Prasol Chemicals Limited
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Prasol Chemicals Limited's successfully completed its Initial Public Offering and commenced trading on Sep 16, 2026 at the NSE, BSE exchange. The company raised 73,96,437 Shares through this public offering, comprising 11,83,431 Shares in fresh capital and ₹420.00 Cr through the Offer for Sale mechanism.
The IPO was priced within the band of ₹643 to ₹676, with minimum application lots of 22 shares. The offering attracted significant investor interest during its subscription period from Sep 08, 2026 to Sep 10, 2026.
Share allotment was finalized on Sep 11, 2026, distributing equity to successful applicants. The stock's subsequent listing marked a significant milestone in the company's corporate history, providing public market liquidity to shareholders.
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."
- 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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