Prasol Chemicals IPO
Updated 11 Sept 2026, 5:03 pm.
Minimum investment (Retail)
₹14,872
1 lot · 22 shares at the upper price band
Price band
₹676
Latest GMP
-₹7.50
-1.1% of the ₹676 upper band
Est. listing price
₹0
Issue size
₹500 Cr
GMP history
Each point is a recorded observation from the scheduled data sync.
| Observed | GMP | Est. listing price |
|---|---|---|
| 11 Sept 2026, 5:03 pm | -₹8 | ₹0 |
| 11 Sept 2026, 5:01 pm | ₹0 | ₹0 |
| 11 Sept 2026, 12:50 pm | -₹8 | ₹0 |
| 11 Sept 2026, 12:49 pm | ₹0 | ₹0 |
| 11 Sept 2026, 8:05 am | -₹8 | ₹0 |
| 11 Sept 2026, 8:03 am | ₹0 | ₹0 |
| 11 Sept 2026, 7:00 am | -₹8 | ₹0 |
| 11 Sept 2026, 6:55 am | ₹0 | ₹0 |
| 11 Sept 2026, 6:50 am | ₹0 | ₹0 |
| 11 Sept 2026, 6:28 am | ₹0 | ₹0 |
| 10 Sept 2026, 6:17 pm | ₹40 | ₹716 |
| 10 Sept 2026, 5:37 pm | ₹40 | ₹716 |
| 10 Sept 2026, 5:30 pm | ₹40 | ₹716 |
| 10 Sept 2026, 5:00 pm | ₹40 | ₹716 |
| 10 Sept 2026, 4:59 pm | ₹40 | ₹716 |
| 10 Sept 2026, 12:56 pm | ₹22 | ₹716 |
| 10 Sept 2026, 12:55 pm | ₹40 | ₹716 |
| 10 Sept 2026, 11:20 am | ₹40 | ₹716 |
| 10 Sept 2026, 8:08 am | ₹40 | ₹716 |
| 10 Sept 2026, 6:13 am | ₹40 | ₹716 |
| 10 Sept 2026, 6:10 am | ₹40 | ₹716 |
| 10 Sept 2026, 6:09 am | ₹40 | ₹716 |
| 9 Sept 2026, 5:09 pm | ₹40 | ₹716 |
GMP is an unofficial, unregulated grey-market estimate — not a prediction of listing performance.
Issue details
- Board
- Mainboard
- Price band
- ₹676
- Issue size
- ₹500 Cr
- Lot size
- 22
- Opens
- 8 Sept 2026
- Closes
- 10 Sept 2026
- Allotment
- 11 Sept 2026
- Listing
- 16 Sept 2026
- Est. listing price
- ₹0
- Listing price
- Awaited
- Listing gain
- Awaited
- Registrar
- Kfin Technologies Ltd.
- Minimum investment
- ₹14,872 (1 lot · 22 shares)
- Face value
- ₹2 per share
- Issue type
- Bookbuilding IPO
- Sale type
- Fresh capital cum OFS
- Fresh issue
- ₹80 Cr
- Offer for sale
- ₹420 Cr
- Listing at
- BSE, NSE
- Refunds
- 15 Sept 2026
- Shares credited
- 15 Sept 2026
- Promoter holding
- 86.89% before · 75.25% after
- Lead managers
- Dam Capital Advisors Ltd.
Offer documents & links
Subscription by category
As of 10 Sept 2026, 1:24 pm.
Total subscription
3.47x
Full issue details
Details as published for this issue, read 11 Sept 2026, 5:10 pm. Verify against the RHP before applying.
