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IPO Open

Tue, Sep 8, 2026

IPO Close

Thu, Sep 10, 2026

Price Band

₹643 to ₹676

Market Cap*

₹4,000.80 Cr * on Upper Price

IPO Details

  • IPO Date
    8 to 10 Sep, 2026
  • Listing Date
    Wed, Sep 16, 2026
  • Face Value
    ₹2 per share
  • Price Band
    ₹643 to ₹676
  • Lot Size
    22 Shares
  • Sale Type
    Fresh capital cum OFS
  • Issue Type
    Bookbuilding IPO
  • Listing At
    BSE, NSE
  • Total Issue Size
    73,96,437 shares (agg. up to ₹500 Cr)
  • Fresh Issue
    11,83,431 shares (agg. up to ₹80 Cr)
  • Offer for Sale
    62,13,006 shares of ₹2 (agg. up to ₹420 Cr)
  • Share Holding Pre Issue
    5,80,00,000 shares
  • Share Holding Post Issue
    5,91,83,431 shares

  • IPO Open
    Tue, Sep 8, 2026
  • Allotment
    Fri, Sep 11, 2026
  • Credit of Shares
    Tue, Sep 15, 2026
  • IPO Close
    Thu, Sep 10, 2026
  • Refund
    Tue, Sep 15, 2026
  • Listing
    Wed, Sep 16, 2026

Issue Reservation

Investor Category Shares
QIB Not more than 50% of the Offer
Retail Not less than 35% of the Offer
NII Not less than 15% of the offer

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 ₹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

About Prasol Chemicals Ltd.

Incorporated in 1992, Prasol Chemicals operates in the specialty chemicals industry. The company manufactures over 150 specialty chemicals, including acetone-based, phosphorous-based, and other complex chemicals. Its product portfolio includes 21 acetone-based chemicals, 53 phosphorous-based chemicals, and 76 other specialty chemicals (e.g. surfactants, esters, acids).

The products serve 5 major industries, including Performance chemicals (like lubricant and mining additives), paint, inks, construction, and adhesives (PICA), pharmaceuticals, agrochemicals, and home and personal care.

Manufacturing Facility: The company operates two manufacturing facility in Khopoli across 1,20,604 sq. m., Mahad across 1,19,423 sq. mt with an aggregate capacity of 98,644 MT per year.

Key customers: Alembic Pharmaceuticals, Lubrizol India, Rossari Biotech, Clean Science, Gharda Chemicals, Croda India, Supriya Lifescience, Yasho Industries, etc. As of July 31, 2026, the company served 1600 customers and exports to 69 countries.

It is certified as a 3 Star Export House by the Indian government and have a strong global distribution network across APAC, North and South America, and Europe.

Competitive 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(Updated on Sep 3, 2026)

Company Financials (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.  (Amount in ₹ Crore)

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

Note:-

FY 2026 financials are on standalone basis

Operating EBITDA is given.

IPO Objects of the Issue

The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:

  • # Issue Objects
    Est Amt (₹ Cr.)
  • 1 Repayment and/ or pre-payment, in full or part, of certain borrowings availed by our Company
    60.00
  • 2 General corporate purposes
  • Total
    60.00

Key Performance Indicator (KPI)

KPI 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

IPO Valuation

Valuation Metric Pre IPO Post IPO
EPS (₹) 14.33
Market Cap at Offer Price ₹4,000.80 Cr

Shareholding Structure

Category Pre IPO Post IPO
Promoter and Promoter Group 89.2% 77.51%
Public 10.80% 22.49%
Total 100% 100%

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 and Usha Rajnikant Shah.

Offer For Sale – Selling Shareholders

Name Category Estimated Amount (₹ cr.)
Usha Rajnikant Shah (held jointly with Nishith Rajnikant Shah & Shah Sandhya Nishith) Promoter 120.00
Tushar Natverlal Dharia (HUF) Promoter 51.52
Gaurang Natwarlal Parikh (HUF) Promoter 18.54
Bhisham Kumar Gupta (held jointly with Raksha Bhisham Gupta) Promoter 39.03
Nishith Rasiklal Dharia (held jointly with Sonal Nishith Dharia) Promoter 32.00

*Estimated Amount (₹ cr.) shown until the actual number of shares offered in OFS is entered.

IPO Registrar

Kfin Technologies Ltd.

IPO Lead Manager(s)

  1. Dam Capital Advisors Ltd.

Lead Manager Reports

  • Lead Manager Performance Summary
  • Lead Manager Performance Tracker

Contact Details

Prasol Chemicals Ltd. Address
Prasol House, Plot No A – 17/2/3,
T. T. C, Industrial Area, Khairne M.I.D.C.,
Navi Mumbai,
Thane, Maharashtra, 400710

IPO FAQs

Prasol Chemicals IPO is a main-board IPO of 73,96,437 equity shares of the face value of ₹2 aggregating up to ₹500 Crores. The issue is priced at ₹643 to ₹676. The minimum order quantity is 22.

The IPO opens on Tue, Sep 8, 2026, and closes on Thu, Sep 10, 2026.

Kfin Technologies Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.

Angel One customers can apply online in Prasol Chemicals IPO using UPI as a payment gateway. Angel One customers can apply in Prasol Chemicals IPO by login into Angel One Console (back office) and submitting an IPO application form.

Steps to apply in Prasol Chemicals IPO through Angel One

Visit the Angel One website and login to Console.
Go to Portfolio and click the IPOs link.
Go to the ‘Prasol Chemicals IPO’ row and click the ‘Bid’ button.
Enter your UPI ID, Quantity, and Price.
Submit IPO application form.
Visit the UPI App (net banking or BHIM) to approve the mandate.
Visit Angel One IPO Application Process Review for more detail.

The Prasol Chemicals IPO opens on Tue, Sep 8, 2026 and closes on Thu, Sep 10, 2026.

Prasol Chemicals IPO lot size is 22, and the minimum amount required for application is ₹14,872.

You can apply in Prasol Chemicals IPO online using either UPI or ASBA as a payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO Application is offered by brokers who don’t offer banking services. Read more detail about applying IPO online through Angel One, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.

The finalization of Basis of Allotment for Prasol Chemicals IPO will be done on Friday, September 11, 2026, and the allotted shares will be credited to your demat account by Tue, Sep 15, 2026. Check the Prasol Chemicals IPO allotment status.

The Prasol Chemicals IPO listing date is not yet announced. The tentative date of listing is Wed, Sep 16, 2026.

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