Prasol Chemicals IPO GMP, Date, Price Band & Review

Prasol Chemicals IPO Overview

Prasol Chemicals IPO is a 100% book-built issue of up to ₹500 crore, comprising a fresh issue of up to ₹80 crore and an offer for sale (OFS) of ₹420 crore, with a face value of ₹2 per share. The company filed its DRHP with SEBI on October 14, 2025.

The price band of the issue is set between ₹643 to ₹676 per share and the lot size for an application is 22 shares. The minimum amount of investment required by an individual investor is ₹14,872 (22 shares). The IPO will be open for subscription from September 8 to 10, 2026, on the BSE and the NSE platforms, with a tentative listing date fixed as September 16, 2026.

For the Prasol Chemicals IPO, DAM Capital Advisors Ltd. is the Book Running Lead Manager (BRLM) and KFin Technologies Ltd. is the Registrar to the issue.

Prasol Chemicals IPO Date & Timeline

The Prasol Chemicals IPO is officially set to open for subscription on Sep 8, 2026 and will close on Sep 10, 2026. The company initially filed its Draft Red Herring Prospectus (DRHP) on October 14, 2025 and has now finalized its schedule following SEBI approval. Once the subscription window closes, allotment is expected on Sep 11, 2026. Following this, the firm will initiate refunds and credit shares to successful investors' demat accounts on Sep 15, 2026. Finally, shares of Prasol Chemicals Ltd. are tentatively scheduled to list on the stock exchanges on Sep 16, 2026.

Prasol Chemicals IPO GMP

“Grey Market Premium” or GMP is defined as the rate at which the IPO's shares are traded in the market before they are officially listed on the stock exchange.

The Prasol Chemicals IPO GMP is currently trading at ₹25 reflecting the sentiment of unofficial investors before the official listing. This premium suggests a potential listing price of ₹701, which is 3.70% above the issue price. While the Grey Market Premium is a key indicator of demand and investor appetite, it is important to remember that GMP is highly volatile and should not be the sole factor in your investment decisions.

Company Background

Prasol Chemicals Ltd. was incorporated on January 24, 1992, as "Prachi Poly Products Private Limited". The company was headquartered in Navi Mumbai, Maharashtra. Over the years, it has had many changes and was renamed Prasol Chemicals Ltd. in 2007 to suit its growing business operations.

Currently, it is a diversified speciality chemicals producer with more than 30 years of experience and delivers over 150 speciality chemicals, including acetone-based, phosphorous-based and other complex chemicals, totalling 21 acetone-based chemicals, 53 phosphorous-based chemicals and 76 other speciality chemicals.

The company has developed a strong presence in both the domestic and global markets. It caters to a broad range of industries, supplying necessary chemical inputs that drive the economy.

Operations & Product Range

Prasol Chemicals Ltd. mainly operates in 3 major segments of chemicals: acetone-based, phosphorus-based and other speciality chemicals. The company is a critical part of the chemical value chain, as it has been the largest importer of acetone in India for the last 3 years (CY22-CY24) to produce a broad range of speciality chemicals. Its offerings include:

• • Acetone-based chemicals (diacetone alcohol, isophorone and hexylene glycol).
• • Phosphorus-based chemicals (produced from yellow phosphorus, which serves the growing sectors).

The chemicals produced by Prasol Chemicals Ltd. are critical for the respective end-use industries of agrochemicals, pharmaceuticals, personal care, lubricants and performance materials.

Facilities & Capacity

Prasol Chemicals Ltd.’s manufacturing prowess is mainly based in the state of Maharashtra, with 2 major operational facilities known as the Manufacturing Facilities, namely the Khopoli Manufacturing Facility and the Mahad Manufacturing Facility, both of which are situated in Raigad. Additionally, Prasol Chemicals Ltd. is the sole isophorone manufacturer in India, with an installed capacity of 9,000 MTPA.

Brands & Market Presence

Prasol Chemicals Ltd. has a presence spanning over three decades (30+ years) and an irreplaceable image has been built in global markets for reliability. Its market position is distinguished by its scale; it is among the top 5 importers and users of yellow phosphorus in India. The company maintains a balanced market presence with significant export exposure, supplying its speciality chemicals to various global geographies alongside its strong domestic operations.

Revenue Streams & Business Model

Prasol Chemicals Ltd. operates a B2B business model, generating revenue primarily from manufacturing and exporting over 150 speciality chemical products. Its core revenue streams stem from acetone-based, phosphorus-based and customised speciality chemicals supplied to industries like pharmaceuticals, agrochemicals and personal care. Supported by a 3-star Export House status, it distributes to 63 countries across global markets.

Financial Performance

For fiscal year 2026, Prasol Chemicals Ltd. reported revenue of ₹1,237.84 crore. The firm demonstrated strong operational efficiency, generating an operating EBITDA of ₹139.32 crore, which translates to an operating EBITDA margin of 11.30%. Additionally, the company achieved a restated profit after tax (PAT) of ₹83.12 crore for the same period, reflecting strong profitability and sustainable growth momentum across its speciality chemicals manufacturing business.

Management & Shareholding

Prasol Chemicals Ltd. is led by a group of experienced promoters, including 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.

Before the IPO, the promoters held an 89.20% stake in the company, but after the IPO, the promoters' shareholding will be slightly diluted as the offering includes 62.13 lakh shares to be sold by the existing shareholders and also includes 11.83 lakh fresh shares, which will restructure the shareholding, as the promoters' shareholding will be down to 77.51%.

Board & Key Management

The leadership of Prasol Chemicals Ltd. is led by a team of experts with many years of experience. Nishith Rajnikant Shah serves as the Chairman & Whole-time Director and gives strategic direction to the firm. The daily operations are managed by Gaurang Natwarlal Parikh, the Managing Director. To ensure good governance, the board includes Independent Directors Lakshmi Kantam Mannepalli, Ajay Motilal Jain, Srinivasan, G Ramakrishnan and Narayanan Pulukhool Nair Subramanian for honest oversight. Together, this team uses its knowledge to help the company grow and stay successful.