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:
- Experienced Promoter and Management Team.
- Prime Location of our Manufacturing Facility.
- Long-standing relationships with a diversified customer base.
- Focus on Quality, Environment, Health and Safety.
- Wide Application of Products.
Company Financials
| 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 |
Objects of the Issue
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
Vital Chemtech IPO Details
| IPO Date | Oct 31, 2022 to Nov 3, 2022 |
| Listing Date | [.] |
| 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 |
| 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 |
| Company Promoters | Mr. Vipul Jatashanker Bhatt and Mrs. Sangeeta Vipul Bhatt are the company promoters. |
| Pre Issue Capital | 17551500 |
| Post Issue Capital | 23951500 |
Vital Chemtech IPO Tentative Timetable
Vital Chemtech IPO opens on Oct 31, 2022, and closes on Nov 3, 2022. The Vital Chemtech IPO bid date is from Oct 31, 2022 10.00 A.M. to Nov 3, 2022 5.00 P.M. The Cut-off time for UPI Mandate confirmation is 5 PM on the issue closing day.
| Event | Tentative Date |
|---|---|
| Opening Date | Oct 31, 2022 |
| Closing Date | Nov 3, 2022 |
| Basis of Allotment | Nov 9, 2022 |
| Initiation of Refunds | Nov 10, 2022 |
| Credit of Shares to Demat | Nov 11, 2022 |
| Listing Date | Nov 14, 2022 |
Vital Chemtech IPO Lot Size
The Vital Chemtech IPO lot size is 1200 shares. A retail-individual investor can apply for up to 1 lots (1200 shares or ₹121,200).
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1200 | ₹121,200 |
| Retail (Max) | 1 | 1200 | ₹121,200 |
Vital Chemtech IPO Promoter Holding
| Pre Issue Share Holding | 99.99% |
| Post Issue Share Holding |
Vital Chemtech IPO Review
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…
Vital Chemtech IPO Subscription Status (Bidding Detail)
The Vital Chemtech IPO is subscribed 79.33 times on Nov 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 |
Vital Chemtech IPO Prospectus
Company Contact Information
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/
Vital Chemtech IPO Registrar
Skyline Financial Services Private Ltd
Phone: 02228511022
Email: grievances@skylinerta.com
Website: https://www.skylinerta.com/