Vahh Chemicals SME IPO
ListedBSE SMEOpens 4 June 2026Closes 8 June 2026
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…
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.
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Key ratios
As per RHP / filingsTimeline
IPO Opens
4 Jun
IPO Closes
8 Jun
Allotment
9 Jun
Listing
11 Jun
IPO Timeline & Listing Details
| Event | Date |
|---|---|
| IPO Open Date | 4 June 2026 |
| IPO Close Date | 8 June 2026 |
| Allotment Date | 9 June 2026 |
| Listing Date | 11 June 2026 |
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.
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
Daily Bids Status
| Category | Day 1 | Day 2 | Day 3 |
|---|---|---|---|
| NII | 1.33x | 4.28x | 74.07x |
| RII | 1.3x | 8.68x | 100.17x |
| Total | 1.32x | 6.48x | 87.16x |
Overall Subscription Statistics
| Category | Shares Offered | Shares Bid | Bid Amount (₹ Cr) |
|---|---|---|---|
| NII | 10,64,000 | 7,88,08,000 | 472.85 |
| RII | 10,64,000 | 10,65,80,000 | 639.48 |
| Total | 21,28,000 | 18,54,72,000 | 1,112.83 |
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/
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Sources
We match Vahh Chemicals SME IPO IPO numbers with official sources. For final dates and allotment results, double-check the registrar or exchange.
- SEBIRules for IPO allotment and disclosures in India
- NSEExchange notices, bidding data, and listing updates
- BSEExchange notices and IPO allotment check tools
- RHP / Offer DocumentCheck the company RHP on NSE/BSE or the IPO detail page
- Kfin Technologies Ltd.Official site to check allotment status for this IPO
Also read our Editorial Policy, How GMP is calculated, and How allotment chances work.
Reviewed by
Dinesh Agrawal · Lead IPO Analyst
15+ years in Indian markets and IPO research. He reviews IPO dates and key details before they go live.