Vahh Chemicals IPO
Market Sentiment
IPO Details
Market Lot Size
IPO Reservation
Day-wise Subscription (times subscribed)
Financial Analysis
| Metric | 2025 | 2026 |
|---|---|---|
| Revenue | 23.75 | 43.19 |
| Expense | 20.07 | 36.24 |
| Profit (PAT) | 2.58 | 5.09 |
| Total Assets | 39.28 | 43.87 |
Promoters: Hiren Indravadan Desai, Hetal Hirenbhai Desai, and Aayush Hiren Desai
| Shareholding | No. of Shares | Holding % |
|---|---|---|
| Promoter Holding Pre Issue | 60,63,868 | 88.52% |
| Promoter Holding Post Issue | 83,05,868 | 64.63% |
Strengths & Risks
- Heavily oversubscribed — 87.2x overall (so far).
- Solid profit margin — 12.6%.
- Strong return on equity — 65%.
- Revenue fell 30% in the latest reported year.
- Elevated leverage — debt/equity of 1.64.
Auto-generated from live GMP, subscription, valuation and financial data. Informational only — not investment advice. Always read the RHP before applying.
Company Information
Vahh Chemicals, founded in 2019, has been engaged in manufacturing and trading textile auxiliary chemicals in India. The company buys and mixes textile chemicals and uses them in different fabric processing, such as the pre-treatment of fabric, dyeing, printing, and finishing processes. Its customers include dyeing and printing houses, and they also offer customized chemical solutions as per the customer’s requirements. These chemicals are used in the textile industry to improve the fabric quality, texture, enhance colour vibrancy, and ensure the durability of textile products. Their products can be used in various industries such as cotton, polyester, silk, and synthetic blended fabrics. Moreover, Vahh Chemicals also offers specialty chemicals with additional properties like water repellence, flame resistance, anti-microbial effects, UV protection, and wrinkle-free finishes.
| Purpose | Amount (Cr) |
|---|---|
| Funding incremental working capital requirements of our Company | 5.84 |
| Setting up a new manufacturing facility at Surat, Gujarat (“Proposed facility”) | 1.84 |
| Repayment of loan availed by our Company | 1.79 |
| General Corporate Purpose | - |
Resources & Documents
Vahh Chemicals Ltd., Plot 2/5198 ETC, 5th Floor,5003,, World Trade Centre, Near Udhna Darawaja, Ring Road, Surat, Gujarat, 395002
Vahh Chemicals has fixed the issue price at Rs 60 per share for an issue size of Rs 13 crore. The stock listed with a 16.67% gain versus its issue price on June 11, 2026.
Vahh Chemicals, founded in 2019, has been engaged in manufacturing and trading textile auxiliary chemicals in India. The company buys and mixes textile chemicals and uses them in different fabric processing, such as the pre-treatment of fabric, dyeing, printing, and finishing processes.
The issue is promoted by Hiren Indravadan Desai, Hetal Hirenbhai Desai, and Aayush Hiren Desai with Marwadi Chandarana Intermediaries Brokers Pvt.Ltd. acting as lead manager. Net proceeds will primarily be used towards Funding incremental working capital requirements of our Company (Rs 6 crore) and Setting up a new manufacturing facility at Surat, Gujarat (“Proposed facility”) (Rs 2 crore).
Grey market is quoting a premium of +Rs 3 (+5.0% over issue price), down Rs 1 from the previous session. Final subscription data records overall subscription at 87.22x, retail at 100.18x, NII at 74.18x.
At the upper end of the price band, the issue is priced at a post-issue P/E of 10.62x. On fundamentals, the company is posting revenue growth of -30.4%, a profit margin of 12.6%, return on equity of 65.4% in its most recent reported period. Listed peers in this segment include Bhatia Colour Chem Limited (P/E 18.07x) — useful reference points when evaluating the issue's pricing relative to where the broader sector is trading.
Our data-driven engine currently flags this issue as a Subscribe call — the composite picture tilts favourable, though not without some caveats. Past performance does not predict future returns — review the price chart and peer comparison below before trading.
Vahh Chemicals IPO GMP — What It Means
The latest grey market premium for Vahh Chemicals IPO is ₹3 (+5.0%). GMP is an unofficial, dealer-quoted figure that hints at expected listing-day demand — it is not a guaranteed listing price. For Vahh Chemicals it should be read alongside the subscription numbers and the company's fundamentals, since grey-market premiums can swing sharply during the bidding window.
See the full Vahh Chemicals GMP history and trend, or learn how grey market premium works and how reliable it is.
Related IPO
No comments yet. Be the first to share your opinion!