Explore the upcoming Vahh Chemical IPO, which is to be listed on BSE SME from 4th to 8th June 2026, with a face value of ₹10 and a final issue price of ₹60. The IPO raises only a fresh issue of ₹13 crore to fund production expansion, debt repayment, etc.
With a face value of ₹10 per share, the Vahh Chemicals IPO opening and closing dates are 4 June 2026 and 8 June 2026, respectively. The IPO will list on BSE SME, with a total issue size of 22,42,000 shares, which amounts to ₹13 crore. The allotment of Vahh Chemicals IPO shares would be finalised by 9 June 2026, while the tentative listing date is 11 June 2026.
The lot size for applications is 2000 shares, and the final issuance price is ₹60 per share. Individual retail investors must make a minimum investment of ₹2,40,000 (4,000 shares). Additionally, three lots (6,000 shares) or ₹3,60,000 is the minimum lot size required for HNI investors.
Vahh Chemicals IPO Details
The key details of Vahh Chemicals IPO are summarised in the table below.
| IPO Open Date | 4 June 2026 |
| Close Date | 8 June 2026 |
| Face value | ₹10 per share |
| Price Band | NA |
| Issue price | ₹60 per share |
| IPO Lot Size | 2,000 shares |
| Offer for sale | NA |
| Fresh issue | 22,42,000 shares (up to ₹13 Cr) |
| Issue Type | SME IPO |
| Listing at | BSE SME |
| Total Issue Size (₹ Crore) | Up to ₹13 crore |
| Minimum Investment | ₹2,40,000 |
Vahh Chemicals IPO Timeline
The Vahh Chemicals IPO opening and closing timeline, along with other key dates which investors must note, are listed below.
| IPO Open Date | Thursday, 4 June 2026 |
| IPO Close Date | Monday, 8 June 2026 |
| Tentative Allotment | Tuesday, 9 June 2026 |
| Initiation of Refunds | Wednesday, 10 June 2026 |
| Credit of Shares to Demat | Wednesday, 10 June 2026 |
| Tentative Listing Date | Thursday, 11 June 2026 |
| Cut-off time for UPI mandate confirmation | 5 PM on Monday, 8 June 2026 |
Vahh Chemicals Key Performance Indicator
The table below explains the key financial metrics that can help judge the Vahh Chemical IPO.
| Parameter | 31 March 2026 | 31 March 2025 | 31 March 2024 |
| ROE | 34.11% | 37.59% | 33.55% |
| ROCE | 31.76% | 25.85% | 16.58% |
| Debt Equity | 0.76 | 1.64 | 5.93 |
| RoNW | 32.21% | 38.52% | 33.55% |
| PAT Margin | 11.79% | 10.87% | 3.39% |
| EBITDA margin | 19.06% | 19.69% | 11.05% |
| Price Book Value | 2.44 | 4.69 | – |
Vahh Chemicals IPO Financials
The table below highlights the financial performance of Vahh Chemicals.
| Parameters (₹ lakhs) | 31 March 2026 | 31 March 2025 | 31 March 2024 |
| Revenue | 4315.25 | 2,374.71 | 1,015.53 |
| Total Asset | 4,386.53 | 3,927.70 | 792.95 |
| Profit | 508.83 | 258.22 | 34.46 |
Vahh Chemicals India IPO Subscription Status
Vahh Chemicals IPO shares subscription is as follows:
Subscription Details Not Yet Available
Subscription information will be displayed once the bidding process starts.
On public issue days, bidding is available from 10:00 AM to 5:00 PM.
