Prasol Chemicals IPO is a mainboard book-building public issue with a total size of approximately ₹500 crore.
The issue consists of a fresh issue of approximately 11.83 lakh equity shares worth ₹80 crore and an offer for sale of approximately 62.13 lakh shares worth ₹420 crore.
The IPO is scheduled to open for subscription on 8 September 2026 and close on 10 September 2026. The shares are proposed to be listed on both NSE and BSE.
Prasol Chemicals IPO Details
Prasol Chemicals Limited is coming up with a ₹500 crore book-building IPO. The public issue includes both a fresh issue of equity shares and an offer for sale by existing shareholders.
The fresh issue comprises approximately 11.83 lakh shares aggregating to around ₹80 crore. The OFS component consists of around 62.13 lakh shares valued at approximately ₹420 crore.
The IPO price band has been fixed at ₹643 to ₹676 per share. Investors can apply for a minimum of 22 shares and thereafter in multiples of 22 shares.
At the upper price band of ₹676, one retail lot requires an investment of ₹14,872.
Prasol Chemicals IPO Details
| Particulars | Details |
|---|---|
| IPO Open Date | 8 September 2026 |
| IPO Close Date | 10 September 2026 |
| IPO Size | ₹500 Crore |
| Price Band | ₹643 to ₹676 per share |
| Face Value | ₹2 per share |
| Lot Size | 22 Shares |
| Issue Type | Book Building |
| Issue Structure | Fresh Issue + Offer for Sale |
| Listing Exchange | NSE and BSE |
| Market Cap at Upper Band | ₹4,000.80 Crore |
| Expected Allotment | 11 September 2026 |
| Refund / Unblocking | 15 September 2026 |
| Demat Credit | 15 September 2026 |
| Tentative Listing Date | 16 September 2026 |
Prasol Chemicals IPO Issue Size
| Issue Component | Shares | Approx. Amount |
|---|---|---|
| Total Issue | 73,96,437 | Up to ₹500 Cr |
| Fresh Issue | 11,83,431 | Up to ₹80 Cr |
| Offer for Sale | 62,13,006 | Up to ₹420 Cr |
Prasol Chemicals IPO Timeline
| Event | Date |
|---|---|
| IPO Opens | Tuesday, 8 September 2026 |
| IPO Closes | Thursday, 10 September 2026 |
| Allotment | Friday, 11 September 2026 |
| Refund / Unblocking | Tuesday, 15 September 2026 |
| Shares Credited to Demat | Tuesday, 15 September 2026 |
| Listing | Wednesday, 16 September 2026 |
Prasol Chemicals IPO Reservation
| Investor Category | Reservation |
|---|---|
| Qualified Institutional Buyers (QIB) | Not more than 50% |
| Retail Investors | Not less than 35% |
| Non-Institutional Investors (NII) | Not less than 15% |
Prasol Chemicals IPO Lot Size
Investors can bid for a minimum of 22 shares and thereafter in multiples of the specified lot size.
| Investor Category | Lots | Shares | Investment at ₹676 |
|---|---|---|---|
| Retail Minimum | 1 | 22 | ₹14,872 |
| Retail Maximum | 13 | 286 | ₹1,93,336 |
| S-HNI Minimum | 14 | 308 | ₹2,08,208 |
| S-HNI Maximum | 67 | 1,474 | ₹9,96,424 |
| B-HNI Minimum | 68 | 1,496 | ₹10,11,296 |
About Prasol Chemicals Ltd.
Prasol Chemicals Limited, incorporated in 1992, operates in the specialty chemicals sector. The company manufactures a diversified range of specialty chemicals, including acetone-based, phosphorous-based and other complex chemical products.
Its product portfolio includes approximately 21 acetone-based chemicals, 53 phosphorous-based chemicals and 76 other specialty chemicals covering products such as surfactants, esters and acids.
The company’s products are supplied to multiple end-use industries, including performance chemicals, paints and inks, construction, adhesives, pharmaceuticals, agrochemicals and home and personal care.
Prasol Chemicals operates manufacturing facilities at Khopoli and Mahad, with an aggregate manufacturing capacity of approximately 98,644 MT per year.
As of July 31, 2026, the company served approximately 1,600 customers and exported its products to 69 countries. Its customer base includes companies such as Alembic Pharmaceuticals, Lubrizol India, Rossari Biotech, Clean Science, Gharda Chemicals, Croda India, Supriya Lifescience and Yasho Industries.
The company has been recognised as a 3 Star Export House and has a distribution network spanning APAC, North and South America and Europe.
Prasol Chemicals Business Strengths
- Diversified specialty chemical portfolio serving multiple application industries.
