Prasol Chemicals IPO
Bookbuilding IPO | ₹500.00 Cr | Listing at BSE, NSE
Closed
IPO Open
Tue, Sep 08, 2026
IPO Close
Thu, Sep 10, 2026
Price Band
₹643.00 to ₹676.00
Market Cap (Pre-IPO)
₹4,000.80 Cr
IPO Details
| IPO Date | Sep 08, 2026 to Sep 10, 2026 |
| Listing Date | Tentative: Sep 16, 2026 |
| Face Value | ₹2.00 per share |
| Price Band | ₹643.00 to ₹676.00 |
| Lot Size | 22 Shares (Minimum: ₹14,872.00) |
| Sale Type | Offer For Sale + Fresh Issue |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Issue Size | ₹500.00 Crores |
| Total Shares Offered | 7,396,437 shares |
| Fresh Issue | 1,183,431 shares |
| Offer For Sale | 6,213,006 shares |
Subscription Data
| Category | Times Subscribed |
|---|---|
| QIB | 0.05x |
| NII | 0.59x |
| RII | 1.09x |
| Total | 0.69x |
Prasol Chemicals IPO Reservation
| Investor Category | Shares Offered |
|---|---|
| QIB Shares Offered | 50.00 |
| Retail Shares Offered | 35.00 |
| NII Shares Offered | 15.00 |
Prasol Chemicals IPO Lot Size
Investors can bid for a minimum of 22 shares and in multiples thereof.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 22 | ₹14,872 |
| Retail (Max) | 13 | 286 | ₹193,336 |
| S-HNI (Min) | 14 | 208,208 | ₹208,208 |
| S-HNI (Max) | 67 | 1,474 | ₹996,424 |
| B-HNI (Min) | 68 | 1,496 | ₹1,011,296 |
Prasol Chemicals Financial Information (Restated Consolidated)
Prasol Chemicals Ltd.'s revenue increased by 22% and profit after tax (PAT) rose by 91% between the financial year ending with March 31, 2026 and March 31, 2025.
| 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 ₹ Cr
Key Performance Indicators
As of Tuesday, March 31, 2026| KPI | Values |
|---|---|
| ROE (Return on Equity) | 20.37% |
| ROCE (Return on Capital Employed) | 22.43% |
| Debt/Equity | 0.19 |
| RoNW (Return on Net Worth) | 18.53% |
| PAT Margin (Profit After Tax Margin) | 6.74% |
| EBITDA Margin | 11.30% |
| Price to Book Value | 0.00 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS Rs | 14.33 | 0.00 |
| P/E (x) | 0.00 | 0.00 |
| Promoter Holding | 0.00% | 0.00% |
Company Overview
Prasol Chemicals Limited – Company Overview
- Prasol Chemicals Limited was incorporated in 1992 and operates in the specialty chemicals industry.
- The company manufactures 150+ specialty chemicals, comprising:
- 21 acetone-based chemicals
- 53 phosphorous-based chemicals
- 76 other specialty chemicals, including surfactants, esters, and acids.
- Its products cater to five major industries, including performance chemicals, paints, inks, construction and adhesives (PICA), pharmaceuticals, agrochemicals, and home and personal care.
- The company operates two manufacturing facilities located at Khopoli and Mahad, Maharashtra, spread across approximately 1,20,604 sq. m. and 1,19,423 sq. m., respectively.
- As of March 31, 2026, the two manufacturing facilities had an aggregate production capacity of 98,644 MT per year.
- Key customers include Alembic Pharmaceuticals, Lubrizol India, Rossari Biotech, Clean Science, Gharda Chemicals, Croda India, Supriya Lifescience, and Yasho Industries, among others.
- As of July 31, 2026, the company served approximately 1,600 customers and exported its products to 69 countries.
- The company is recognised as a 3 Star Export House by the Government of India and has a global distribution network covering APAC, North and South America, and Europe.
Company Strengths
- Highly diversified product portfolio used across various Application Industries
- Well established R&D capabilities driving innovation with strong pipeline of products
- Long standing relationships with a diversified customer base and strong global presence
- Experienced, Qualified and Professional Leadership Team
- Robust financial performance track record
Use of Proceeds
| 1) | Repayment and/ or pre-payment, in full or part, of certain borrowings availed by the company | 60.00 |
| 2) | General Corporate Purposes | |
| Total | 60.00 |
Objectives
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
Prasol Chemicals IPO Peer Comparison
Prasol Chemicals peer comparison with similar listed entities. (As on March 31, 2026)| Company Name | EPS (Basic) | EPS (Diluted) | NAV (per share) (Rs) | P/E (x) | RoNW (%) | P/BV Ratio | Financial statements |
|---|---|---|---|---|---|---|---|
| Prasol Chemicals Ltd. | 14.33 | 14.33 | 77.33 | - | 18.53 | - | - |
| Aarti Industries Ltd. | 11.56 | 11.55 | 164.27 | 46.75 | 7.04 | - | - |
| Atul Ltd. | 230.25 | 230.25 | 2,136.46 | 28.04 | 10.95 | - | - |
| Laxmi Organic Industries Ltd. | 2.87 | 2.86 | 71.66 | 59.74 | 4.00 | - | - |
| Vinati Organic Ltd. | 42.80 | 42.80 | 304.99 | 30.95 | 14.03 | - | - |
| Privi Speciality Chemicals Ltd. | 81.08 | 81.08 | 368.79 | 368.79 | 21.99 | - | - |
| Yasho Industries Ltd | 20.95 | 20.95 | 368.18 | 206.68 | 5.69 | - | - |
| Excel Industries Ltd | 60.19 | 60.19 | 1,354.74 | 17.12 | 4.44 | - | - |
Quick Info
| Sector | specialty chemicals |
| Exchange | BSE, NSE |
| Market Cap (Pre-IPO) | ₹4,000.80 Cr |
Important Dates
| IPO Open | Sep 08, 2026 |
| IPO Close | Sep 10, 2026 |
| Allotment Date | Sep 11, 2026 |
| Credit to Demat | Sep 15, 2026 |
| Listing Date | Tentative: Sep 16, 2026 |
Lead Manager(s)
Dam Capital Advisors Ltd.
Registrar
Description
- IPO Type: Book build issue aggregating to ₹500.00 crores.
- Issue Structure: The issue is a combination of a fresh issue of 11.83 lakh shares aggregating to ₹80.00 crores and an offer for sale of 62.13 lakh shares aggregating to ₹420.00 crores.
- IPO Dates: The issue opens for subscription on September 8, 2026 and closes on September 10, 2026.
- Allotment Date: The allotment is expected to be finalized on September 11, 2026.
- Listing Details: The shares are proposed to be listed on NSE and BSE on September 16, 2026.
- Retail Investment Requirement: Minimum 1 lot (22 shares) amounting to approximately ₹14,872 at the upper price band.
- Issue Price Band: ₹643 to ₹676 per equity share.
- Lot Size: 22 shares per lot.
This IPO offers investors an opportunity to participate in the company through a combination of a fresh issue of shares and an offer for sale by existing shareholders.