IPO Details
| IPO Date | 8 to 10 Sep, 2026 |
|---|---|
| Listing Date | Wed, Sep 16, 2026 T |
| Face Value | ₹ 2 per share |
| Price Band | ₹643 to ₹676 |
| Issue Price | ₹676 per share |
| Lot Size | 22 Shares |
| Sale Type | Fresh capital cum OFS |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Total Issue Size | 73,96,437 shares (agg. up to ₹ 500 Cr) |
|---|---|
| Fresh Issue | 11,83,431 shares (agg. up to ₹ 80 Cr) |
| Offer for Sale | 62,13,006 shares of ₹ 2 (agg. up to ₹ 420 Cr) |
| Share Holding Pre Issue | 5,80,00,000 shares |
| Share Holding Post Issue | 5,91,83,431 shares |
IPO Timetable (Tentative)
- IPO Open
- Tue, Sep 8, 2026
- IPO Close
- Thu, Sep 10, 2026
- Allotment
- Fri, Sep 11, 2026
- Refund
- Tue, Sep 15, 2026
- Credit of Shares
- Tue, Sep 15, 2026
- Listing
- Wed, Sep 16, 2026
Issue Reservation
| Investor Category | Shares | % of Total Issue | Max Allottees |
|---|---|---|---|
| QIB | 36,98,218 | 50.00% | NA |
| - Anchor Investor | 22,18,930 | 30.00% | NA |
| - QIB (Ex. Anchor) | 14,79,288 | 20.00% | NA |
| NII (HNI) | 11,09,466 | 15.00% | NA |
| - bNII > ₹10L | 7,39,644 | 10.00% | 2,401 |
| - sNII < ₹10L | 3,69,822 | 5.00% | 1,200 |
| Retail | 25,88,753 | 35.00% | 1,17,670 |
| Total | 73,96,437 | 100.00% | — |
Prasol Chemicals IPO comprises a total issue size of 73,96,437 shares. Out of which, 36,98,218 (50.00%) are allocated to QIB , 11,09,466 (15.00%) allocated to NII 25,88,753 (35.00%) allocated to RII .
IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 22 | ₹14,872 |
| Retail (Max) | 13 | 286 | ₹1,93,336 |
| S-HNI (Min) | 14 | 308 | ₹2,08,208 |
| S-HNI (Max) | 67 | 1474 | ₹9,96,424 |
| B-HNI (Min) | 68 | 1496 | ₹10,11,296 |
Investors can bid for a minimum of 22 shares and in multiples thereof.
IPO Subscription Details
IPO Anchor Investors
| Bid Date | Mon, Sep 7, 2026 |
|---|---|
| Shares Offered | 22,18,930 |
| Anchor Portion (₹ Cr.) | 150.00 |
| Anchor lock-in period end date for 50% shares (30 Days) | Sun, Oct 11, 2026 |
| Anchor lock-in period end date for remaining shares (90 Days) | Thu, Dec 10, 2026 |
Prasol Chemicals IPO raises ₹ 150.00 crore from anchor investors . Prasol Chemicals IPO Anchor bid date is September 7, 2026 .
📝 Anchor Investors Letter (PDF)
IPO Anchor Investors List
About Prasol Chemicals Ltd.
Incorporated in 1992, 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 1,20,604 sq. m., Mahad across 1,19,423 sq. mt with an aggregate capacity of 98,644 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, 2026, the company served 1600 customers and exports to 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:
Highly diversified product portfolio used across various Application Industries
Well established R&D capabilities driving innovation with strong pipeline of products
Long standing relationships with a diversified customer base and strong global presence
Experienced, Qualified and Professional Leadership Team
Robust financial performance track record
Company Financials (Restated Consolidated)
| Period Ended | 31 Mar 2026 | 31 Mar 2025 | 31 Mar 2024 |
|---|---|---|---|
| Assets | 839.28 | 723.09 | 626.36 |
| Total Income | 1,237.85 | 1,015.54 | 887.56 |
| Profit After Tax | 83.12 | 43.57 | 18.13 |
| EBITDA | 139.32 | 87.77 | 60.53 |
| NET Worth | 448.51 | 367.46 | 325.84 |
| Reserves and Surplus | 436.91 | 355.87 | 314.24 |
| Total Borrowing | 110.06 | 101.05 | 82.07 |
| Amount in ₹ Crore |
Prasol Chemicals Ltd.'s revenue increased by 22% and profit after tax (PAT) rose by 91% between the financial year ending with March 31, 2026 and March 31, 2025.
Note:-
FY 2026 financials are on standalone basis
Operating EBITDA is given.
