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Vital Chemtech IPO is a book built issue of Rs 64.64 crores. The issue is entirely a fresh issue of 64 lakh shares.
Vital Chemtech IPO bidding started from October 31, 2022 and ended on November 3, 2022. The allotment for Vital Chemtech IPO was finalized on Wednesday, November 9, 2022. The shares got listed on NSE SME on November 14, 2022.
Vital Chemtech IPO price band is set at ₹95 to ₹101 per share. The minimum lot size for an application is 1200 Shares. The minimum amount of investment required by retail investors is ₹121,200. The minimum lot size investment for HNI is 2 lots (2,400 shares) amounting to ₹242,400.
Beeline Capital Advisors Pvt Ltd is the book running lead manager of the Vital Chemtech IPO, while Skyline Financial Services Private Ltd is the registrar for the issue. The market maker for Vital Chemtech IPO is Sunflower Broking.
Refer to Vital Chemtech IPO RHP for detailed information.
| IPO Date | October 31, 2022 to November 3, 2022 |
| Listing Date | November 14, 2022 |
| Face Value | ₹10 per share |
| Price Band | ₹95 to ₹101 per share |
| Lot Size | 1200 Shares |
| Total Issue Size | 6,400,000 shares (aggregating up to ₹64.64 Cr) |
| Fresh Issue | 6,400,000 shares (aggregating up to ₹64.64 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | NSE SME |
| Share holding pre issue | 17,551,500 |
| Share holding post issue | 23,951,100 |
| Market Maker portion | 320,400 shares Sunflower Broking |
Vital Chemtech IPO offers 8,218,000 shares. 3,037,600 (36.96%) to QIB, 912,000 (11.10%) to NII, 2,130,000 (25.92%) to RII 1,818,000 (22.12%) to Anchor investors.
| Investor Category | Shares Offered |
|---|---|
| Anchor Investor Shares Offered | 1,818,000 (22.12%) |
| Market Maker Shares Offered | 320,400 (3.90%) |
| QIB Shares Offered | 3,037,600 (36.96%) |
| NII (HNI) Shares Offered | 912,000 (11.10%) |
| Retail Shares Offered | 2,130,000 (25.92%) |
| Total Shares Offered | 8,218,000 (100%) |
Vital Chemtech IPO opens on October 31, 2022, and closes on November 3, 2022.
| IPO Open Date | Monday, October 31, 2022 |
| IPO Close Date | Thursday, November 3, 2022 |
| Basis of Allotment | Wednesday, November 9, 2022 |
| Initiation of Refunds | Thursday, November 10, 2022 |
| Credit of Shares to Demat | Friday, November 11, 2022 |
| Listing Date | Monday, November 14, 2022 |
| Cut-off time for UPI mandate confirmation | 5 PM on November 3, 2022 |
Investors can bid for a minimum of 1200 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1200 | ₹121,200 |
| Retail (Max) | 1 | 1200 | ₹121,200 |
| HNI (Min) | 2 | 2,400 | ₹242,400 |
| Lot Size Calculator | |||
Mr. Vipul Jatashanker Bhatt and Mrs. Sangeeta Vipul Bhatt are the company promoters.
| Share Holding Pre Issue | 99.99% |
| Share Holding Post Issue |
Incorporated in 2013, Vital Chemtech Limited is engaged in the business of manufacturing of Phosphorus Derivatives Producuts. The company is a manufacturer and supplier of Phosphorus base chemicals with the highest quality practices and compliant with the chemical industry's highest environmental, Health, and Safety (EHS).
Vital Chemtech Limited's manufacturing facilities are located at 3 Various Sites in the GIDC Area. Dahej area of PCPIR region and One is located in GIDC Area, Sanand District Ahmedabad.
The company manufactures Phosphorus Trichloride (PCl3), Phosphorus Oxychloride (POCl3), Phosphorus Pentachloride (PCl5), Phosphorus Pentoxide (P2O5), Poly Phosphoric Acid (PPA) and Phosphorus Pentasulfide (P2S5) for our customers across segments such as Lifesciences, Crop Care, Specialty Chemicals, Textile Auxiliaries, Dyes, Pigments and Plastic Additives.
