Vahh Chemicals Ipo
Vahh Chemicals IPO Review & Key Points
Review: Neutral
IPO Lead Managers aka Merchant Bankers
Marwadi Chandarana Intermediaries Brokers Pvt. Ltd.
| Name of the Company | Face Value (₹) | EPS basic (₹) | EPS Diluted (₹) | RONW (%) | P/E Ratio | NAV (₹) |
| Powerica Limited | 5 | 15.26 | 15.26 | 15.37 % | 24.45 | 99.76 |
| Listed Peers | ||||||
| Cummins India Limited | 2 | 72.15 | 72.15 | 26.45% | 64.13 | 272.78 |
| Kirloskar Oil Engines Limited | 2 | 33.71 | 33.60 | 15.85% | 43.24 | 212.60 |
| NTPC Green Energy Limited | 10 | 0.67 | 0.67 | 2.58% | 129.40 | 21.88 |
| Acme Solar Holdings Limited | 2 | 4.55 | 4.53 | 5.59% | 50.74 | 74.54 |
| Adani Green Energy Limited | 10 | 8.37 | 8.37 | 11.90% | 101.53 | 76.62 |
| IPO Open Date | June 4, 2026 |
| IPO Close Date | June 8, 2026 |
| Face Value | ₹10 Per Equity Share |
| IPO Price Band | ₹60 Per Share |
| Issue Size | Approx ₹13.45 Crores |
| Fresh Issue | Approx ₹13.45 Crores |
| Issue Type | Fixed Price Issue |
| IPO Listing | BSE SME |
| DRHP Draft Prospectus | |
| RHP Draft Prospectus |
| Application | Lot Size | Shares | Amount |
| Retail Minimum | 2 | 4,000 | ₹2,40,000 |
| Retail Maximum | 2 | 4,000 | ₹2,40,000 |
| S-HNI Minimum | 3 | 6,000 | ₹3,60,000 |
| Investor Category | Share Offered | Shares (%) |
| Anchor Investor | – Shares | -% |
| NII Shares Offered | 10,64,000 Shares | 47.46% |
| Retail Shares Offered | 10,64,000 Shares | 47.46% |
| IPO Open Date: | June 4, 2026 |
| IPO Close Date: | June 8, 2026 |
| Basis of Allotment: | June 9, 2026 |
| Refunds: | June 10, 2026 |
| Credit to Demat Account: | June 10, 2026 |
| IPO Listing Date: | June 11, 2026 |
| IPO Bidding Cut-off Time: | June 8, 2026 – 5 PM |
| Particular | Shares | % Share |
| Promoter Holding Pre Issue | 60,63,868 | 88.52% |
| Promoter Holding Post Issue | 83,05,868 | 64.63% |
| Purpose | Crores |
| 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 | ₹- |
| Period Ended | Revenue | Expense | PAT | Assets |
| 2025 | ₹23.75 | ₹20.07 | ₹2.58 | ₹39.28 |
| 2026 | ₹43.19 | ₹36.24 | ₹5.09 | ₹43.87 |
| KPI | Values |
| ROE: | 34.11% |
| ROCE: | 31.76% |
| EBITDA Margin: | 19.06% |
| PAT Margin: | 11.79% |
| Debt to equity ratio: | 0.76 |
| Earning Per Share (EPS): | ₹8.00 (Basic) |
| Price/Earning P/E Ratio: | 7.50 |
| Return on Net Worth (RoNW): | 32.21% |
| Net Asset Value (NAV): | ₹24.60 |
| Company | EPS | PE Ratio | RoNW % | NAV | PAT (₹) |
| Bhatia Colour Chem Limited | 2.95 | 18.07 | 4.00% | 73.80 | 154.62 Cr. |
| Period Ended | Revenue | Expense | PAT | Assets |
| 2023 | ₹184.81 | ₹154.97 | ₹32.10 | ₹251.58 |
| 2024 | ₹206.45 | ₹175.85 | ₹34.44 | ₹339.25 |
| 2025 | ₹322.58 | ₹261.43 | ₹28.13 | ₹455.49 |
| Dec 2025 | ₹236.50 | ₹186.96 | ₹38.69 | ₹561.34 |