Bookbuilding IPO | ₹65 Cr | Listed at NSE SME | Mon, Oct 31, 2022 - Thu, Nov 3, 2022
Vital Chemtech IPO is a book build issue of ₹64.64 crores. The issue is entirely a fresh issue of 0.64 crore shares of ₹64.64 crore.
Vital Chemtech IPO bidding started from Oct 31, 2022 and ended on Nov 3, 2022. The allotment for Vital Chemtech IPO was finalized on Nov 9, 2022. The shares got listed on NSE SME on Nov 14, 2022.
Vital Chemtech IPO price band is set at ₹101 per share. The lot size for an application is 1,200. The minimum amount of investment required by an retail is ₹1,21,200 (1200 shares) (based on upper price). The minimum lot size for investment in HNI is 2 lots (2,400 shares), amounting to ₹2,42,400.
Beeline Capital Advisors Pvt.Ltd. is the book running lead manager and Skyline Financial Services Pvt.Ltd. is the registrar of the issue. The Market Maker of the company is Sunflower Broking Pvt.Ltd..
Refer to Vital Chemtech IPO RHP for detailed Information.
IPO Open
Mon, Oct 31, 2022
IPO Close
Thu, Nov 3, 2022
Issue Price
₹101 per share
Market Cap (Pre-IPO)
₹241.91 Cr
| IPO Date | 31 Oct to 3 Nov, 2022 |
| Listed on | Mon, Nov 14, 2022 |
| Face Value | ₹10 per share |
| Price Band | ₹95 to ₹101 |
| Issue Price | ₹101 per share |
| Lot Size | 1,200 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Bookbuilding IPO |
| Listing At | NSE SME |
| Total Issue Size | 63,99,600 shares (agg. up to ₹65 Cr) |
| Reserved for Market Maker | 3,20,400 shares Sunflower Broking Pvt.Ltd. (agg. up to ₹3 Cr) |
| Fresh Issue (Ex Market Maker) | 60,79,200 shares (agg. up to ₹61 Cr) |
| Net Offered to Public | 60,79,200 shares (agg. up to ₹61 Cr) |
| Share Holding Pre Issue | 1,75,51,500 shares |
| Share Holding Post Issue | 2,39,51,100 shares |
| NSE Symbol | VITAL |
| ISIN | INE0L4K01016 |
Vital Chemtech IPO comprises a total issue size of 63,99,600 shares. The net offer to the public is 60,79,200 shares, after excluding 3,20,400 shares allotted on a firm basis. Of the Net offer 30,37,200 (49.96%) are allocated to QIB, 9,12,000 (15.00%) allocated to NII 21,30,000 (35.04%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| QIB Shares Offered | 30,37,200 | 49.96% | 47.46% |
| − Anchor Investor Shares Offered | 18,18,000 | 28.41% | |
| − QIB (Ex. Anchor) Shares Offered | 12,19,200 | 19.05% | |
| NII (HNI) Shares Offered | 9,12,000 | 15.00% | 14.25% |
| Retail Shares Offered | 21,30,000 | 35.04% | 33.28% |
| Firm Reservations | |||
| Market Maker Shares Offered | 3,20,400 | 5.01% | |
| Total Shares Offered | 63,99,600 | 100.00% | 100.00% |
Investors can bid for a minimum of 1,200 shares and in multiples thereof.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1,200 | ₹1,21,200 |
| Retail (Max) | 1 | 1,200 | ₹1,21,200 |
| HNI (Min) | 2 | 2,400 | ₹2,42,400 |
Vital Chemtech IPO raises ₹18.36 crore from anchor investors. Vital Chemtech IPO Anchor bid date is October 30, 2022.
📝 Anchor Investors Letter (PDF)
| Bid Date | Sun, Oct 30, 2022 |
| Shares Offered | 18,18,000 |
| Anchor Portion (₹ Cr.) | 18.36 |
| Anchor lock-in period end date for 50% shares (30 Days) | Fri, Dec 9, 2022 |
| Anchor lock-in period end date for remaining shares (90 Days) | Tue, Feb 7, 2023 |
Incorporated in 2013, Vital Chemtech Limited is engaged in the business of manufacturing of Phosphorus Derivatives Producuts. The company is a manufacturer and supplier of Phosphorus base chemicals with the highest quality practices and compliant with the chemical industry's highest environmental, Health, and Safety (EHS).
