Vahh Chemicals Ltd (BSE SME)

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Min. Investment

₹1,20,000

/ 2000 Shares

Check Allotment Status

Issue Price

60-60

Subscription

87.17x

Issue Size

13.45

Lot Size

2000

Open

Jun 4, 2026

Jun 8, 2026

Allotment

Jun 9, 2026

Listing

Jun 11, 2026

1. Vahh Chemicals Ltd (BSE SME) IPO Details

Vahh Chemicals Ltd IPO Details

Vahh Chemicals Ltd IPO is a fixed price issue of ₹13.45 crores. The issue consists entirely of a fresh issue of 22.42 lakh shares, with no offer-for-sale (OFS) component.

The bidding for the IPO started this Thursday, Jun 4, 2026, and closed today on Jun 8, 2026. The allotment is expected to be finalized on Jun 9, 2026. The company will list on the BSE SME platform, with a tentative listing date fixed as Jun 11, 2026.

The issue price is set fixed at ₹60 per share. The lot size for an application is 2,000 shares, and the minimum application for retail investors is 2 lots (4,000 shares). The minimum amount of investment required by a retail investor is ₹2,40,000.

Grey Market Premium

Estimated listing gains (Live)

+3 (5.0%)Per Share

EST. GAINS

Updated real-time from market sources

Financial Summary

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

IPO Details

IPO Date	4 to 8 Jun, 2026
Listing Date	Thu, Jun 11, 2026 T
Face Value	₹ 10 per share
Issue Price	₹60 per share
Lot Size	2,000 Shares
Sale Type	Fresh capital only
Issue Type	Fixed Price IPO
Listing At	BSE SME
Total Issue Size	22,42,000 shares (agg. up to ₹ 13 Cr)
Reserved for Market Maker	1,14,000 shares (agg. up to ₹ 0.6840 Cr) Mansi Share & Stock Broking Pvt.Ltd.
Fresh Issue (Ex Market Maker)	21,28,000 shares (agg. up to ₹ 13 Cr)
Net Offered to Public	21,28,000 shares (agg. up to ₹ 13 Cr)
Share Holding Pre Issue	60,63,868 shares
Share Holding Post Issue	83,05,868 shares

Issue Reservation

Investor Category	Shares Offered	% of Net Issue	% of Total Issue
NII (HNI) Shares Offered	10,64,000	50.00%	47.46%
Retail Shares Offered	10,64,000	50.00%	47.46%
Market Maker Shares Offered	1,14,000	-	5.08%
Total Shares Offered	22,42,000	100.00%	100.00%

IPO Lot Size

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

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Neochem Bio Solutions Ltd.	SME	₹44.97 Cr	₹98	₹111.80	+14.08%	₹92.75 ( -0.27% )
Speb Adhesives Ltd.	SME	₹33.73 Cr	₹56	₹57.00	+1.79%	₹96.50 ( +0.68% )

IPO Objects of the Issue

#	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

Key Performance Indicator (KPI)

KPI	Mar 31, 2026	Mar 31, 2025
ROE	34.11%	65.40%
ROCE	31.76%	25.72%
Debt/Equity	0.76	1.64
RoNW	32.21%	38.52%
PAT Margin	11.79%	10.87%
EBITDA Margin	19.06%	19.69%
Price to Book Value	2.44	4.69

Pre/Post IPO Valuation

Parameter	Pre IPO	Post IPO
EPS (₹)	8.39	6.13
P/E (x)	7.15	9.79
Promoter Holding	88.52%	64.63%
Market Cap	portfolios / values	₹ 49.84 Cr.

Vahh Chemicals IPO Recommendations

Review By	Subscribe	May Apply	Neutral	Avoid
Brokers	1	0	0	0
Members	0	0	0	0

IPO Subscription Status

Category	Subscription (x)	Shares Offered	Shares bid for	Total Applications
NII	74.08	10,64,000	7,88,16,000	0
Individual Investor	100.18	10,64,000	10,65,96,000	0
Total	87.17	21,28,000	18,54,96,000	36,344

