Prasol Chemicals Limited
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₹115(17.01%)
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Prasol Chemicals Limited's is preparing to launch its Initial Public Offering (IPO) with a substantial issue size of 73,96,437 Shares. The offering comprises a fresh issue component of 11,83,431 Shares, alongside an Offer for Sale (OFS) component of ₹420.00 Cr from existing shareholders.
The price band for the IPO has been set at ₹643 to ₹676, providing investors with a range to place their bids. The minimum investment lot consists of 22 shares, making it accessible to both retail and institutional investors.
The subscription window for this public offering opens on Sep 08, 2026 and will conclude on Sep 10, 2026. Following the subscription period, the share allotment is scheduled for Sep 11, 2026, with the official listing expected to commence on Sep 16, 2026 on the NSE, BSE exchange.
Investors can bid starting from the minimum lot size specified for this IPO, and only in multiples of that lot size. The table below shows the minimum and maximum investment for retail investors and HNIs in terms of lots, quantity, and amount.
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.
Note : "Calculations for ‘Shares Offered’ and ‘Total Amount’ are based on the highest price in the issue price band."
The expected premium (GMP) is based on market buzz and unofficial trading. It should not be considered as the guaranteed listing price. Always refer to the RHP and seek advice from a financial expert before making investment decisions.
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- 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.
- 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.
- 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
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