PC
Prasol Chemicals Limited IPO
Specialty Chemicals · Acetone & Phosphorous Derivatives · PICA & Pharma · Global Export
📋 Mainline IPO
Fresh + OFS
NSE, BSE
₹676
Upper Price
₹500.00 Cr
Issue Size
Sep 16, 2026
Listing Date
₹3,920.80 Cr
Market Cap (Pre)
📅 IPO Timetable
All dates tentative🟢
IPO Opens
Tuesday, 8 September 2026
Bidding starts — apply before close
🔒
IPO Closes
Thursday, 10 September 2026
Last day to bid — closes at 5:00 PM IST
📊
Basis of Allotment
Friday, 11 September 2026
Allotment finalised by registrar
🔄
Refund & Share Credit
Tuesday, 15 September 2026
Unallotted funds returned; shares credited to demat
🏷️
Wednesday, 16 September 2026
Trading begins from 10:00 AM IST
📋 IPO Details
IPO Open Date8 September 2026 (Tue)
IPO Close Date10 September 2026 (Thu)
Listing Date16 September 2026 (Wed)
Face Value₹2 per share
Price Band₹643 to ₹676
Issue Price (Upper Band)₹676 per share
Issue TypeBook Build — Fresh + OFS
Lot Size22 shares
Total Issue Size73,96,437 shares (₹500.00 Cr)
Fresh Issue11,83,431 shares (₹80.00 Cr)
Offer for Sale (OFS)62,13,006 shares (₹420.00 Cr)
Pre-Issue Shares5,80,00,000
Post-Issue Shares5,91,83,431
Promoter Holding (Pre)89.20%
Market Cap (Pre-IPO)₹3,920.80 Cr
Listing ExchangeNSE, BSE
Lead ManagerDam Capital Advisors Ltd.
RegistrarKfin Technologies Ltd.
💰 Lot Size & Minimum Investment
At upper price ₹676| Investor Type | Lots | Shares | Amount |
|---|---|---|---|
| Retail — Minimum | 1 | 22 | ₹14,872 |
| Retail — Maximum | 13 | 286 | ₹1,93,336 |
| S-HNI (sNII) — Min | 14 | 308 | ₹2,08,208 |
| S-HNI (sNII) — Max | 67 | 1,474 | ₹9,96,424 |
| B-HNI (bNII) — Min | 68 | 1,496 | ₹10,11,296 |
⚠️ Note: Investors can bid for a minimum of 22 shares and in multiples thereof. Retail individual investors can apply up to ₹2,00,000.
👥 Investor Reservation
Allocated portion of Net OfferNot more than 50%
QIB Portion
Not less than 35%
Retail Portion
Not less than 15%
NII Portion
📊 Subscription Status
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📈 Company Financials
Restated Consolidated · ₹ Crore| Metric | 31 Mar 2026 | 31 Mar 2025 | 31 Mar 2024 |
|---|---|---|---|
| Total Assets | 839.28 | 723.09 | 626.36 |
| Total Income | 1,237.85 | 1,015.54 | 887.56 |
| PAT | 83.12 | 43.57 | 18.13 |
| EBITDA | 139.32 | 87.77 | 60.53 |
| Net Worth | 448.51 | 367.46 | 325.84 |
| Reserves & Surplus | 436.91 | 355.87 | 314.24 |
| Total Borrowing | 110.06 | 101.05 | 82.07 |
Income Growth
FY 2023–24₹887.56 Cr
FY 2024–25₹1,015.54 Cr
FY 2025–26₹1,237.85 Cr
🎯 Key Performance Indicators
20.37%
ROE
FY 2025–26
0.19
Debt/Equity
FY 2025–26
22.43%
ROCE
FY 2025–26
6.74%
PAT Margin
FY 2025–26
11.30%
EBITDA Margin
FY 2025–26
18.53%
RoNW
FY 2025–26
8.74x
Price/Book
FY 2025–26
77.33
NAV
FY 2025–26
⚖️ Valuation & EPS
Pre-IPO EPS
₹14.33
FY26 earnings + pre-issue shares
P/E: 47.17xPost-IPO EPS
₹14.04
FY26 earnings + post-issue shares
P/E: 48.14xPrice to Book Value
8.74x
At upper price band ₹676
Market Cap (Pre-IPO)
₹3,920.80 Cr
At issue price ₹676
ℹ️
Pre-IPO EPS (₹14.33) based on pre-issue shares (5,80,00,000) and FY26 earnings (₹83.12 Cr). Post-IPO EPS (₹14.04) accounts for the dilution resulting from the issuance of 11,83,431 fresh equity shares extending the total post-issue equity to 5,91,83,431 shares. Post-IPO Market Cap expands to ₹4,000.80 Cr.
