Prasol Chemicals Limited
Bookbuilding IPO · NSE, BSE
- Price band
- ₹643–676
- Lot size
- 22 shares
- Issue amount
- ₹500 cr
- Total subscription
- 3.47×
- Opens
- 8 Sept 2026
- Closes
- 10 Sept 2026
- Allotment
- 11 Sept 2026
- Listing
- 16 Sept 2026
Offer at a glance
Issue overview
- Issue size
- 73,96,437 shares
- Face value
- ₹2 Per Share
- Minimum investment
- ₹14,146
- Fresh issue
- ₹80 cr
- Offer for sale
- ₹420 cr
- Registrar
- Kfin Technologies Limited
- Listing exchange
- NSE, BSE
- Maximum investment
- ₹14,872
- Issue type
- Bookbuilding IPO
- Shares before issue
- 5,80,00,000
- Shares after issue
- 5,91,83,431
Lot sizes
| Category | Lots | Shares | Amount |
|---|---|---|---|
| RETAIL | 1 | 22 | ₹14,872 |
| sHNI | 14 | 308 | ₹2,08,208 |
| bHNI | 68 | 1,496 | ₹10,11,296 |
Share reservation
Subscription & GMP
Subscription by category
Reported 10 Sept 2026
GMP history
Day-wise demand
Application-wise demand
| Category | Reserved applications | Applied applications |
|---|---|---|
| RETAIL | 1,17,671 | 1,77,327 |
| HNIs(10L +) | 2,401 | 522 |
| HNIs (2-10L) | 1,201 | 3,687 |
Subscription demand
Amounts in ₹ crore. HNI subcategories are included in the NII total.
| Category | Offered | Demand |
|---|---|---|
| QIBs | 100 | 759.02 |
| RETAIL | 175 | 313.61 |
| HNIs 2+ | 25 | 80.68 |
| HNIs 10+ | 50 | 60.95 |
Financial performance
Company financials
In Crores · Reported periods may include interim results.
Key performance indicators
| Metric | Mar-26 | Mar-25 | Mar-24 |
|---|---|---|---|
| EPS | 14.33 | 7.51 | 3.13 |
| ROE | 0 | 0 | 0 |
| ROCE | 0 | 0 | 0 |
| RONW | 18.53 | 11.86 | 5.56 |
| PRE IPO(PE) | 47.17 | 0 | 0 |
| POST IPO(PE) | 0 | 0 | 0 |
Values and labels as reported in the issue data.
Peer comparison
| Company | P/E(X) | CMP* (₹) | Face value (₹) | NAV/Share (₹) | RONW(%) | EPS (Basic) (₹) |
|---|---|---|---|---|---|---|
| Aarti Industries Limited | 46.79 | 0 | 5 | 164.27 | 7.04 | 11.56 |
| Prasol Chemicals Limited | 47.17 | 0 | 2 | 77.33 | 18.53 | 14.33 |
| Atul Limited | 28.04 | 0 | 10 | 2,136.46 | 10.95 | 230.25 |
| Laxmi Organic Industries Limited | 59.95 | 0 | 2 | 71.66 | 4.00 | 2.87 |
| Vinati Organics Limited | 30.95 | 0 | 1 | 304.99 | 14.03 | 42.8 |
| Privi Speciality Chemicals Limited | 42.67 | 0 | 10 | 368.79 | 21.99 | 81.08 |
| Yashashvi Industries Limited | 206.68 | 0 | 10 | 368.18 | 5.69 | 20.95 |
| Excel Industries Limited | 17.12 | 0 | 5 | 1,354.74 | 4.44 | 60.19 |
Company information
Company profile
Prasol Chemicals is a leading player in the specialty chemicals industry, producing over 150 high-value chemicals, including acetone-based, phosphorous-based, and other specialty compounds like surfactants, esters, and acids. Its products cater to five key sectors: performance chemicals (used in lubricants and mining additives), paints, inks, construction and adhesives (PICA), pharmaceuticals, agrochemicals, and home and personal care. The company operates two manufacturing facilities—one in Khopoli spread over 1,18,004 sq. m and another in Mahad covering 79,423 sq. m—with a combined annual capacity of 87,914 MT. Prasol serves 1,107 customers across 69 countries, including well-known names like Alembic Pharmaceuticals, Lubrizol India, Rossari Biotech, and Clean Science. Recognized as a 3 Star Export House by the Government of India, the company has established a strong global presence across APAC, North and South America, and Europe.
Strengths
- Diversified Specialty Chemical Portfolio: The company manufactures more than 150 specialty chemicals for various industries. This helps reduce its dependence on any single product or market.
- Strong R&D Capabilities: Prasol has a dedicated R&D focus on developing new products and improving its specialty chemical portfolio, supporting innovation and future growth.
- Diversified Customer Base & Global Presence: The company serves around 1,600 customers across different industries and has a presence in 69 countries. Its global distribution network helps it reach customers across major international markets.
Risk factors
- Dependence on Manufacturing Facilities: The company relies heavily on its manufacturing facilities in Khopoli and Mahad. Any regulatory action, unexpected shutdown or low utilisation of these facilities could disrupt operations and affect financial performance.
- Hazardous Materials & Operational Risks: The company handles certain hazardous, corrosive and flammable materials that require special care. Any accident during handling or storage could cause injury, property damage and operational disruptions.
- Outstanding Litigations: The company, its promoters and directors are involved in certain ongoing legal proceedings. Any unfavorable outcome could negatively affect the company’s financial performance and overall business.
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
Usha Rajnikant Shah
Registrar & documents
Lead manager
Dam Capital Advisors Limited
Registrar & contacts
Kfin Technologies Limited
[email protected]Official registrar portal ↗IPO allotment status guide →Registered office
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]Company website ↗Understanding PRASOLCHEM IPO data
Compare the price band and required investment with the company profile, financial results and offer documents. Subscription figures show reported demand by category; they do not establish the value of the business. GMP is an unofficial indication and can change before listing.