Recently Listed IPOs in Specialty Chemicals
| Company | Issue Type | Issue Size | Issue Price | PE Ratio | Listing Day Close | Listing Gain/Loss % | LTP |
|---|---|---|---|---|---|---|---|
| Sudeep Pharma Ltd. | Mainboard | ₹895.00 Cr | ₹593 | 47.61 | ₹774.15 | +30.55% | ₹1,202.80 |
| Devson Catalyst Ltd. | SME | ₹42.34 Cr | ₹118 | 9.66 | ₹205.95 | +74.53% | ₹348.00 |
| Vahh Chemicals Ltd. | SME | ₹13.45 Cr | ₹60 | 7.15 | ₹66.50 | +10.83% | ₹52.49 |
| Biopol Chemicals Ltd. | SME | ₹31.26 Cr | ₹108 | 19.73 | ₹105.50 | -2.31% | ₹47.70 |
| Neochem Bio Solutions Ltd. | SME | ₹44.97 Cr | ₹98 | 15.85 | ₹111.80 | +14.08% | ₹102.15 |
| Speb Adhesives Ltd. | SME | ₹33.73 Cr | ₹56 | 16.73 | ₹57.00 | +1.79% | ₹93.05 |
| SK Minerals & Additives Ltd. | SME | ₹41.15 Cr | ₹127 | 10.45 | ₹152.25 | +19.88% | ₹486.50 |
| Shlokka Dyes Ltd. | SME | ₹57.79 Cr | ₹91 | 13.69 | ₹85.50 | -6.04% | ₹23.50 |
View More »
IPO Objects of the Issue
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Repayment and/ or pre-payment, in full or part, of certain borrowings availed by the company | 60.00 |
| 2 | General Corporate Purposes | 16.39 |
| 3 | Issue Expenses | 21.95 |
| Total | 98.34 |
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
Key Performance Indicator (KPI)
| KPI | Mar 31, 2026 |
|---|---|
| ROE | 20.37% |
| ROCE | 22.43% |
| Debt/Equity | 0.19 |
| RoNW | 18.53% |
| PAT Margin | 6.74% |
| EBITDA Margin | 11.30% |
| NAV | 77.33 |
Check IPO Peer Comparison here.
IPO Valuation
| Valuation Metric | Pre IPO | Post IPO |
|---|---|---|
| EPS (₹) | 14.33 | — |
| Market Cap at Offer Price | - | ₹4,000.80 Cr |
Shareholding Structure
| Category | Pre IPO | Post IPO |
|---|---|---|
| Promoter and Promoter Group | 86.89% | 75.25% |
| Public | 13.11% | 24.75% |
| Total | 100% | 100% |
Company Promoters: 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 and Usha Rajnikant Shah.
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Offer For Sale - Selling Shareholders
| Name | Category | No. of Shares Offered | Amount (₹ cr.) |
|---|---|---|---|
| Usha Rajnikant Shah (held jointly with Nishith Rajnikant Shah & Shah Sandhya Nishith) | Promoter | 17,75,147 | 120.00 |
| Tushar Natverlal Dharia (HUF) | Promoter | 7,62,115 | 51.52 |
| Gaurang Natwarlal Parikh (HUF) | Promoter | 2,74,245 | 18.54 |
| Bhisham Kumar Gupta (held jointly with Raksha Bhisham Gupta) | Promoter | 5,77,366 | 39.03 |
| Nishith Rasiklal Dharia (held jointly with Sonal Nishith Dharia) | Promoter | 4,73,372 | 32.00 |
| Sonal Nishith Dharia (held jointly with Nishith Rasiklal Dharia) | Promoter | 5,20,710 | 35.20 |
| Sachin Jatin Parikh (held jointly with Shruti Sachin Parikh) | Promoter | 4,73,372 | 32.00 |
| Suketu Navinchandra Parikh (held jointly with Lina Suketu Parikh) | Promoter | 88,757 | 6.00 |
| Gaurang Natwarlal Parikh (held jointly with Tanvi Gaurang Parikh) | Promoter | 5,23,002 | 35.35 |
| Jignasha Jay Kantawala (held jointly with Jay Shailesh Kantawala | Promoter | 59,171 | 4.00 |
| Kinjal Pankil Dharia (held jointly with Pankil Nishith Dharia) | Promoter | 71,005 | 4.80 |
| Lina Suketu Parikh (held jointly with Suketu Navinchandra Parikh) | Promoter | 7,544 | 0.51 |
| Pushpa Navinchandra Parikh (held jointly with Suketu Navinchandra Parikh) | Promoter | 81,360 | 5.50 |
| Shruti Sachin Parikh (held jointly with Sachin Jatin Parikh) | Promoter | 1,16,863 | 7.90 |
| Sundeep Navinchandra Parikh (held jointly with Sheetal Sandeep Parikh) | Promoter | 51,775 | 3.50 |
