Prasol Chemicals Limited is an integrated speciality-chemicals manufacturer producing acetone- and phosphorus-based chemical intermediates.
It provides its products to major key sectors such as pharmaceuticals, agrochemicals, personal care, coatings, and water treatment.
It serves 1,107 customers across 69 countries and offers a portfolio of over 150 speciality chemical products.
Chartered Speed has filed DRHP to raise ₹ 500 Crore comprising completely as Fresh issue of ₹ 80 Crore & Offer-for-sale (OFS) of ₹ 420 Crore by promoters.
Subscription date to apply for Prasol Chemicals Limited is yet to be announced.
Price band for the IPO is also pending to be declared.
| Issue Size: | ₹ 500 Crore |
| Fresh Issue: | ₹ 80 Crore |
| Offer for Sale: | ₹ 420 Crore |
| Price Range: | TBA |
| Lot Size: | TBA |
Prasol Chemicals important data points:
Revenue, PAT, EBITDA
| Year | Fiscal 2025 |
| Networth | ₹ 367.5 Cr |
| Revenue: | ₹ 1012.5 Cr |
| EBITDA | ₹ 87.76 Cr |
| PAT | ₹ 43.56 Cr |
| EBITDA Margin: | ~8.67% |
| PAT Margin | ~4.30% |
| Face Value: | ₹ 02 per Eq. Share |
IPO important dates
| Open Date: | TBA |
| Close Date: | TBA |
| Anchor Investor Bidding | TBA |
| Allotment Date: | TBA |
| Refunds & Demat Credit | TBA |
| Tentative Listing Date: | TBA |
Use of Proceeds
| Purpose | Amount |
| Borrowing payment | ₹ 60 Cr |
| Working Capital Requirement | – |
| General Corporate Purpose | – |
| Technology & Infrastructure | Nill |
Prasol Chemicals Limited Promoters – Pre offer equity (Approx)
| Usha Rajnikant Shah | ~11.86% |
| Gaurang Natwarlal Parikh | ~8.97% |
| Nishith Rasikal Dharia | ~8.59% |
| Sachin Jatin Parikh | ~3.45% |
| Dhaval Nalim Parikh | ~3.10% |
Prasol Chemicals Financial Data
| 2023 | 2024 | 2025 | |
| Revenue (₹ Cr) | ₹ 930.1 | ₹ 876.6 | ₹ 1,012.5 |
| Profit (₹ Cr) | ₹ 48.6 | ₹ 18.1 | ₹ 43.6 |
| Asset (₹ Cr) | ₹ 692.5 | ₹ 626.4 | ₹ 723.1 |
| Net Worth (₹ Cr) | ₹ 309.2 | ₹ 325.8 | ₹ 367.5 |
Prasol Chemicals IPO Grey Market Premium
| Date | IPO Price | IPO GMP | Profit per lot |
| 26-Dec | ₹ – | ₹ – | ₹ – |
| 25-Dec | ₹ – | ₹ – | ₹ – |
| 24-Dec | ₹ – | ₹ – | ₹ – |
| 23-Dec | ₹ – | ₹ – | ₹ – |
| 22-Dec | ₹ – | ₹ – | ₹ – |
Prasol Chemicals Limited IPO Pros & Cons
Strengths:
- Strong global presence with 1,100+ customers across 69 countries supports stable, diversified revenue.
- Broad specialty-chemicals portfolio ensures steady demand across pharma, agro, coatings, and personal-care sectors.
- Improving financial performance with rising revenue and expanding profit margins boosts investor confidence.
- Scalable manufacturing capacity and planned expansions position the company for future growth.
- R&D-driven product innovation strengthens competitiveness and enables high-margin specialty offerings.
Risks:
- High dependence on volatile raw-material prices may pressure profitability.
- Demand is sensitive to cyclical downstream industries, affecting revenue stability.
- Large export exposure increases currency, logistics, and receivable-delay risks.
- Limited fresh-capital infusion may restrict aggressive expansion plans.
- Regulatory compliance and operational disruptions could materially affect manufacturing and sales.
Prasol Chemicals Limited Lot Size details
| Application Type | Lot Size | No. of Lots | No. of Shares | Investment Amount |
| Retail(Min) | – | 1 | – | ₹ – |
| Retail (Max) | – | 13 | – | ₹ – |
| Small HNI (Min) | – | 14 | – | ₹ – |
| Small HNI (Max) | – | 66 | – | ₹ – |
| Big HNI (Min) | – | 67 | – | ₹ – |
Core Offerings of Prasol Chemicals Limited
It produces acetone-based and phosphorus-based speciality chemicals including solvents, phosphorous derivatives, surfactants, performance additives, ethers, esters, polymers and acids serving industries like pharmaceuticals, agrochemicals, paints/construction, home & personal care, performance chemicals.
Lead Managers / Registrars of Prasol Chemicals Limited
| Lead / Book Running Lead Managers | DAM Capital Advisors Limited |
| Registrar (RTA) | KFin Technologies Limited |
Founding Year of Prasol Chemicals Limited & Managing Director
Prasol Chemicals Limited was incorporated on 24 January 1992.
Mr. Gaurang Natwarlal Parikh is the Managing Director of the company.
Prasol Chemicals Limited FAQ
- Q1. What is the business of Prasol Chemicals Limited?
It manufactures acetone- and phosphorus-based speciality chemicals, along with other high-value intermediates supplying sectors such as pharmaceuticals, agrochemicals, coatings, home & personal care and lubricants. - Q2. Why is the company raising funds via IPO?
Company is raising funds for repayment of existing borrowings and to strengthen the company’s balance sheet, with leftover funds earmarked for general corporate purposes and capacity expansion. Also offer for sale funds will go to promoters diluting their shares. - Q3. What is the size of the issue and where will it list?
The issue size is ₹ 500 crore. It will be listed on the BSE & NSE platform. - Q4. What are the risks to an investor?
The risks include dependence on global raw-material prices, sensitivity to demand cycles of downstream industries, and execution risk tied to expansion and working-capital cycles could affect business performance. - Toggle TitleQ5. What are the potential upsides?
The positive sides of investing in the IPO include strong demand across multiple industries, diversified global customer base, growing export reach, and robust financials with improving profits indicate potential for solid long-term growth. - Q6. How to apply for the IPO?
You can apply via ASBA through your bank or your brokerage platform, in line with standard IPO application processes once the IPO opens - Q 7. When is the tentative listing date?
Expected listing date is yet to be announced.
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