Vital Chemtech IPO – Review, Bid, Size, Allotment, Subscription, GMP & RHP
Last Updated Date: Nov 16, 2022Let’s have a detailed review of the company and analytics of the Vital Chemtech IPO release date, IPO offer price, subscription, Vital Chemtech Limited IPO allotment, grey market price, and other details like the company’s background, its financial positions, its promoters, and other related things.
| Face Value | Rs 10 |
| Price Band | Rs 95 to Rs 101 |
| Listing At | NSE EMERGE |
| Min. Order Quantity | 1200 Shares |
| Listing Date | Nov 14, 2022 |
| Offer for Sale | Rs Lakh |
| Fresh Issue | Rs 6,464 Lakh |
| IPO Size | Rs 6,464 Lakh |
| Tick Size | 1 |
Vital Chemtech IPO is listed at a [●] premium. Check out the live share price by clicking on the below link.
Vital Chemtech IPO – Summary
Their Company was originally incorporated as a private limited company on November 11, 2013, as ‘Rudra Chemtech Private Limited, under the provisions of the Companies Act, 1956.
Subsequently, their Company was converted to a Limited Liability Partnership Firm as ‘Rudra Chemtech Limited Liability Partnership’ having duly passed the necessary resolution in terms of Rule 20(1) of the LLP Rules, 2009 on February 12, 2015, under the LLP Act, 2008.
Thereafter, on February 20, 2015, the name was changed to ‘Vital Chemtech Limited Liability Partnership’ pursuant to Rule 20(3) of the LLP Rules, 2009.
The Promoter of this company is MR. VIPUL JATASHANKER BHATT AND MRS. SANGEETA VIPUL BHATT. The lead manager to the issue is BEELINE CAPITAL ADVISORS PRIVATE LIMITED, and the Registrar to this issue is SKYLINE FINANCIAL SERVICES PRIVATE LIMITED.
Vital Chemtech IPO Date
The opening and closing dates of Vital Chemtech IPO are Oct 31, 2022, and Nov 3, 2022, respectively.
Vital Chemtech IPO Subscription
| Day / Date | QIB | NII | RII | Total Subscription |
| 1st Day – 31st Oct | 1.40x | 1.30x | 6.48x | 3.17x |
| 2nd Day – 1st Nov | 1.74x | 6.39x | 27.40x | 11.43x |
| 3rd Day – 2nd Nov | 3.26x | 39.10x | 62.76x | 29.48x |
| 4th Day – 3rd Nov | 15.48x | 204.05x | 116.98x | 79.33x |
| Shares Offered or Net Issue | 3,037,600 | 912,000 | 2,130,000 | 6,079,600 |
The shares subscribed by the public will be updated here.
Vital Chemtech IPO Allotment Status
Here, you can find the Allotment Status of this IPO.
Allotment of Equity Shares pursuant to the Fresh Issue and transfer of the Offered Shares of the Promoter Selling Shareholders pursuant to the Offer for Sale to the successful Bidders. However, the Allotment Status is not yet disclosed.
Vital Chemtech Limited IPO Listing Date
Find the dates below on basis of allotment, refund, listing, and more:
| Basis of Allotment Finalization | Nov 9, 2022 |
| Refunds Initiation | Nov 10, 2022 |
| Credit of Shares to Demat Account | Nov 11, 2022 |
| Share Listing Date | Nov 14, 2022 |
Vital Chemtech IPO Price Band
The face value of each share is Rs.10, but the price band of the IPO is Rs 95 to Rs 101.
Vital Chemtech IPO Equity Size
This Initial Public Issue of 6400000 Equity Shares of Rs.10 each for cash at a price of Rs 95 to Rs 101 per equity share aggregating to Rs.6,464 Lakh.
Vital Chemtech IPO Share Offering
Fresh Issue: The Issue (excluding the Market Maker Reservation Portion) of 6400000 Equity Shares of Rs.10/ each.
Issue Size: 6400000 Equity Shares of Rs.10 each, aggregating to Rs.6,464 Lakh
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Vital Chemtech IPO – Live Performance
The listing date of this IPO is Nov 14, 2022. You can check the live performance of the IPO here, only after it is listed on exchanges.
| Live IPO Performance – Vital Chemtech Share Price |
Vital Chemtech IPO Grey Market Premium
The Vital Chemtech Limited IPO Grey Market Premium price is Rs X, the Kostak rate is Rs X and the Subject to Sauda is X.
Vital Chemtech IPO – Company Overview
Their Company is engaged in the business of manufacturing Phosphorus Derivatives Products. Their Company is a manufacturer and supplier of Phosphorus base chemicals with the highest quality practice and compliant with the Highest Environmental, Health, and Safety (EHS) in the chemical industry.
The company has State of an Art Programmable Logic Controller (PLC) and Supervisory Control and Data Acquisition (SCADA) operated in an integrated complex in the PCPIR region of Dahej, Gujarat, India for the manufacturing of phosphorus base chemicals.
