VAHH Chemicals was incorporated on December 11, 2019. The company is an ISO 9001:2015 certified manufacturer and trader of textile auxiliary chemicals used in pre-treatment, dyeing, printing, and finishing processes in the textile industry. It specializes in supplying and blending customized chemical solutions that improve fabric quality, texture, colour vibrancy, and durability while maintaining strong quality standards
| Bidding Dates |
|---|
| 04 Jun 2026 - 08 Jun 2026 |
| Subscription |
|---|
| 82.79x Oversubscribed |
| Minimum Investment | Minimum Lot | Maximum Lot | Lot Size | Number of Shares | Issue Price | Post Issue Promoter Holding % | Issue Size | IPO Document |
|---|---|---|---|---|---|---|---|---|
| ₹2,40,000 | 2 | 2 | 2000 | 2.2 M | ₹60 | 64.63 % | ₹134.5 M | RHP DOC |
Vahh Chemicals IPO SUBSCRIPTION STATUS
08 Jun '26Vahh Chemicals IPO overall subscription rate was 82.79 times the total available shares
Vahh Chemicals IPO retail subscription rate was 95.09 times in the retail segment
Vahh Chemicals IPO non-institutional investor subscription rate was 70.49 times in the non-institutional investor category
| Day | Retail Individual Investor | HNI (NII) Investors | Qualified Institutional Buyers |
|---|---|---|---|
| Category Reservation | 50% | 50% | - |
08 Jun 2026 (Day 3) | 95.09x | 70.49x | - |
05 Jun 2026 (Day 2) | 8.22x | 4.16x | - |
04 Jun 2026 (Day 1) | 1.24x | 1.27x | - |
Vahh Chemicals FINANCIALS
| Period | Revenue from Operations (Rs in crore) | Net Profit (Rs in crore) | Cash Flow from Operations (Rs in crore) | Free Cash Flow (Rs in crore) | Margins |
| FY26 | 43.2 | 5.1 | -3.7 | -3.7 | 19.06% |
| FY25 | 23.7 | 2.6 | -5.7 | -5.7 | 19.7% |
| FY24 | 10.2 | 0.3 | -2.1 | -2.1 | 11.1% |
Vahh Chemicals IPO SUBSCRIPTION STATUS DETAILS
Vahh Chemicals had 2.2 M shares on offer
Vahh Chemicals IPO offer price was ₹60
Vahh Chemicals IPO minimum Investment was ₹240000
Vahh Chemicals IPO issue size was ₹ 134.5 M
Vahh Chemicals had a minimum lot size of 2000 Shares per application
Vahh Chemicals NUMBER OF SHARES ON OFFER
Vahh Chemicals IPO IMPORTANT DATES
| Issue Open Date | 04 Jun 2026 |
| Issue close Date | 08 Jun 2026 |
| Allotment Date | 09 Jun 2026 |
| Refund Date | 10 Jun 2026 |
| Demat Account Credit Date | 10 Jun 2026 |
| Listing Date | 11 Jun 2026 |
| Listing on Exchange(s) | BSE |
| Vahh Chemicals Allotment Status | Exchange/ Registrar |
Vahh Chemicals IPO subscription opened on 04 Jun 2026, and closed on 08 Jun 2026
IPO allotment for Vahh Chemicals was finalized on Tuesday, 09 Jun 2026
IPO listing for Vahh Chemicals was on BSE on Thursday, 11 Jun 2026
Vahh Chemicals IPO LISTING GAINS
| Issue Price (adjusted) | 60.0 |
| Listing Open Price | 70.0 |
| Listing Close Price | 66.5 |
| Listing Gain% | 16.7% |
| Current Gain% | -9.2% |
Vahh Chemicals 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 % |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Vahh Chemicals Ltd. | 54.5 | 45.3 | 9.4 | 0.1 | 1 | 32.2 | 11 | 43.2 | 81.9 | 4.8 | 81.6 | 5.8 | 81.6 |
| Pidilite Industries Ltd. | 1693 | 172311.9 | 65 | 3 | 11.2 | 22.6 | 15.9 | 14867 | 11.1 | 2448.9 | 17.9 | 26 | 21.4 |
| SRF Ltd. | 2606 | 77248.3 | 35.7 | 0.7 | 4.5 | 13.1 | 7.6 | 15893.6 | 7.2 | 1835.2 | 46.7 | 72.9 | 51.1 |
| Gujarat Fluorochemicals Ltd. | 4737.8 | 52044.7 | 84.6 | -75.2 | 9.8 | 7.3 | 4.9 | 5038 | 3.8 | 578 | 5.8 | 56 | -1.1 |
| Himadri Speciality Chemical Ltd. | 781 | 39409.8 | 49.3 | 1.6 | 7.9 | 16 | 11.9 | 4832 | 3.6 | 751.3 | 35.2 | 15.8 | 30 |
| Aether Industries Ltd. | 1625.1 | 21569.6 | 91.7 | 2.7 | 17.6 | 8.9 | 6.8 | 1181.1 | 34.2 | 219.5 | 38.5 | 17.7 | 34 |
Vahh Chemicals INFORMATION ON IPO ISSUE
About Vahh Chemicals
VAHH Chemicals was incorporated on December 11, 2019. The company is an ISO 9001:2015 certified manufacturer and trader of textile auxiliary chemicals used in pre-treatment, dyeing, printing, and finishing processes in the textile industry. It specializes in supplying and blending customized chemical solutions that improve fabric quality, texture, colour vibrancy, and durability while maintaining strong quality standards
