Vahh Chemicals Ltd - IPO

Vahh Chemicals Ltd IPO Details

Initial public issue of 22,42,000 equity shares of face value of Rs. 10/- each of the company for cash at a price of Rs. 53/- per equity share (including a share premium of Rs. 43/- per equity share) aggregating upto Rs. 11.88 crores (the issue), out of which 1,14,000 equity shares of face value of Rs. 10/- each aggregating to Rs. 0.60 crores will be reserved for subscription by the market maker to the issue (the market maker reservation portion). The issue less market maker reservation portion i.e. issue of 21,28,000 equity shares of face value of Rs. 10/- each, at an issue price of Rs. 53/- per equity share for cash, aggregating to Rs.1127.84 crores is hereinafter referred to as the net issue. The public issue and net issue will constitute 26.99% and 25.62% respectively of the post-issue paid-up equity share capital of the company.The face value of the equity share is Rs. 10/- and the issue price is 5.3 times of the face value.

Objective of issue

Funding incremental working capital requirements of the Company. Setting up a new manufacturing facility at Surat Gujarat (Proposed facility). Repayment of loan availed by its Company. General corporate purposes.

Vahh Chemicals Ltd Contact Details

Vahh Chemicals Ltd, Karvy Selenium Tow-B, 31&32 Financial Dist, Nanakramguda, Hyderabad-500032

Phone - 91-40-67162222

Fax - 91-40-23001153/23420814

Email - info@vahhchemicals.com

Website - www.vahhchemicals.com