Prasol Chemicals IPO
UPCOMINGMAINBOARDUpcoming Issue
₹500.00 Cr
Opens
08 Sep 2026
Fresh / OFS
₹80.00 Cr / ₹420.00 Cr
- Price Band
- ₹643 – ₹676
- Lot Size
- 22
- Lot Value
- ₹14,872
- Open Date
- 08 Sep 2026
- Close Date
- 10 Sep 2026
- Min Investment
- ₹14,872
About Prasol Chemicals
Use of IPO Proceeds
Total allocation: ₹60.00 Cr (excludes issue expenses)
Promoters
Nishith Rajnikant Shah
Chairman and Whole-time Director
Oversees the overall strategy and vision of the Company and has been instrumental in the Company's growth and development.
Gaurang Natwarlal Parikh
Managing Director
Oversees business development and R&D and has been instrumental in the Company's growth and development.
Dhaval Nalin Parikh
Joint Managing Director
Oversees international sales and manufacturing operations and has been instrumental in the Company's growth and development.
Pankil Nishith Dharia
Whole-time Director – Strategy and Business Development
Oversees business development, information technology and supply chain management and has been instrumental in the Company's growth and development.
Sachin Jatin Parikh
Promoter
Rakesh Gupta
Promoter
Nishith Rasiklal Dharia
Promoter
Kunal Tushar Dharia
Promoter
Suketu Navinchandra Parikh
Promoter
Usha Rajnikant Shah
Promoter
Investment Analysis
Quick Analysis: 6 strengths · 6 risk factors· Exchange: BSE, NSE
Strengths (6)
- •Over 150 specialty chemical products serving 1,600+ customers across 56 countries
- •Largest acetone importer in India with only isophorone manufacturer status
- •Three decades of manufacturing track record with sustained financial growth
- •Experienced leadership team with deep domain expertise in specialty chemicals
- •Established R&D capabilities with 40-product pipeline at various development stages
- •ISO certified manufacturing facilities with zero liquid discharge and environmental focus
Risk Factors (6)
- •Manufacturing facility shutdowns and disruptions at Khopoli and Mahad could adversely affect business operations and financial condition
- •First public issue with no formal market history; no assurance of active trading or price sustainability post-listing
- •Business dependent on Indian economy; subject to political, economic factors and regulatory changes beyond management control
- •Variation in Net Proceeds utilization requires shareholder approval; delays may adversely affect business operations and growth
- •Company receives no proceeds from Offer for Sale; only Fresh Issue proceeds available for stated objects
- •Non-GAAP measures lack comparability across companies; actual results may differ materially from forward-looking statements
📊 Algorithmic Score
Computed from issue structure — GMP, fresh issue %, OFS %, issue size
Why do these differ? The Algorithmic Score measures issue quality (structure, size, promoter commitment). The Demand Analysis measures investor interest signals (subscription, GMP, risks). A high-quality issue can still have unconfirmed demand — especially before subscription opens.
✍️ Demand & Risk Analysis
Based on market demand signals — subscription, GMP trend, risk factors
IPO Market Analysis
ANALYSIS PENDINGRating will be available once IPO opens for subscription.
This is algorithmic analysis, not investment advice. Always read the DRHP before investing.
GMP Trend
GMP data will appear a few days before the IPO opens.
Quick Profit Calculator
Pre-filled: Issue Price = ₹676, Lot Size = 22 shares
Number of Lots
| Lots | Investment |
|---|---|
| 1 | ₹14,872 |
| 2 | ₹29,744 |
| 3 | ₹44,616 |
| 5 | ₹74,360 |
| 10 | ₹1,48,720 |
Estimated profit based on GMP. Actual listing price may vary.
Investor Quota
Approx. shares reserved per category
Estimated from total issue size; actual reserved lots are set in the RHP.
Application Lot Sizes
Retail caps at ₹2,00,000 (13 lots here). S-HNI is ₹2L–₹10L, B-HNI is above ₹10L.
| Category | 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) | 66 | 1,452 | ₹9,81,552 |
| B-HNI (min) | 67 | 1,474 | ₹9,96,424 |
Subscription Status
Subscription data will appear once bidding begins.
