Vital Chemtech IPO will open for subscription from 31 October 2022. the company aims for an issue size of ₹64.64 Cr through this IPO.
Vital Chemtech Limited
The company is engaged in the business of manufacturing and supplying Phosphorus base chemicals with the highest quality practices and claims to be compliant with the chemical industry’s highest Environmental, Health, and Safety (EHS) standards.
The company has a Programmable Logic Controller (PLC) and Supervisory Control and Data Acquisition (SCADA) operated in an integrated complex in the PCPIR region of Dahej, Gujarat for manufacturing of phosphorus base chemicals with ZLD (Zero Liquid Discharge) to ensure minimum emissions and waste generation. Its manufacturing facility, located in Dahej, Gujarat, has integrated operations and is certified with ISO 9001:2015, ISO 45001:2018, and ISO 14001:2015 from Bureau Veritas to maintain the highest quality, environmental, and safety practices.
Basic details about the company
| Full name | Vital Chemtech Limited |
| Sector | Chemicals |
| Industry | Chemicals |
| Company Website | https://www.vitalgroup.co.in/ |
Major competitive strengths
- Focus on Quality, Environment, Health, and Safety.
- Prime Location of our Manufacturing Facility.
- Long-standing relationships with a diversified customer base.
- Experienced Promoter and Management Team.
- Wide Application of Products.
Objects of the Issue
- For Working Capital Requirements.
- To meet Public Issue Expenses.
- General Corporate Purpose.
Dates to remember
| IPO Opening date | 31 October 2022 |
| IPO Closing | 03 November 2022 |
| Basis of Allotment | 09 November 2022 |
| Initiation Refund | 10 November 2022 |
| Credit to Demat Account | 11 November 2022 |
| Listing Date | 14 November 2022 |
Vital Chemtech IPO Details
| IPO Date | Oct 31, 2022 to Nov 3, 2022 |
| Face Value | ₹10 per share |
| Price | ₹95 to ₹101 per share |
| Lot Size | 1200 Shares |
| Issue Size | 6,400,000 shares of ₹10 (aggregating up to ₹64.64 Cr) |
| Fresh Issue | 6,400,000 shares of ₹10 (aggregating up to ₹64.64 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | NSE SME |
Vital Chemtech IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1200 | ₹121,200 |
| Retail (Max) | 1 | 1200 | ₹121,200 |
IPO Reservation Details
| QIB Shares Offered | 50% |
| NII (HNI) Shares Offered | 15% |
| Retail Shares Offered | 35% |
Vital Chemtech Financial Performance
| FY 2020 | FY 2021 | FY 2022 | |
| Revenue | 4,161.24 | 4,768.46 | 14,320.25 |
| EBITDA | 417.53 | 644.19 | 2,460.68 |
| Net income | 105.38 | 293.78 | 1,455.44 |
Vital Chemtech Valuations & Margins
| FY 2020 | FY 2021 | FY 2022 | |
| EPS | 0.94 | 2.62 | 12.99 |
| PE ratio | – | – | – |
| RONW (%) | 34.69 | 49.17 | 50.17 |
| NAV | – | – | 11.94 |
| EBITDA % | 10.14 | 13.59 | 17.18 |
| Debt to Equity | 3.14 | 1.68 | 2.61 |
Company Promoters
- Mr. Vipul Jatashanker Bhatt
- Mrs. Sangeeta Vipul Bhatt
Vital Chemtech IPO Promoter Holding
| Pre Issue Share Holding | 99.99% |
| Post Issue Share Holding |
Lead Manager(s)
- Beeline Capital Advisors Pvt Ltd
Vital Chemtech IPO Registrar
SKYLINE FINANCIAL SERVICES PRIVATE LIMITED
D-153 A, 1st Floor,
Okhla Industrial Area, Phase -I
New Delhi-110020
Phone: +91-11-40450193/97
Email: compliances@skylinerta.com
Website: www.skylinerta.com
Vital Chemtech Contact Details
VITAL CHEMTECH LIMITED
B-406, Mondeal Heights,
Opp. Karnavati Club, S. G. Highway,
Ahmedabad -380015, Gujarat
Phone: +917946005840
E-Mail: info@vitalgroup.co.in
Website: www.vitalgroup.co.in
Vital Chemtech IPO Allotment Status
Vital Chemtech IPO allotment will be available on Skyline Financial Services’ website.
Click on this link to get allotment status.
Final thoughts
Vital Chemtech IPO is going to hit Dalal street soon. applying for IPO is purely a personal choice. study well about the company and do subscribe if you are feeling good about the company. I hope this post will give you enough details to make a fundamental study of the company. learn well and make wise decisions.
Happy Investing
