Vital Chemtech was incorporated on November 11, 2013. The company is engaged in the business of manufacturing of phosphorus derivatives products and it manufactures and supplies s phosphorus trichloride, phosphorus oxychloride, phosphorus pentachloride, phosphorus pentoxide, etc.
| Bidding Dates |
|---|
| 31 Oct 2022 - 03 Nov 2022 |
| Subscription |
|---|
| 79.32x Oversubscribed |
| Minimum Investment | Minimum Lot | Maximum Lot | Lot Size | Number of Shares | Issue Price Band | Post Issue Promoter Holding % | Issue Size | IPO Document |
|---|---|---|---|---|---|---|---|---|
| ₹1,21,200 | 1 | 1 | 2000 | 6.4 M | ₹95 - ₹101 | 73.28 % | ₹608.0 M - ₹646.4 M | RHP DOC |
Vital Chemtech IPO SUBSCRIPTION STATUS
03 Nov '22Vital Chemtech IPO overall subscription rate was 79.32 times the total available shares
Vital Chemtech IPO retail subscription rate was 116.95 times in the retail segment
Vital Chemtech IPO non-institutional investor subscription rate was 204.05 times in the non-institutional investor category
Vital Chemtech IPO Qualified Institutional Bidder subscription rate was 15.48 times the available shares for Qualified Institutional Bidder
| Day | Retail Individual Investor | HNI (NII) Investors | Qualified Institutional Buyers |
|---|---|---|---|
| Category Reservation | 35% | 15% | 50% |
03 Nov 2022 (Day 4) | 116.95x | 204.05x | 15.48x |
02 Nov 2022 (Day 3) | 62.76x | 39.1x | 3.26x |
01 Nov 2022 (Day 2) | 27.4x | 6.39x | 1.74x |
31 Oct 2022 (Day 1) | 6.48x | 1.3x | 1.4x |
Vital Chemtech FINANCIALS
| Period | Net Profit (Rs in millions) | Revenue from Operations (Rs in millions) | Cash Flow from Operations (Rs in millions) | Free Cash Flow (Rs in millions) | Margins |
| 1MFY23 | 13.5 | 105.5 | 91.1 | 91.1 | 15.8% |
| FY22 | 145.5 | 1,432.0 | -28.0 | -132.5 | 17.2% |
| FY21 | 29.4 | 474.0 | 61.0 | 31.0 | 13.6% |
| FY20 | 10.5 | 411.6 | -7.3 | -16.3 | 10.1% |
Vital Chemtech IPO SUBSCRIPTION STATUS DETAILS
Vital Chemtech had 6.4 M shares on offer
Vital Chemtech IPO offer price was in the range ₹95 - ₹101
Vital Chemtech IPO minimum Investment was ₹121200
Vital Chemtech IPO issue size was ₹ 608.0 M - ₹ 646.4 M
Vital Chemtech had a minimum lot size of 2000 Shares per application
Vital Chemtech NUMBER OF SHARES ON OFFER
Vital Chemtech IPO IMPORTANT DATES
| Issue Open Date | 31 Oct 2022 |
| Issue close Date | 03 Nov 2022 |
| Allotment Date | 09 Nov 2022 |
| Refund Date | 10 Nov 2022 |
| Demat Account Credit Date | 11 Nov 2022 |
| Listing Date | 14 Nov 2022 |
| Listing on Exchange(s) | NSE |
| Vital Chemtech Allotment Status | Exchange |
Vital Chemtech IPO subscription opened on 31 Oct 2022, and closed on 03 Nov 2022
IPO allotment for Vital Chemtech was finalized on Wednesday, 09 Nov 2022
IPO listing for Vital Chemtech was on NSE on Monday, 14 Nov 2022
Vital Chemtech IPO LISTING GAINS
| Issue Price (adjusted) | 101.0 |
| Listing Open Price | 164.0 |
| Listing Close Price | 163.1 |
| Listing Gain% | 62.4% |
| Current Gain% | -50.0% |
Vital Chemtech Peer
| Stock | Stock Price | Market Cap (Rs crore) | PE TTM | PEG TTM | PS TTM | ROE% | ROA% | Annual Revenue (Rs crore) | Annual Revenue Growth % | Annual Net Profit (Rs crore) | Annual Net Profit Growth % | EPS TTM | EPS TTM Growth % |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Vital Chemtech Ltd. | 50.4 | 120.8 | 29.8 | -0.1 | 0.9 | 4.4 | 2.2 | 136 | 33.8 | 4.1 | 411.4 | 1.7 | -411.4 |
| Pidilite Industries Ltd. | 1660 | 168953.2 | 63.8 | 3 | 11 | 22.6 | 15.9 | 14867 | 11.1 | 2448.9 | 17.9 | 26 | 21.4 |
| SRF Ltd. | 2615 | 77515.1 | 35.9 | 0.7 | 4.6 | 13.1 | 7.6 | 15893.6 | 7.2 | 1835.2 | 46.7 | 72.9 | 51.1 |