Competitive Strength:
| Period Ended | Total Assets | Total Revenue | Profit After Tax | Net Worth | Reserves and Surplus | Total Borrowing |
|---|---|---|---|---|---|---|
| 31-Mar-20 | 2318.61 | 4161.24 | 105.38 | 303.75 | 0 | 953.91 |
| 31-Mar-21 | 3041.34 | 4768.46 | 293.78 | 597.52 | 0 | 1005.86 |
| 24-Nov-21 | 6408.9 | 8604.27 | 784.5 | 672.06 | 0 | 1636.22 |
| 31-Mar-22 | 8093.71 | 5786.96 | 670.94 | 1337.32 | 670.94 | 3500.09 |
| 30-Apr-22 | 8991.92 | 1080.07 | 135.18 | 1472.5 | 806.12 | 3418.84 |
| Amount in ₹ Lakhs | ||||||
The market capitalization of Vital Chemtech IPO is Rs 241.91 Cr.
| Pre IPO | Post IPO | |
|---|---|---|
| P/E (x) | 14.94 |
The Issue Proceeds from the Fresh Issue will be utilized towards the following objects:
1. To Meet Working Capital Requirements
2. General Corporate Purpose
3. To meet Public Issue Expenses
[Dilip Davda] VCL has started reaping the benefits of capacity expansions and is poised for bright prospects going forward. Recent financial results are indicative of the likely trends. Based on its financial data, the issue appears reasonably priced. Investors may consider an investment with a medium to long-term perspective. Read detail review...
The Vital Chemtech IPO is subscribed 79.33 times on November 3, 2022 7:00:00 PM. The public issue subscribed 116.98 times in the retail category, 15.48 times in the QIB category, and 204.05 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) |
|---|---|
| QIB | 15.48 |
| NII | 204.05 |
| Retail | 116.98 |
| Total | 79.33 |
| Listing Date | November 14, 2022 |
| BSE Script Code | |
| NSE Symbol | VITAL |
| ISIN | INE0L4K01016 |
| Final Issue Price | ₹101 per share |
| Price Details |
|---|
| Final Issue Price |
| Open |
| Low |
| High |
| Last Trade |
| NSE SME |
|---|
| ₹101.00 |
| ₹164.00 |
| ₹155.80 |
| ₹170.00 |
| ₹163.10 |
Vital Chemtech Limited
B-406, Mondeal Heights,
Opp. Karnavati Club,
S. G. Highway, Ahmedabad-380015
Phone: +91 79 4600 5840
Email: info@vitalgroup.co.in
Website: https://www.vitalgroup.co.in/
Skyline Financial Services Private Ltd
Phone: 02228511022
Email: grievances@skylinerta.com
Website: https://www.skylinerta.com/ipo.php
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Vital Chemtech IPO is a SME IPO of 6,400,000 equity shares of the face value of ₹10 aggregating up to ₹64.64 Crores. The issue is priced at ₹95 to ₹101 per share. The minimum order quantity is 1200 Shares.
The IPO opens on October 31, 2022, and closes on November 3, 2022.
Skyline Financial Services Private Ltd is the registrar for the IPO. The shares are proposed to be listed on NSE SME.
Zerodha customers can apply online in Vital Chemtech IPO using UPI as a payment gateway. Zerodha customers can apply in Vital Chemtech IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Vital Chemtech IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Vital Chemtech IPO opens on October 31, 2022 and closes on November 3, 2022.
Vital Chemtech IPO lot size is 1200 Shares, and the minimum amount required is ₹121,200.
You can apply in Vital Chemtech IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.
The finalization of Basis of Allotment for Vital Chemtech IPO will be done on Wednesday, November 9, 2022, and the allotted shares will be credited to your demat account by Friday, November 11, 2022. Check the Vital Chemtech IPO allotment status.
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