The manufacturing facility of their company is having integrated manufacturing facility for the manufacturing of phosphorus base chemicals.
Their Company has robust growth and improvement in the top line and bottom line on the restated financial statement. They have approximately half a decade of track record in manufacturing phosphorous-based speciality chemicals.
Vital Chemtech IPO – Financial Statements
A quick look into the past financial performance of the company to understand its performance of the business and evaluate the growth prospectus:
Financial Summary:
| Amount (in INR & Lakh) | ||||
| 30-Apr-22 | 31-Mar-22 | Mar-21 | 31-Mar-20 | |
| Total Assets | 8,991.92 | 8,093.71 | 3,041.34 | 2,318.61 |
| *Total Revenue | 1,080.07 | 5,786.96 | 4,768.46 | 4,161.24 |
| Total Expense | 904.52 | 4,708.97 | 4,297.67 | 3,926.72 |
| Profit After Tax | 135.18 | 670.94 | 293.78 | 105.38 |
Earnings per Equity Share (in Lakh)
| 30-Apr-22 | 31-Mar-22 | Mar-21 | 31-Mar-20 | |
| Basic & Diluted | 0.80 | 3.99 | 1.75 | 0.63 |
Further, their PAT for the period ended on Apr 30, 2022, March 31, 2022, March 31, 2021, and March 31, 2020, were Rs. 135.18 Lakh, Rs. 670.94 Lakh, Rs. 293.78 Lakh and Rs. 105.38 Lakh respectively.
Vital Chemtech IPO – Promoters
The Promoter of this company is:
- MR. VIPUL JATASHANKER BHATT
- MRS. SANGEETA VIPUL BHATT
List of Related Parties (Key Managerial Personnel)
- Vipul Jatashanker Bhatt, Chairman and Managing Director
- Jay Vipul Bhatt, Whole Time Director
- Sangeeta Vipul Bhatt, Whole Time Director
- Deepakkumar Kushalchandra Chaubisa, Independent Director
- Hetalkumar Jayantilal Shah, Independent Director
Vital Chemtech IPO – Promoters Holding
- Pre-Issue Share Holding – 99.99%
- Post Issue Share Holding – %
Vital Chemtech IPO Offer Details or Issue Details
| Particulars | No. Of Equity Shares |
| Equity Shares Offered | Up to 6400000 Equity Shares aggregating up to Rs.6,464 Lakh |
| of which: | |
| Issue Reserved for the Market Makers | Up to 320400 Equity Shares aggregating up to Rs.[●] Lakh |
| Net Issue to the Public | Up to 6,079,600 Equity Shares aggregating up to Rs.[●] Lakh |
| Of which: | |
| Retail Investors Portion | Not less than 2130000 Equity Shares |
| Other than Retail Individual Investors | Not more than 912000 Equity Shares |
| Equity Shares outstanding prior to the Issue | 17551500 Equity Shares |
| Equity Shares outstanding after the Issue | 23,951,500 Equity Shares |
Vital Chemtech IPO Issue Object
Their Company proposes to utilize the Net Proceeds towards funding the following objects:
1. To Meet Working Capital Requirements
2. General Corporate Purpose
3. To meet Public Issue Expenses
Vital Chemtech IPO – Business Strategy
- Continue improving financial performance through a focus on operational and functional efficiencies
- Increase in Installed Capacity on year on year basis
- Leveraging their market skills, relationship and leadership position in Phosphorus Derivatives
- Increase wallet share with existing customers and continued focus to expand customer base
Vital Chemtech IPO – Basis of Offer Price
The issue price is determined by the company in consultation with the Lead manager on the basis of the following qualitative and quantitative factors.
