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Prasol Chemicals IPO Details

Bookbuilding IPO | ₹500 Cr | Listing at BSE, NSE |

SEBI has approved the Initial Public Offer (IPO) of Prasol Chemicals Ltd. on March 25, 2026. The company will proceed with next steps to launch the Initial Public Offer (IPO) subject to market conditions and other approvals. The SEBI approval is valid for 12 months.

Prasol Chemicals Ltd. IPO is a Book Build Issue of ₹500.00 crores consisting of a fresh issue of shares worth Rs ₹80.00 crores and an offer for sale (OFS) of ₹420.00 crores.

The equity shares are proposed to be listed on NSE and BSE. Dam Capital Advisors Ltd. is the book running lead manager and Kfin Technologies Ltd. is the registrar of the issue. Key details like IPO dates, IPO price bands and lot size are yet to be announced.
Refer to Prasol Chemicals IPO DRHP for more details.

IPO Details

IPO Date

[.]
Listing Date

[.]
Face Value

₹2 per share
Price Band
Lot Size
Sale Type

Fresh capital cum OFS
Issue Type

Bookbuilding IPO
Listing At

BSE, NSE

Total Issue Size

[.] shares (agg. up to ₹500 Cr)
Fresh Issue

[.] shares (agg. up to ₹80 Cr)
Offer for Sale

[.] shares of ₹2 (agg. up to ₹420 Cr)
Share Holding Pre Issue

5,80,00,000 shares

IPO DRHP Status

Description	Date
Filed with SEBI/Exchange	Tue, Oct 14, 2025
SEBI/Exchange approval received	Wed, Mar 25, 2026

Issue Reservation

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

About Prasol Chemicals Ltd.

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 1,18,004 sq. m., Mahad across 79,423 sq. mt with an aggregate capacity of 87,914 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, 2025, we served 1,107 customers in 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

Company Financials (Restated Consolidated)

Prasol Chemicals Ltd.’s revenue increased by 14% and profit after tax (PAT) rose by 140% between the financial year ending with March 31, 2025 and March 31, 2024.

Period Ended	30 Jun 2025	31 Mar 2025	31 Mar 2024	31 Mar 2023
Assets	798.18	723.09	626.36	692.54
Total Income	320.44	1,015.54	887.56	932.59
Profit After Tax	24.34	43.57	18.13	48.59
EBITDA	40.60	87.77	60.53	86.95
NET Worth	391.69	367.46	325.84	309.22
Reserves and Surplus	380.11	355.87	314.24	297.62
Total Borrowing	129.57	101.05	82.07	185.63
Amount in ₹ Crore

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

Key Performance Indicator (KPI)

KPI	Mar 31, 2025
ROE	12.57%
ROCE	14.95%
Debt/Equity	0.23
RoNW	11.86%
PAT Margin	4.30%
EBITDA Margin	8.67%

	Pre IPO	Post IPO
Promoter Holding	47.94%

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 are the company promoters.

IPO Registrar

Kfin Technologies Ltd.

04067162222, 04079611000
prasol.ipo@kfintech.com
Visit Website

IPO Lead Manager(s)

Dam Capital Advisors Ltd. (Past IPO Performance)

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

+91 22 6195 2500
investorservices@prasolchem.com
Visit Website

IPO FAQs

What is the Prasol Chemicals IPO?

Prasol Chemicals IPO is a main-board IPO of 0 equity shares of the face value of ₹2 aggregating up to ₹500 Crores. The issue is priced at To be declared. The minimum order quantity is .

The Prasol Chemicals IPO open and close dates are not available as of now.

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

How to apply in Prasol Chemicals IPO through Angel One ?

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.

When Prasol Chemicals IPO will open?

The Prasol Chemicals IPO dates are not announced. Please check back again after some time.

What is the lot size of Prasol Chemicals IPO?

Prasol Chemicals IPO lot size and the minimum order quantity is not available at this time. Please check again later.

How to apply for Prasol Chemicals IPO?

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.

When is Prasol Chemicals IPO allotment?

The finalization of Basis of Allotment for Prasol Chemicals IPO will be done on [.], and the allotted shares will be credited to your demat account by . Check the Prasol Chemicals IPO allotment status.

When is Prasol Chemicals IPO listing date ?

The Prasol Chemicals IPO listing date is not yet announced. The tentative date of listing is .