Vahh Chemicals Ltd IPO

Vahh Chemicals Limited is an ISO 9001:2015 certified company engaged in the business of manufacturing, trading, supplying, and blending textile auxiliary chemicals primarily used in the textile processing industry. The company primarily serves dyeing and printing houses by offering chemical solutions for various stages of textile processing, such as pre-treatment, dyeing, printing, and finishing. As of September 30, 2025, the company had a portfolio of 92 SKUs in its chemical division, catering to textile substrates including cotton, polyester, silk, and synthetic blends. The company also develops customised formulations that provide functional properties such as water repellence, flame resistance, anti-microbial finishes, UV absorbers, and wrinkle-free resins. Its operations are primarily conducted on a business-to-business (B2B) basis through its manufacturing facility located in Surat, Gujarat. The company operates through three business segments: trading in textile chemicals; blending of customised chemical formulations; and nutraceutical products through its subsidiary, HSHS Nutraceuticals Limited, under the “Divine Nutrition” brand. The company transitioned into a corporate structure in 2019 and expanded its operations through the acquisition of proprietary businesses in 2024. Use of proceeds: This is a fresh issue of shares. Therefore, the net proceeds from the fresh issue will go to the company. They will be utilised for the following purposes: Funding incremental working capital requirements of the company — Rs 5.84 crore Setting up a new manufacturing facility at Surat, Gujarat — Rs 1.84 crore Repayment of loan availed by the company — Rs 1.79 crore General corporate purposes ;