Incorporated in 2019, Vahh Chemicals is an ISO 9001:2015 certified company engaged in manufacturing, supplying, and trading textile auxiliary chemicals. The company sources and blends a wide range of chemicals used in textile processing, including pre-treatment, dyeing, printing, and finishing. Its main customers are dyeing and printing houses, and the company also provide customized chemical formulations to meet their specific requirements.
As of September 30, 2025, the company offers 92 SKUs covering various textile substrates such as cotton, polyester, silk, and synthetic blends. It also supply specialty chemicals that add functional properties like water repellence, flame resistance, anti-microbial effects, UV protection, and wrinkle-free finishes.
The company had a total of 29 employees as of September 30, 2025.
The company operates mainly on a B2B model. Its facility covers about 301.25 square meters, and it has a strong distribution network in Surat.
The business operates under three segments:
- Trading– Distribution of textile chemicals for pre-treatment, dyeing, and finishing.
- Blending– Customized chemical blends to enhance textile quality.
- Nutrition– Nutraceutical products developed and marketed by subsidiary, "HSHS Nutraceuticals Limited" which markets products under the brand “Divine Nutrition”. These products are sold across India through online platforms, supplement stores, and gym distributors
Competitive strengths
- Long standing relationships with a diversified customer base.
- Business Model focused on customized solutions and strong customer relationships.
- Experienced Promoters and management team.
| Purpose | Amount (₹ Cr) |
|---|---|
| Funding incremental working capital requirements of our Company | ₹6 |
| Setting up a new manufacturing facility at Surat, Gujarat (“Proposed facility”) | ₹2 |
| Repayment of loan availed by our Company | ₹2 |
| General corporate purposes | — |
| Metric | 30 Sep 2025 | 31 Mar 2025 | |
|---|---|---|---|
| Total Assets | 42 | 39 | — |
| Revenue | 17 | 24 | — |
| PAT | 2 | 258 | — |
| EBITDA | 3 | 5 | — |
| Net Worth | 12 | 7 | — |
| Reserves | 6 | 2 | — |
| Total Borrowing | 8 | 11 | — |
| Category | Sub (x) | Offered | Bid For | Amt (Cr)* |
|---|---|---|---|---|
| NII / HNI | — | 1,064,000 | — | ₹6 Cr |
| Retail (RII) | — | 1,064,000 | — | ₹6 Cr |
| Market Maker | — | 114,000 | — | ₹1 Cr |
| Total | — | 2,242,000 | — | ₹13 Cr |
* Amount calculated at upper price band (₹60) · ** Total includes all investor categories
- 1 Initiation of Refund 10 Jun 2026
- 2 Credit of Shares to Demat 10 Jun 2026
- The IPO P/E of 12x reflects a strong valuation relative to typical market ranges.
- Pre-issue EPS of ₹4 compares to post-issue EPS of ₹5 after dilution.
This IPO shows moderate investor interest. Review financial details and compare valuation with industry peers before investing.
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