Skip to main content
  1. Home
    /
  2. IPO
Prasol Chemicals IPO

Prasol Chemicals IPO

Chemicals
upcoming
₹14,146Min. investment
  1. Pre-apply
    TBA
  2. Bid start
    8 Sep
  3. Bid end
    10 Sep
  4. Allotment
    11 Sep
  5. Release of funds
    15 Sep
  6. Demat transfer
    15 Sep
  7. Listing
    16 Sep

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 Limited IPO Overview

Prasol Chemicals IPO date

Prasol Chemicals IPO will open for subscription on September 08, 2026, and the closing date for the IPO is September 10, 2026. After this, investors are expected to be updated about the allotment status on September 11, 2026.

Investors who have been allotted shares can expect them to be credited to their demat account on September 15, 2026. The shares will be listed on NSE and BSE on Wednesday, September 16, 2026.

Prasol Chemicals IPO price band

The IPO includes an offer for sale and a fresh issue. The IPO price band has been set between ₹643 and ₹676 per share. Interested investors can choose a price within this band to apply.

The IPO is a book-building issue, comprising an offer for sale of ₹420 crore and a fresh issue of ₹80 crore. Prasol Chemicals IPO listing price will be determined on September 16, 2026. The listing price is the price at which a company’s shares debut on the stock exchanges.

Prasol Chemicals IPO lot size

Prasol Chemicals IPO key details have been declared. The minimum lot size for an application is 22 shares, and the investor would have to apply for a minimum of 1 lot. Meanwhile, the IPO issue size is approximately ₹500 crore.

Checklist

Quality analysis
Revenue growth
Company valuation
Earnings expansion
Risk analysis
Debt to Equity ratio
Promoter holdings
Shares pledged
The investment checklist helps you understand a company's financial health at a glance and identify quality investment opportunities easily

Compare

Companies in this sector
Pidilite Industries LtdPidilite Industries Ltd
Solar Industries India LtdSolar Industries India Ltd
SRF LtdSRF Ltd
Revenue
Higher revenue means strong sales and good market demand
This IPO
₹1,232.5Cr
This sector
₹778.53Cr
Compare with companies
PAT
Higher PAT means strong profitability and efficient cost management
This IPO
₹83.12Cr
This sector
₹63.39Cr
Compare with companies
Market cap
Higher market cap means strong confidence but may suggest overvaluation
This IPO
₹4,000Cr
This sector
₹4,831.31Cr
Compare with companies
P/E ratio
Lower ratio usually means stock is undervalued
This IPO
47.17
This sector
115.61
Compare with companies
D/E ratio
Lower ratio usually means fewer liabilities
This IPO
0.25
This sector
0.47
Compare with companies

Objectives

Repayment of loan
75.00%
General corporate purposes
25.00%

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.

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

Frequently asked questions

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.
Opens on 8 Sep 2026