Prasol Chemicals IPO Details
Prasol Chemicals IPO Summary
Prasol Chemicals IPO opens for subscription on 08 Sep 2026 and closes on 10 Sep 2026.The IPO will be listed on NSE, BSE with the tentative listing date set for 16 Sep 2026.
Prasol Chemicals IPO price band has been fixed at ₹643 – ₹676 per share. The face value is ₹2 per share with a lot size of 22.
Prasol Chemicals IPO total issue size comprises 73,96,437 shares (aggregating up to ₹500.00 Cr). This includes a fresh issue of 11,83,431 shares (aggregating up to ₹80.00 Cr). Offer for Sale consists of 62,13,006 shares (aggregating up to ₹420.00 Cr). Pre-issue shareholding stands at 5,80,00,000, which will increase to 5,91,83,431 post-issue.
Prasol Chemicals IPO carries a ₹-13 (-1.92%) GMP, reflecting investor sentiment.
Prasol Chemicals IPO Lot Size :Retail Minimum is 1 lot (22 shares) amounting to ₹14,872. Retail Maximum is 13 lots (286 shares) amounting to ₹1,93,336. SHNI Minimum is 14 lots (308 shares) amounting to ₹2,08,208. SHNI Maximum is 67 lots (1,474 shares) amounting to ₹9,96,424. BHNI Minimum is 68 lots (1,496 shares) amounting to ₹10,11,296.
Prasol Chemicals IPO Details
Prasol Chemicals IPO Subscription
Prasol Chemicals IPO Application Wise Breakup (Approx)
Prasol Chemicals IPO Dates
- 08 Sep 2026Opening dateOpen
- 10 Sep 2026Closing dateClose
- 11 Sep 2026Allotment Date Allotment
- 15 Sep 2026Initiation of RefundsRefund
- 15 Sep 2026Credit of SharesCredit
- 16 Sep 2026Listing dateListing
Prasol Chemicals IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail Minimum | 1 | 22 | ₹14,872 |
| Retail Maximum | 13 | 286 | ₹1,93,336 |
| SHNI Minimum | 14 | 308 | ₹2,08,208 |
| SHNI Maximum | 67 | 1474 | ₹9,96,424 |
| BHNI Minimum | 68 | 1496 | ₹10,11,296 |
Prasol Chemicals IPO Reservation
Promoter Holding
Documents
Prasol Chemicals IPO Valuations
Prasol Chemicals Financial Information
| Period Ended | 31 Mar 2026 | 31 Mar 2025 | 31 Mar 2024 |
|---|---|---|---|
| Assets | 839.28 | 723.09 | 626.36 |
| Total Income | 1,237.85 | 1,015.54 | 887.56 |
| Profit After Tax | 83.12 | 43.57 | 18.13 |
| EBITDA | 139.32 | 87.77 | 60.53 |
| NET Worth | 448.51 | 367.46 | 325.84 |
| Reserves and Surplus | 436.91 | 355.87 | 314.24 |
| Total Borrowing | 110.06 | 101.05 | 82.07 |
| Amount in ₹ Crore | |||
About Prasol Chemicals IPO
Incorporated in 1992, Prasol Chemicals operates in the specialty chemicals industry. The company manufactures over 150 specialty chemicals, including acetone-based, phosphorous-based, and other complex chemicals. Its product portfolio includes 21 acetone-based chemicals, 53 phosphorous-based chemicals, and 76 other specialty chemicals (e.g. surfactants, esters, acids).
The products serve 5 major industries, including Performance chemicals (like lubricant and mining additives), paint, inks, construction, and adhesives (PICA), pharmaceuticals, agrochemicals, and home and personal care.
Manufacturing Facility: The company operates two manufacturing facility in Khopoli across 1,20,604 sq. m., Mahad across 1,19,423 sq. mt with an aggregate capacity of 98,644 MT per year.
Key customers: Alembic Pharmaceuticals, Lubrizol India, Rossari Biotech, Clean Science, Gharda Chemicals, Croda India, Supriya Lifescience, Yasho Industries, etc. As of July 31, 2026, the company served 1600 customers and exports to 69 countries.
It is certified as a 3 Star Export House by the Indian government and have a strong global distribution network across APAC, North and South America, and Europe.
Strength Of Prasol Chemicals IPO
- Highly diversified product portfolio used across various Application Industries.
