Overview
Updated 12 days agoPrasol Chemicals Limited is an Indian specialty chemicals manufacturer with a diversified product portfolio, including acetone and phosphorus-based chemicals. The company is launching an IPO comprising a fresh issue of ₹800 million and an offer for sale of ₹4,200 million, totaling ₹5,000 million.
The red bar is the price band. GMP-implied price is an unofficial grey-market number, not a forecast.
How much to apply
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (min) | 1 | 22 | ₹14,872 |
| Retail (max) | 13 | 286 | ₹1,93,336 |
| sNII (min) | 14 | 308 | ₹2,08,208 |
| bNII (min) | 68 | 1,496 | ₹10,11,296 |
At the upper band. The amount is blocked in your bank account through UPI, not paid, until allotment.
Final subscription
As of 31 Oct, 16:42 ISTTimes the shares on offer were bid for, by investor category. Above 1x means the category is fully booked.
Listing performance
Latest price updated 5 hr ago.
Issue details
| Status | Listed |
| Exchange | BSE, NSE |
| Segment | Mainboard |
| Sector | Chemicals |
| Price band | ₹643–676 |
| Final issue price | ₹676.00 |
| Face value | ₹2 per share |
| Lot size | 22 shares |
| Minimum investment | ₹14,872 |
| Issue size | ₹500 Cr |
| Fresh issue | ₹80.00 Cr |
| Offer for sale | ₹420 Cr |
| P/E at upper band | 47.2x |
| Registrar | KFin Technologies Limited |
| Lead managers | DAM Capital Advisors Limited |
| NSE symbol | PRASOLCHEM |
| ISIN | INE455U01024 |
Fresh issue vs offer for sale
Shareholder quota and promoter holding
Company & business
Prasol Chemicals Limited is a forward-integrated manufacturer of acetone and phosphorus-based specialty chemicals, with over 30 years of experience. The company's product portfolio includes over 150 specialty chemical products used across various industries, including performance chemicals, pharmaceuticals, agrochemicals, and home and personal care. The company operates two manufacturing facilities in Maharashtra and has a global presence, exporting to 69 countries. It is a 3-star export house and focuses on R&D to drive innovation and product development.
Objects of the issue — how the money will be used
- Repayment or pre-payment, in full or in part, of certain outstanding borrowings (₹60 Cr)
- General corporate purposes
Key strengths
- Highly diversified product portfolio across various application industries
- Well-established R&D capabilities driving innovation
- Long-standing relationships with a diversified customer base
- Strong global presence with exports to 69 countries
- Experienced and professional leadership team
- Robust financial performance
Key risks
- Business is dependent on manufacturing facilities and subject to related risks
- Hazardous nature of raw materials and products
- Outstanding litigations involving the company, promoters, and directors
- Fluctuations in net cash from operating activities
- Reliance on key customers
- Lack of long-term agreements with suppliers and customers
- Susceptibility to risks from international operations
- Inability to accurately forecast demand and manage inventory
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
Decoded from the RHP with AI on 01-Nov-2026. Check the offer document before you apply.
Financials (restated, ₹ crore)
| Period | Revenue | Expenses | Profit after tax | Assets | Net worth | Borrowings |
|---|---|---|---|---|---|---|
| FY24 | 876.57 | -- | 18.13 | 626.36 | 325.84 | 39.23 |
| FY25 | 1,012.49 | -- | 43.57 | 723.09 | 367.47 | 57.47 |
| FY26 | 1,232.59 | -- | 83.12 | 839.28 | 448.51 | 63.06 |
Key performance indicators · FY26
Peers & valuation
Listed peers as chosen by the issuer in the offer document (Basis for Issue Price).
| Company | Revenue (₹ Cr) | EPS (₹) | P/E | RoNW % | NAV (₹) |
|---|---|---|---|---|---|
| Prasol Chemicals this issue | 1,232.6 | 14.33 | 47.2x | 18.53 | 77.33 |
| Aarti Industries Limited | 8,286.0 | 11.56 | 46.8 | 7.04 | 164.27 |
| Atul Limited | 6,273.5 | 230.25 | 28.0 | 10.95 | 2,136.46 |
| Laxmi Organic Industries Limited | 2,846.7 | 2.87 | 60.0 | 4.00 | 71.66 |
| Vinati Organics Limited | 2,226.9 | 42.80 | 31.0 | 14.03 | 304.99 |
| Privi Speciality Chemicals Limited | 2,563.7 | 81.08 | 42.7 | 21.99 | 368.79 |
| Yasho Industries Limited | 830.0 | 20.95 | 206.7 | 5.69 | 368.18 |
| Excel Industries Limited | 1,094.5 | 60.19 | 17.1 | 4.44 | 1,354.74 |
This issue is priced at 47.2x P/E against a peer median of 42.7x: a premium of 11%. A measurement, not a verdict.
Other Chemicals IPOs
Same sector, listed just before and after this one, with their listing-day change.
Amtech EstersAMTECH · BSE · SME · Chemicals+40.0%17 Sep
Shanti InorganicsSHANTIINOR · NSE · SME · Chemicals+99.5%7 Sep Documents and resources
Offer documents and the issuer, exchange, registrar and SEBI pages for this issue.