Qualitative factors are:
- Experienced Promoters and Management Team
- Prime Location of their Manufacturing Facility
- Diversified product portfolio
- Long-standing relationships with a diversified customer base
- Consistent financial performance
- Wide Application of Products
The relevant quantitative factors are:
| Basic & Diluted EPS | RONW (%) | NAV (Rs.) | |
| 31-Mar-22 | 3.99 | 50.17 | 7.96 |
| 31-Mar-21 | 1.75 | 49.17 | – |
| Mar-20 | 0.63 | 34.69 | – |
Vital Chemtech IPO: Competitive Peers
| Face Value (Rs.) | P/E | EPS (Rs.) | Return on Net Worth (%) | Total Income (Rs. in Lakhs) | |
| Vital Chemtech Limited | 10 | [●] | 8.66 | 50.17 | 14,320.25 |
| Listed Peers | |||||
| Neogen Chemicals Limited | 10 | 72.61 | 18.74 | 10.18 | 48,725.00 |
Vital Chemtech IPO Lead Managers
| Lead Managers |
| BEELINE CAPITAL ADVISORS PRIVATE LIMITED SEBI Registration Number: INM000012917 Address: 807, Phoenix, Opp. Girish Cold Drinks, Near Vijay Cross Roads, Navrangpura, Ahmedabad -380009, Gujarat. Telephone Number: 079 4840 5357 Email Id: mb@beelinemb.com Investors Grievance Id: ig@beelinemb.com Website: www.beelinemb.com Contact Person: Mr. Nikhil Shah CIN: U67190GJ2020PTC114322 |
Vital Chemtech IPO Registrar to offer
| Registrar to the Offer |
| SKYLINE FINANCIAL SERVICES PRIVATE LIMITED SEBI Registration Number: INR000003241 Address: D-153A, 1st Floor, Okhla Industrial Area Phase-I, New Delhi – 110020, India. Tel. Number: 011-40450193-197 Fax- 011-26812683 Email Id: compliences@skylinerta.com Investors Grievance Id: grievances@skylinerta.com Website: www.skylinerta.com Contact Person: Mr. Alok Gautam CIN: U74899DL1995PTC071324 |
Vital Chemtech IPO – Other Details
- Statutory Auditor – M/s. Abhishek Kumar & Associates Chartered Accountants
- Legal Counsel to the Company – ANA ADVISORS
- Bankers to the Company – AXIS BANK LIMITED
Vital Chemtech IPO Review by Stock Brokers
| Top Stock Brokers Review | Company Reputation | Competitive Edge | Financial Statement | Popularity Index | Promoters Reputation |
| Angel Broking | 7.5/10 | 7.4/10 | 8.5/10 | 8.1/10 | 7.1/10 |
| Sharekhan | 7.2/10 | 7.1/10 | 8.6/10 | 8.1/10 | 7.2/10 |
| Kotak Securities | 7.3/10 | 7.5/10 | 8.4/10 | 8.1/10 | 7.3/10 |
| ICICI Direct | 7.3/10 | 7.3/10 | 8.7/10 | 8.1/10 | 7.1/10 |
| IIFL | 7.5/10 | 7.2/10 | 8.8/10 | 8.0/10 | 7.1/10 |
| Edelweiss | 7.5/10 | 7.4/10 | 8.4/10 | 8.3/10 | 7.2/10 |
| Zerodha | 7.4/10 | 7.1/10 | 8.5/10 | 8.1/10 | 7.0/10 |
| 5Paisa | 7.1/10 | 7.1/10 | 8.4/10 | 8.1/10 | 7.1/10 |
| Karvy | 7.4/10 | 7.3/10 | 8.2/10 | 8.1/10 | 7.1/10 |
| Motilal Oswal | 7.1/10 | 7.1/10 | 8.6/10 | 8.3/10 | 7.2/10 |
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Vital Chemtech Limited IPO News
News 1 – IPO DRHP Download
News 2 – IPO RHP Prospectus Download
Vital Chemtech IPO Review FAQs
Check out various FAQs related to Vital Chemtech IPO:
What is the Issue Size of Vital Chemtech IPO?
The Company is making an initial public offer of 6400000 equity shares. They vividly portray the aspects of the issue in this article. You can check the stats on the fresh issue, Offer for sale, and net issue.
What is the Price band of Vital Chemtech IPO?
The price band for this particular IPO ranges between Rs 95 to Rs 101. As far as the face value of the share is of concern, it is Rs.10 per share.
What is the Vital Chemtech IPO Open Date?
The opening and closing dates for this IPO have been updated. The IPO is set to open on Oct 31, 2022, while the closing date is set at Nov 3, 2022.
What is the Vital Chemtech IPO Allotment Date?
They also have the news regarding the respective allotment dates of this IPO. Basis of Allotment finalization is on Nov 9, 2022, refund initiation is on Nov 10, 2022, credit of shares is on Nov 11, 2022, and share listing date is on Nov 14, 2022.
What is the Vital Chemtech IPO Listing Date?
Shares of this company shall be listed in the exchanges on Nov 14, 2022. The date, when the listing would be done, is stagnant on Nov 14, 2022.
Who is the Registrar of Vital Chemtech IPO?
One of the reputed registrars is managing the issue of this IPO, i.e. SKYLINE FINANCIAL SERVICES PRIVATE LIMITED. Their website will help you regarding the further information you are on the lookout for.
Who is the Promoter of Vital Chemtech IPO?
Here are the promoters of this IPO – MR. VIPUL JATASHANKER BHATT AND MRS. SANGEETA VIPUL BHATT. You can refer to the RHP for further information on the promoter. You will find the link to RHP in the article.
What is GMP of Vital Chemtech?
They have obtained the GMP of this IPO and it is NA. Further insights of the Kostak rate and subject to sauda or SS are as well included in this report.
Is Vital Chemtech good for Investment?
They have further provided the financial status of the company in this article, from the past few years. You can refer to the same, and also check the line of operations they are into and then decide to invest in the IPO.
What is the PAT of Vital Chemtech Company?
They have the information of company financials, and according to that, they have the figures from the last few years to provide. PAT for the financial year 2022 in Lakh is 670.94, 2021 is 293.78, 2020 is 105.38. PAT from Apr 2022 is 135.18.
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