- Established research and development capabilities supporting product development and innovation.
- Long-standing relationships with customers across different industries and geographies.
- International presence with exports to multiple global markets.
- Manufacturing infrastructure across Khopoli and Mahad.
- Experienced management and professional leadership team.
- Track record of revenue and profit growth in recent financial years.
Prasol Chemicals Financial Performance
Prasol Chemicals recorded significant improvement in profitability during FY2026. Total income increased to ₹1,237.85 crore from ₹1,015.54 crore in FY2025, while profit after tax increased to ₹83.12 crore from ₹43.57 crore.
| Particulars (₹ Crore) | FY2026 | FY2025 | FY2024 |
|---|---|---|---|
| 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 |
| Total Borrowings | 110.06 | 101.05 | 82.07 |
| Assets | 839.28 | 723.09 | 626.36 |
Prasol Chemicals IPO Objects of the Issue
The company plans to use the net proceeds from the fresh issue primarily for reducing its borrowings and for general corporate purposes.
| No. | Use of IPO Funds | Amount |
|---|---|---|
| 1 | Repayment and/or pre-payment, in full or in part, of certain borrowings availed by the company. | ₹60.00 Cr |
| 2 | General corporate purposes. | Balance Amount |
| Total Fresh Issue Proceeds | ₹80.00 Cr | |
Prasol Chemicals IPO Key Performance Indicators
| KPI | 31 Mar 2026 |
|---|---|
| ROE | 20.37% |
| ROCE | 22.43% |
| Debt/Equity | 0.19 |
| RoNW | 18.53% |
| PAT Margin | 6.74% |
| EBITDA Margin | 11.30% |
| NAV | ₹77.33 |
Prasol Chemicals IPO Valuation
At the upper IPO price of ₹676 per share, Prasol Chemicals has an estimated post-issue market capitalization of approximately ₹4,000.80 crore.
| Valuation Metric | Pre-IPO | Post-IPO |
|---|---|---|
| EPS | ₹14.33 | — |
| Market Capitalisation | — | ₹4,000.80 Cr |
Prasol Chemicals Shareholding Pattern
| Category | Pre-IPO | Post-IPO |
|---|---|---|
| Promoter & Promoter Group | 89.20% | 77.51% |
| Public | 10.80% | 22.49% |
| Total | 100% | 100% |
Company Promoters: Nishith Rajnikant Shah, Gaurang Natwarlal Parikh, Dhaval Nalin Parikh, Pankil Nishith Dharia, Sachin Jatin Parikh, Rakesh Gupta, Nishith Rasiklal Dharia, Kunal Tushar Dharia, Suketu Navinchandra Parikh and Usha Rajnikant Shah.
Prasol Chemicals IPO Offer for Sale
The offer for sale represents shares being sold by existing shareholders. The OFS proceeds will go to the respective selling shareholders rather than to Prasol Chemicals.
| Selling Shareholder | Category | Estimated Amount |
|---|---|---|
| Usha Rajnikant Shah (held jointly with Nishith Rajnikant Shah & Shah Sandhya Nishith) | Promoter | ₹120.00 Cr |
| Tushar Natverlal Dharia (HUF) | Promoter | ₹51.52 Cr |
| Gaurang Natwarlal Parikh (HUF) | Promoter | ₹18.54 Cr |
| Bhisham Kumar Gupta (held jointly with Raksha Bhisham Gupta) | Promoter | ₹39.03 Cr |
| Nishith Rasiklal Dharia (held jointly with Sonal Nishith Dharia) | Promoter | ₹32.00 Cr |
| Total OFS | ₹420.00 Cr |
Prasol Chemicals IPO Registrar & Lead Manager
IPO Registrar: KFin Technologies Ltd.
Book Running Lead Manager:
- DAM Capital Advisors Ltd.
Prasol Chemicals Ltd. Contact Details
Registered / Corporate Office:
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
Prasol Chemicals IPO Quick Summary
Prasol Chemicals IPO is a mainboard public issue of approximately ₹500 crore. The IPO will open on 8 September 2026 and close on 10 September 2026.
The IPO price band is ₹643 to ₹676 per share and the minimum lot size is 22 shares. At the upper price band, one retail lot requires ₹14,872.
The issue comprises a fresh issue of approximately ₹80 crore and an OFS of approximately ₹420 crore. The equity shares are proposed to be listed on both NSE and BSE.
Prasol Chemicals IPO FAQs
Disclaimer
This article is provided for educational and informational purposes only. IPO investments involve market risks and past financial performance does not guarantee future returns. Investors should carefully review the company’s RHP and other official documents and conduct their own research before making an investment decision.