Vahh Chemicals IPO Grey Market Premium (GMP Today)
The Vahh Chemicals IPO GMP rose ₹15 on 31 May 2025 but fell to ₹11 on 1 June 2025. This explains that the initial positive sentiment in the market diminished. However, GMP updates regularly; thus, investors must stay up-to-date with the latest trends.
| Date | GMP (₹) | Estimated Listing Price | Estimated Listing Gain | Trend | Last Updated |
| 01 May 2026 | ₹11 | ₹71 (18.33%) | ₹22,000 | 🔽 Slight Dip | 1 June 2026 12:33 |
| 31 June 2026 | ₹15 | ₹75 (25.00%) | ₹30,000 | 🔼 Increasing | 31 May 2026 23:37 |
| 30 June 2026 | 0 | ₹60 (0.00%) | 0 | – | 30 May 2026 23:33 |
| 29 June 2026 | 0 | ₹60 (0.00%) | 0 | – | 29 May 2026 23:29 |
| 28 June 2026 | 0 | ₹60 (0.00%) | 0 | – | 28 May 2026 23:29 |
Note: The grey market is the source of GMP (Grey Market Premium) values, which can fluctuate quickly depending on market mood, subscription status, and demand.
Vahh Chemicals IPO Reservation
The issue reservation details of Vahh Chemicals IPO are explained in the table below.
| Investor Category | Shares offered | % of Net Issue | % of Total Issue |
| Market Maker Shares Offered | 1,14,000 | NA | 5.08% |
| QIB Shares Offered | NA | NA | NA |
| NII (HNI) Shares Offered | 10,64,000 | 50.00% | 47.46% |
| Retail Shares Offered | 10,64,000 | 50.00% | 47.46% |
| Total Shares Offered | 22,42,000 | 100.00% | 100.00% |
Vahh Chemicals IPO Lot Size
Investors must understand the minimum amount they need to invest in the Vahh Chemical IPO based on the category in which they fall.
| Investor Category | Lots | Shares | Amount |
| Individual investors (Retail) Minimum | 2 | 4,000 | ₹2,40,000 |
| Individual investors (Retail) Maximum | 2 | 4,000 | ₹2,40,000 |
| HNI Minimum | 3 | 6,000 | ₹3,60,000 |
Vahh Chemicals IPO Anchor Investors
According to the final prospectus of Vahh Chemicals IPO, the company has not kept any allocation for anchor investors.
| Parameters | Details |
| Bid Date | NA |
| Shares Offered | NA |
| Anchor Portion Size (In Cr.) | NA |
| Anchor lock-in period end date for 50% shares (30 Days) | NA |
| Anchor lock-in period end date for remaining shares (90 Days) | NA |
Vahh Chemicals IPO Prospectus
The table below lists the key offer documents of the Vahh Chemicals IPO.
| Vahh Chemicals IPO DRHP | |
| Vahh Chemicals IPO RHP | |
| Vahh Chemicals IPO Anchor Investors | NA |
| Vahh Chemicals IPO Final Prospectus |
About Vahh Chemicals
Vahh Chemicals was incorporated in 2019, with Hiren Desai as its promoter. The company is primarily engaged in the manufacturing and trading of textile auxiliary chemicals. It obtains and blends a diverse variety of chemicals employed in textile processing, such as pre-treatment, dyeing, printing, and finishing. Below are the three business segments of Vahh Chemicals.
- Trading: The distribution of textile chemicals to improve the dyeing and printing processes in textile mills, such as pre-treatment agents, finishing chemicals, and dyeing auxiliaries.
- Blending: Customised chemical mixes with formulae intended to improve quality are used to guarantee that textile producers obtain improved outcomes.
- Nutrition: The subsidiary has developed nutraceutical items to promote wellbeing, health, and better daily nutrition.
The proportional contribution of these three vertices to revenue is displayed in the table below.
| Particulars | 2026 | 2025 | 2024 |
| Trading | 66.59% | 66.66% | 76.45% |
| Blending | 8.13% | 19.36% | 23.55% |
| Nutrition | 25.27% | 13.98% | NA |
The company has ISO 9001: 2015 certification, and the primary customers of the business are employed in dyeing and printing facilities. Vahh Chemicals also offers specialised chemical compositions to satisfy their unique needs. Through their B2B model and approximately 301.25 square meters of facility, the company offers 114 SKUs in their chemical division as of 31 March 2026.
| Book running lead manager | Marwadi Chandarana Intermediaries Brokers Private Limited |
| Registrar of the issue | KFin Technologies Limited |
Objectives of the Vahh Chemicals
The net proceeds from the Vahh Chemicals IPO will be used to fulfil the following needs.
| Particulars | Amount (₹ lakhs) |
| Fund the rising working capital needs | 583.78 |
| New manufacturing facility in Surat, Gujarat | 192.94 |
| Debt repayment | 184.35 |
| General business needs | 201.78 |
Strength Of Vahh Chemicals
The strengths of the Vahh Chemicals IPO are discussed below.
