- Date : 20/10/2022
- Read: 2 mins
Details of Vital Chemtech IPO
The chemical manufacturing company, Vital Chemtech, is launching its IPO at the end of October 2022. The IPO is intended to raise funds for the company’s working capital needs, paying off the expenses incurred in the IPO and also for other corporate financial needs.
As the IPO is around the corner, here’s a look at the company and its financial performance.
About Vital Chemtech
Vital Chemtech was incorporated in the year 2013 and is engaged in the business of manufacturing phosphorous-based chemicals and derivatives. The manufacturing activity adheres to the highest quality practices and meets the standards of Environmental, Health and Safety (EHS), the highest quality standard of the chemical manufacturing industry.
Some of the aspects of the company are as follows –
- The company ensures Zero Liquid Discharge in manufacturing phosphorous derivates to reduce wastage and harmful emissions.
- The company uses SCADA (Supervisory Control and Data Acquisition) and PLC (Programmable Logic Controller) techniques for effective manufacturing.
- The manufacturing unit in Dahej, Gujarat, enjoys three ISO certifications granted by Bureau Veritas - ISO 45001:2018, ISO 9001:2015, and ISO 14001:2015
- Some of the manufactured products include Phosphorous Trichloride and Pentachloride, Phosphorous Oxychloride, Poly Phosphoric Acid, etc.
Financial performance of Vital Chemtech
Over the last three years, the company has shown consistent growth. The financial year 2022 proved to be a very good year for Vital Chemtech as it posted exponential and triple-digit growth in its revenue, net income and EBITDA (Earnings Before Interest, Depreciation, and Amortization).
Here’s a look at the company’s financial performance over the last three years (rounded off to the nearest lakh)–
Vital Chemtech IPO details
Here are the IPO details of Vital Chemtech that you need to know –
Related - Find out how an IPO is valued
To invest in the IPO, you can apply through your stock broker or through your bank through the ASBA application.
Know the details of the company to assess whether the IPO is a good investment opportunity or not and then invest.
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