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Vital Chemtech IPO Detail

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

ParticularsFY 2021-22FY 2020-21FY 2019-20
Share Capital672.06597.52303.75
Net worth1337.32597.52303.75
Total Revenue5,761.464,739.654,115.98
Profit After Tax (PAT)670.94293.78105.38
EPS (Basic and Diluted) Post Bonus in Rs5.992.620.94
Net Assets Value Per Equity Shares (In Rs)   
NAV Pre Bonus19.908.894.52
NAV Post Bonus11.945.332.71
Total Borrowing (As per Balance sheet)3,500.091005.86953.91
(Rs in Lakhs)

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 TypeBook Built Issue IPO
IPO PriceRs 95 to Rs 101 per share
Face ValueRs 10 per share
Market Lot1200 shares
Issue Size64,00,000 shares of Rs 10 (Aggregating up to Rs 64.64 crore)
Fresh Issue64,00,000 shares of Rs 10 (Aggregating up to Rs 64.64 crore)
QIB Shares OfferedNot more than 50% of the offer
NII (HNI) Shares OfferedNot less than 15% of the Net offer
Retail Shares OfferedNot less than 35% of the offer
Listing AtNSE SME
PromotersMr. Vipul Jatashankar Bhatt

Tentative Dates for Vital Chemtech IPO

IPO opens onOct 31, 2022
IPO closes onNov 3, 2022
Basis of Allotment publication dateNov 9, 2022
Initiation of RefundNov 10, 2022
Credit of shares to Demat AccountNov 11, 2022
IPO listingNov 14, 2022

Vital Chemtech IPO – Lot Size

ApplicationsLotsSharesAmount
Retail (Min)11200Rs 1,21,200
Retail (Max)11200Rs 1,21,200

Vital Chemtech IPO: Promoter Holding

Pre issue share holding99.99%
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 InformationB-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 RegistrarSKYLINE 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

FAQ’s

The lot of Vital Chemtech IPO is 1200 shares.

November 9, 2022 is the date of allotment of Vital Chemtech IPO.

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