SME

IPO ·

BSE SME

Vahh Chemicals Ltd

Listed

Incorporated in 2019, Vahh Chemicals is an ISO 9001:2015 certified company engaged in manufacturing, supplying, and trading textile auxiliary chemicals.

Issue details

Price band

₹60

Face value

₹10

Lot size

2,000 shares

Minimum investment

₹2,40,000

Issue size

₹13.45 Cr

Fresh issue

₹12.77 Cr

Offer for sale

—

Issue type

Fixed Price

Exchange

BSE SME

Key dates

Opens

4 Jun 2026

Closes

8 Jun 2026

UPI mandate cut-off

5:00 PM on 8 Jun 2026

Allotment

9 Jun 2026

Refunds

10 Jun 2026

Shares in demat

10 Jun 2026

Listing

11 Jun 2026

Subscription and listing

Subscription

86.65x

Listing price

₹70

Registrar

Kfin Technologies Ltd

Lead manager

Marwadi Chandarana Intermediaries Brokers

Subscription by category

Total

86.65x

Total applications

35,967

Listing day

Issue price

₹60

Open

₹70.00

High

₹71.00

Low

₹66.50

Day close

₹66.50

Listing gain at open

+16.67%

Issue structure

Shares reserved per category and share of the total issue

NII Shares Offered

10,64,000

47.46%

Retail Shares Offered

10,64,000

47.46%

Market Maker Shares Offered

1,14,000

5.08%

Total Shares Offered

22,42,000

100.00%

Finaccle’s quick read

Apply

FY26 income up 82%, PAT up 97%, ROE 34.11%, D/E 0.76, post-issue P/E 9.79x.

A rules-based screen of growth, margins, debt and valuation, built from the offer document and data on Chittorgarh.com. It is for information only and is not investment advice or a recommendation to buy or sell. Read the RHP and speak to a SEBI-registered adviser before you apply.

About the company

Incorporated in 2019, Vahh Chemicals is an ISO 9001:2015 certified company engaged in manufacturing, supplying, and trading textile auxiliary chemicals. The company sources and blends a wide range of chemicals used in textile processing, including pre-treatment, dyeing, printing, and finishing. Its main customers are dyeing and printing houses, and the company also provide customized chemical formulations to meet their specific requirements. As of September 30, 2025, the company offers 92 SKUs covering various textile substrates such as cotton, polyester, silk, and synthetic blends.

Founded

2019

2019

Promoters

Hiren Indravadan Desai,

Hiren Indravadan Desai,

Promoter holding

88.52% pre-issue; 64.63% post-issue

88.52% pre-issue; 64.63% post-issue

Financial performance

Restated figures in ₹ crore, latest period first

₹ crore, latest first. Full table on desktop.

Period

Total income

Income

EBITDA

PAT

Net worth

Borrowings

Debt

Assets

FY26

FY26

43.19

43.19

8.23

5.09

5.09

14.92

11.31

11.31

43.87

FY25

FY25

23.75

23.75

4.68

2.58

2.58

6.87

11.25

11.25

39.28

ROE

34.11%

ROCE

31.76%

Debt / equity

0.76

PAT margin

11.79%

P/E post issue

9.79

Market cap

₹49.84 Cr

Use of IPO money

Funding incremental working capital requirements of Company

₹5.84 Cr

Setting up a new manufacturing facility at Surat, Gujarat (Proposed facility)

₹1.93 Cr

Repayment of loan availed by Company

₹1.84 Cr

General Corporate Purposes

₹2.02 Cr

Issue expenses

₹1.82 Cr

Strengths

✓

Long standing relationships with a diversified customer base

✓

Business Model focused on customized solutions and strong customer relationships

✓

Revenue up 82% in FY26 to ₹43.19 Cr

✓

PAT up 97% in FY26 to ₹5.09 Cr

✓

PAT margin of 11.79%

Risks to watch

!

SME platform: large lot size and thinner trading liquidity

Planning to take your own company public?

Every listing on this page started with a growing business that got its numbers, governance and paperwork ready for investors. If you are a promoter weighing an SME or main board IPO, we can tell you where you stand and what it will take.

Talk to our IPO Advisory team for readiness planning, or our IPO Consultancy team to run the listing end to end.

Last updated:

Information is compiled from exchange notices and the company’s offer document. It is for general information only and is not investment advice or a recommendation to apply. Read the prospectus before investing.