- Customer base: The company has a long-standing relationship with a diversified customer base, which reduces its vulnerability to demand fluctuations. As of 31 March 2026, the company has served about 71 local and regional companies. Furthermore, the top five customers contributed 52.59% of revenue, while 68.06% is the contribution of top 10 customers in 2026.
- Customised solutions: The business model of the company is divided into two categories, namely Customised Chemical Blending and Trading of Textile Chemicals. The business is capable of customising and addressing the needs of customers.
- Promoters and management team: The promoters have over a decade of experience in the textile industry, resulting in a competitive advantage.
Risk of Vahh Chemicals
The risks of Vahh Chemicals IPO are discussed below.
- Dependence on production unit: A significant amount of their income comes from Surat, Gujarat. The revenue and operational outcomes might be negatively impacted by any unfavourable events that affect the activities in Gujarat.
- Legal proceedings: The company, financial situation, and operational performance might be negatively impacted by certain ongoing legal proceedings involving the promoter and promoter entities.
- Revenue dependency: The top 10 customers contributed about about 68.06% of revenue as of 1 June 2026. The earnings and profitability might be negatively impacted by any loss of business from one or more of them.
- Supplier relationships: The company relies on a small number of vendors to meet its material needs. Furthermore, the majority of the suppliers do not have established terms of trade or final agreements. Therefore, the business operations might be negatively impacted if they are unable to effectively utilise their connections with current suppliers or find new ones.
- Third-party transportation: For the delivery of both raw materials and completed goods, the company depends on outside transportation companies. Therefore, the reputation, business, financial condition, operational results, and prospects of our company may be negatively impacted by ongoing increases in transportation costs or the unavailability of services, etc.
Vahh Chemicals IPO Review
The Vahh Chemicals IPO subscription has not begun yet, but in the Grey Market, the company’s IPO GMP is at ₹11 currently (1 June 2026 at 12:33). The IPO opening and closing dates are 4 June and 8 June 2026, respectively. The company has a strong customer base, customised solutions, certifications, and more. The IPO has a fresh issue alone meant for the expansion of the production facility, debt repayment, working capital needs, and more. However, there are certain risks that prospective investors must consider, including dependence on third-party transportation, revenue concentration, etc.
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Vahh Chemicals IPO FAQs
The Vahh Chemicals IPO has a fresh issue alone, amounting to ₹13 crore. The face value is ₹10, while the final issue price is ₹60. The IPO opens and closes on 4 June 2026 and 8 June 2026, respectively. The shares would be listed on the BSE SME.
During the June 4 and June 8, 2026, subscription period, investors may apply using ASBA-enabled net banking or UPI through their stockbroker. The deadline for UPI mandates is May 25, 2026, at 5:00 PM.
The company has a strong customer base and key expansion plans. However, there are certain risks as well, including third-party transportation, dependence on suppliers without long-term agreements, revenue concentration, etc. Therefore, investors must analyse the IPO thoroughly and invest if it aligns with their goals and risk appetite.
The Vahh Chemicals IPO GMP was ₹15 on 31 May 2026 at 23:37, marking an estimated listing gain of ₹30,000. However, as of 1 June 2026 at 12:33, the IPO marked a dip. GMP reached ₹11, resulting in an estimated gain of ₹22,000. However, GMP changes often; thus, investors must stay updated.
The Vahh Chemicals IPO opens on 4 June 2026 and closes on 8 June 2026.
The Vahh Chemicals IPO lot size is 2000 shares. The minimum investment for individual retail investors includes 2 lots, amounting to 4,000 shares or ₹2,40,000, given the final issue price of ₹60.
The Vahh Chemicals tentative allotment is on Tuesday, 9 June 2026.
The Vahh Chemicals will list on the BSE SME on Thursday, 11 June 2026.
