Vahh Chemicals IPO Details

Fixed Price IPO | ₹12 Cr | Listing at BSE SME |

Vahh Chemicals IPO Logo
The exchange has approved the Initial Public Offer (IPO) of Vahh Chemicals Ltd. on February 9, 2026. The company will proceed with next steps to launch the Initial Public Offer (IPO) subject to market conditions and other approvals. The exchange approval is valid for 12 months.

Vahh Chemicals Ltd. IPO is a Fixed Price Issue consisting solely of fresh issue of upto 0.22 crore equity shares worth ₹11.88 crores.

The equity shares are proposed to be listed on the BSE SME. Marwadi Chandarana Intermediaries Brokers Pvt.Ltd. is the book running lead manager and Kfin Technologies Ltd. is the registrar of the issue. Key details like IPO dates, IPO price bands and lot size are yet to be announced.
Refer to Vahh Chemicals IPO DRHP for more details.

IPO Details

IPO Date[.]
Listing Date[.]
Face Value10 per share
Issue Price₹53 per share
Lot Size2,000 Shares
Sale TypeFresh capital only
Issue TypeFixed Price IPO
Listing AtBSE SME

Total Issue Size22,42,000 shares
(agg. up to ₹12 Cr)
Reserved for Market Maker
1,14,000 shares
(agg. up to ₹0.6042 Cr)
Fresh Issue
(Ex Market Maker)
21,28,000 shares
(agg. up to ₹11 Cr)
Net Offered to Public21,28,000 shares
(agg. up to ₹11 Cr)
Share Holding Pre Issue60,63,868 shares
Share Holding Post Issue83,05,868 shares

IPO DRHP Status

DescriptionDate
Filed with SEBI/ExchangeWed, Dec 3, 2025
SEBI/Exchange approval receivedMon, Feb 9, 2026

Issue Reservation

Vahh Chemicals IPO comprises a total issue size of 22,42,000 shares. The net offer to the public is 21,28,000 shares, after excluding 1,14,000 shares allotted on a firm basis. Of the Net offer 10,64,000 (50.00%) allocated to NII 10,64,000 (50.00%) allocated to RII.

Investor Category Shares Offered % of Net Issue% of Total Issue
NII (HNI) Shares Offered 10,64,00050.00%47.46%
Retail Shares Offered 10,64,00050.00%47.46%
Firm Reservations
Market Maker Shares Offered 1,14,0005.08%
Total Shares Offered 22,42,000100.00%100.00%

IPO Lot Size

Investors can bid for a minimum of 4,000 shares and in multiples of 2,000 shares thereof. 

Application Lots Shares Amount
Individual investors (Retail) (Min) 2 4,000 ₹2,12,000
Individual investors (Retail) (Max) 2 4,000 ₹2,12,000
HNI (Min) 3 6,000 ₹3,18,000
IPO Subscription Details

About Vahh Chemicals Ltd.

Incorporated in 2019, Vahh Chemicals is an ISO 9001:2015 certified company engaged in manufacturing, supplying, and trading textile auxiliary chemicals. The company sources and blends a wide range of chemicals used in textile processing, including pre-treatment, dyeing, printing, and finishing. Its main customers are dyeing and printing houses, and the company also provide customized chemical formulations to meet their specific requirements.

As of September 30, 2025, the company offers 92 SKUs covering various textile substrates such as cotton, polyester, silk, and synthetic blends. It also supply specialty chemicals that add functional properties like water repellence, flame resistance, anti-microbial effects, UV protection, and wrinkle-free finishes.

The company operates mainly on a B2B model. Its facility covers about 301.25 square meters, and it has a strong distribution network in Surat.

Our business operates under three segments:

  1. Trading– Distribution of textile chemicals for pre-treatment, dyeing, and finishing.
  2. Blending– Customized chemical blends to enhance textile quality.
  3. Nutrition– Nutraceutical products developed and marketed by subsidiary, "HSHS Nutraceuticals Limited" which markets products under the brand “Divine Nutrition”. These products are sold across India through online platforms, supplement stores, and gym distributors

Competitive strengths

  • Long standing relationships with a diversified customer base.
  • Business Model focused on customized solutions and strong customer relationships.
  • Experienced Promoters and management team.

Company Financials (Restated Consolidated)

Period Ended30 Sep 202531 Mar 2025
Assets42.3139.28
Total Income16.5323.75
Profit After Tax2.082.58
EBITDA3.394.68
NET Worth12.016.87
Reserves and Surplus5.951.50
Total Borrowing7.9311.25
Amount in ₹ Crore

IPO Objects of the Issue

The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:

# Issue Objects Est Amt (₹ Cr.)
1 Funding incremental working capital requirements of our Company 5.84
2 Setting up a new manufacturing facility at Surat, Gujarat (“Proposed facility”) 1.84
3 Repayment of loan availed by our Company 1.79
4 General corporate purposes

Key Performance Indicator (KPI)

KPIMar 31, 2025
ROE65.40%
ROCE25.72%
Debt/Equity1.64
RoNW38.52%
PAT Margin10.87%
EBITDA Margin19.69%
Pre IPOPost IPO
Promoter Holding88.52%64.63%
Hiren Indravadan Desai, Hetal Hirenbhai Desai, and Aayush Hiren Desai are the company promoters.

IPO Registrar

Kfin Technologies Ltd.

Contact Details

Vahh Chemicals Ltd. Address
Plot 2/5198 ETC, 5th Floor,5003,
World Trade Centre, Near Udhna Darawaja
Ring Road
Surat, Gujarat, 395002
Open an Instant Account with Zerodha

IPO FAQs

Vahh Chemicals IPO is a SME IPO of 22,42,000 equity shares of the face value of ₹10 aggregating up to ₹12 Crores. The issue is priced at ₹53 per share. The minimum order quantity is 2000.

The Vahh Chemicals IPO open and close dates are not available as of now.

Kfin Technologies Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE SME.

Zerodha customers can apply online in Vahh Chemicals IPO using UPI as a payment gateway. Zerodha customers can apply in Vahh Chemicals IPO by login into Zerodha Console (back office) and submitting an IPO application form.

Steps to apply in Vahh Chemicals IPO through Zerodha

  1. Visit the Zerodha website and login to Console.
  2. Go to Portfolio and click the IPOs link.
  3. Go to the 'Vahh Chemicals IPO' row and click the 'Bid' button.
  4. Enter your UPI ID, Quantity, and Price.
  5. Submit IPO application form.
  6. Visit the UPI App (net banking or BHIM) to approve the mandate.

Visit Zerodha IPO Application Process Review for more detail.

The Vahh Chemicals IPO dates are not announced. Please check back again after some time.

Vahh Chemicals IPO lot size is 2000, and the minimum amount required for application is ₹2,12,000, with 2 lots being the minimum application size.

You can apply in Vahh Chemicals IPO online using either UPI or ASBA as a payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO Application is offered by brokers who don't offer banking services. Read more detail about applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.

The finalization of Basis of Allotment for Vahh Chemicals IPO will be done on [.], and the allotted shares will be credited to your demat account by . Check the Vahh Chemicals IPO allotment status.

The Vahh Chemicals IPO listing date is not yet announced. The tentative date of listing is .

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