Vital Chemtech Limited's manufacturing facilities are located at 3 Various Sites in the GIDC Area. Dahej area of PCPIR region and One is located in GIDC Area, Sanand District Ahmedabad.
The company manufactures Phosphorus Trichloride (PCl3), Phosphorus Oxychloride (POCl3), Phosphorus Pentachloride (PCl5), Phosphorus Pentoxide (P2O5), Poly Phosphoric Acid (PPA) and Phosphorus Pentasulfide (P2S5) for our customers across segments such as Lifesciences, Crop Care, Specialty Chemicals, Textile Auxiliaries, Dyes, Pigments and Plastic Additives.
Competitive Strength:
| Period Ended | 30 Apr 2022 | 31 Mar 2022 | 24 Nov 2021 | 31 Mar 2021 | 31 Mar 2020 |
|---|---|---|---|---|---|
| Assets | 89.92 | 80.94 | 64.09 | 30.41 | 23.19 |
| Total Income | 10.80 | 57.87 | 86.04 | 47.68 | 41.61 |
| Profit After Tax | 1.35 | 6.71 | 7.85 | 2.94 | 1.05 |
| NET Worth | 14.73 | 13.37 | 6.72 | 5.98 | 3.04 |
| Reserves and Surplus | 8.06 | 6.71 | 0.00 | 0.00 | 0.00 |
| Total Borrowing | 34.19 | 35.00 | 16.36 | 10.06 | 9.54 |
| Amount in ₹ Crore | |||||
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Working Capital Requirements | 45.00 |
| 2 | General Corporate Purpose | 15.75 |
| 3 | Public Issue Expenses | 3.88 |
| KPI | |
|---|---|
| ROE | 66.59 |
| ROCE | 37.81 |
| Debt/Equity | 2.61 |
| RoNW | 50.17 |
| PAT Margin | 12.82% |
| EBITDA Margin | 17.18% |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (₹) | 8.66 | |
| P/E (x) | 14.94 | |
| Promoter Holding | 99.99% | |
| Market Cap | ₹241.91 Cr. |
The Vital Chemtech IPO is subscribed 79.33 times on November 3, 2022 7:00:00 PM (Day 4). The public issue subscribed 116.98 times in the retail category, 15.48 times in the QIB category, and 204.05 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for |
|---|---|---|---|
| QIB | 15.48 | 30,37,600 | 4,70,12,400 |
| NII* | 204.05 | 9,12,000 | 18,60,97,200 |
| Retail | 116.98 | 21,30,000 | 24,91,71,600 |
| Total | 79.33 | 60,79,600 | 48,22,81,200 |
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Lead Manger Fees including Underwriting Commission | 3.48 |
| 2 | Fees Payable to Advisor to the issue and Consultants | |
| 3 | Fees Payable to Registrar to the Issue | 0.00 |
| 4 | Fees Payable Advertising, Marketing Expenses and Printing Expenses | 0.25 |
| 5 | Fees Payable to Regulators including Stock Exchanges and other Intermediaries | 0.04 |
| 6 | Fees payable to Peer Review Auditor | 0.05 |
| 7 | Fees Payable to Market Maker (for Two Years) | 0.06 |
| 8 | Escrow Bank Fees | 0.01 |
| Price Details | NSE SME |
|---|---|
| Final Issue Price | ₹101.00 |
| Open | ₹164.00 |
| Low | ₹155.80 |
| High | ₹170.00 |
| Last Trade | ₹163.10 |
Lead Manager Reports
Vital Chemtech IPO is a SME IPO of 63,99,600 equity shares of the face value of ₹10 aggregating up to ₹65 Crores. The issue is priced at ₹101 per share. The minimum order quantity is 1200.
The IPO opens on Mon, Oct 31, 2022, and closes on Thu, Nov 3, 2022.
Skyline Financial Services Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on NSE SME.
Zerodha customers can apply online in Vital Chemtech IPO using UPI as a payment gateway. Zerodha customers can apply in Vital Chemtech IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Vital Chemtech IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Vital Chemtech IPO opens on Mon, Oct 31, 2022 and closes on Thu, Nov 3, 2022.
Vital Chemtech IPO lot size is 1200, and the minimum amount required for application is ₹1,21,200.
You can apply in Vital Chemtech 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 Vital Chemtech IPO will be done on Wednesday, November 9, 2022, and the allotted shares will be credited to your demat account by Fri, Nov 11, 2022. Check the Vital Chemtech IPO allotment status.
The Vital Chemtech IPO listing date is on Mon, Nov 14, 2022.