IPO Timeline
Issue Opens
08 Sep 2026 · Tue
Issue Closes
10 Sep 2026 · Thu
Bidding Cut-off (UPI Mandate)
10 Sep 2026 · 5:00 PM IST
Allotment
11 Sep 2026 · Fri
Listing
16 Sep 2026 · Wed
Issue Opens
08 Sep 2026 · Tue
Issue Closes
10 Sep 2026 · Thu
Bidding Cut-off (UPI Mandate)
10 Sep 2026 · 5:00 PM IST
Allotment
11 Sep 2026 · Fri
Listing
16 Sep 2026 · Wed
IPO Details
| Registrar | KFin Technologies Limited |
| Exchange | BSE, NSE |
| ISIN | — |
| Face Value | ₹2 |
| Issue Size | ₹500.00 Cr |
| Fresh Issue | ₹80.00 Cr |
| OFS Size | ₹420.00 Cr |
| Lead Managers | — |
3-Year Financial Summary
Revenue trend
↑ FY24→FY25
| Fiscal Year | Revenue (₹Cr) | PAT (₹Cr) | EPS | P/E | ROE |
|---|---|---|---|---|---|
| FY25 | 1,012.49 | 43.57 | — | — | — |
| FY24 | 876.56 | 18.13 | — | — | — |
Detailed Line Items (₹ Cr)
| Line Item | FY24 | FY25 |
|---|---|---|
| EBITDA | 60.53 | 87.77 |
| Net Worth | 325.84 | 367.47 |
From the company's offer document (DRHP/RHP); restated figures where available.
Company Fundamentals
9 sections extracted from this filingCapital Structure
| Authorised Capital | — |
| Issued Capital | ₹1.16 Cr |
| Paid-up Capital | ₹1.16 Cr |
| Equity Shares (Pre-Issue) | — |
| Equity Shares (Post-Issue) | — |
Source: Prasol Chemicals offer document (DRHP/RHP).
Shareholding Pattern
Pre-Issue
Pre-Issue not disclosed in this filing.Not separately disclosed in Prasol Chemicals's filing.
Post-Issue
Post-Issue not disclosed in this filing.Not separately disclosed in Prasol Chemicals's filing.
Source: Prasol Chemicals offer document (DRHP/RHP).
Reservations & OFS
Investor Reservation
- QIB+50.00%
- NII / HNI+15.00%
OFS Selling Shareholders
No offer-for-sale component (or sellers not disclosed).
Source: Prasol Chemicals offer document (DRHP/RHP).
Board & Management
Board of Directors (10)
- Nishith Rajnikant Shah
Chairman and Whole-time Director
- Gaurang Natwarlal Parikh
Managing Director
- Dhaval Nalin Parikh
Joint Managing Director
- Pankil Nishith Dharia
Whole-time Director – Strategy and Business Development
- Rakesh Shivaji Jadhav
Whole-time Director – EHS, Governance and Business Process
- Lakshmi Kantam Mannepalli
Non-Executive Independent Director
Bachelor's degree in Science from Andhra University; Master's degree and PhD in Chemistry from Kurukshetra University
11 years in Teaching
- Ajay Motilal Jain
Non-Executive Independent Director
Bachelor's degree in Chemical Engineering from Indian Institute of Technology, Bombay
17 years
- Srinivasan Subramanian
Non-Executive Independent Director
Bachelor's degree in Science (Majors in Chemistry) from University of Madras; Certified Chartered Accountant and Company Secretary
17 years in finance industry
- G Ramakrishnan
Non-Executive Independent Director
Master's degree in Commerce from University of Bombay; Fellow member of the Institute of Chartered Accountants of India and the Institute of Cost and Work Accountants of India
40 years in accounting and finance
- Narayanan Pulukhool Nair
Non-Executive Independent Director
Master's degree in Commerce from Osmania University; Diploma in materials management from the Indian Institute of Materials Management
29 years in supply chain and marketing
Key Managerial Personnel (2)
- Rahul Ashit Shroff₹0.10 Cr p.a.
