New Delhi, 11 June (H.S.): Vahh Chemicals, a manufacturer of specialty chemicals used in the textile industry, has launched its ₹13.45 crore Initial Public Offering (IPO) for public subscription. Investors can bid for the issue until June 8. Following the closure of the issue, share allotment is scheduled for June 9, while 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, equivalent to 4,000 shares, translating into an investment of ₹2,40,000.

Under the public issue, the company is offering 22.42 lakh fresh equity shares with a face value of ₹10 each. Out of the total issue size, 1.14 lakh shares have been reserved for the market maker.

The IPO structure earmarks 47.46 percent of the issue for retail investors and an equal 47.46 percent for Non-Institutional Investors (NIIs). The remaining 5.08 percent has been reserved for the market maker segment.

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 & Stock Broking Private Limited has been designated as the market maker.

According to the Draft Red Herring Prospectus (DRHP) filed with the Securities and Exchange Board of India (SEBI), Vahh Chemicals has demonstrated significant financial improvement over the past year.

The company reported a net profit of ₹2.58 crore in the financial year 2024-25. Profit increased substantially to ₹5.09 crore in the financial year 2025-26, reflecting strong operational growth.

Revenue also witnessed a sharp rise during the same period. Total revenue grew from ₹23.75 crore in FY 2024-25 to ₹43.19 crore in FY 2025-26, indicating robust business expansion and increased demand for the company's products.

The company's debt burden recorded only a marginal increase. Outstanding borrowings stood at ₹11.25 crore at the end of FY 2024-25 and rose slightly to ₹11.31 crore in FY 2025-26.

With improving profitability, strong revenue growth, and a stable debt profile, Vahh Chemicals is entering the capital market with a financial track record that reflects steady business expansion in the textile chemicals segment.

Hindusthan Samachar / Jun Sarkar