New Delhi, June 4 (H.S.): The ₹13.45 crore Initial Public Offering (IPO) of vah Chemicals Limited, a manufacturer of chemicals used in the textile industry, opened for subscription today. Investors can place bids for the issue until June 8. Following the closure of the issue, share allotment is scheduled for June 9, while the allotted shares are expected to be credited to investors’ demat accounts on June 10. The company’s shares are likely to be listed on the BSE SME platform on June 11.

The IPO has been priced at ₹60 per share, with a lot size of 2,000 shares. Retail investors are required to apply for a minimum of two lots, or 4,000 shares, which translates into a minimum investment of ₹2,40,000. Under the issue, the company is offering 2.242 million fresh equity shares with a face value of ₹10 each. Out of these, 114,000 shares have been reserved for the market maker.

The issue reserves 47.46 percent of the offering for retail investors and an equal 47.46 percent for Non-Institutional Investors (NIIs). The remaining 5.08 percent has been allocated to the market maker category. Marwadi Chandarana Intermediaries Brokers Private Limited has been appointed as the Book Running Lead Manager for the issue, while KFin Technologies Limited is serving as the registrar. Mansi Share and Stock Broking Private Limited has been designated as the market maker for the IPO.

Regarding the company's financial performance, claims made in the Draft Red Herring Prospectus (DRHP) filed with the capital markets regulator Securities and Exchange Board of India indicate a steady strengthening of its financial position. The company reported a net profit of ₹2.58 crore in FY 2024–25, which increased to ₹5.09 crore in FY 2025–26.

The company also recorded significant growth in revenue during the period. Total revenue rose from ₹23.75 crore in FY 2024–25 to ₹43.19 crore in FY 2025–26.

During the same period, the company's debt burden increased marginally. Outstanding debt stood at ₹11.25 crore at the end of FY 2024–25 and rose slightly to ₹11.31 crore in FY 2025–26.

The company's net worth also improved substantially, increasing from ₹6.87 crore in FY 2024–25 to ₹14.92 crore in FY 2025–26. Its reserves and surplus likewise witnessed strong growth, rising from ₹1.50 crore to ₹8.85 crore during the period.

Similarly, EBITDA (Earnings Before Interest, Taxes, Depreciation and Amortization) increased from ₹4.68 crore in FY 2024–25 to ₹8.23 crore in FY 2025–26, reflecting an improvement in the company’s operational performance and profitability.

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Hindusthan Samachar / Jun Sarkar