- POSITIVE
Annual Revenue Prasol Chemicals Mar-2026 Annual Revenue is Rs 1,238 Cr which is growth of 21.9% YoY.
- POSITIVE
Annual Net Profit Prasol Chemicals Mar-2026 Annual Net Profit is Rs 83 Cr which is growth of 90.8% YoY.
Prasol Chemicals was incorporated on January 24, 1992. The company is a forward-integrated manufacturer of acetone and phosphorus-based specialty chemicals, offering over 150 products to 1,107 customers across 69 countries. Its products serve diverse industries, including performance chemicals, PICA (paints, inks, construction & adhesives), pharmaceuticals, agrochemicals, and home and personal care
| Bidding Dates |
|---|
| 08 Sep 2026 - 10 Sep 2026 |
| Subscription |
|---|
| 3.3x Oversubscribed |
| Minimum Investment | Minimum Lot | Maximum Lot | Lot Size | Number of Shares | Issue Price Band | Post Issue Promoter Holding % | Issue Size | IPO Document |
|---|---|---|---|---|---|---|---|---|
| ₹14,146 | 1 | 13 | 22 | 7.4 M | ₹643 - ₹676 | 76.82 % | ₹4,755.9 M - ₹5,000.0 M | RHP DOC |
Prasol Chemicals IPO SUBSCRIPTION STATUS
10 Sep '26Total3.3x
Retail Individual Investor1.7x
HNI (NII) Investors1.8x
Qualified Institutional Buyers7.22x
Prasol Chemicals IPO overall subscription rate was 3.3 times the total available shares
Prasol Chemicals IPO retail subscription rate was 1.7 times in the retail segment
Prasol Chemicals IPO non-institutional investor subscription rate was 1.8 times in the non-institutional investor category
Prasol Chemicals IPO Qualified Institutional Bidder subscription rate was 7.22 times the available shares for Qualified Institutional Bidder
| Day | Retail Individual Investor | HNI (NII) Investors | Qualified Institutional Buyers |
|---|---|---|---|
| Category Reservation | 35% | 15% | 50% |
10 Sep 2026 (Day 3) | 1.7x | 1.8x | 7.22x |
09 Sep 2026 (Day 2) | 1.14x | 0.66x | 0.05x |
08 Sep 2026 (Day 1) | 0.69x | 0.31x | 0x |
Prasol Chemicals FINANCIALS
| Period | Revenue from Operations (Rs in crore) | Net Profit (Rs in crore) | Cash Flow from Operations (Rs in crore) | Free Cash Flow (Rs in crore) | Margins |
| FY26 | 1,232.6 | 83.1 | 49.5 | 10.9 | 11.3% |
| FY25 | 1,012.5 | 43.6 | 22.3 | -0.3 | 8.7% |
| FY24 | 876.6 | 18.1 | 115.6 | 96.5 | 6.9% |
Prasol Chemicals IPO SUBSCRIPTION STATUS DETAILS
Prasol Chemicals had 7.4 M shares on offer
Prasol Chemicals IPO offer price was in the range ₹643 - ₹676
Prasol Chemicals IPO minimum Investment was ₹14146
Prasol Chemicals IPO issue size was ₹ 4,755.9 M - ₹ 5,000.0 M
Prasol Chemicals had a minimum lot size of 22 Shares per application
Prasol Chemicals NUMBER OF SHARES ON OFFER
Total7.4 M
Fresh Issue1.2 M
Offer for Sale6.2 M
Post Issue Promoter Holding %76.82 %
Prasol Chemicals IPO IMPORTANT DATES
| Issue Open Date | 08 Sep 2026 |
| Issue close Date | 10 Sep 2026 |
| Allotment Date | 11 Sep 2026 |
| Refund Date | 15 Sep 2026 |
| Demat Account Credit Date | 15 Sep 2026 |
| Listing Date | 16 Sep 2026 |
| Listing on Exchange(s) | NSE and BSE |
| Prasol Chemicals Allotment Status | Exchange/ Registrar |
Prasol Chemicals IPO subscription opened on 08 Sep 2026, and closed on 10 Sep 2026
IPO allotment for Prasol Chemicals was finalized on Friday, 11 Sep 2026
IPO listing for Prasol Chemicals was on NSE and BSE on Wednesday, 16 Sep 2026
Prasol Chemicals IPO LISTING GAINS
| Issue Price (adjusted) | 676.0 |
