- Issue price
- ₹676per share
- Issue size
- ₹500 Cr73,96,437 shares
- Face value
- ₹2per equity share
- Lot size
- 22 sharesMin. ₹14,872 at the upper price
- Anchor biddingMon, 2026
- OpensTue, 2026
- ClosesThu, 2026
- AllotmentFri, 2026
- ListingWed, 2026
Dates marked in the offer document as tentative. Times in IST.
Information only, not investment advice. This page provides information compiled from official offer documents for information purposes only. It is not investment advice or a recommendation to apply for, buy or sell any security. We are not a SEBI-registered investment adviser or research analyst. Investments in IPOs are subject to market risks; read the offer document carefully before investing.
Issue details
- Issue type
- Book built, fresh issue and offer for sale
- Fresh issue
- 11,83,431 shares (₹80 Cr)
- Offer for sale
- 62,13,006 shares (₹420 Cr)
- Total issue
- 73,96,437 shares (₹500 Cr)
- Face value
- ₹2
- Listing at
- NSE, BSE
Source: ProspectusUpdated
Reservation
Share of the total issue- Retail43.8%
- Anchor37.5%
- NII18.8%
| Category | Shares | Of net offer | Stated in RHP |
|---|---|---|---|
| Retail individual investors | 25,88,753 | 43.75% | 35% |
| Non-institutional investors (NII) | 11,09,466 | 18.75% | 15% |
| Qualified institutional buyers (QIB) | 36,98,218 | 62.50% | 50% |
| Anchor investors | 22,18,930 | 37.50% | — |
Source: ProspectusUpdated
Lot size
Amounts at ₹676 per share| Category | Lots | Shares | Amount |
|---|---|---|---|
| Retail individual investors | 1 | 22 | ₹14,872 |
Source: ProspectusUpdated
Subscription
Category-wise subscription is published by the exchanges while the issue is open. It appears here once the figures are added.
Valuation
FY 2025-26, pre-issue- EPS (basic)
- ₹14.33
- EPS (diluted)
- ₹14.33
- P/E (FY 2025-26 at Floor Price)
- 44.87×
- P/E (FY 2025-26 at Cap Price)
- 47.17×
- RoNW
- 18.53%
- NAV per share (As on March 31, 2026)
- ₹77.33
- NAV per share (At Offer Price)
- ₹89.3
- Debt to equity
- 0.19
- EBITDA margin
- 11.30%
- PAT margin
- 6.74%
Source: ProspectusUpdated
Financials
Consolidated, restated · ₹ crore| Period ended | 31 Mar 2026FY 2025-26 | 31 Mar 2025FY 2024-25 | 31 Mar 2024FY 2023-24 |
|---|---|---|---|
| Revenue from operations | 1,232.59 | 1,012.49 | 876.57 |
| Total income | 1,237.85 | 1,015.54 | 887.56 |
| EBITDA | 139.32 | 87.77 | 60.53 |
| Profit after tax | 83.12 | 43.57 | 18.13 |
| Net worth | 448.51 | 367.47 | 325.84 |
| Reserves and surplus | 436.91 | 355.87 | 314.24 |
| Total assets | 839.28 | 723.09 | 626.36 |
| Total borrowing | 110.06 | 101.05 | 82.06 |
FY 2025-26 vs FY 2024-25: revenue +21.7%, profit after tax +90.8%.
Source: ProspectusUpdated
About the company
The company manufactures acetone-based and phosphorous-based specialty chemicals, along with other customised specialty chemicals. It serves industries such as lubricants and mining, paints and adhesives, pharmaceuticals, agrochemicals and home care, and exports to many countries. Its manufacturing facilities are located in Khopoli and Mahad in Maharashtra.
