
Lot sizes
| Category | Lots | Shares | Amount |
|---|---|---|---|
| RETAIL | 2 | 4,000 | ₹2,40,000 |
| sHNI | 3 | 6,000 | ₹3,60,000 |
Share reservation
Subscription & GMP
Subscription by category
Reported 8 Jun 2026
GMP history
Day-wise demand
Application-wise demand
| Category | Reserved applications | Applied applications |
|---|---|---|
| QIB | 0 | 8 |
| NIB | 0 | 9,591 |
| RETAIL | 266 | 26,649 |
| EMPLOYEES | 0 | 0 |
| HNIs (2-10L) | 177 | 9,590 |
Subscription demand
Amounts in ₹ crore. HNI subcategories are included in the NII total.
| Category | Offered | Demand |
|---|---|---|
| QIBs | 0 | 0.5 |
| FIs | 0 | 0.04 |
| RETAIL | 6.38 | 638.95 |
Financial performance
Company financials
In Crores · Reported periods may include interim results.
Key performance indicators
| Metric | Mar-26 | Mar-25 | Mar-24 |
|---|---|---|---|
| EPS | 8 | 4.99 | 0.65 |
| ROE | 34.11 | 37.59 | 33.55 |
| ROCE | 0 | 0 | 0 |
| RONW | 34.54 | 32.21 | 38.52 |
| PRE IPO(PE) | 7.15 | 0 | 0 |
| POST IPO(PE) | 9.79 | 0 | 0 |
Values and labels as reported in the issue data.
Peer comparison
| Company | P/E(X) | CMP* (₹) | Face value (₹) | NAV/Share (₹) | RONW(%) | EPS (Basic) (₹) |
|---|---|---|---|---|---|---|
| Bhatia Colour Chem Limited | 18.07 | 53.30 | 10.00 | 73.8 | 4.00 | 2.95 |
| Vahh Chemicals Limited | 7.5 | 60.00 | 10.00 | 24.6 | 32.21 | 8.0 |
Company information
Company profile
Incorporated in 2019, Vahh Chemicals is an ISO 9001:2015 certified company that manufactures, supplies, and trades textile auxiliary chemicals. It offers a wide range of chemicals for pre-treatment, dyeing, printing, and finishing, serving dyeing and printing houses with both standard and customized formulations. As of September 30, 2025, the company provides 92 SKUs for various textiles like cotton, polyester, silk, and synthetic blends, including specialty chemicals for water repellence, flame resistance, anti-microbial properties, UV protection, and wrinkle-free finishes. Operating primarily on a B2B model from a 301.25 square meter facility in Surat, Vahh Chemicals runs three business segments: Trading, for distribution of textile chemicals; Blending, for customized chemical solutions; and Nutrition, through its subsidiary HSHS Nutraceuticals Limited, which markets nutraceutical products under the brand “Divine Nutrition” across India.
Strengths
- Diversified Chemical Products: Engaged in manufacturing of specialty chemicals used in various industries, which helps reduce dependence on a single market segment.
- Growth Opportunity: Rising demand for specialty and performance chemicals in sectors like paints, adhesives, and industrial applications supports potential expansion.
- Operational Experience: Existing manufacturing experience and product portfolio support continuity and customer relationships.
Risk factors
- Capital Intensive Operations: Chemical manufacturing requires ongoing investment in plant, machinery, and raw materials.
- Raw Material Price Volatility: Profit margins can be impacted by fluctuations in input costs.
- Competitive Industry: Faces competition from both larger chemical companies and local manufacturers.
Promoters
Hiren Indravadan Desai
Hetal Hirenbhai Desai
Aayush Hiren Desai
Registrar & documents
Lead manager
Marwadi Chandarana Intermediaries Brokers Private Limited
Registrar & contacts
Kfin Technologies Limited
[email protected]Official registrar portal ↗IPO allotment status guide →Registered office
Plot 2/5198 ETC, 5th Floor,5003, World Trade Centre, Near Udhna Darawaja Ring Road Surat, Gujarat, 395002
+91 26 1234 4045
[email protected]Company website ↗Understanding VAHH IPO data
Compare the price band and required investment with the company profile, financial results and offer documents. Subscription figures show reported demand by category; they do not establish the value of the business. GMP is an unofficial indication and can change before listing.