Vahh Chemicals IPO Day 2: GMP ₹14
Welcome back to our daily deep dive into the Vahh Chemicals SME IPO! As we enter the second day of its subscription period, which runs from June 4th to June 8th, 2026, we’re seeing a quiet start. The company, looking to list on the BSE SME platform, has set its issue price at ₹60 per share. While it’s still early days, the lack of immediate subscription numbers across all categories is something we’ll be closely watching. Let’s break down what the numbers, or lack thereof, and the Grey Market Premium (GMP) are telling us.
| Date | GMP | Est. Listing |
|---|---|---|
| 06 Jun | +₹5 | ₹65 |
| 05 Jun | +₹5 | ₹65 |
| 04 Jun | +₹14 | ₹74 |
| 03 Jun | +₹14 | ₹74 |
| 02 Jun | +₹8 | ₹68 |
Subscription Status
As of the end of Day 2, the subscription figures for Vahh Chemicals IPO stand at 0x for Retail, 0x for Non-Institutional Investors (NII), 0x for Qualified Institutional Buyers (QIB), and a total of 0x. This is quite telling. For a company launching its IPO, seeing no subscriptions even by the second day can be interpreted in a few ways. It could mean that potential investors are adopting a wait-and-watch approach, perhaps holding out for more data or a clearer market sentiment. Alternatively, it might indicate a lack of initial buzz, which could be a concern for some. Typically, by Day 2, we’d expect at least some tentative interest to manifest, especially from retail investors who often jump in early. The absence of QIB and NII interest at this stage suggests they are also taking their time to evaluate the offer thoroughly. The lot size for this IPO is 2000 shares, so any application would involve a minimum investment based on that.
| Category | Subscription | Progress |
|---|---|---|
| Retail | 100.17x | |
| NII / HNI | 0.00x | |
| QIB | 0.00x | |
| Total | 87.21x |
| Date | Retail | NII | QIB | Total |
|---|---|---|---|---|
| 08 Jun | 100.17x | 0.00x | 0.00x | 87.21x |
| 05 Jun | 8.67x | 0.00x | 0.00x | 6.52x |
| 04 Jun | 1.30x | 0.00x | 0.00x | 1.32x |
GMP Update
Now, let’s talk about the Grey Market Premium (GMP). The current GMP for Vahh Chemicals IPO is ₹14. Interestingly, this is unchanged from yesterday’s GMP of ₹14. This stability, while not a decline, also doesn’t signal a surge in demand. A GMP of ₹14 on an issue price of ₹60 suggests an expected listing price of ₹74 (₹60 + ₹14). This indicates a potential listing gain of around 23.3%, which isn’t bad. However, the lack of upward movement in the GMP on Day 2, coupled with the zero subscription numbers, might suggest that the market is still assessing the true demand for this issue. It’s encouraging that the GMP hasn’t fallen, but a sustained rise would be more reassuring for prospective investors.
Should You Apply?
So, the big question: should you apply for the Vahh Chemicals IPO? Based on the data we have so far, it’s a mixed bag. The GMP indicates a healthy potential listing gain, which is always attractive. However, the complete lack of subscription by the end of Day 2 is a significant point of consideration. This could be a sign of cautious sentiment or simply a slow start. SEBI advisors often recommend looking at both the fundamentals of the company and the market sentiment reflected in subscription levels and GMP. If you’re a seasoned investor who has done your due diligence on Vahh Chemicals’ business prospects and you’re comfortable with the current GMP, you might consider applying. However, if you prefer to see stronger subscription numbers before committing, it might be prudent to wait until the final days of the IPO. Remember, a lot can change in the remaining subscription days. You can View Full Vahh Chemicals IPO Details for more in-depth information.