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Prasol Chemicals Ltd
Listed
Navi Mumbai specialty chemicals maker of acetone- and phosphorus-based chemicals for pharma, agro, coatings and personal care.
Issue details
Price band
₹643 – ₹676
Face value
₹2
Lot size
22 shares
Minimum investment
₹14,872
Issue size
₹500 Cr
Fresh issue
₹80 Cr
Offer for sale
₹420 Cr
Issue type
Book Built
Exchange
NSE, BSE
Key dates
Opens
8 Sep 2026
Closes
10 Sep 2026
UPI mandate cut-off
5:00 PM on 10 Sep 2026
Allotment
11 Sep 2026
Refunds
15 Sep 2026
Shares in demat
15 Sep 2026
Listing
16 Sep 2026
Subscription and listing
Subscription
2.71x
Listing price
₹610
Registrar
KFin Technologies Ltd
Lead manager
DAM Capital Advisors Ltd
Subscription by category
Total
2.71x
Total applications
1,75,717
Anchor investors
Amount raised
₹150.00 Cr
Bid date
7 Sep 2026
50% lock-in ends
10 Oct 2026
Rest lock-in ends
9 Dec 2026
Listing day
Issue price
₹676
Open
₹610.00
High
₹671.00
Low
₹601.00
Day close
₹671.00
Listing gain at open
-9.76%
Issue structure
Shares reserved per category and share of the total issue
QIB
36,98,218
50.00%
Anchor Investor
22,18,930
30.00%
QIB (Ex. Anchor)
14,79,288
20.00%
NII
11,09,466
15.00%
bNII > ₹10L
7,39,644
10.00%
sNII < ₹10L
3,69,822
5.00%
Retail
25,88,753
35.00%
Total
73,96,437
100.00%
Finaccle’s quick read
Avoid
Income up 22% and PAT up 91% in FY26, but 84% of the ₹500 Cr issue is OFS and the post-issue P/E is 48.1x.
A rules-based screen of growth, margins, debt and valuation, built from the offer document and data on Chittorgarh.com. It is for information only and is not investment advice or a recommendation to buy or sell. Read the RHP and speak to a SEBI-registered adviser before you apply.
About the company
Prasol Chemicals, incorporated in 1992, makes more than 150 specialty chemicals built on acetone and phosphorus chemistry, along with surfactants, esters and acids. It serves around 1,600 customers in performance chemicals, paints and coatings, pharma, agrochemicals and personal care, and exports to 69 countries. Its plants at Khopoli and Mahad in Maharashtra have capacity of about 98,644 MT a year, and FY26 income was about ₹1,238 Cr.
Founded
Promoters
Products and segments
Promoter holding
Financial performance
Period
PAT
ROE
20.37%
ROCE
22.43%
Debt / equity
0.19
PAT margin
6.74%
P/E post issue
48.11
Market cap
₹4,000.80 Cr
Use of IPO money
Repayment/prepayment of borrowings
₹60.00 Cr
General corporate purposes
₹16.39 Cr
Issue expenses
₹21.95 Cr
Strengths
✓
Broad portfolio of over 150 specialty chemicals
✓
Diversified base of about 1,600 customers
✓
Exports to 69 countries
✓
Low debt/equity of 0.19
Risks to watch
!
OFS of ₹420 Cr is 84% of the issue
!
Post-issue P/E of 48.1x is rich
!
PAT more than quadrupled from FY24 just before IPO
!
Modest PAT margin of 6.7%
!
Weak 2.71x subscription
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Last updated:
Information is compiled from exchange notices and the company’s offer document. It is for general information only and is not investment advice or a recommendation to apply. Read the prospectus before investing.