Summary
Prasol Chemicals IPO is a ₹500 crore book-built mainboard issue priced at ₹643 to ₹676 per share. It opens on 8 September and closes on 10 September 2026.
The issue has a ₹80 crore fresh issue and ₹420 crore offer for sale. One lot contains 22 shares, requiring ₹14,872 at the upper price.
Revenue from operations rose from ₹876.57 crore in FY2024 to ₹1,232.59 crore in FY2026, while PAT increased from ₹18.13 crore to ₹83.12 crore.
Key risks include dependence on two Maharashtra plants, past operational incidents, raw material exposure and lower utilisation at the Mahad facility.
Prasol Chemicals IPO is a ₹500 crore book-built mainboard issue. It comprises a fresh issue of ₹80 crore and an offer for sale of ₹420 crore.
Bidding opens on 8 September 2026 and closes on 10 September. The allotment is expected to be finalised on 11 September, followed by listing on BSE and NSE on 16 September 2026. The price band is ₹643 to ₹676 per share.
One lot contains 22 shares, making the minimum retail investment ₹14,872 at the upper price. Retail investors can apply for up to 13 lots, or 286 shares, amounting to ₹1,93,336. S-HNI applications start at 14 lots, or 308 shares, requiring ₹2,08,208. B-HNI applications start at 68 lots, or 1,496 shares, amounting to ₹10,11,296.
Prasol Chemicals IPO Details
The key details of the Prasol Chemicals IPO are listed below:
| Particulars | Details |
| IPO Open Date | 8 September 2026 |
| Close Date | 10 September 2026 |
| Face value | ₹2 per share |
| Price Band | ₹643 to ₹676 per share |
| Issue price | Not yet finalised |
| IPO Lot Size | 22 shares |
| Offer for sale | Up to ₹420 crore |
| Fresh issue | Up to ₹80 crore |
| Issue Type | Book Built Mainboard IPO |
| Listing at | BSE, NSE |
| Total Issue Size (₹ Crore) | ₹500 crore |
| Minimum Investment | ₹14,872 for 22 shares at ₹676 |
Prasol Chemicals IPO Timeline
The scheduled IPO dates are listed below:
| Particulars | Date |
| IPO Open Date | 8 September 2026 |
| IPO Close Date | 10 September 2026 |
| Tentative Allotment | 11 September 2026 |
| Initiation of Refunds | 15 September 2026 |
| Credit of Shares to Demat | 15 September 2026 |
| Tentative Listing Date | 16 September 2026 |
| Cut-off time for UPI mandate confirmation | 5:00 PM on 10 September 2026 |
Prasol Chemicals Key Performance Indicator
The key performance indicators for Prasol Chemicals are listed below:
| KPI | FY2024 | FY2025 | FY2026 |
| ROE | 5.71% | 12.57% | 20.37% |
| ROCE | 12.61% | 14.95% | 22.43% |
| Debt Equity | 0.22x | 0.23x | 0.19x |
| RoNW | 5.56% | 11.86% | 18.53% |
| PAT Margin | 2.07% | 4.30% | 6.74% |
| EBITDA margin | 6.91% | 8.67% | 11.30% |
| Price Book Value | – | – | – |
Note: ROE reflects adjusted RoAE, while Debt Equity reflects net debt to equity.
Prasol Chemicals IPO Financials
The financial performance for the latest three financial years is shown below:
| ₹ crore | FY2024 | FY2025 | FY2026 |
| Revenue from operations | 876.57 | 1,012.49 | 1,232.59 |
| Total Asset | 626.36 | 723.09 | 839.28 |
| Profit After Tax | 18.13 | 43.57 | 83.12 |
Prasol Chemicals India IPO Subscription Status
| Date | QIB (Ex Anchor) | NII | Retail | Total |
|---|---|---|---|---|
| Sep 8 (Day 1) | 0.00 | 0.33 | 0.74 | 0.44 |
| Sep 9 (Day 2) | 0.05 | 0.59 | 1.08 | 0.68 |
Prasol Chemicals IPO Grey Market Premium (GMP Today)
The latest GMP and recent movement for the Prasol Chemicals IPO are shown below:
| GMP Date | GMP | Est. Listing Price (cap price + GMP) | Est. Profit* | Last Updated |
|---|---|---|---|---|
| 09-09-2026 | ₹0 ▼ | ₹676 (0.00%) | ₹0 | 9-Sep-2026 13:59 |
| 08-09-2026 Open | ₹30 ▼ | ₹706 (4.44%) | ₹660 | 8-Sep-2026 23:28 |
| 07-09-2026 | ₹55 ▼ | ₹731 (8.14%) | ₹1,210 | 7-Sep-2026 23:31 |
| 06-09-2026 | ₹115 ▼ | ₹791 (17.01%) | ₹2,530 | 6-Sep-2026 23:32 |
| 05-09-2026 | ₹125 ▼ | ₹801 (18.49%) | ₹2,750 | 5-Sep-2026 23:28 |
| 04-09-2026 | ₹165 ▲ | ₹841 (24.41%) | ₹3,630 | 4-Sep-2026 23:32 |
| 03-09-2026 | ₹14 ─ | ₹690 (2.07%) | ₹308 | 3-Sep-2026 23:32 |
Note: GMP (Grey Market Premium) values are sourced from the grey market and are subject to rapid change based on demand, subscription status and market sentiment.