- Well established R&D capabilities driving innovation with strong pipeline of products to address customised customer requirements.
- Long standing relationships with a diversified customer base and strong global presence.
- Experienced, Qualified and Professional Leadership Team with a focus on business sustainability.
- Robust financial performance.
Risk Of Prasol Chemicals IPO
- The company's business is dependent on its manufacturing facilities and the company is subject to certain related risks. For instance, MPCB, in the past had directed it to shut-down the company's manufacturing facilities situated at Khopoli, Maharashtra and Mahad, Maharashtra. Unplanned slowdowns, unscheduled shutdowns or prolonged disruptions in its manufacturing operations or under - utilization of the company's manufacturing capacities could have an adverse effect on its business, results of operations, cash flows and financial condition.
- Some of the raw materials that the company use, certain by products that are generated, as well as its finished products are hazardous, corrosive and flammable and requires expert handling and storage, as applicable. Any accidents may result in loss of life or property and disrupt the company operations which may have an adverse effect on its results of operation, cash flows and financial condition.
- There are outstanding litigations involving the Company, Promoters and Directors, and any adverse outcome in any of these proceedings may adversely affect its results of operations and financial condition.
- The company net cash from operating activities has significantly moved in the past. Any significant fluctuation in its cash flow from operating activities or negative net cash flow from operating activities in the future could have an adverse impact on the company's growth prospects, financial condition and the trading price of the Equity Shares.
- The Deputy Director, Industrial Safety & Health, Raigad District has issued show cause notices against Gaurang Natwarlal Parikh (in his capacity as occupant of the Company), one of the Promoters of the Company alleging violation of provisions of the Factories Act, 1948. While its cannot assess any definitive financial or operational impact of this litigation, any adverse outcome in these proceedings could have a material adverse effect on the company's reputation which could in turn have a material adverse impact on its business.
- The report of the company's Statutory Auditors on the Audited Financial Statements for Fiscals 2026 and Audited Consolidated Financial Statements for Fiscal 2025 and 2024 contains emphasis of matter. Further, the report of its Statutory Auditors on the Audited Financial Statements for Fiscal 2026 and Audited Consolidated Financial Statements for Fiscal 2025 and 2024 is also modified to the extent of internal financial controls of the Company.
- We have certain contingent liabilities and commitments, which, if materialized, may affect our financial condition and results of operations. As of March 31, 2026, March 31, 2025 and March 31, 2024 our aggregate contingent liabilities and commitments were Rs. 1,091.22 million, Rs. 468.07 million and Rs. 675.98 million constituting 24.33%, 12.74% and 20.75% of our net worth, respectively.
- Our business and the demand for our products is reliant on the success of our customers' products with end consumers and any decline in the demand for the end products could have an adverse impact on our business, results of operations, cash flows and financial condition.
- We require a number of approvals, licences, registrations and permits to operate our business and the failure to obtain or renew these licences in a timely manner, or at all, may have an adverse effect on our business, results of operations and financial condition.
- Information relating to the historical installed capacity and capacity utilization of our manufacturing facilities included in this Red Herring Prospectus is based on various assumptions and estimates and our future production and capacity may vary. Further, an inability to utilize our manufacturing facility to its full or optimal capacity, non-utilization of such capacities could have an adverse effect on our results of operations, cash flows and financial condition.
Objectives Prasol Chemicals IPO
1. Repayment and/ or pre-payment, in full or part, of certain borrowings availed by our Company
2. General corporate purposes
Company Contact Details
Prasol Chemicals Ltd.
Prasol House, Plot No A - 17/2/3,
T. T. C, Industrial Area, Khairne M.I.D.C.,
Navi Mumbai,
Thane, Maharashtra, 400710
Phone: +91 22 6195 2500
Email: investorservices@prasolchem.com
Website: http://www.prasolchem.com/
Registrar Contact Details
Prasol Chemicals FAQs
The Prasol Chemicals IPO is a MAINBOARD public issue comprising 7396437 equity shares with a face value of ₹2 each, aggregating to a total issue size of ₹500.00 Cr. The issue price has been fixed at ₹676 per equity share, and the minimum application size is 22 shares.
The IPO opens for subscription on 08 Sep 2026, and closes on 10 Sep 2026.
Kfin Technologies Ltd has been appointed as the registrar to the issue. The equity shares are proposed to be listed on the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE).
As of now, the current GMP stands at ₹-13 (-1.92%).
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