| Gujarat Fluorochemicals Ltd. | 4518.1 | 49631.3 | 85.9 | 14.7 | 9.9 | 7.3 | 4.9 | 5038 | 3.8 | 578 | 5.8 | 52.6 | 5.9 |
| Himadri Speciality Chemical Ltd. | 752.6 | 37975.8 | 47.5 | 1.6 | 7.6 | 16 | 11.9 | 4832 | 3.6 | 751.3 | 35.2 | 15.8 | 30 |
| Aether Industries Ltd. | 1591.6 | 21122.5 | 89.8 | 2.6 | 17.3 | 8.9 | 6.8 | 1181.1 | 34.2 | 219.5 | 38.5 | 17.7 | 34 |
Vital Chemtech INFORMATION ON IPO ISSUE
About Vital Chemtech
Vital Chemtech was incorporated on November 11, 2013. The company is engaged in the business of manufacturing of phosphorus derivatives products and it manufactures and supplies s phosphorus trichloride, phosphorus oxychloride, phosphorus pentachloride, phosphorus pentoxide, etc.
Object of the Issue
- To meet working capital requirements
- General corporate purpose
- To meet public Issue expenses
Vital Chemtech - PROMOTERS
| Name |
|---|
| Vipul Jatashanker Bhatt |
| Sangeeta Vipul Bhatt |
Vital Chemtech Lead Manager to the Issue
Beeline Broking Limited
mb@beelinemb.com
Vital Chemtech Registrar to the issue
Skyline Financial Services Limited
compliances@skylinerta.com
Vital Chemtech Strengths
Experienced promoters and management team
The management team is well experienced in the industry in which the company operates and the promoters Vipul Jatashanker Bhatt and Sangeeta Vipul Bhatt have an experience of three decades in the chemical industries and look after the strategic as well as day-to-day business operations
Prime Location
The manufacturing facility is located at Dahej Industrial Estate of PCPIR Region of Gujarat and in this estate all the infrastructure facilities such as power, roads facilities, water, etc. are developed by the State government
Focus on quality, environment, health and safety
The company is certified by Bureau Veritas for ISO 9001:2015; ISO 14001:2015 and ISO 45001:2018 standards and its manufacturing plant is zero liquid discharge having an organized methodology
Wide application of products
The products are widely used in various applications for lifesciences, crop care, specialty chemicals, textile auxillaries, dyestuff, pigments and plastic additives
Vital Chemtech Risks
Hazardous material
Some of the raw materials that the company use as well as its finished products are hazardous, corrosive and flammable and require expert handling and storage, as applicable
Tax related litigations
The company, promoters, directors and group companies are involved in certain litigations including tax-related litigations, which if determined against it, can affect the financial conditions of the company.
Subject to the restrictive covenants
The company is subject to the restrictive covenants of banks in respect of the loan/credit limit and other banking facilities availed from them
IPO FAQs
The promoters of the company are Vipul Jatashanker Bhatt and Sangeeta Vipul Bhatt.
The category allocation of qualified institutional buyers is 50.0%, the category allocation of non individual investors or high networth individuals is 15.0% and for retail investors it is 35.0%.
The price band of the IPO is Rs 95.0 - 101.0.
The IPO application opens on Oct 31, 2022 and closes on Nov 03, 2022.
The minimum lot size for the IPO is 2000. The maximum lot size for the IPO is 2000.
For all category investors, the minimum application amount for this IPO is Rs. 121,200.0, the maximum value for this IPO is Rs 121,200.0.
This IPO will be allotted on Nov 09, 2022.
The refund will be credited to your account on Nov 10, 2022.
The allotted shares will be credited to your demat on Nov 11, 2022.
Vital Chemtech Ltd.’s shares listed on the stock exchanges on Nov 14, 2022.