Prasol Chemicals IPO Reservation
The reservation details for the Prasol Chemicals IPO are given below:
| Investor Category | Shares Offered |
| Market Maker Shares Offered | Not applicable |
| QIB Shares Offered | Not more than 50% of the offer |
| NII (HNI) Shares Offered | Not less than 15% of the offer |
| Retail Shares Offered | Not less than 35% of the offer |
| Total Shares Offered | 73,96,437 shares at the upper price band |
Prasol Chemicals IPO Lot Size
The application requirements at the upper price band are shown below:
| Application | Lots | Shares | Amount |
| Individual investors (Retail) (Min) | 1 | 22 | ₹14,872 |
| Individual investors (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 |
Prasol Chemicals IPO Anchor Investors
Prasol Chemicals IPO anchor investor allocation has not yet been announced. The anchor bidding date is 7 September 2026.
The anchor investment amount, shares allocated and investor list will be available after the anchor allocation is announced.
Prasol Chemicals IPO Prospectus
The available IPO documents are listed below:
About Prasol Chemicals
- Founded in: 24 January 1992
- Managing Director: Gaurang Natwarlal Parikh
- Services they Provide: Manufacturing and supplying specialty chemicals used across performance chemicals, paints, inks, construction and adhesives, pharmaceuticals, agrochemicals and home and personal care.
Prasol Chemicals Limited was originally incorporated as Prachi Poly Products Private Limited in 1992. The company adopted the Prasol Chemicals Limited name in 2007 and operates in the specialty chemicals industry.
Its portfolio includes more than 150 specialty chemicals. This consists of 21 acetone-based chemicals, 53 phosphorous-based chemicals and 76 other specialty chemicals such as surfactants, esters and acids.
The company has two manufacturing facilities in Maharashtra, located at Khopoli and Mahad. Their aggregate installed capacity stood at 98,644 metric tonnes per year in FY2026.
Prasol Chemicals served 1,618 customers during FY2026 and sells its products across international markets. Its exports reach 69 countries across six continents. The company also has an in-house R&D team of 37 members and a pipeline of 40 products as of June 2026.
The issue intermediaries are listed below:
| Particulars | Name |
| Book running lead manager | DAM Capital Advisors Limited |
| Registrar of the issue | KFin Technologies Limited |
Objectives of the Prasol Chemicals
The proposed use of the fresh issue proceeds is shown below:
| Objective | Amount |
| Repayment and/or pre-payment, in full or part, of certain borrowings | ₹60 crore |
| General corporate purposes | Balance amount |
The ₹420 crore offer for sale proceeds will go to the selling shareholders and not to the company.
Strength Of Prasol Chemicals
- Diversified product portfolio: Prasol Chemicals manufactures more than 150 specialty chemicals used across five major application industries.
- Large customer and geographic base: The company served 1,618 customers in FY2026 and has an export presence across 69 countries.
- Research and development capabilities: Its R&D team had 37 members as of June 2026. The company had 40 products under development and had commercialised 13 new products since April 2023.
- Manufacturing capacity: The Khopoli and Mahad facilities had an aggregate installed capacity of 98,644 metric tonnes per year in FY2026.
- Presence in specialised chemistries: The company was the largest importer of acetone in India and the only domestic manufacturer of isophorone during the period covered in the offer document.
Risk of Prasol Chemicals
- Dependence on manufacturing facilities: The company operates through two facilities in Maharashtra. Disruptions at either plant can affect production and sales.
- Past operational incidents: The Mahad facility faced an extended shutdown following an industrial incident. Manufacturing chemicals also involves safety and environmental compliance risks.
- Lower Mahad utilisation: Capacity utilisation at the Mahad facility stood at 44.09% in FY2026, compared with 80.29% at Khopoli.
- Raw material exposure: Key inputs include acetone and phosphorous-based raw materials. Changes in their availability, import conditions or prices can affect production costs.
- Cash flow movement: Cash flow from operating activities was ₹115.61 crore in FY2024, ₹22.26 crore in FY2025 and ₹49.47 crore in FY2026.
- Contingent liabilities and commitments: These stood at ₹109.12 crore as of 31 March 2026, equal to 24.33% of net worth.
Prasol Chemicals IPO Review
Prasol Chemicals recorded revenue from operations of ₹876.57 crore in FY2024, which increased to ₹1,232.59 crore in FY2026. PAT rose from ₹18.13 crore to ₹83.12 crore during the same period. Operating EBITDA margin improved from 6.91% to 11.30%, while adjusted ROCE reached 22.43% in FY2026.
The IPO has a ₹500 crore issue size, but ₹420 crore comes through an offer for sale. Of the ₹80 crore fresh issue, ₹60 crore is planned for repayment or pre-payment of borrowings. Investors should also consider manufacturing and raw material risks, past plant incidents, lower utilisation at Mahad and contingent liabilities before assessing the issue.
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Prasol Chemicals IPO FAQs
Prasol Chemicals IPO is a ₹500 crore book-built mainboard issue. It consists of a ₹80 crore fresh issue and a ₹420 crore offer for sale, with a price band of ₹643 to ₹676 per share.
Investors can apply through the IPO section of their broker or an ASBA-enabled bank. Select the IPO, enter the required lots and authorise the application amount.
Prasol Chemicals reported higher revenue and PAT between FY2024 and FY2026. However, manufacturing risks, raw material exposure, lower Mahad utilisation and the large OFS portion should also be considered.
IPO returns are not fixed or guaranteed. The actual return will depend on the final issue price and the price at which the shares trade after listing.
Prasol Chemicals IPO opens on 8 September 2026 and closes on 10 September 2026.
One lot contains 22 shares. The minimum retail application requires ₹14,872 at the upper price band of ₹676.
Open the IPO section of a broker or use an ASBA-enabled bank account. Select Prasol Chemicals IPO, choose the number of lots and complete the payment authorisation.
The tentative allotment date for Prasol Chemicals IPO is 11 September 2026.
Prasol Chemicals IPO is expected to list on BSE and NSE on 16 September 2026.