Chief Financial Officer and Finance Director
Bachelor's degree in Engineering from Mumbai University; Master of Business Administration from New York University; Master of Science in Industrial and Systems Engineering from University of Southern California
11 years overall
- Kiran Rajendra Agrawal₹0.01 Cr p.a.
Company Secretary and Compliance Officer
Qualified Company Secretary; Bachelor's degree in Commerce from University of Bombay
25 years in handling secretarial and compliance matters
Source: Prasol Chemicals offer document (DRHP/RHP).
Industry & Market
Industry & market data not disclosed in this filing.Market-size/industry detail was not extracted from Prasol Chemicals's filing.
Peer Comparison
| Company | P/E | EPS | RoNW % | NAV |
|---|---|---|---|---|
| Prasol Chemicals Limited | — | 14.33 | 18.53 | 77.33 |
Material Litigation
| Type | Against | Matters | Amount (₹Cr) |
|---|---|---|---|
| Criminal | Company | 3 | 0.086 |
| Statutory | Company | 1 | 0.038 |
| Environmental | Company | 1 | — |
| Tax | Company | 9 | 0.434 |
| Labour | Company | 1 | — |
| Criminal | Promoters | 6 | — |
| Tax | Promoters | 4 | 0.28 |
| Tax | Directors | 2 | 0.06 |
The company faces multiple material litigations including criminal proceedings against promoter Gaurang Natwarlal Parikh for industrial accidents (fatalities from chemical mixing and gas leaks in 2022-2023), tax proceedings totaling ₹43.42 million, and regulatory matters from MPCB for manufacturing facility shutdowns and non-compliances. Outstanding litigation involves the company, promoters, and directors with aggregate amounts of ₹97.85 million, though the company contests several claims.
Registrar (RTA)
SEBI-registered Registrar & Transfer Agent — handles allotment and refunds.
Registrar:KFin Technologies Limited→Documents
Frequently Asked Questions
When is the Prasol Chemicals IPO opening?
The Prasol Chemicals IPO opens on 08 Sep 2026 and closes on 10 Sep 2026. Check this page for the latest updates as we refresh every 30 minutes.
What is the price band of the Prasol Chemicals IPO?
The price band for the Prasol Chemicals IPO is ₹643 to ₹676. The final price is announced after the book-building process and is confirmed before listing.
What is the lot size and minimum investment for the Prasol Chemicals IPO?
The minimum lot size is 22 shares with a minimum investment of ₹14,872. Retail investors can apply for up to the retail limit defined by SEBI.
What is the GMP of Prasol Chemicals IPO today?
Grey Market Premium data for Prasol Chemicals is not available yet. It typically starts appearing a few days before the IPO opens.
When will the Prasol Chemicals IPO list on NSE and BSE?
The Prasol Chemicals IPO is expected to list on 16 Sep 2026 on BSE, NSE. Actual listing day trading begins at the start of the normal market session.
How can I check the Prasol Chemicals IPO allotment status?
The registrar for this IPO is KFin Technologies Limited. You can check your allotment status on the registrar's portal using your PAN, application number, or DP ID. We link to the registrar directly on our allotment page after the allotment date.
Is the Prasol Chemicals IPO a mainboard or SME issue?
Prasol Chemicals is a mainboard IPO that will list on the main NSE and BSE boards. Mainboard IPOs are open to retail investors with a minimum application of one lot.
How do I apply for the Prasol Chemicals IPO?
You can apply for the Prasol Chemicals IPO through any SEBI-registered broker such as Zerodha, Upstox, or Angel One using UPI or ASBA. Use the Apply Now buttons on this page to go directly to the broker.
Should I subscribe to Prasol Chemicals IPO?
Based on our algorithmic analysis, Prasol Chemicals IPO is rated UNRATED with low confidence. Rating will be available once subscription and GMP data is collected. This is not investment advice — please read the DRHP and consult a financial advisor before investing.
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