Vahh Chemicals SME: Check IPO Date, Live Subscription and Key Details
Vahh Chemicals Limited, incorporated in 2019, is an ISO 9001:2015 certified company engaged in the manufacturing, trading, and supply of specialized textile auxiliary chemicals. The company offers a broad range of 92 SKUs covering chemical solutions utilized across various textile processing stages such as pre-treatment, dyeing, printing, and finishing for cotton, polyester, silk, and synthetic blends. It functions via a primary B2B model in the Surat textile cluster, developing tailored formulations like water repellency, antimicrobial protection, and flame resistance. Additionally, through its subsidiary HSHS Nutraceuticals Limited, the company operates a B2C health supplement brand named 'Divine Nutrition' across pan-India channels.
Price Range
₹60.00
Issue Size
₹13.45 Cr
Lot Size
2,000 shares
IPO Type
BSE SME
GMP
₹11(+18.33%)
Est. Listing Price
₹71
Estimate Profit
₹44,000
Retail Portion
50.00%
Key Metrics
Check Live GMPGMPFace Value
₹10
EPS
6.13
P/E Ratio
9.79
RoNW
32.21%
ROE
34.11%
Debt to Equity
0.76
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Timeline
IPO Opens
4 Jun
IPO Closes
8 Jun
Allotment
9 Jun
Listing
11 Jun
IPO Timeline & Listing Details
| Event | Date | Details |
|---|---|---|
| IPO Open Date | 4 June 2026 | Subscription starts |
| IPO Close Date | 8 June 2026 | Subscription ends |
| Allotment Date | 9 June 2026 | Allotment |
| Listing Date | 11 June 2026 | Listing |
Investment Categories
| Category | Lots | Amount |
|---|---|---|
Individual | 2 | ₹2,40,000 |
SHNI (Min) | 3 | ₹3,60,000 |
SHNI (Max) | 8 | ₹9,60,000 |
BHNIAbove ₹10,00,000 | 9 | ₹10,80,000 |
IPO Reservation Details
| Category | Reservation |
|---|---|
| QIB (Qualified Institutional Buyer) | 0.00% |
| NII (Non-Institutional Investor) | 50.00% |
| Retail | 50.00% |
| Market Maker | 5.08% |
| Total | 100.00% |
IPO Objectives
- Funding incremental working capital requirements of the Company (₹5.84 Cr).
- Setting up a new manufacturing facility at Surat, Gujarat (Proposed facility) (₹1.93 Cr).
- Repayment of existing borrowing availed by the Company (₹1.84 Cr).
- General Corporate Purposes (₹2.02 Cr).
Strengths
- The company exhibits Robust Financial Expansion, with revenue jumping by 82% and Profit After Tax (PAT) expanding by 97% between FY25 and FY26, showcasing high-pace scaling indicators.
- It benefits from Segment Diversification, operating a specialized, stable B2B industrial formulation layer alongside a high-margin consumer B2C health supplement brand via 'Divine Nutrition'.
- The firm maintains a Tailored Formulation Focus, building an integrated blending pipeline that manages 92 active chemical SKUs designed for multi-substrate performance metrics.
- The business delivers Healthy Operating Multipliers, showcasing excellent operational efficiency parameters with a post-issue RoNW of 32.21% and an EBITDA margin of 19.06%.
Weaknesses
- There is a Highly Localized Footprint, as core industrial operations and auxiliary distribution pipelines remain deeply bound to the Surat textile hub.
- The issue faces Fixed Sizing Price Limitations, being structured as a Fixed Price Issue rather than a Book Built framework, which eliminates the advantages of organic, dynamic price discovery workflows.
- The company experiences High Public Allotment Stress because the allocation structure sets aside 0% directly for institutional blocks (QIBs), relying entirely on retail and HNI support to secure post-listing stock stabilization.
- It carries a Relatively Elevated Issue Cost Structure, where out of the ₹13.45 Cr overall issue capital, a notable ₹1.82 Cr goes directly toward issue management expenditures.
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Financial Performance
| Period Ended | 31 Mar 2026 | 31 Mar 2025 |
|---|---|---|
| Assets (₹ Cr.) | 43.87 | 39.28 |
| Revenue (₹ Cr.) | 43.19 | 23.75 |
| PAT (₹ Cr.) | 5.09 | 2.58 |
| Net Worth (₹ Cr.) | 14.92 | 6.87 |
Peer Comparison
| Company | P/B Ratio | P/E Ratio | RONW (%) | Net Worth (₹ Cr.) |
|---|
Subscription Details
No daily bids available.
No subscription statistics available.
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Company Details
- Vahh Chemicals Ltd.
- Plot 2/5198 ETC, 5th Floor, 5003, World Trade Centre, Near Udhna Darawaja, Ring Road, Surat, Gujarat, 395002
- +91 26 1234 4045
- accounts@divinenutrition.in
- https://divinenutrition.in/
Registrar Details
- Kfin Technologies Ltd.
- 04067162222, 04079611000
- vcl.ipo@kfintech.com
- https://ipostatus.kfintech.com/
Frequently Asked Questions
What does Vahh Chemicals do?
Vahh Chemicals operates in the chemicals sector and is involved in the trading of textile processing chemicals, manufacturing customized specialty chemical formulations, and distributing nutraceutical products under the Divine Nutrition brand.
What are the IPO dates for Vahh Chemicals SME IPO?
The Vahh Chemicals SME IPO will open for subscription on June 4, 2026, and close on June 8, 2026.
What is the issue price and minimum investment for Vahh Chemicals IPO?
Vahh Chemicals IPO is a fixed price issue at ₹60 per share. Retail investors need to apply for a minimum of 2 lots (4,000 shares), requiring an investment of ₹2,40,000.
What is the Grey Market Premium (GMP) of Vahh Chemicals IPO today?
As of May 31, 2026, the Grey Market Premium (GMP) of Vahh Chemicals IPO is around ₹5 per share, indicating an estimated listing price of about ₹65.
Where will Vahh Chemicals IPO be listed?
Vahh Chemicals IPO is proposed to be listed on BSE SME, with the tentative listing date set for June 11, 2026.
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