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Prasol Chemicals IPO
Price Band
₹643.0–676.0
Issue Size
₹500.0 Cr
Lot Size
22 shares
Min Investment
₹14,872
GMP
₹-13.0 (-1.92%)
Issue Price
₹676.0
Prasol Chemicals IPO AI Summary
- Prasol Chemicals IPO is listed on BSE, NSE in the Specialty Chemicals sector.
- Price band: ₹643.0–₹676.0 per share, lot size 22 shares (min. investment ₹14,872).
- Subscription window: 08 Sep–10 Sep 2026, listing on 16 Sep 2026.
- Current GMP is ₹-13.0 (-1.92%), an estimated listing price of ₹663 — unofficial and can change daily.
Prasol Chemicals is entering the market with a strong product portfolio in the specialty chemicals sector. The IPO is subscribed well, particularly by institutional investors, but has a negative GMP. Investors should consider their risk tolerance and investment horizon before participating.
TopFund is not SEBI-registered — this is educational analysis, not personalized investment advice.
Prasol Chemicals IPO — Third-Party Research Views
Reviews below reflect analyst calls made before this IPO closed on 10 Sep 2026 — not a current signal.
Recommendations are sourced from third-party research firms and are not TopFund's own investment advice.
Important Dates
Subscription Status
Overall Subscription
3.47x
| Category | Subscription | Status |
|---|---|---|
| QIB (Institutional) |
7.59x
|
7.59x |
| NII (HNI) |
1.89x
|
1.89x |
| ↳ bNII (>₹10L) |
1.22x
|
1.22x |
| ↳ sNII (<₹10L) |
3.23x
|
3.23x |
| Retail (RII) |
1.79x
|
1.79x |
| Total | 3.47x | 3.47x |
Auto-updated every 5 min · As of 10th Sep 2026 18:56
Prasol Chemicals IPO Grey Market Premium (GMP) Today
GMP
₹-13.0
GMP %
-1.92%
Est. Listing
₹663.0
Updated: 16 Sep 2026 07:45
GMP Trend (Last 13 Days)
About the Company
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 1,18,004 sq. m., Mahad across 79,423 sq. mt with an aggregate capacity of 87,914 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, 2025, we served 1,107 customers in 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 (₹ Cr)
As of 2026-03-31
| 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 |
Key Ratios
EPS
₹14.33
NAV
₹77.33
ROE
20.37%
ROCE
22.43%
RoNW
18.53%
PAT Margin
6.74%
Debt/Equity
0.19
Peer Comparison
| Company | NAV | RoNW | P/E (x) | EPS Basic | EPS Diluted |
|---|---|---|---|---|---|
| Excel Industries Ltd | 1354.74 | 4.44% | 17.12 | 60.19 | 60.19 |
| Yasho Industries Ltd | 368.18 | 5.69% | 206.68 | 20.95 | 20.95 |
| Privi Speciality Chemicals Ltd. | 368.79 | 21.99% | 42.67 | 81.08 | 81.08 |
| Vinati Organic Ltd. | 304.99 | 14.03% | 30.95 | 42.8 | 42.8 |
| Laxmi Organic Industries Ltd. | 71.66 | 4% | 59.74 | 2.87 | 2.86 |
| Atul Ltd. | 2136.46 | 10.95% | 28.04 | 230.25 | 230.25 |
| Aarti Industries Ltd. | 164.27 | 7.04% | 46.75 | 11.56 | 11.55 |
| Prasol Chemicals Ltd. This IPO | 77.33 | 18.53% | — | 14.33 | 14.33 |
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, Usha Rajnikant Shah
Objects of the Issue
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects: # 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
IPO Evaluation
Generated 23 Sep 2026Revenue Trend
Total income was ₹887.56 Cr for the period ending 31 Mar 2024, rising to ₹1,015.54 Cr by 31 Mar 2025, and further increasing to ₹1,237.85 Cr by 31 Mar 2026.
Profit Trend
Profit After Tax was ₹18.13 Cr for the period ending 31 Mar 2024, which rose to ₹43.57 Cr by 31 Mar 2025, and further increased to ₹83.12 Cr by 31 Mar 2026.
Valuation
Prasol Chemicals has an EPS of ₹14.33, which implies a P/E ratio of approximately 47.14 at the issue price of ₹676. The peer group has a P/E range of 17.12 to 206.68.
Grey Market Premium, Explained
The Grey Market Premium (GMP) indicates the premium at which shares are expected to trade in the unofficial market before listing. A negative GMP suggests that the shares may list below the issue price.
Subscription Demand
As of 10th Sep 2026, the IPO was subscribed 3.47 times overall. The QIB category saw a subscription of 7.59 times, while the NII category was subscribed 1.89 times. Retail investors subscribed 1.79 times.
Who This IPO Suits
Investors comfortable with short-term volatility and a long-term horizon typically weigh IPOs like this against their investment goals and market conditions.
Who May Want to Wait
Investors with a low risk appetite or those seeking stable, immediate returns may want to approach this IPO with caution.
IPO Timeline, Explained
The IPO opens on 8th September 2026 and closes on 10th September 2026. Allotment of shares will be done on 11th September 2026, and the shares are expected to be listed on the stock exchange on 16th September 2026.
Listing Gains — The Risk
Listing gains are not guaranteed and depend on market conditions at the time of listing. Investors should be aware that the stock price can fluctuate significantly on the listing day.
This evaluation is generated from Prasol Chemicals's own public IPO filing data for educational purposes and is not investment advice or a recommendation to apply, subscribe to, or avoid this issue — see Broker Recommendations below for named third-party research views (clearly attributed, not TopFund's own). TopFund is not a SEBI-registered investment adviser — see our Disclaimer.
Frequently Asked Questions
What is Prasol Chemicals IPO GMP today?
Prasol Chemicals IPO GMP today is ₹-13.0 (-1.92%), indicating an estimated listing price of ₹663. GMP is an unofficial grey-market indicator and can change daily.
What is the price band of Prasol Chemicals IPO?
The price band of Prasol Chemicals IPO is ₹643.0–₹676.0 per share.
When does Prasol Chemicals IPO open and close?
Prasol Chemicals IPO opens on 08 September 2026 and closes on 10 September 2026.
When does Prasol Chemicals IPO list on the stock exchange?
Prasol Chemicals IPO listed on 16 September 2026 at ₹663.0.
What is the lot size for Prasol Chemicals IPO?
The lot size for Prasol Chemicals IPO is 22 shares, requiring a minimum investment of ₹14,872.
What is the price band for the Prasol Chemicals IPO?
The price band is ₹643.0 to ₹676.0.
What is the minimum investment required?
The minimum investment required is ₹14,872 for a lot size of 22 shares.
When is the listing date for the IPO?
The listing date is expected to be on 16th September 2026.
What does GMP mean?
GMP stands for Grey Market Premium, which indicates the expected premium or discount at which shares will trade in the grey market before listing.
How much was the IPO subscribed?
The IPO was subscribed 3.47 times overall as of 10th September 2026.
Issue Details
Investor Allocation
Registrar
Lead Managers / Book Running
IPO Timeline
Open
08 Sep 2026
Close
10 Sep 2026
Allotment
11 Sep 2026
Listing
16 Sep 2026
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