IPO Expenses

#	Issue Expenses	Est Amt (₹ Cr.)
1	Fees payable to the Book Running Lead Manager & Underwriter	0.52
2	Selling Commission	0.25
3	Fees Payable to Registrar to the Issue	0.02
4	Fees Payable to the Legal Advisor to the Issue	0.03
5	Fees Payable Advertising, Marketing Expenses and Printing Expenses	0.40
6	Fees Payable to Regulators including Stock Exchange and other regulators like NSDL & CDSL	0.15
7	Fees payable to Peer Review Auditor	0.15
8	Fees Payable to Market Maker (for first Year)	0.03
9	Processing fees to SCSBs for ASBA Applications procured by the members of the Syndicate or Registered Brokers and submitted with the SCSBs	0.02
10	Processing fees to Issuer banks for UPI Mechanism w.r.t application Forms procured by the members of the Syndicate, Registered Brokers, RTA or the CDPs and submitted to them	0.01
11	Fees Payable to other professional (like PCS & Chartered Engineer)	0.25
Total		1.82

2. About Vahh Chemicals Ltd (BSE SME)

About Vahh Chemicals Ltd

Incorporated in 2019 and registered as a Public Limited Company, Vahh Chemicals Limited is an ISO 9001:2015 certified company based out of Gujarat. The company is primarily engaged in the manufacturing, trading, supplying, and blending of textile auxiliary chemicals used across various stages of textile processing.

Business Verticals

Trading of Textile Chemicals: Sourcing and distributing wide-ranging textile processing chemicals from chemical suppliers.
Customised Chemical Blending: Formulating specialized chemical solutions tailored to specific customer needs in pre-treatment, dyeing, printing, and finishing processes.
Nutrition Business: Expanding horizons into the nutraceutical products segment, operated through its subsidiary HSHS Nutraceuticals Limited.

Track Record

Revenue Growth: Total income witnessed a strong upward growth, rising from ₹23.75 Cr in FY25 to ₹43.19 Cr for the period ended March 31, 2026.
Profitability: Net profit (PAT) grew significantly from ₹2.58 Cr in FY25 to ₹5.09 Cr in FY26.
Subscription Interest: On the final day of bidding (June 8, 2026), the public issue received overwhelming demand and was subscribed 87.17 times overall, with the retail category booked over 100.18 times.

Vahh Chemicals Ltd IPO GMP

As of June 8, 2026, the Grey Market Premium (GMP) is trading around ₹13.5.

Note: With a steady premium of 22.5%, the grey market signals a healthy public reception, reflecting an estimated listing price of around ₹73.5 against the fixed issue price of ₹60.

Vahh Chemicals Ltd IPO Allotment Status

The allotment is scheduled to be finalized on June 9, 2026.

Check Vahh Chemicals Allotment Status

To check your status online, visit: KFin Technologies IPO Status Portal

You can verify your status via:

Registrar's website (KFin Technologies Limited)
BSE official portal
Using your PAN number, Application ID, or DP/Client ID

Strengths

Diversified Product Portfolio: Offers 114 SKUs (Stock Keeping Units) designed to cater to various textile substrates like cotton, polyester, silk, and synthetic blends.
Formulation Expertise: Strong ability to provide custom-made chemical blends catering directly to local printing and dyeing houses.
Strong Financial Performance: Showed solid growth in top and bottom-line figures with a PAT margin of 11.79% in FY26.
Experienced Leadership: Promoters and management carry deep domain expertise within the chemical value chain.

Weaknesses

Regional Concentration: A substantial portion of the company's operational revenue is concentrated around Surat, Gujarat, making it highly dependent on the regional market.
Client Concentration: The top ten customers contribute heavily to the total revenue, meaning any loss of business from these clients could dent profitability.
Raw Material Price Volatility: Reliance on basic chemical formulations makes operational margins sensitive to shifts in underlying chemical material costs.

How the Company Will Use IPO Money

The fresh issue proceeds (₹13.45 Cr) will be utilized for:

Working Capital: Funding incremental working capital requirements of the company (₹5.84 Cr).
Capital Expenditure: Setting up a new proposed manufacturing facility at Surat, Gujarat (₹1.93 Cr).
Debt Repayment: Repayment or prepayment of loans availed by the company (₹1.84 Cr).
General Corporate Purposes: General growth and meeting statutory corporate expenses (₹2.02 Cr).

Lead Manager & Registrar

Lead Manager: Marwadi Chandarana Intermediaries Brokers Private Limited
Registrar: KFin Technologies Limited
Email: vcl.ipo@kfintech.com
Phone: +91 40 6716 2222

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As the founder and owner of this website, I have launched my 2nd digital platform focused on the Indian stock market IPO segment. This platform provides detailed and reliable information on upcoming and ongoing IPOs in India, including IPO issue details, subscription status, live Grey Market Premium (GMP), and IPO allotment status, helping investors stay informed with accurate and timely IPO insights.