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Prasol Chemicals IPO
3.83xsubscribed

Prasol Chemicals IPO

Chemicals
listed
₹14,146Min. investment

Prasol Chemicals Limited IPO Details

SectorChemicals
Price range₹643 – ₹676
IPO type
Regular
Lot size22 shares
Issue size₹500Cr
Red Herring Prospectus
Read
Market cap
₹4,000CrLower than sector avg
RevenueApr 2025 - Mar 2026
₹1,232.5CrHigher than sector avg
Growth rate3Y CAGR
18.50%

Prasol Chemicals IPO Subscription Status

Date
QIB
NII
Retail
Total
08-Sep-26
0.0 times (X)
0.93 times (X)
0.7 times (X)
0.49 times (X)
09-Sep-26
0.0X
1.35X
0.7X
0.52X
10-Sep-26
2.47X
5.24X
1.68X
3.83X

As on 08-Sep-26, 5:30 PM

Prasol Chemicals IPO Timeline

  1. Pre-apply
    7 Sep 2026
  2. Bid start
    8 Sep 2026
  3. Bid end
    10 Sep 2026
  4. Allotment
    11 Sep 2026
  5. Release of funds
    15 Sep 2026
  6. Demat transfer
    15 Sep 2026
  7. Listing
    16 Sep 2026

About Prasol Chemicals Limited

Prasol Chemicals IPO will open for subscription on 8 September 2026. The IPO will remain open till 10 September, followed by listing on 16 September.
The company was incorporated in 1992 and has over 33 years of experience in the speciality chemicals industry. The company is a forward-integrated manufacturer of acetone-based, phosphorus-based, and other speciality chemicals involving complex and differentiated chemistries. It has a diversified product portfolio of more than 150 speciality chemicals, and as of July 15, 2026, it has over 1600 customers in 69 countries.
Prasol Chemicals is also a Government of India-certified 3 Star Export House and has a distribution network spread across 68 countries and 6 continents, including Asia Pacific, North & South America, Europe, Africa and the Middle East.
The company has a wide product portfolio of over 150 speciality chemicals as of June 30, 2026. This includes 21 acetone-based speciality chemicals, 53 phosphorus-based speciality chemicals and 76 other speciality products. The latter includes non-acetone and non-phosphorus-based customised products such as surfactants, performance additives, ethers, esters, polymers and acids. It caters to five key application industries: performance chemicals, PICA (paints, inks, construction and adhesives), pharmaceuticals, agrochemicals, and home and personal care. Its performance chemicals portfolio includes products used in applications such as lubricant additives and mining chemicals.
Acetone-based speciality chemicals continued to be the largest contributors to revenue in FY26, contributing 526.89 crore or 42.75% of revenue. Speciality chemicals based on Phosphorus contributed ₹472.03 crore or 38.30%, and other speciality chemicals contributed ₹225.90 crore or 18.33%. Domestic business continues to make up the bigger portion of revenue with ₹896.21 crore or 72.71% contribution to revenue, and exports were ₹336.38 crore or 27.29% in FY26.
Prasol Chemicals served 1,618 customers in FY26, up from 1,586 customers in FY25. Repeat customers contributed ₹1,149.78 crore or 93.28% of revenue in FY26, while new customers contributed ₹82.82 crore or 6.72%. The company has long-standing relationships with several marquee customers, including Alembic Pharmaceuticals Limited, Auchtel Products Limited, Bharat Rasayan Limited, Carl Bechem Lubricants (India) Private Limited, Clean Science and Technology Limited, Croda India Company Private Limited and Coromandel International Limited, among others.
The company operates two manufacturing facilities in Maharashtra – Khopoli and Mahad. The Khopoli manufacturing facility was established in 1995 and covers an area of 120,604 square meters. It had an installed capacity of 78,784 MTPA as of 31 March 2026. The Mahad manufacturing facility began operations in the year 2020 with an area of 119,423 sq. meters and an installed capacity of 19,860 MTPA. Together, the two facilities have an aggregate installed capacity of 98,644 metric tonnes per annum. The Khopoli facility operated at 80.29% capacity utilisation in FY26, producing 63,256 MT, compared with 68.60% utilisation in FY25. Mahad operated at 44.09% capacity utilisation in FY26 and produced 8,756 MT, compared with 25.18% utilisation in FY25.
The global chemicals industry is projected to grow to $6.5 lakh crore by CY2026 and is further projected to grow at a CAGR of 6.3% to $7.8 lakh crore by CY 2029. The speciality chemicals industry is known for its customised and application-specific functionality and is expected to have 21 to 23% market share of the global chemicals industry by CY 2029. By 2025, the average daily wage in China has risen from $9.8 to 10.0, making its manufacturing more expensive, while the labour cost in India is still much lower at $2.27 per day. In the domestic market for acetone speciality chemicals, there is limited competition due to the presence of a few acetone speciality chemicals manufacturers.
The company was the largest importer of acetone in India for calendar years 2023-2025 for manufacturing the most diversified range of acetone-based speciality chemicals in India. The company was a sole manufacturer of Isophorone in India and therefore had a monopoly position in that product. The company was one of the top five users of yellow phosphorus in India to manufacture phosphorus-based speciality chemicals in the calendar years 2022-2025. This monopolistic position in isophorone production and dominant position in acetone imports provides significant competitive advantage and pricing power. The company has further land available for future expansion, including 30,110 sqm at Dheku, 34,423 sqm at land parcel Mahad and 40,000 sqm at land parcel Mahad. This provides the company with additional headroom to scale up manufacturing capacity over the longer term.
Now, Prasol Chemicals is launching its initial public offering (IPO), which consists of a fresh issue of ₹80 crore and an offer for sale of ₹420 crore. The total issue size of the IPO is ₹500 crore. Its shares will be listed on the NSE and BSE.

