Prasol Chemicals Limited is a specialty chemicals manufacturer with over 33 years of experience, offering 150+ products across acetone-based, phosphorous-based and other specialty chemicals. Its products serve diverse industries including pharmaceuticals, agrochemicals, performance chemicals, PICA, and home & personal care.
The company’s products cater to five key application segments:
- Performance Chemicals
- PICA (Paints, Inks, Construction & Adhesives)
- Pharmaceuticals
- Agrochemicals
- Home & Personal Care
Its products are used across 20+ industries, including water treatment, oilfield, defence, polymers, electronics, electroplating, rubber, leather, textile and paper auxiliaries.
Prasol Chemicals operates two facilities in Khopoli and Mahad, Maharashtra, with a combined installed capacity of 98,644 MT per annum. Both facilities are certified under ISO 9001:2015, ISO 45001:2018 and ISO 14001:2015.
Prasol serves 1,618 customers across domestic and international markets, including Alembic Pharmaceuticals, Auchtel Products, Bharat Rasayan, Carl Bechem Lubricants, Clean Science and Technology, Croda India, Coromandel International, Gharda Chemicals, Lubrizol India, MSN Laboratories and others.
Prasol has a global presence, exporting to 69 countries across APAC, North America, South America and Europe. It is recognised as a Three-Star Export House and holds ISO and REACH certifications.
As of March 31, 2026, Prasol Chemicals had an employee strength of 775, including a 37-member R&D team.
Prasol Chemicals IPO – Details
| IPO Opening Date | 08 September 2026 |
| IPO Closing Date | 10 September 2026 |
| Issue Type | Book Built Issue IPO |
| Issue Size | Total Issue Size: 73,96,437 Shares Worth ₹500.00 Crore Fresh Issue: 11,83,431 Shares Worth ₹80.00 Crore Offer For Sale: 62,13,006 Shares Worth ₹420.00 Crore |
| Face Value | ₹2 per equity share |
| IPO Price | ₹643 – ₹676 per share |
| Market Lot | 22 Shares |
| Min Order | 22 Shares [1 Lot] |
| Listing At | BSE, NSE |
| Register | Kfin Technologies Ltd. |
| QIB Shares Offered | 50% |
| NII (HNI) Shares Offered | 15% |
| Retail Shares Offered | 35% |
Prasol Chemicals IPO – Date Schedule
| IPO Open Date | 08 September 2026 |
| IPO Close Date | 10 September 2026 |
| Basis of Allotment | 11 September 2026 |
| Initiation of Refund | 15 September 2026 |
| Credit of Shares to Demat Account | 15 September 2026 |
| IPO Listing Date | 16 September 2026 |
| Cut-off time for UPI mandate confirmation | 5 PM on September 10, 2026 |
Prasol Chemicals IPO – Lots Size & Price
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 22 | ₹14,872 |
| Retail (Max) | 13 | 286 | ₹1,93,336 |
| S-HNI (Min) | 14 | 308 | ₹2,08,208 |
| S-HNI (Max) | 67 | 1,474 | ₹9,96,424 |
| B-HNI (Min) | 68 | 1,496 | ₹10,11,296 |
Competitive Strength
- 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.
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
- Usha Rajnikant Shah
Company Financials
| Particulars | Total Revenue | Total Expense | Profit After Tax | Total Borrowing |
|---|---|---|---|---|
| 31 March 2024 (Consolidated) | ₹887.56 Cr | ₹848.28 Cr | ₹18.13 Cr | ₹82.07 Cr |
| 31 March 2025 (Consolidated) | ₹1,015.54 Cr | ₹956.25 Cr | ₹43.57 Cr | ₹101.05 Cr |
| 31 March 2026 (Standalone) | ₹1,237.85 Cr | ₹1,125.95 Cr | ₹83.12 Cr | ₹110.06 Cr |
Key Performance Indicator
| KPI | Values (Mar 31, 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 |
| Pre IPO | Post IPO | |
| EPS (₹) | 14.33 | – |
| P/E (x) | – | – |
Object Of The Issue
| Objects of the Issue | Expected Amount (₹ in crores) |
|---|---|
| Repayment and/ or pre-payment, in full or part, of certain borrowings availed by the company. | ₹60.00 |
| General corporate purposes. |
Prasol Chemicals IPO Peer Comparison
| S. No. | Face Value (₹) | Company Name | P/E Ratio |
|---|---|---|---|
| 1 | 5 | Aarti Industries Limited | 46.79 |
| 2 | 10 | Atul Limited | 28.04 |
| 3 | 2 | Laxmi Organic Industries Limited | 59.95 |
| 4 | 1 | Vinati Organic Limited | 30.95 |
| 5 | 10 | Privi Speciality Chemicals Limited | 42.67 |
| 6 | 10 | Yasho Industries Limited | 206.68 |
| 7 | 5 | Excel Industries Limited | 17.12 |
✅Strengths
- Diversified Portfolio with 150+ specialty chemicals.
- Global Presence across 69 countries.
- Strong R&D with a 37-member team.
- Specialised Products including isophorone manufacturing.
⚠️Risks
- Raw Material Volatility in acetone and yellow phosphorus prices.
- Customer Concentration with top 10 customers contributing 23.68% of FY2026 revenue.
- Industry Dependence on demand from key end-user industries.
- Global Competition from established chemical players.
Prasol Chemicals IPO Promoter Holding
| Pre Issue Share Holding | 89.20% |
| Post Issue Share Holding | 77.51% |
Prasol Chemicals IPO Prospectus
Company Contact Information
| 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: https://www.prasolchem.com/ |
Prasol Chemicals IPO Registrar
| Kfin Technologies Ltd. Phone: 040-79615565 Email: prasol.ipo@kfintech.com Website: https://ipostatus.kfintech.com/ |
Prasol Chemicals IPO Lead Manager(s)
| 1. DAM Capital Advisors Limited |
Prasol Chemicals IPO FAQs
| What is the Prasol Chemicals IPO? Prasol Chemicals IPO is a main-board IPO. The issue is priced at ₹643 to ₹676 per equity share. The IPO is to be listed on the BSE & NSE. |
| When will the Prasol Chemicals IPO open? The IPO is to open on 08 September 2026 for QIB, NII, and Retail Investors. |
| What is Prasol Chemicals IPO Investors Portion? The investors’ portion for QIB – 50%, NII – 15%, and Retail – 35%. |
| What is the Prasol Chemicals IPO Size? Prasol Chemicals IPO size is ₹500.00 Crore. |
| What are the Prasol Chemicals IPO Minimum and maximum lot sizes for Retail? The minimum bid is 22 Shares with ₹14,872, while the maximum bid is 286 Shares with ₹1,93,336. |
| What is the Prasol Chemicals IPO Allotment Date? Prasol Chemicals IPO allotment date is 11 September 2026. |
| What is the Prasol Chemicals IPO Listing Date? Prasol Chemicals IPO listing date is 16 September 2026. The IPO is to be listed on the BSE and the NSE. |
