Vahh Chemicals IPO
Open SmeCurrent GMP
₹5 (+8.33%)
Price Band
₹ 60 – 60
Lot Size
2000
Issue Size
₹13 Cr
Minimum Investment
₹240000 (4000 Shares)
Listing Date
11 June 2026
Subscription
87.22x
About the Company
Incorporated in 2019, Vahh Chemicals is an ISO 9001:2015 certified organization engaged in the manufacturing, supplying, and trading of textile auxiliary chemicals. The company sources and formulates a wide range of chemicals used across various stages of textile processing, including pre-treatment, dyeing, printing, and finishing. Its primary customers are dyeing and printing houses, and the company also develops customized formulations to meet their specific process and performance requirements.
As of September 30, 2025, Vahh Chemicals offers 92 SKUs catering to multiple textile substrates such as cotton, polyester, silk, and synthetic blends. The company additionally supplies specialty chemicals that impart functional properties including water repellence, flame resistance, anti-microbial protection, UV resistance, and wrinkle-free finishes.
Operating largely under a B2B business model, the company manages its operations from a facility spread across 301.25 square meters, supported by a strong and well-established distribution network in Surat.
Business Segments
- Trading
Distribution of textile chemicals used in pre-treatment, dyeing, printing, and finishing processes. - Blending
Development of customized chemical blends designed to enhance textile performance, quality, and processing efficiency. - Nutrition
Managed through its subsidiary HSHS Nutraceuticals Limited, this segment focuses on the development and marketing of nutraceutical products under the brand name “Divine Nutrition.” These products are sold across India through online marketplaces, supplement stores, and gym-based distributors.
Promoters
- Hiren Indravadan Desai
- Hetal Hirenbhai Desai
- Aayush Hiren Desai
Promoters Holding
Holding Pre Issue
88.52%
Holding Post Issue
64.63%
Objects of the Issue
The Company Vahh Chemicals IPO proposes to utilise the Net Proceeds from the Issue towards the following objects.
- Funding incremental working capital requirements of our Company
- Repayment of loan availed by our Company
- Setting up a new manufacturing facility at Surat, Gujarat (“Proposed facility”)
- General corporate purpose
Address / Contact Info
Vahh Chemicals Ltd.
Plot 2/5198 ETC, 5th Floor,5003,
World Trade Centre, Near Udhna Darawaja
Ring Road
Surat, Gujarat, 395002
Phone: +91 26 1234 4045
Email: accounts@divinenutrition.in
Website: http://www.vahhchemicals.com/
IPO Snapshot
IPO Timeline (Tentative)
IPO Open Date
Thursday, 04 June 2026
IPO Close Date
Monday, 08 June 2026
Basis of Allotment
Tuesday, 09 June 2026
Initiation of Refunds
Wednesday, 10 June 2026
Credit of Shares to Demat
Wednesday, 10 June 2026
Listing Date
Thursday, 11 June 2026 — NSE & BSE
Important Dates
Open Date
04 June 2026
Close Date
08 June 2026
Basis Of Allotment
09 June 2026
Listing Date
11 June 2026
Financial Performance (₹ in Crores)
| Particular | 31 Mar 2026 | 31 Mar 2025 |
|---|---|---|
| Assets | 43.87 | 39.28 |
| Revenue | 43.19 | 23.75 |
| Profit After Tax | 5.09 | 2.58 |
| Net Worth | 14.92 | 6.87 |
| Reserve & Surplus | 8.85 | 1.5 |
| Total Borrowings | 11.31 | 11.25 |
EPS Pre
8.39%
EPS Post
6.13%
P/E Pre
7.15
P/E (Post Issue)
9.79x
Company Financial Information
KPI Information (₹ in Crores)
| Particular | Mar 2026 | Mar 2025 |
|---|---|---|
| ROE % | 34.11 | 65.4 |
| ROCE % | 31.76 | 25.72 |
| Debt / Equity | 0.76 | 1.64 |
| RoNW % | 32.21 | 38.52 |
| PbW | 0 | 0 |
| Pat Margin % | 11.79 | 10.87 |
Return Ratio
IPO Reservations
| Category | Shares Offered | Shares Offered % | Max Allotee |
|---|---|---|---|
| Non-Institutional | 1064000 | 50 | 0 |
| Retail Investors | 1064000 | 50 | 0 |
| Total | 2128000 | 100 | 0 |
Subscription Status ( Mon, 08 Jun 26 01:36 PM)
| Category | Shares Offered | Shares Bid For | Subscription (x) |
|---|---|---|---|
| Qualified Institutions | 0 | 84000 | 0x |
| Non-Institutional | 1064000 | 78930000 | 74.18x |
| Retail Investors | 1064000 | 106596000 | 100.18x |
| Total | 2128000 | 185610000 | 87.22x |
Subscription figures are updated periodically and may change until issue closing. Data reflects bids placed across exchanges.