How to apply for Prasol Chemicals IPO?

If you are interested in this investment opportunity but unsure how to apply for Prasol Chemicals IPO, follow these steps.
When the public issue opens for subscription, one can follow this step-by-step guide on how to apply for the Prasol Chemicals IPO on Upstox:
  • Log in to your Upstox account, using your six-digit PIN
  • After logging in, click on ‘Discover’
  • On the ‘Discover’ tab, you will find the ‘Invest in IPO’ section
  • Under the Invest in IPO section, look for the ‘Prasol Chemicals IPO’ tab and click on it
  • Now fill in all the required information, like ‘bid price’ and ‘lot size’
  • Confirm and click on ‘Apply’
  • Accept the mandate on your UPI app

Prasol Chemicals Limited IPO Analysis

IPO REVIEW

Prasol Chemicals IPO | Analysis Video

Should you apply?

Watch our analysts break down the Prasol Chemicals Limited IPO — business model, financials, valuation and key risks — to help you decide whether to apply. The video covers the IPO price band, important dates, and what the subscription numbers mean for retail investors.

Checklist

Quality analysis
Revenue growth
Company valuation
Earnings expansion
Risk analysis
Debt to Equity ratio
Promoter holdings
Shares pledged
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Strength and Weakness

Wide Product Portfolio

The company manufactures over 150 speciality chemicals and caters to over 1,600 customers across 69 countries. It is also one of the top five buyers of yellow phosphorus in India, which it uses to develop a broad range of phosphorus-based products.

Scale in Raw Materials

Largest importer of acetone from India from 2023 to 2025, which is used to manufacture a wide range of derivatives. It is also the sole producer of isophorone in the country.

Active In-House R&D

Research team of 37 members (4 PhDs and 25 chemists). They are developing 40 new products, with 9 already through pilot testing.

Strong customer relationship

Long-standing relationships with marquee customers including Alembic Pharmaceuticals Limited, Auchtel Products Limited, Bharat Rasayan Limited, Carl Bechem Lubricants (India) Private Limited, CentiChem b.v., Clean Science and Technology Limited, Croda India Company Private Limited, Coromandel International Limited, and many others. Repeat customers accounted for ₹11,497.79 million or 93.28% of revenue in FY26.

Strong global presence

The company sells its products in 69 countries across six continents, including the Americas, Europe, Africa, the Middle East and Asia-Pacific.

Objectives of Prasol Chemicals Limited IPO

Repayment of loan
75.00%
₹60 crore will repay part or all of the company’s borrowings.
General corporate purposes
25.00%
Part of the IPO proceeds will be used for general corporate purposes and issue expenses.

Compare

CompanyRevenue*3Y growthPATMarket capP/E ratioD/E ratio
This IPO₹1,232.5Cr18.50%₹83.12Cr₹4,000Cr47.170.25
This sector (avg.)₹778.53Cr0%₹63.39Cr₹4,831.31Cr115.610.47
₹13,140.31Cr---₹2,096.17Cr₹1,45,645.1Cr65.540.05
₹7,540.26Cr---₹1,287.93Cr₹1,21,980.6Cr92.360.22
₹14,693.07Cr---₹1,250.78Cr₹83,482.13Cr46.920.37

*Revenue for financial year 2025-26. Lower P/E and D/E ratios are generally preferred.

Prasol Chemicals IPO Contact Details

Company NamePrasol Chemicals Limited

How to apply for Prasol Chemicals IPO?

  1. Step 1

    Log in to your Upstox account to access IPO investments. Next, select the current IPO section.

  2. Step 2

    Specify IPO details. Enter the number of lots and the price you wish to apply for.

  3. Step 3

    Enter UPI ID. After entering your UPI ID, click submit. This will place your bid with the exchange.

  4. Step 4

    Mandate Notification. Your UPI app will receive a mandate notification to block funds.

  5. Step 5

    Approve Request. Your funds will be blocked once you approve the mandate request on your UPI.

Prasol Chemicals Limited IPO FAQs

Investors can apply for the Prasol Chemicals IPO through their Demat account via the stock exchange or through their broker.
The issue size of the Prasol Chemicals IPO is 500 Cr.
Pre-applying for an IPO allows you to submit your application before the official subscription period begins.
The IPO shares will typically list on major stock exchanges such as the National Stock Exchange (NSE) and Bombay Stock Exchange (BSE), as specified in the IPO prospectus.
Prasol Chemicals IPO will be open between 2026-09-08 and 2026-09-10.
Prasol Chemicals IPO allotment date is 2026-09-15. For Prasol Chemicals IPO allotment status check, you can visit the website of the registrar of the IPO.
For Prasol Chemicals IPO, the IPO registrar is KFin Technologies Limited . You can check Prasol Chemicals IPO allotment status on the website of the registrar.
The shares are proposed to be listed on the BSE and NSE.
The Prasol Chemicals IPO shares will typically be credited to your demat account one working day before the IPO's listing date, provided your application is successfully allotted.
The Prasol Chemicals IPO lot size is 22 and minimum order quantity is 22.
Prasol Chemicals IPO has set the price band for its IPO at 676 per equity share with a face value of 2.