Vahh Chemicals Ltd
Complete IPO details, including price band, financials, subscription status, and key insights.
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IPO Snapshot
Key metrics and details at a glance.
Price Band
₹60
Per ShareLot Size
2000 Shares
Minimum Investment
₹1,20,000
Issue Size
₹13.45 Cr
Face Value
₹10
Per ShareIPO Type
Fixed Price - SME
Retail Quota
50%
QIB Quota
0%
NII Quota
50%
IPO Timeline
Important dates for your applying strategy.
Subscription Status
Live demand across investor categories.
Track real-time subscription levels:
*Real-time data subject to exchange updates
Vahh Chemicals Ltd
Business model, operations, and market positioning.
Promoter Holding (Pre-Issue)
88.52%
Promoter Holding (Post-Issue)
64.63%
Issue Type
Fixed Price - SME
ISIN
INE0H3U01013
About the Company
We are an ISO 9001: 2015 certified Company engaged in the business of manufacturing and trading of textile auxiliaries chemicals. Our Company is engaged in the supplying and blending of wide range of chemicals in the textile industry. Our operations primarily involve the sourcing and blending of textile chemicals essential for various stages of textile processing, including pre-treatment, dyeing, printing, and finishing. Strategically, we cater primarily to dyeing and printing houses within the textile industry, offering tailored chemical solutions to address the specific needs and challenges of this sector, including customized formulations for various applications. These chemicals are essential for improving fabric quality, its texture, enhancing colour vibrancy, and ensuring the durability of the finished textile products. Our main strength of the products are our formulation of chemicals and quality maintenance.
Industry Overview
Covering more than 80,000 commercial products, India's chemical industry is extremely diversified and can be broadly classified into bulk chemicals, specialty chemicals, agrochemicals, petrochemicals, polymers, and fertilisers. India is the sixth largest producer of chemicals in the world and third in Asia, contributing 7% to India's GDP. India's chemical sector, which was estimated to be worth around Rs. 21,50,750 crore (US$ 250 billion) in 2024, is anticipated to grow to US$ 300 billion by 2028 and Rs. 86,03,000 (US$ 1 trillion) by 2040. India holds a strong position in exports and imports of chemicals at a global level and ranks 14th in exports and eighth in imports at the global level (excluding pharmaceuticals. In FY26 (April-July), India's dye exports (Dyes and Dye Intermediates) totalled US$ 824.77 million. Specialty chemicals account for 20% of the global chemicals industry's US$ 4 trillion, with India's market expected to increase at a CAGR of 12% to US$ 64 billion by 2025. This gain would be driven by a healthy demand growth (CAGR of 10-20%) in the export/end-user industries.
Company History
The Company was originally incorporated and registered as a Public Limited Company under Companies Act, 2013 under the name and style of "Vahh Chemicals Limited" vide certificate of incorporation dated December 11, 2019 bearing Corporate Identification Number U24110GJ2019PLC111346 issued by the Registrar of Companies, Central Registration Centre.
Growth Strategy
- Manufacturing of chemical.
- Grow our customer base by diversifying into new geographies and maintain relationships with our key customers and other stakeholders.
- Expand our existing product portfolio.
Financial Performance
Revenue, profit after tax and total assets across the last 2 reported financial years.
Revenue
Amount in ₹ crore
Profit After Tax (PAT)
Amount in ₹ crore
Total Assets
Amount in ₹ crore
Figures in ₹ crore, on a consolidated basis, as reported for FY25 to FY26.
Objects of the Issue
How the company plans to utilize IPO proceeds.
Use of Proceeds
The funds raised through this IPO will be used for:
Initial public issue of 22,42,000 equity shares of face value of Rs. 10/- each of the company for cash at a price of Rs. 60/- per equity share (including a share premium of Rs. 50/- per equity share) aggregating upto Rs. 13.45 Crores ("the Issue"), out of which 1,14,000 equity shares of face value of Rs. 10/- each aggregating to Rs. 0.68 Crores will be reserved for subscription by the market maker to the issue (the "Market Maker Reservation Portion"). The issue less market maker reservation portion i.e. Issue of 21,28,000 equity shares of face value of Rs. 10/- each, at an issue price of Rs. 60/- per equity share for cash, aggregating to Rs. 12.77 Crores is hereinafter referred to as the "Net Issue". The public issue and net issue will constitute 26.99% and 25.62% respectively of the post-issue paid-up equity share capital of the company. Issue Price: Rs. 60/- per equity share of face value of Rs. 10 each. The Issue price is 6.0 times of the face value. Minimum application size of 4,000 equity shares and in multiples of 2,000 equity shares thereafter.
*Subject to approvals and market conditions.
Strengths & Risks
Key competitive advantages and factors to consider before investing.
- Long standing relationships with a diversified customer base.
- Business Model focused on customized solutions and strong customer relationships.
- Experienced Promoters and management team.
- The company generates a substantial portion of revenue from Surat, Gujarat. Any adverse developments affecting its operations in the Gujarat could has an adverse impact on the company revenue and results of operations.
- There is certain outstanding legal proceeding involving the company Promoter and Promoter Entities which may adversely affect its business, financial condition and results of operations.
- The company top ten customers contribute about 68.06%, 60.01% and 84.43% of its revenues for the year ended March 31, 2026, March 31, 2025 and March 31, 2024. Any loss of business from one or more of them may adversely affect the company revenues and profitability.
- The company is dependent upon few suppliers for the material requirements of its business. Further, the company does not has definitive agreements or fixed terms of trade with most of its suppliers. Failures to successfully leverage the company relationships with existing suppliers or to identify new suppliers could adversely affect its business operations.
- Any disruptions to the supply, or increases in the pricing, of the raw materials and finished products that the company procure, may adversely affect the supply and pricing of its products and, in turn, adversely affect the company business, cash flows, financial condition and results of operations.