MARKET CLOSED
IPO
Vahh Chemicals IPO
smelistedRegistrar: Kfin Technologies Ltd. · Listing 2026-06-11
IPO Timeline
Today · 21 Oct 2026
Opens
04 Jun 2026
Closes
08 Jun 2026
Allotment
09 Jun 2026
Refund
10 Jun 2026
Demat
10 Jun 2026
Listing
11 Jun 2026
Price Band
₹60–60
GMP
₹13.5
22.5%
Lot Size
2000 Shares
Min ₹120,000
Subscription
86.08x
Issue Size
₹13 Cr
Open
2026-06-04
Close
2026-06-08
Listing
2026-06-11
About the company
GMP trend (Grey Market Premium by date)
Today₹13.5 (22.5%)
High₹15
Low₹0
Est. Listing₹73.5
| Date | GMP (₹) | Est. Listing | Change |
|---|---|---|---|
| 08 Jun | ₹13.5 | ₹73.5 | +2.5 |
| 07 Jun | ₹11 | ₹71 | 0 |
| 06 Jun | ₹11 | ₹71 | -1 |
| 05 Jun | ₹12 | ₹72 | 0 |
| 04 Jun | ₹12 | ₹72 | -1 |
| 03 Jun | ₹13 | ₹73 | -1 |
| 02 Jun | ₹14 | ₹74 | +3 |
| 01 Jun | ₹11 | ₹71 | 0 |
Strengths
- Operates in the textile auxiliary chemicals segment, supplying products used in pre-treatment, dyeing, printing, and finishing processes.
- ISO 9001:2015 certified company, which supports quality and process credibility.
- Provides customized chemical formulations tailored to customer requirements, helping build client relationships.
- Strong profitability with annualized EBITDA margin of around 24.9% and PAT margin of about 12.5%.
- Reported annualized revenue of about ₹16.5 crore and PAT of about ₹2.1 crore, indicating profitable operations despite its small scale.
- IPO valuation appears relatively reasonable with a P/E of around 12 times.
- Funds are being used for working capital expansion and a new manufacturing facility, which can support future growth.
- Presence in the textile ecosystem of Surat provides access to a large customer base.
Risks
- SME IPO listing carries higher liquidity risk and volatility compared to mainboard companies.
- Small revenue scale makes earnings sensitive to customer concentration and demand fluctuations.
- Business is linked to the textile industry, which is cyclical and affected by export demand and raw material costs.
- Faces competition from larger chemical manufacturers with stronger distribution networks and financial resources.
- Working capital requirements are significant, as a major portion of IPO proceeds is allocated toward working capital funding.
- Dependence on textile processing activity could impact growth during industry slowdowns.
- Limited public operating history and lower market visibility compared to established listed chemical companies.
- Current grey market premium is negligible, indicating limited listing gain expectations at present.
Financial performance (₹ Cr)
Subscription breakup (final, times)
Retail1.3x
QIB0x
NII1.33x
EMP0x
OTHER0x
Total1.32x
IPO Roadmap / Timeline
Current Status · as of 21 Oct 2026
Listed
Listed on 11 Jun 2026
IPO Opens
Completed04 Jun 2026Bidding starts for all investor categories
IPO Closes
Completed08 Jun 2026Last day to place your bid
Basis of Allotment
Completed09 Jun 2026Share allotment finalised
Refund Initiation
Completed10 Jun 2026Refunds credited for non-allottees
Credit to Demat
Completed10 Jun 2026Allotted shares credited to demat account
Listing on Exchange
Completed11 Jun 2026Shares list on NSE / BSE
Post-close dates are indicative as per SEBI T+3 listing framework and may change per registrar updates.
Lot size & minimum investment
Lot Size
2000 shares
Price / Share (upper)
₹60
Min Investment (1 lot)
₹120,000
Price Band
₹60–60
Retail / Individual
1 lot only
Min lots
1
Min shares
2000
Min amount
₹120,000
Max amount
₹120,000
HNI
Min 2 lots
Min lots
2
Min shares
4000
Min amount
₹240,000
Max amount
₹240,000
| Investor Type | Min Lots | Min Shares | Min Amount | Max Lots | Max Amount | Notes |
|---|---|---|---|---|---|---|
| Retail / Individual | 1 | 2000 | ₹120,000 | 1 | ₹120,000 | 1 lot only |
| HNI | 2 | 4000 | ₹240,000 | 2 | ₹240,000 | Min 2 lots |
Shares reserved per category & allotment probability
QIB
100% allotment
Reservation
50%
Amount
₹6.5 Cr
Shares offered
1,083,334
Shares bid
0
Subscribed
0.00x
NII
75.2% allotment
Reservation
15%
Amount
₹1.95 Cr
Shares offered
325,000
Shares bid
432,250
Subscribed
1.33x
Retail
76.9% allotment
Reservation
35%
Amount
₹4.55 Cr
Shares offered
758,333
Shares bid
985,833
Subscribed
1.30x
| Category | Reservation | Shares Offered | Amount (₹ Cr) | Shares Bid | Subscribed | Allotment % |
|---|---|---|---|---|---|---|
| QIB | 50% | 1,083,334 | 6.5 | 0 | 0.00x | 100% |
| NII | 15% | 325,000 | 1.95 | 432,250 | 1.33x | 75.2% |
| Retail | 35% | 758,333 | 4.55 | 985,833 | 1.30x | 76.9% |
Retail is a lottery-based allotment when oversubscribed; QIB/NII get pro-rata. Probability ≈ 1 / subscription times (100% if under-subscribed).
