Bookbuilding IPO | ₹500 Cr | Listing at BSE, NSE |
SEBI has approved the Initial Public Offer (IPO) of Prasol Chemicals Ltd. on March 25, 2026. The company will proceed with next steps to launch the Initial Public Offer (IPO) subject to market conditions and other approvals. The SEBI approval is valid for 12 months.
Prasol Chemicals Ltd. IPO is a Book Build Issue of ₹500.00 crores consisting of a fresh issue of shares worth Rs ₹80.00 crores and an offer for sale (OFS) of ₹420.00 crores.
The equity shares are proposed to be listed on NSE and BSE. Dam Capital Advisors Ltd. is the book running lead manager and Kfin Technologies Ltd. is the registrar of the issue. Key details like IPO dates, IPO price bands and lot size are yet to be announced.
Refer to Prasol Chemicals IPO DRHP for more details.
| IPO Date | [.] |
| Listing Date | [.] |
| Face Value | ₹2 per share |
| Price Band | |
| Lot Size | |
| Sale Type | Fresh capital cum OFS |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Total Issue Size | [.] shares (agg. up to ₹500 Cr) |
| Fresh Issue | [.] shares (agg. up to ₹80 Cr) |
| Offer for Sale | [.] shares of ₹2 (agg. up to ₹420 Cr) |
| Share Holding Pre Issue | 5,80,00,000 shares |
| Description | Date |
|---|---|
| Filed with SEBI/Exchange | Tue, Oct 14, 2025 |
| SEBI/Exchange approval received | Wed, Mar 25, 2026 |
| Investor Category | Shares Offered |
|---|---|
| QIB Shares Offered | Not more than 50% of the Offer |
| Retail Shares Offered | Not less than 35% of the Offer |
| NII Shares Offered | Not less than 15% of the offer |
Prasol Chemicals operates in the specialty chemicals industry. The company manufactures over 150 specialty chemicals, including acetone-based, phosphorous-based, and other complex chemicals. Its product portfolio includes 21 acetone-based chemicals, 53 phosphorous-based chemicals, and 76 other specialty chemicals (e.g. surfactants, esters, acids).
The products serve 5 major industries, including Performance chemicals (like lubricant and mining additives), paint, inks, construction, and adhesives (PICA), pharmaceuticals, agrochemicals, and home and personal care.
Manufacturing Facility: The company operates two manufacturing facility in Khopoli across 1,18,004 sq. m., Mahad across 79,423 sq. mt with an aggregate capacity of 87,914 MT per year.
Key customers: Alembic Pharmaceuticals, Lubrizol India, Rossari Biotech, Clean Science, Gharda Chemicals, Croda India, Supriya Lifescience, Yasho Industries, etc. As of July 31, 2025, we served 1,107 customers in 69 countries.
It is certified as a 3 Star Export House by the Indian government and have a strong global distribution network across APAC, North and South America, and Europe.
Competitive Strengths:
Prasol Chemicals Ltd.'s revenue increased by 14% and profit after tax (PAT) rose by 140% between the financial year ending with March 31, 2025 and March 31, 2024.
| Period Ended | 30 Jun 2025 | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
|---|---|---|---|---|
| Assets | 798.18 | 723.09 | 626.36 | 692.54 |
| Total Income | 320.44 | 1,015.54 | 887.56 | 932.59 |
| Profit After Tax | 24.34 | 43.57 | 18.13 | 48.59 |
| EBITDA | 40.60 | 87.77 | 60.53 | 86.95 |
| NET Worth | 391.69 | 367.46 | 325.84 | 309.22 |
| Reserves and Surplus | 380.11 | 355.87 | 314.24 | 297.62 |
| Total Borrowing | 129.57 | 101.05 | 82.07 | 185.63 |
| Amount in ₹ Crore | ||||
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Repayment and/ or pre-payment, in full or part, of certain borrowings availed by our Company | 60.00 |
| 2 | General corporate purposes |
| KPI | Mar 31, 2025 |
|---|---|
| ROE | 12.57% |
| ROCE | 14.95% |
| Debt/Equity | 0.23 |
| RoNW | 11.86% |
| PAT Margin | 4.30% |
| EBITDA Margin | 8.67% |
| Pre IPO | Post IPO | |
|---|---|---|
| Promoter Holding | 47.94% |
Lead Manager Reports
Prasol Chemicals IPO is a main-board IPO of 0 equity shares of the face value of ₹2 aggregating up to ₹500 Crores. The issue is priced at To be declared. The minimum order quantity is .
The Prasol Chemicals IPO open and close dates are not available as of now.
Kfin Technologies Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
Zerodha customers can apply online in Prasol Chemicals IPO using UPI as a payment gateway. Zerodha customers can apply in Prasol Chemicals IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Prasol Chemicals IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Prasol Chemicals IPO dates are not announced. Please check back again after some time.
Prasol Chemicals IPO lot size and the minimum order quantity is not available at this time. Please check again later.
You can apply in Prasol Chemicals IPO online using either UPI or ASBA as a payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO Application is offered by brokers who don't offer banking services. Read more detail about applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.
The finalization of Basis of Allotment for Prasol Chemicals IPO will be done on [.], and the allotted shares will be credited to your demat account by . Check the Prasol Chemicals IPO allotment status.
The Prasol Chemicals IPO listing date is not yet announced. The tentative date of listing is .
