Prasol Chemicals IPO 2026
Prasol Chemicals Limited IPO is a Mainboard book-built issue. Explore IPO dates, price band, lot size, issue size, company profile, financial performance, strengths, risks and allotment status.
Prasol Chemicals IPO Profile
Prasol Chemicals Limited is a specialty chemicals manufacturer incorporated in 1992. The company manufactures acetone-based, phosphorus-based and other specialty chemicals involving complex and differentiated chemistries.
The company is coming out with a ₹500 crore Mainboard IPO, consisting of a fresh issue of approximately ₹80 crore and an Offer for Sale (OFS) of approximately ₹420 crore.
Prasol Chemicals IPO Details
*Minimum investment calculated using the upper price band: 22 shares × ₹676 = ₹14,872.
Prasol Chemicals IPO Timeline
| Event | Tentative Date |
|---|---|
| IPO Open Date | 8 September 2026 |
| IPO Close Date | 10 September 2026 |
| Basis of Allotment | 11 September 2026 |
| Refund Initiation | 15 September 2026 |
| Credit of Shares to Demat | 15 September 2026 |
| IPO Listing Date | 16 September 2026 |
Prasol Chemicals IPO Lot Size
| Investor Category | Lots | Shares | Amount |
|---|---|---|---|
| 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 Limited
Prasol Chemicals Limited was incorporated in 1992 and operates in India's specialty chemicals industry. The company is a forward-integrated manufacturer of acetone-based, phosphorus-based and other complex specialty chemicals.
As of June 2026, the company's portfolio included more than 150 specialty chemical products, including acetone-based, phosphorus-based and other specialty chemicals.
Its products are used across several industries including performance chemicals, lubricants, mining additives, paints, inks, construction and adhesives, pharmaceuticals, agrochemicals, and home & personal care.
Key Business Highlights
- More than 33 years of experience in specialty chemicals.
- Portfolio of over 150 specialty chemical products.
- Products supplied to more than 1,600 customers.
- Exports products to around 69 countries.
- Manufacturing facilities located at Khopoli and Mahad in Maharashtra.
- Combined installed manufacturing capacity of approximately 98,644 MT per annum.
- Dedicated research and development capabilities.
- Diversified presence across multiple end-user industries.
Prasol Chemicals Financial Performance
Financial figures below are in ₹ crore.
| Particulars | FY 2024 | FY 2025 | FY 2026 |
|---|---|---|---|
| Total Income / Revenue | ₹887.56 Cr | ₹1,015.54 Cr | ₹1,237.85 Cr |
| Profit After Tax | ₹18.13 Cr | ₹43.57 Cr | ₹83.12 Cr |
| EBITDA | ₹60.53 Cr | ₹87.77 Cr | ₹139.32 Cr |
| Total Assets | ₹626.36 Cr | ₹723.09 Cr | ₹839.28 Cr |
| Net Worth | ₹325.84 Cr | ₹367.46 Cr | ₹448.51 Cr |
| Total Borrowings | ₹82.07 Cr | ₹101.05 Cr | ₹110.06 Cr |
Objects of the IPO
The company intends to utilise proceeds from the fresh issue primarily for:
- ₹60 crore: Repayment and/or pre-payment of certain borrowings availed by the company.
- General Corporate Purposes: Remaining eligible fresh issue proceeds may be used towards general corporate purposes.
Prasol Chemicals IPO Strengths & Risks
✓ Strengths
- Established specialty chemical manufacturer with more than three decades of industry experience.
- Diversified portfolio of more than 150 specialty chemical products.
- Strong customer diversification with more than 1,600 customers.
- International presence with exports across approximately 69 countries.
- Diversified revenue base across performance chemicals, PICA, pharmaceuticals, agrochemicals and personal care industries.
- Strong research and development capabilities supporting development of new formulations and specialty products.
- Revenue and profitability have shown strong improvement during FY2024–FY2026.
⚠ Risks
- The company's manufacturing operations are concentrated at two facilities in Maharashtra.
- Any shutdown, accident, regulatory action or operational disruption at manufacturing plants could affect production.
- Specialty chemical manufacturing involves hazardous raw materials and chemicals, creating safety and environmental risks.
- The company depends on certain key raw-material suppliers and changes in input prices may affect margins.
- The prices of several chemicals may be influenced by global market conditions and competition.
- Foreign-market sales expose the company to international demand, currency and regulatory risks.
- ₹420 crore of the ₹500 crore IPO is an Offer for Sale; proceeds from the OFS will go to selling shareholders rather than the company.
Prasol Chemicals IPO Allotment Status
The basis of allotment for Prasol Chemicals IPO is tentatively scheduled for 11 September 2026.
Once allotment is finalised, investors can check their status using PAN, application number or Demat details on the registrar's website.
Check Prasol Chemicals IPO Allotment Status