- Incorporated
- 1992
- Industry
- Specialty Chemicals
- CIN
- U99999MH1992PLC065026
- Website
- prasolchem.com
Source: ProspectusUpdated
Promoters and shareholders
| Name | Before issue | After issue | Shares offered |
|---|---|---|---|
| Usha Rajnikant Shah | 11.86% | 8.63% | 17,75,147 |
| Gaurang Natwarlal Parikh | 8.97% | 7.90% | 5,23,002 |
| Nishith Rasiklal Dharia | 8.59% | 7.61% | 4,73,372 |
| Sachin Jatin Parikh | 3.36% | 2.49% | 4,73,372 |
Source: ProspectusUpdated
Objects of the issue
₹ crore| Purpose | Amount |
|---|---|
| Repayment or pre-payment of certain borrowings | 60.00 |
| General corporate purposes | 16.39 |
Source: ProspectusUpdated
Peer comparison
As listed in the offer document| Company | EPS | P/E | RoNW | NAV per share |
|---|---|---|---|---|
| Prasol Chemicals LimitedIssuer | ₹14.33 | — | 18.53% | ₹77.33 |
| Aarti Industries Limited | ₹11.56 | 46.79× | 7.04% | ₹164.27 |
| Atul Limited | ₹230.25 | 28.04× | 10.95% | ₹2,136.46 |
| Laxmi Organic Industries Limited | ₹2.87 | 59.95× | 4.00% | ₹71.66 |
| Vinati Organic Limited | ₹42.8 | 30.95× | 14.03% | ₹304.99 |
| Privi Speciality Chemicals Limited | ₹81.08 | 42.67× | 21.99% | ₹368.79 |
| Yasho Industries Limited | ₹20.95 | 206.68× | 5.69% | ₹368.18 |
| Excel Industries Limited | ₹60.19 | 17.12× | 4.44% | ₹1,354.74 |
Source: ProspectusUpdated
Strengths and risks
Our summary of what the offer document statesStrengths
- Diversified product portfolio of over 150 specialty chemicals serving many end-use industries.
- Established in-house R&D team and pipeline of products under development.
- Long-standing relationships with a broad customer base and export presence in many countries.
- Experienced promoter and board leadership.
- Revenue, profit and net worth have grown over the last three fiscal years.
Risks
- Operations depend on two manufacturing facilities that have faced pollution-control closure orders and notices.
- Past incidents including a gas leak and worker fatalities have led to regulatory action and shutdowns.
- Significant dependence on imported raw materials such as acetone and yellow phosphorus.
- Some corporate records relating to share capital changes are not traceable.
- Offer for sale forms most of the issue, so the company receives no proceeds from it.
Source: ProspectusUpdated
Documents
Contacts
Source: ProspectusUpdated
Allotment status
Check whether shares were allotted on the official pages below, using your PAN, application number or DP/client ID. Results appear once the basis of allotment is finalised.
- Allotment
- Refunds
- Demat credit
- Listing
Source: ProspectusUpdated
After listing
Listing price, day-one high and low, and the change from the issue price (₹676) appear here after the shares list on NSE and BSE.
Work out the gain or loss on allotted shares after charges and tax →
Frequently asked questions
When does the Prasol Chemicals IPO open and close?
According to the Prospectus, the issue opens on Tuesday, 8 September 2026 and closes on Thursday, 10 September 2026.
What is the Prasol Chemicals IPO price band?
The final issue price is ₹676 per share.
What is the lot size of the Prasol Chemicals IPO?
One lot is 22 shares, which is ₹14,872 at ₹676 per share.
Where will Prasol Chemicals shares list?
On NSE and BSE. The tentative listing date is Wednesday, 16 September 2026.
Who is the registrar of the issue?
KFin Technologies Limited (SEBI registration INR000000221). Allotment status is checked on the registrar's website.
How do I check the Prasol Chemicals IPO allotment status?
The basis of allotment is expected to be finalised on Friday, 11 September 2026. After that, search by PAN, application number or DP/client ID on the registrar's website (KFin Technologies Limited), the NSE website or the BSE website. Shares that are allotted are credited to your demat account; for an application that is not allotted, the blocked amount is released.
How will the money raised be used?
₹60 Cr for repayment or pre-payment of certain borrowings, ₹16.39 Cr for general corporate purposes.
Related IPOs
Spotted something wrong?
Our data comes from official offer documents, but mistakes can slip through. Report an error and tell us which figure looks wrong and where you saw the correct one (the offer-document page number helps). For anything else, see Contact.