Prasol Chemicals IPO — Date, Price Band, GMP & Allotment 2026
Prasol Chemicals makes more than 150 specialty chemicals, including 21 acetone-based, 53 phosphorous-based and 76 other products used in performance chemicals, paints and adhesives, pharmaceuticals, agrochemicals and personal care. Running since 1992, it serves 1,600 customers and exports to 69 countries from two Maharashtra plants.
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IPO Summary
What is the Prasol Chemicals IPO Timetable?
Track the IPO schedule and key events.
| Event | Date | Day |
|---|---|---|
| IPO Open Date | 08 Sep, 2026 | Tuesday |
| IPO Close Date | 10 Sep, 2026 | Thursday |
| Basis of Allotment | 11 Sep, 2026 | Friday |
| Refunds Initiated | 15 Sep, 2026 | Tuesday |
| Credit to Demat | 15 Sep, 2026 | Tuesday |
| Listing Date | 16 Sep, 2026 | Wednesday |
What is the Prasol Chemicals IPO Lot Size?
Bidding in multiples of 22 shares.
| 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 | 1474 | ₹9,96,424 |
| B-HNI (Min) | 68 | 1496 | ₹10,11,296 |
About Prasol Chemicals
The company makes more than 150 different specialty chemicals. Its range covers 21 acetone based chemicals, 53 phosphorous based chemicals and 76 other products such as surfactants, esters and acids.
These products go into five main industries. These are performance chemicals such as lubricant and mining additives, the group known as PICA which covers paint, inks, construction and adhesives, pharmaceuticals, agrochemicals, and home and personal care. Its customers include Alembic Pharmaceuticals, Lubrizol India, Rossari Biotech, Clean Science, Gharda Chemicals, Croda India, Supriya Lifescience and Yasho Industries. As on 31 July 2026 it served about 1,600 customers and exported to 69 countries, and it is certified as a 3 Star Export House by the Government of India. It runs two plants, at Khopoli covering 1,20,604 square metres and at Mahad covering 1,19,423 square metres, with a combined capacity of 98,644 tonnes a year.
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Prasol Chemicals Key Performance Indicators (KPIs)
Objects of the Issue
| Issue Object | Estimate Amount |
|---|---|
| Repayment and/ or pre-payment, in full or part, of certain borrowings availed by the company | ₹60.00 Cr. |
| General Corporate Purposes |
Strengths & Risks
Strengths
- ✓ Profit has grown more than four times in two years, from Rs 18.13 crore in FY2024 to Rs 43.57 crore in FY2025 and Rs 83.12 crore in FY2026.
- ✓ Sales have grown steadily, from Rs 887.56 crore in FY2024 to Rs 1,015.54 crore in FY2025 and Rs 1,237.85 crore in FY2026.
- ✓ EBITDA more than doubled over the same period, from Rs 60.53 crore to Rs 139.32 crore.
- ✓ The product range is very wide at more than 150 chemicals, spread across five different end industries, so it does not depend on one sector.
- ✓ The customer base is large and reputed, with about 1,600 customers including Alembic Pharmaceuticals, Lubrizol India, Rossari Biotech, Clean Science and Croda India.
- ✓ It exports to 69 countries and is certified as a 3 Star Export House, with distribution across Asia Pacific, the Americas and Europe.
- ✓ It has a long record of more than 30 years and two plants with a combined capacity of 98,644 tonnes a year.
- ✓ RoCE was 22.43% and RoNW was 18.53% in FY2026.
Risks
- ⚠ The P/E and EPS are not stated in the data available to us, so the issue cannot be compared with chemical peers on earnings from here.
- ⚠ The profit margin is thin at 6.74%, which is low for a company describing itself as a specialty chemicals maker.
- ⚠ Very little of the money is going into the business. Only Rs 60 crore of the Rs 500 crore issue is earmarked for repaying borrowings, with the rest to general corporate purposes and to the selling shareholders.
- ⚠ Borrowing has gone up every year, from Rs 82.07 crore in FY2024 to Rs 101.05 crore in FY2025 and Rs 110.06 crore in FY2026.
- ⚠ Raw material prices drive this business. Acetone and phosphorus feedstock are linked to crude and to global chemical cycles, and a sharp rise cannot always be passed on.
- ⚠ Both plants are in Maharashtra, at Khopoli and Mahad, so there is regional concentration, and chemical plants carry pollution control and environmental compliance risk.
- ⚠ Exporting to 69 countries brings currency risk and exposure to anti-dumping duties and trade rules in those markets.
- ⚠ This is a fresh issue combined with an offer for sale, and promoter holding falls from 89.2% to 77.51% after the issue.
Company Financials
The Prasol Chemicals company's financial performance (in ₹ Cr.) is summarized below:
| Metric | 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 |
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IPO Reservation
| Investor Category | Reservation |
|---|---|
| QIB | Not more than 50% of the Offer |
| Retail | Not less than 35% of the Offer |
| NII | Not less than 15% of the offer |
Promoters and Shareholding Details
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
| Particular | % Share |
|---|---|
| Promoter Holding Pre Issue | 89.2% |
| Promoter Holding Post Issue | 77.51% |
Frequently Asked Questions
What is the GMP of Prasol Chemicals?
The current Grey Market Premium (GMP) of Prasol Chemicals is ₹ 14.
What is the Prasol Chemicals IPO Price Band?
The price band for Prasol Chemicals IPO is ₹643 to ₹676.
When is the Prasol Chemicals IPO Allotment?
The allotment date for Prasol Chemicals IPO is September 11, 2026.
How to check Prasol Chemicals IPO Allotment Status?
You can check the allotment status on the IPO Allotment Status page or on the registrar's website (KFin Technologies Limited).
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