Peer Comparision
| Company | Face Value | PE Ratio | EPS Basic | EPS Diluted | RoNW | Net Assets |
|---|---|---|---|---|---|---|
| Vahh Chemicals Ltd | 10 | 7.50 | 8.00 | 8.00 | 32.21 | 24.60 |
| Bhatia Colour Chem Ltd | 10 | 18.07 | 2.95 | 2.95 | 4.00 | 73.80 |
Lot Size & Investment Details
| Application | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 2 | 4,000 | 240,000.00 |
| Retail (Max) | 2 | 4,000 | 240,000.00 |
| S-HNI (Min) | 3 | 6,000 | 360,000.00 |
Registrar
Kfin Technologies Limited
04067162222, 04079611000
reachus@kfintech.com
https://www.kfintech.com
Book Running Lead Managers
- Marwadi Chandarana Intermediaries Brokers Pvt. Ltd
RHP Document
DRHP Document
Disclaimer: This data is for informational purposes only and does not constitute investment advice. Figures shown are illustrative sample data.
Frequently Asked Questions
Everything you need to know before applying to an IPO.
Vahh Chemicals IPO is a Fixed price IPO worth ₹13 crores. The price band is ₹60 to 60 per share. The IPO opens on Thu, Jun 4, 2026 and closes on Mon, Jun 8, 2026. It will be listed on BSE and NSE. Kfin Technologies Limited is the registrar.
The Vahh Chemicals IPO opens on Thu, Jun 4, 2026 and closes on Mon, Jun 8, 2026
Vahh Chemicals IPO Price Band is ₹60 to 60.
Vahh Chemicals IPO lot size is 2000, and the minimum amount required for application is ₹240000.
The minimum investment for Vahh Chemicals IPO is approximately ₹240000 based on the upper price band.
To apply for the Vahh Chemicals IPO, investors can use the ASBA (Application Supported by Blocked Amount) process via their bank's net banking or apply through UPI using a registered broker or trading app. The IPO is available in retail, HNI, and institutional investor categories. Investors must select the lot size, enter bid details within the price band, and submit their application before the IPO closing date of Mon, Jun 8, 2026. After submission, funds are blocked until the basis of allotment of Vahh Chemicals IPO is finalised.
Vahh Chemicals IPO issue size is ₹13 crores.
Vahh Chemicals IPO allotment date is Sat, Jun 27, 2026.
The registrar for Vahh Chemicals IPO is Kfin Technologies Limited. Investors can go to Kfin Technologies Limited website for IPO allotment status, refund processing, and other queries related to Vahh Chemicals IPO through their official website or helpline.
The Vahh Chemicals IPO GMP (Grey Market Premium) is ₹5 as of Thu, Jun 11, 2026. Based on the upper price band of ₹60 per share, the estimated Vahh Chemicals IPO listing price is ₹65, indicating a potential listing gain of approximately 31% over the issue price.