Object of the Issue
- Funding incremental working capital requirements of the company
- Setting up a new manufacturing facility at Surat, Gujarat
- Repayment of loan availed by the company
- General corporate purposes
Vahh Chemicals - PROMOTERS
| Name |
|---|
| Hiren Indravadan Desai |
| Hetal Hirenbhai Desai |
| Aayush Hiren Desai |
Vahh Chemicals - MANAGEMENT & LEADERSHIP
| Name | Designation |
|---|---|
| Hiren Indravadan Desai | Chairman & Managing Director |
| Aayush Hiren Desai | Whole - time Director |
| Hetal Hirenbhai Desai | Non – Executive Director |
| Jigar Vyas | Non-Executive Independent Director |
| Dhairya Bharat Tulsiani | Non-Executive Independent Director |
| Param Vipulkumar Desai | Non-Executive Independent Director |
Vahh Chemicals Book Running Lead Manager
Marwadi Chandarana Intermediaries Brokers Private Limited
mb@marwadichandarana.com
Vahh Chemicals Registrar to the issue
Kfin Technologies Limited
vcl.ipo@kfintech.com
Vahh Chemicals Strengths
Business model focused on customized solutions
The company operates a business model focused on the manufacturing, sourcing, and blending of textile chemicals used across pre-treatment, dyeing, printing, and finishing processes. Its diversified product portfolio and customized chemical solutions help improve fabric quality, colour vibrancy, durability, and processing efficiency for a wide range of textile substrates
Client relationship
The company maintains long-standing customer relationships through consistent product quality, personalized engagement, timely deliveries, and regular communication. Its strong customer retention and repeat business from long-term clients reflect the trust and reliability established within the textile processing industry
Vahh Chemicals Risks
Credit risk
The company’s operations are working capital intensive due to the need to maintain inventory levels and extend credit periods to customers to support competitiveness and customer relationships. Any delay or default in customer payments could disrupt the working capital cycle, affect inventory management, and adversely impact operations and profitability
Inventory management risk
The company’s operations depend on effective inventory management and accurate demand forecasting to avoid product shortages or excess inventory. Any disruption in supply chains, forecasting errors, or delays in sourcing products due to natural disasters or logistical issues could adversely affect operations, profitability, and customer relationships
Operational risks
Any failure, security breach, or misuse of the company’s IT systems by employees or third parties could disrupt operations, expose sensitive data, and harm its reputation. Such incidents may also lead to legal liabilities, increased costs, penalties, and adverse effects on business performance
IPO FAQs
The promoters of the company are Hiren Indravadan Desai, Hetal Hirenbhai Desai and Aayush Hiren Desai.
The category allocation of qualified institutional buyers is 0.0%, the category allocation of non individual investors or high networth individuals is 50.0% and for retail investors it is 50.0%.
The price band of the IPO is Rs 60.0 - 60.0.
The IPO application opens on Jun 04, 2026 and closes on Jun 08, 2026.
The minimum lot size for the IPO is 4000. The maximum lot size for the IPO is 4000.
For all category investors, the minimum application amount for this IPO is Rs. 240,000.0, the maximum value for this IPO is Rs 240,000.0.
This IPO will be allotted on Jun 09, 2026.
The refund will be credited to your account on Jun 10, 2026.
The allotted shares will be credited to your demat on Jun 10, 2026.
VAHH Chemicals Ltd.’s shares listed on the stock exchanges on Jun 11, 2026.