Vadivarhe Speciality Chemicals IPO


Vadivarhe Speciality Chemicals IPO

Vadivarhe Speciality Chemicals IPO

Vadivarhe Speciality Chemicals is a globally active, Indian chemical producer, focused on organic chemicals and custom synthesis and primarily engaged in manufacturing of Speciality chemicals, Active Pharmaceutical ingredients, intermediate and personal care ingredients. The Company is also ISO 9001:2015 certified company by Quality Systems Zurich. The company has also received WHO- GMP Certificate for our Manufacturing, Marketing & Supply of Active Pharma Ingredients i.e. API’s and internediates. The manufacturing facility is located at Vadivarhe, Nashik which is about 20 Km from Nashik towards Mumbai and around 150 Km from Mumbai.

Over the years, it has established itself as a successful Manufacturer of Organic Chemicals with a core focus on Intermediates, Personal Care Products and Speciality Chemicals. The company has entered into an agreement with Enaltec Labs Pvt Ltd dated December 03, 2012 to manufacture API products for them for a period of 10 years based on the material and specification provided by them. Under the agreement, Vadivarhe Speciality Chemicals has provided working capital subject to a maximum of Rs. 4.00 crore for facilitating the manufacture of products of Enaltec Labs Pvt. Ltd. As per the terms of the agreement, Vadivarhe Speciality Chemicals will also not manufacture or market the products manufactured by Enaltec Labs Pvt. Ltd. during the continuance of the agreement. The company has also entered into an agreement with Zenvision Pharma LLP for offering its manufacturing facility on Loan and License basis. Purrsuant to the agreement, the Company has given a security deposit to Zenvision Pharma LLP of Rs. 2,50,00,000 (Rupees Two crore fifty lacs only) during the financial year 2016-17.

Some of its major clients are Glaxo Smithkline Pharmaceuticals Ltd, Fine Organics Ltd UK, Chem-Impex International INC, D C Fine Chemicals, USV Ltd, Lupin Ltd, Mankind Pharma Limited, Himedia Laboratories Pvt. Ltd., Hetero Labs Ltd & many others in the Domestic and International sector.

Promoters of Vadivarhe Speciality Chemicals – Sunil Haripant Pophale

Vadivarhe Speciality Chemicals IPO details

Subscription Dates 22 – 25 May 2017
IPO Price band INR42 per share
Fresh issue 3,444,000 shares (INR14.46 crore)
Offer for sale Nil
Total IPO size 3,444,000 shares (INR14.46 crore)
Minimum bid (lot size) 3,000 shares
Face Value  INR10 per share
Retail Allocation 50%
Listing On NSE Emerge platform


Vadivarhe Speciality Chemicals’ financial performance (in INR crore)

FY2013 FY2014 FY2015 FY2016 FY2017
Total revenue 13.21 13.98 19.13 26.42 35.37
Total expenses 18.20 13.85 13.49 21.13 26.61
Profit after tax -3.39 0.07 3.97 3.38 5.79

Subscription (no. of times)

Day 1 0.80
Day 2  1.20
Day 3 3.50
Day 4 40.69

Vadivarhe Speciality Chemicals Limited
1st Floor, K. K. Chambers, Sir P.T. Road, Fort,
Mumbai, Maharashtra – 400 001

Phone: +91 2553 282200
Email: [email protected]

Earnings Per Share (EPS): INR4,79

Price/Earnings (P/E) ratio: 8.77

Return on Net Worth (RONW): 24.43%

Net Asset Value (NAV): INR19.59 per share

Bigshare Services Private Limited 
E2, Ansa Industrial Estate, Sakivihar Road,
Sakinaka, Andheri (E),
Mumbai – 400 072

Phone: +91 22 4043 0200 
+91 22 2847 5201
[email protected]

Vadivarhe Speciality Chemicals IPO allotment status is now available on Bigshare Services Private Limited website. Click on this link to get allotment status.

IPO Opening Date: 22 May 2017

IPO Closing Date: 25 May 2017

Listing Date: 2 June 2017

Listing Price on NSE SME: INR50.4 per share (up 20% from IPO price)

Closing Price on NSE SME: INR50.4 per share (up 20% from IPO price)



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