
Vahh Chemicals
OPENIPO Date: 4 Jun - 8 Jun 2026
Listing Date: 11 Jun 2026
Price Range
Rs.60 - Rs.60
Issue Size
13 Cr
Min Investment
₹1,20,000
Lot Size
2000 Shares
Schedule of Vahh Chemicals
Issue open date
4 Jun 2026
Issue close date
8 Jun 2026
UPI mandate deadline
8 Jun 2026 (5 PM)
Allotment finalization
9 Jun 2026
Share credit
10 Jun 2026
Listing date
11 Jun 2026
Mandate end date
23 Jun 2026
Issue size
| Funds Raised in the IPO | Amount |
|---|---|
| Overall | 13 Cr |
| Fresh Issue | 13.45 Cr |
| Offer for Sale | 0 Cr |
Allotment DetailsNew
| Allotment Timeline | Details |
|---|---|
| Allotment Date | 9 Jun 2026 |
| Allotment Link | {Link} |
Grey Market PremiumNew
Grey Market Premium (GMP) is the premium at which the shares are traded in the grey market. It gives a fair idea about the listing price of the IPO shares. The GMP can be positive or negative based on the demand and supply of the shares in the grey market.
| Date | Ipo Price | GMP | Estimated Listing Price |
|---|---|---|---|
| 3 Jun 2026 | ₹60 | ₹13 | ₹73 (21.67%) |
| 2 Jun 2026 | ₹60 | ₹14 | ₹74 (23.33%) |
| 1 Jun 2026 | ₹60 | ₹11 | ₹71 (18.33%) |
| 31 May 2026 | ₹60 | ₹15 | ₹75 (25%) |
| 30 May 2026 | ₹60 | ₹0 | ₹60 (0%) |
| 29 May 2026 | ₹60 | ₹0 | ₹60 (0%) |
| 28 May 2026 | ₹60 | ₹0 | ₹60 (0%) |
Performance Vahh Chemicals
| Issue Price | Listing Gain | Current Market Price | P/L |
|---|---|---|---|
| Rs.60 - Rs.60 | .... | .... | .... |
About Vahh Chemicals
Vahh Chemicals Limited is an ISO 9001:2015 certified company engaged in the business of manufacturing, trading, supplying, and blending textile auxiliary chemicals primarily used in the textile processing industry. The company primarily serves dyeing and printing houses by offering chemical solutions for various stages of textile processing, such as pre-treatment, dyeing, printing, and finishing. As of September 30, 2025, the company had a portfolio of 92 SKUs in its chemical division, catering to textile substrates including cotton, polyester, silk, and synthetic blends. The company also develops customised formulations that provide functional properties such as water repellence, flame resistance, anti-microbial finishes, UV absorbers, and wrinkle-free resins. Its operations are primarily conducted on a business-to-business (B2B) basis through its manufacturing facility located in Surat, Gujarat. The company operates through three business segments: trading in textile chemicals; blending of customised chemical formulations; and nutraceutical products through its subsidiary, HSHS Nutraceuticals Limited, under the “Divine Nutrition” brand. The company transitioned into a corporate structure in 2019 and expanded its operations through the acquisition of proprietary businesses in 2024. Use of proceeds: This is a fresh issue of shares. Therefore, the net proceeds from the fresh issue will go to the company. They will be utilised for the following purposes: Funding incremental working capital requirements of the company — Rs 5.84 crore Setting up a new manufacturing facility at Surat, Gujarat — Rs 1.84 crore Repayment of loan availed by the company — Rs 1.79 crore General corporate purposes
| Founded in | 2019 |
| Managing director | Mr Hiren Indravadan Desai |
| Parent organization |
Financial Overview
Strengths
- Long-standing relationships with a diversified customer base across regional and local companies.
- Business model focused on customised textile chemical solutions and strong customer relationships.
- Wide product portfolio covering chemicals used in pre-treatment, dyeing, printing, and finishing processes.
- Formulation expertise and quality maintenance support customer-specific textile processing needs.
- Experienced promoters and management team with extensive industry experience.
Risks
- Unsecured loans can be recalled at any time, which may impact liquidity and working capital.
- Quality or formulation errors in products may lead to customer dissatisfaction and business losses.
- Intense competition from organised and unorganised players may affect margins and market share.
- Failure to manage growth plans effectively could adversely affect business performance.
- Changes in customer requirements or market demands may affect the company’s operations and growth.
Subscription Figures
| Category | Subscription (No. of times) |
|---|---|
| Qualified Institutional Buyers (QIBs) | N/A |
| Non-Institutional Investors (NIIs) | N/A |
| Retail Individual Investors (RIIs) | N/A |
| Employee | N/A |
| Total | N/A |