Vital Chemtech IPO Detail

Vital Chemtech IPO opens on October 31 and closes on November 3, 2022. According to the DRHP filed by the company with SEBI, they are planning to issue 64,00,000 shares of Rs 10 each, aggregate up to Rs 64.64 crore through this public issue.

Incorporated in 2013, the company is engaged in the business of manufacturing phosphorus derivatives. The company is a manufacturer and supplier of phosphorus-base chemicals with the highest quality practises and compliance with the chemical industry’s highest environmental, health, and safety (EHS) standards.
The company has a state-of the 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, and this has been certified with ISO 9001:2015, ISO 45001:2018, and ISO 14001:2015 from Bureau Veritas to maintain the highest quality, environmental, and safety practices.
The company currently produces Phosphorus Trichloride (PCl3), Phosphorus Oxychloride (POCl3), Phosphorus Pentachloride (PCl5), Phosphorus Pentoxide (P2O5), Polyphosphoric Acid (PPA), and Phosphorus Pentasulfide (P2S5) for its clients in segments like Lifesciences, Crop Care, Specialty Chemicals, Textile Auxiliaries, Dyes Additionally, the business trades raw commodities.

The company proposes to utilize the Net Proceeds of the Fresh Issue towards funding the following objects:

1. To meet the working Capital Requirements
2. General corporate purposes
3. To meet Public Issue Expenses

Financial Highlights

Particulars	FY 2021-22	FY 2020-21	FY 2019-20
Share Capital	672.06	597.52	303.75
Net worth	1337.32	597.52	303.75
Total Revenue	5,761.46	4,739.65	4,115.98
Profit After Tax (PAT)	670.94	293.78	105.38
EPS (Basic and Diluted) Post Bonus in Rs	5.99	2.62	0.94
Net Assets Value Per Equity Shares (In Rs)
NAV Pre Bonus	19.90	8.89	4.52
NAV Post Bonus	11.94	5.33	2.71
Total Borrowing (As per Balance sheet)	3,500.09	1005.86	953.91

Vital Chemtech IPO – Details

According to the DRHP filed by the company with SEBI, they are planning to issue 64,00,000 shares of Rs 10 each, aggregate up to Rs 64.64 crore through this public issue.

Issue Type	Book Built Issue IPO
IPO Price	Rs 95 to Rs 101 per share
Face Value	Rs 10 per share
Market Lot	1200 shares
Issue Size	64,00,000 shares of Rs 10 (Aggregating up to Rs 64.64 crore)
Fresh Issue	64,00,000 shares of Rs 10 (Aggregating up to Rs 64.64 crore)
QIB Shares Offered	Not more than 50% of the offer
NII (HNI) Shares Offered	Not less than 15% of the Net offer
Retail Shares Offered	Not less than 35% of the offer
Listing At	NSE SME
Promoters	Mr. Vipul Jatashankar Bhatt

Tentative Dates for Vital Chemtech IPO

IPO opens on	Oct 31, 2022
IPO closes on	Nov 3, 2022
Basis of Allotment publication date	Nov 9, 2022
Initiation of Refund	Nov 10, 2022
Credit of shares to Demat Account	Nov 11, 2022
IPO listing	Nov 14, 2022

Vital Chemtech IPO – Lot Size

Applications	Lots	Shares	Amount
Retail (Min)	1	1200	Rs 1,21,200
Retail (Max)	1	1200	Rs 1,21,200

Vital Chemtech IPO: Promoter Holding

Pre issue share holding	99.99%
Post issue share holding	–

Vital Chemtech IPO – SWOT Analysis

STRENGHTH

1. Experienced Promoter and Management Team
2. Prime Location of company Manufacturing Facility
3. Long-standing relationships with a diversified customer base.
4. Wide application of products.

WEAKNESS

1. The Company is dependent on few numbers of customers for sales. Loss of any of these large customers may affect its revenues and profitability.
2. The Company is dependent on few numbers of suppliers for purchase of product. Loss of any of this large supplier may affect its business operations.
3. Environment, Health and Safety Hazzard

Also read: Integrated Personnel Services IPO Detail

OPPORTUNITY

1. New Customer base
2. New Products
3. Export Potential

THREATS

1. Significant disruptions of information technology systems or breaches of data security could adversely affect company business.
2. High Capital Intensive Industry.
3. New Competitor
4. Changes in government policies

Miscellaneous Information

Download Prospectus (PDF)	IPO DRHP IPO RHP
Company Contact Information	B-406, Mondeal Heights, Opp. Karnavati Club, S. G. Highway, Ahmedabad-380015, Gujarat. Tel No: +91 79 4600 5840 Email Id: [email protected] Website: http://www.vitalgroup.co.in/
IPO Registrar	SKYLINE FINANCIAL SERVICES PRIVATE LIMITED Address: D-153A, 1st Floor, Okhla Industrial Area PhaseI, New Delhi – 110020, India. Tel. Number: 011-40450193-197 Investors Grievance Id: [email protected] Website: www.skylinerta.com
IPO Lead Manager(s)	BEELINE CAPITAL ADVISORS PRIVATE LIMITED

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