🎯 Objects of the Issue
Net proceeds utilisation1
Repayment and/ or pre-payment, in full or part, of certain borrowings availed by the company
₹60.00 Cr
2
General Corporate Purposes
Balance
Total Fresh Issue Goal
₹80.00 Cr
🏢 About Prasol Chemicals Ltd.
Est. 1992 · Navi Mumbai, Maharashtra · Specialty ChemicalsPrasol Chemicals Limited, incorporated in 1992, is an extensively diversified specialty chemicals manufacturer. The company commands a massive portfolio comprising over 150 unique chemical formulations, specializing predominantly in acetone-based and phosphorous-based complex derivatives.
The business maintains operations across two large-scale manufacturing facilities situated in Khopoli and Mahad, spanning over 240,000 square meters combined, delivering a massive aggregate capacity of 98,644 MT per year. Prasol supports marquee clients such as Lubrizol India, Clean Science, Alembic Pharmaceuticals, and Croda India. Penetrating heavy industrial verticals including PICA (paints, inks, construction, adhesives), agrochemicals, and pharma, the company caters to over 1,600 global customers. Recognized as a 3 Star Export House by the Indian Government, its distribution channels robustly cover 69 countries across APAC, the Americas, and Europe.
Brand Ecosystem
⚗️
Specialty Portfolio
Over 150 complex chemicals including 21 acetone-based and 53 phosphorous-based derivatives
🏭
Manufacturing Capabilities
Operating massive 98,644 MT annual capacity plants across Khopoli and Mahad
🌐
Global Distribution
Servicing 1,600+ customers with aggressive exports to 69 countries across APAC, Europe & Americas
🧪
Diverse Application
Feeding key sectors including PICA, performance chemicals, pharmaceuticals, and agrochemicals
Competitive Strengths
🏆Highly diversified product portfolio insulating business against single-industry demand fluctuations
🔬Well-established R&D capabilities driving complex innovations and a strong forward pipeline of formulations
🤝Long-standing, deeply entrenched relationships with marquee clients like Lubrizol and Clean Science
📈Robust financial trajectory highlighting a 91% PAT scale-up and an asset base reaching ₹839 Cr in FY26
Company Promoters
NS
Nishith Rajnikant Shah & Gaurang Natwarlal Parikh
Promoters, Prasol Chemicals Ltd.
DP
Dhaval Nalin Parikh, Pankil Dharia & Others
Promoters, Prasol Chemicals Ltd.
📅 Key Dates
IPO Opens08 Sep 2026
IPO Closes10 Sep 2026
Allotment11 Sep 2026
Refund & Share Credit15 Sep 2026
Listing Day16 Sep 2026
💡 Quick Summary
Price Band₹643 – ₹676
Upper Price₹676 / share
Lot Size22 shares
Min. Investment (Retail)₹14,872
Issue Size₹500.00 Cr
ListingBSE, NSE
🏦 Registrar & Lead Manager
Lead Manager
Dam Capital Advisors Ltd.
📍 Registered Address
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
📞 +91 22 6195 2500
[email protected]
Prasol House, Plot No A – 17/2/3,
T. T. C, Industrial Area, Khairne M.I.D.C.,
Navi Mumbai, Thane, Maharashtra — 400710
📞 +91 22 6195 2500
[email protected]
🛡️ Regulatory Note: Mainline IPO investments are subject to SEBI regulations. Always read the Prospectus/RHP before applying. Consult a SEBI-registered advisor before investing.
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Disclaimer: This page presents publicly available information from the Prasol Chemicals IPO RHP for informational purposes only. It does not constitute investment advice. IPO investments are subject to market risk. Please read all offer documents and consult a SEBI-registered advisor before investing.
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