Vahh Chemicals SME IPO
Vahh Chemicals IPO — date, price band, lot size & details 2026
Vahh Chemicals listed on 11 Jun 2026 at ₹70, 16.7% above the ₹60 issue price.
Vahh Chemicals SME IPO opened for subscription on 4 June 2026 and closed on 8 June 2026. Incorporated in 2019, Vahh Chemicals Limited is an ISO 9001:2015 certified company engaged in the manufacturing, blending and trading of textile auxiliary chemicals used in pre-treatment, dyeing, printing and finishing processes. The company follows a B2B business model, serving textile processing units and dyeing houses with customised chemical solutions. It has a strong presence in Surat, Gujarat, and caters to customers across the textile industry.
Stock price
Vahh Chemicals is listed — here is the live share price.
Researched & reviewed by
Abhishek Vohera,
Founder, IPO Guru
Last updated
Figures sourced from the RHP, BSE & NSE
Timetable
Key dates from opening to listing. Today is 23 October.
- Open 04 Jun 2026
- Close 08 Jun 2026
- Allotment 09 Jun 2026
- Refund/credit 10 Jun 2026
- Listing 11 Jun 2026
Issue summary
The terms of the offer, as filed.
| IPO Dates | 4 to 8 Jun, 2026 |
|---|---|
| Price Band | ₹60 |
| Face Value | ₹10 |
| Lot Size | 2000 Shares |
| Issue Size | ₹13 Cr |
| Sale Type | Fresh capital only |
| Listing On | BSE SME |
| Registrar | KFin Technologies Limited |
| Min Investment | ₹ 2,40,000 |
Share of the offer set aside for each investor category, as stated in the offer document.
What will it cost me?
Bidding is in multiples of 2000 shares at the ₹60 cut-off. The SME retail application is a fixed 2 lots; HNI starts at 3.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (min) | 2 | 4,000 | ₹2,40,000 |
| Retail (max) | 2 | 4,000 | ₹2,40,000 |
| HNI (min) | 3 | 6,000 | ₹3,60,000 |
Strengths & risks
Drawn from the offer document — the case for and against, side by side.
Strengths · 5
- 01Operates in the growing textile chemicals and specialty chemicals industry.
- 02Diverse product portfolio catering to multiple textile processing applications.
- 03Strategic location in Surat provides access to a large textile customer base.
- 04Experienced promoters with industry knowledge and customer relationships.
- 05Asset-backed manufacturing setup with focus on customised chemical solutions.
Risks · 5
- 01High dependence on the textile industry's growth and demand cycles.
- 02Intense competition from established domestic and international chemical manufacturers.
- 03Fluctuations in raw material prices can impact profit margins.
- 04Business is subject to environmental and regulatory compliance requirements.
- 05Customer concentration risk may affect revenue if key clients reduce orders.
The numbers
All figures in ₹ crore, as reported in the Vahh Chemicals offer document.
| Metric | 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 |
See how this IPO compares — view listing performance of all SME IPOs.
Valuation & key ratios
Ratios are for the latest full financial year reported in the Vahh Chemicals RHP. EPS and P/E are post-issue — the table below carries the pre-issue comparison.
Vahh Chemicals IPO Valuation
How the issue prices the company before and after the fresh shares are created.
| Valuation Metric | Post-Issue |
|---|---|
| EPS (₹) | ₹6.13 |
| P/E Ratio (x) | 9.79 |
| Market Cap at Offer Price (₹ Cr) | ₹49.82 |
Pre-issue figures use the shareholding reported in the RHP; post-issue figures use the shareholding once the fresh issue has created new shares. The two differ because of that dilution and because post-issue earnings per share are often annualised, so the change can run in either direction. Market capitalisation is calculated at the ₹60 offer price. Compare the post-issue P/E against listed peers before deciding — a premium there is growth you are paying for in advance.
Where the money goes
₹23.26 Cr of the issue is earmarked to named objects.
About the company
The company's product portfolio includes chemicals used in pre-treatment, dyeing, printing and finishing processes for textiles. It operates a B2B business model, supplying products directly to textile manufacturers, dyeing houses and processing units. With its manufacturing facility located in Surat, a major textile hub of India, the company benefits from proximity to customers and a strong industry network. Revenue is generated through the sale of specialty chemical products and long-term relationships with textile industry clients.
Interested in this IPO? Check the live subscription status or browse all upcoming SME IPOs.
+91 26 1234 4045
The bankers & the filings
Who is running the book, and the documents this page is built from.
Lead Manager Track Record
How the book-running lead managers on this issue have priced their past IPOs, measured on listing day.
Marwadi Chandarana Intermediaries Pvt.Ltd.
3 issues handled2 of their issues have listed so far, and 2 opened above the issue price (average +1.4%). That is too small a sample to read as a hit rate.
Listing gain compares the listing-day opening price with the issue price, using the IPOs on IPO Guru that this lead manager has taken to market. A strong record reflects how the banker has priced past issues — it is not a forecast for this one. See every issue they have handled on the lead managers page.
Company contact
Frequently asked
What is the GMP of Vahh Chemicals?
The current Grey Market Premium is ₹6, or 10% over the issue price.
What is the Vahh Chemicals IPO price band?
₹60, on a face value of ₹10.
When is the allotment?
The basis of allotment is 9 June 2026, with listing on 11 June 2026.
How do I check allotment status?
On the IPO Guru allotment page or on the registrar's site — KFin Technologies Limited.
Every number here traces back to a filing.
IPO Guru tracks GMP, subscription and allotment for every SME and Mainboard issue. Every number on this page is sourced from the RHP, BSE & NSE.
Not investment advice. Grey market premium is an unofficial, unregulated indicator and is not a forecast.
