Prasol Chemicals IPO
ListedMainboardOpens 8 September 2026Closes 10 September 2026
Incorporated in 1992, Prasol Chemicals Limited is a leading forward-integrated manufacturer of specialty chemicals in India, specializing in acetone-based, phosphorous-based, and complex specialty chemistries. The…
Incorporated in 1992, Prasol Chemicals Limited is a leading forward-integrated manufacturer of specialty chemicals in India, specializing in acetone-based, phosphorous-based, and complex specialty chemistries. The company's portfolio comprises over 150 products, including 21 acetone-based chemicals, 53 phosphorous-based chemicals, and 76 other specialty chemicals such as surfactants, esters, and performance additives. These products cater to five major application industries: performance chemicals (lubricant and mining additives), paint, inks, construction, and adhesives (PICA), pharmaceuticals, agrochemicals, and home and personal care. Operating two manufacturing facilities in Khopoli and Mahad, Maharashtra, with an aggregate installed capacity of 98,644 MTPA, the company is recognized as a 3-Star Export House and has exported its products to 69 countries across APAC, Europe, and the Americas.
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Key ratios
As per RHP / filingsTimeline
IPO Opens
8 Sept 2026
IPO Closes
10 Sept 2026
Allotment
11 Sept 2026
Listing
16 Sept 2026
IPO Timeline & Listing Details
| Event | Date |
|---|---|
| IPO Open Date | 8 September 2026 |
| IPO Close Date | 10 September 2026 |
| Allotment Date | 11 September 2026 |
| Listing Date | 16 September 2026 |
Investment Categories
| Category | Lots | Amount |
|---|---|---|
Retail (Min) | 1 | ₹14,872 |
Retail (Max)Just less than ₹2,00,000 | 13 | ₹1,93,336 |
SHNI (Min)Just above ₹2,00,000 | 14 | ₹2,08,208 |
SHNI (Max)Below ₹10,00,000 | 67 | ₹9,96,424 |
BHNIAbove ₹10,00,000 | 68 | ₹10,11,296 |
IPO Reservation Details
| Category | Reservation |
|---|---|
| QIB (Qualified Institutional Buyer) | 50.00% |
| NII (Non-Institutional Investor) | 15.00% |
| SHNI (Small Non-Institutional Investor) | 5.00% |
| BHNI (Big Non-Institutional Investor) | 10.00% |
| Retail | 35.00% |
| Total | 100.00% |
IPO Objectives
- Repayment and/or pre-payment, in full or part, of certain borrowings availed by the company (₹60.00 Cr).
- General Corporate Purposes.
Strengths
- Highly diversified product portfolio comprising over 150 specialty chemicals across acetone, phosphorous, and complex custom chemistries.
- Extensive international customer relationships, serving 1,100+ clients across 69 countries as a certified 3-Star Export House.
- Robust in-house R&D capabilities driving import substitution and an active pipeline of 40 products under development.
- Consistent financial acceleration with revenue increasing 21.89% YoY to ₹1,237.85 Cr and PAT surging 90.77% YoY to ₹83.12 Cr in FY26.
Weaknesses
- Manufacturing concentration with both production facilities situated in Maharashtra (Khopoli and Mahad).
- Past regulatory closure directions and notices from the Maharashtra Pollution Control Board (MPCB) regarding gas leakage and effluent compliance.
- Operational risks tied to the handling and storage of hazardous, flammable, and corrosive chemical inputs and by-products.
- Raw material volatility and import dependence, with imported materials representing 65.96% of total raw material procurement in FY26.
Financial Performance
| Period Ended | 31 Mar 2026 | 31 Mar 2025 | 31 Mar 2024 |
|---|---|---|---|
| Assets (₹ Cr.) | 839.28 | 723.09 | 626.36 |
| Revenue (₹ Cr.) | 1,237.85 | 1,015.54 | 887.56 |
| PAT (₹ Cr.) | 83.12 | 43.57 | 18.13 |
| Net Worth (₹ Cr.) | 448.51 | 367.46 | 325.84 |
Peer Comparison
| Company | P/B Ratio | P/E Ratio | RONW (%) | Net Worth (₹ Cr.) |
|---|---|---|---|---|
| Prasol Chemicals | 8.74 | 48.13 | 18.53% | 448.51 |
| Excel Industries Ltd. | 0.76 | 18.23 | 4.44% | 1,354.74 |
| Laxmi Organic Industries | 2.46 | 38.84 | 4% | 71.45 |
| Aarti Industries Ltd. | 3.06 | 34.27 | 7.04% | 164.18 |
Subscription Details
Daily Bids Status
| Category | Day 1 | Day 2 | Day 3 |
|---|---|---|---|
| QIB | 0x | 0.06x | 7.59x |
| NII | 0.33x | 0.69x | 1.89x |
| S-HNI | 0.64x | 1.31x | 3.23x |
| B-HNI | 0.17x | 0.39x | 1.22x |
| RII | 0.74x | 1.19x | 1.79x |
| Total | 0.44x | 0.76x | 3.47x |
Overall Subscription Statistics
| Category | Shares Offered | Shares Bid | Bid Amount (₹ Cr) |
|---|---|---|---|
| QIB | 14,79,289 | 1,12,28,140 | 759.02 |
| NII | 11,09,466 | 20,94,994 | 141.62 |
| Small NII | 3,69,822 | 11,93,434 | 80.68 |
| Big NII | 7,39,644 | 9,01,560 | 60.95 |
| RII | 25,88,753 | 46,39,184 | 313.61 |
| Total | 51,77,508 | 1,79,62,318 | 1,214.25 |
Company Details
- Prasol Chemicals Limited
- Prasol House, Plot No A-17/2/3, T. T. C. Industrial Area, Khairne M.I.D.C., Navi Mumbai, Thane, Maharashtra - 400 710, India
- +91 22 6195 2500
- investorservices@prasolchem.com
- https://www.prasolchem.com
Registrar Details
- KFin Technologies Limited
- +91 40 6716 2222
- prasol.ipo@kfintech.com
- https://www.kfintech.com/
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Sources
We match Prasol Chemicals IPO IPO numbers with official sources. For final dates and allotment results, double-check the registrar or exchange.
- SEBIRules for IPO allotment and disclosures in India
- NSEExchange notices, bidding data, and listing updates
- BSEExchange notices and IPO allotment check tools
- RHP / Offer DocumentCheck the company RHP on NSE/BSE or the IPO detail page
- KFin Technologies LimitedOfficial site to check allotment status for this IPO
Also read our Editorial Policy, How GMP is calculated, How allotment chances work, and IPO fund allocation.
Reviewed by
Dinesh Agrawal · Lead IPO Analyst
15+ years in Indian markets and IPO research. He reviews IPO dates and key details before they go live.