| Tushar Natverlal Dharia (held jointly with Ami Tushar Dharia) | Promoter | 7,692 | 0.52 |
| Dipak Amarshi (held jointly with Ushma Amarshi) | Other | 1,33,136 | 9.00 |
| Heta T.Parikh | Other | 95,887 | 6.48 |
| Namita Tushar Parikh | Other | 1,13,091 | 7.64 |
| Sheetal Sandeep Parikh (held jointly with Sundeep Navinchandra Parikh) | Other | 7,396 | 0.50 |
| Total | — | 62,13,006 | 420.00 |
Prasol Chemicals IPO Recommendations
| Review By | Subscribe | May Apply | Neutral | Avoid |
|---|---|---|---|---|
| Brokers | 6 | 1 | 1 | 0 |
| Members | 0 | 0 | 0 | 0 |
IPO Subscription Status
| Category | Subscription (x) | Shares Offered | Shares bid for |
|---|---|---|---|
| QIB (Ex Anchor) | 7.59 | 14,79,289 | 1,12,28,140 |
| NII | 1.89 | 11,09,466 | 20,94,994 |
| bNII (> ₹10L) | 1.22 | 7,39,644 | 9,01,560 |
| sNII (< ₹10L) | 3.23 | 3,69,822 | 11,93,434 |
| Retail | 1.79 | 25,88,753 | 46,39,206 |
| Total | 3.47 | 51,77,508 | 1,79,62,340 |
The Prasol Chemicals IPO is subscribed 3.47 times on September 10, 2026 6:54:53 PM (Day 3). The public issue subscribed 1.79 times in the retail category, 7.59 times in the QIB category, and 1.89 times in the NII category. Check Day by Day Subscription Details (Live Status)
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Total Applications: 1,82,737
IPO Expenses
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | BRLM’s fees and commissions (including underwriting commission, brokerage and selling commission | 11.87 |
| 2 | Commission/processing fee for SCSBs, Sponsor Bank(s) and Bankers to the Offer. Brokerage, underwriting commission and selling commission and bidding charges for Members of the Syndicate, Registered Brokers, RTAs and CDPs | 0.67 |
| 3 | Fees payable to the Registrar to the Offer | 0.04 |
| 4 | Listing fees, SEBI filing fees, upload fees, BSE and NSE processing fees, book building software fees and other regulatory expenses | 2.45 |
| 5 | Printing and stationery | 0.18 |
| 6 | Advertising and marketing expenses | 0.79 |
| 7 | Fee payable to legal counsel, the statutory auditor, independent chartered account, independent chartered engineer | 2.79 |
| 8 | Miscellaneous | 3.17 |
| Total | 21.95 |
IPO Registrar
Kfin Technologies Ltd.
040-79615565
prasol.ipo@kfintech.com
IPO Lead Manager(s)
Dam Capital Advisors Ltd.
Contact Details
Prasol Chemicals Ltd. Address
Prasol House, Plot No A - 17/2/3,
T. T. C, Industrial Area, Khairne M.I.D.C.,
Navi Mumbai,
Thane, Maharashtra , 400710
+91 22 6195 2500
investorservices@prasolchem.com
Prasol Chemicals IPO in the news
Recent coverage in the financial press. Headlines are the publishers' own; verify details with the RHP.
Prasol Chemicals closes IPO with 3.3 times bids as allotment date nears
chemicals.economictimes.indiatimes.com · 11 Sept 2026
Prasol Chemicals Launches Rs 500 Cr IPO, Price Band Set At Rs 643-676
BW Businessworld · 11 Sept 2026
Prasol Chemicals IPO subscribed 3.30 times
Business Standard · 11 Sept 2026
Prasol Chemicals Ltd IPO: Check IPO Date, GMP, Market Lot Size, Face Value, Price, Subscription Details and News
ET Now · 11 Sept 2026
Prasol Chemicals IPO Allotment Status: Check BSE NSE KFin Online
HDFC Sky · 11 Sept 2026
Prasol Chemicals IPO: How to check allotment status on BSE, NSE & Kfin; odds of getting shares & GMP
Business Today · 11 Sept 2026
Prasol Chemicals IPO allotment: How to check status online on KFin Technologies, NSE, BSE; listing date, time here
Upstox · 11 Sept 2026
Prasol Chemicals IPO allotment likely today: Check status, GMP and other details
economictimes.com · 11 Sept 2026
