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Open
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Close
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Allotment
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Listing
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Issue Size
55,02,000 shares (agg. up to ₹[.] Cr)
Listing Date
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✦ AI Insight
Restated Financials (₹ Cr.)
| Period Ended | 31 Mar 2026 | 31 Mar 2025 | 31 Mar 2024 |
|---|---|---|---|
| Assets | 89.60 | 68.71 | 61.21 |
| Total Income | 130.60 | 94.48 | 92.53 |
| Profit After Tax | 11.15 | 5.50 | 2.44 |
| EBITDA | 18.56 | 11.13 | 7.38 |
| NET Worth | 32.41 | 21.26 | 15.76 |
| Reserves and Surplus | 18.51 | 16.63 | 11.13 |
| Total Borrowing | 36.95 | 37.53 | 34.40 |
| Amount in ₹ Crore |
Peer Comparison
| Company | Issue Type | Issue Size | Issue Price | PE Ratio | Listing Day Close | Listing Gain/Loss % | LTP |
|---|---|---|---|---|---|---|---|
| Devson Catalyst Ltd. | SME | ₹42.34 Cr | ₹118 | 9.66 | ₹205.95 | +74.53% | ₹276.75 |
| Vahh Chemicals Ltd. | SME | ₹13.45 Cr | ₹60 | 7.15 | ₹66.50 | +10.83% | ₹52.25 |
| Biopol Chemicals Ltd. | SME | ₹31.26 Cr | ₹108 | 19.73 | ₹105.50 | -2.31% | ₹99.70 |
| Neochem Bio Solutions Ltd. | SME | ₹44.97 Cr | ₹98 | 15.85 | ₹111.80 | +14.08% | ₹95.65 |
| Speb Adhesives Ltd. | SME | ₹33.73 Cr | ₹56 | 16.73 | ₹57.00 | +1.79% | ₹87.65 |
| SK Minerals & Additives Ltd. | SME | ₹41.15 Cr | ₹127 | 10.45 | ₹152.25 | +19.88% | ₹430.65 |
| Shlokka Dyes Ltd. | SME | ₹57.79 Cr | ₹91 | 13.69 | ₹85.50 | -6.04% | ₹23.25 |
| Snehaa Organics Ltd. | SME | ₹32.68 Cr | ₹122 | 12.47 | ₹115.90 | -5.00% | ₹45.85 |
| Sudeep Pharma Ltd. | Mainboard | ₹895.00 Cr | ₹593 | 47.61 | ₹774.15 | +30.55% | ₹1,104.10 |
| Gem Aromatics Ltd. | Mainboard | ₹451.25 Cr | ₹325 | 28.52 | ₹319.05 | -1.83% | ₹170.10 |
Objects of the Issue
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Full or part repayment and/or prepayment of certain outstanding secured borrowings availed by the Company | 24.50 |
| 2 | General corporate purposes | |
| Total | 24.50 |
About Faith Industries IPO
Incorporated in March 1995, Faith Industries Limited is a specialty chemicals company engaged in the development, formulation, sourcing, marketing, and supply of PVC and CPVC additives for industrial applications. The company operates on a B2B business model, supplying specialty performance chemicals to manufacturers across infrastructure & construction, packaging, wires & cables, consumer goods, and other polymer processing industries. Faith Industries offers a diversified portfolio of PVC and CPVC stabilizers, lubricants, plasticizers, metallic stearates, impact modifiers, processing aids, and specialty additive packs under brands such as PolyFlex, PolyAid, and PolyFlo. The company develops customized formulations and technical solutions to improve the thermal stability, processability, durability, and performance of PVC and CPVC products including pipes & fittings, profiles, cables, packaging materials, films, flooring, and footwear. Following a fire incident at its Gujarat manufacturing facility in May 2026, the company shifted to a supervised job-work manufacturing model while retaining complete control over product formulations, quality standards, and customer relationships.
Contact Details
Faith Industries Ltd. Address701Shapth 1S G RoadAhmedabad, Gujarat, 3800157874030500investor@faithind.comVisit Website