| Listing Open Price | 610.0 |
| Listing Close Price | 671.0 |
| Listing Gain% | -9.8% |
| Current Gain% | 30.0% |
Prasol Chemicals Peer
| Stock | Stock Price | Market Cap (Rs crore) | PE TTM | PEG TTM | PS TTM | ROE% | ROA% | Annual Revenue (Rs crore) | Annual Revenue Growth % | Annual Net Profit (Rs crore) | Annual Net Profit Growth % | EPS TTM | EPS TTM Growth % |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Prasol Chemicals Ltd. | 878.9 | 5201.6 | 62.6 | 0.7 | 4.2 | 18.5 | 9.9 | 1237.8 | 21.9 | 83.1 | 90.8 | 14 | 90.8 |
| Pidilite Industries Ltd. | 1488.5 | 151609.7 | 57.2 | 2.7 | 9.8 | 22.6 | 15.9 | 14867 | 11.1 | 2448.9 | 17.9 | 26 | 21.4 |
| SRF Ltd. | 2460 | 72920.5 | 33.7 | 0.7 | 4.3 | 13.1 | 7.6 | 15893.6 | 7.2 | 1835.2 | 46.7 | 72.9 | 51.1 |
| Gujarat Fluorochemicals Ltd. | 4555.9 | 50046.6 | 81.4 | -72.3 | 9.4 | 7.3 | 4.8 | 5126.3 | 5.6 | 577.4 | 5.7 | 56 | -1.1 |
| Himadri Speciality Chemical Ltd. | 673 | 33955.3 | 42.5 | 1.4 | 6.8 | 16 | 11.9 | 4832 | 3.6 | 751.3 | 35.2 | 15.8 | 30 |
| Aether Industries Ltd. | 1787.6 | 23726.4 | 100.9 | 3 | 19.4 | 8.9 | 6.8 | 1181.1 | 34.2 | 219.5 | 38.5 | 17.7 | 34 |
Quarterly
Annual
Balance Sheet
Ratios
Cash Flow
Prasol Chemicals annual results: revenue, profit, P&L, and margins as of Mar 2026 – 11 year history
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| Indicator | Graph | Mar '26 | Mar '25 | Mar '24 |
|---|---|---|---|---|
| 1,237.8 | 1,015.6 | 887.6 | ||
Operating Exp. Ann. | 1,093.3 | 924.8 | 816 | |
Operating Profit Ann. | 139.3 | 87.7 | 60.5 | |
OPM Ann. % | 11.26% | 8.64% | 6.82% | |
| 1,126 | 956.3 | 848.3 | ||
EBITDA Ann. | 144.6 | 90.8 | 71.5 | |
EBITDA Ann. margin % | 11.68% | 8.94% | 8.06% | |
Interest Ann. | 8 | 8.3 | 10.9 | |
Depr. | 24.7 | 23.3 | 21.4 | |
PBT Ann. | 111.9 | 59.3 | 33.5 | |
Tax Ann. | 28.8 | 15.7 | 15.4 | |
| 83.1 | 43.6 | 18.1 | ||
Net Profit Ann. | 83.1 | 43.6 | 18.1 | |
NPM Ann. % | 6.74% | 4.30% | 2.06% | |
EPS Adj. latest Ann. | 14.1 | 7.4 | 3.1 |
*All financials are in INR Cr and price data in INR
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Total Rev. Ann.
1Y CHG
21.9%
2Y CAGR
18.1%
Net Profit Ann.
1Y CHG
90.6%
2Y CAGR
114.3%
Operating Exp. Ann.
1Y CHG
18.2%
2Y CAGR
15.8%
Prasol Chemicals IPO Reports
Prasol Chemicals INFORMATION ON IPO ISSUE
About Prasol Chemicals
Prasol Chemicals was incorporated on January 24, 1992. The company is a forward-integrated manufacturer of acetone and phosphorus-based specialty chemicals, offering over 150 products to 1,107 customers across 69 countries. Its products serve diverse industries, including performance chemicals, PICA (paints, inks, construction & adhesives), pharmaceuticals, agrochemicals, and home and personal care
Object of the Issue
- Repayment and/ or pre-payment, in full or part, of certain borrowings availed by the company
- General corporate purposes
Prasol Chemicals - PROMOTERS
| Name |
|---|
| 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 |
Prasol Chemicals - MANAGEMENT & LEADERSHIP
| Name | Designation |
|---|---|
| Nishith Rajnikant Shah | Chairman & Whole-time Director |
| Gaurang Natwarlal Parikh | Managing Director |
| Dhaval Nalin Parikh | Joint Managing Director |
| Pankil Nishith Dharia | Whole-time Director |
| Rakesh Shivaji Jadhav | Whole-time Director |
| Lakshmi Kantam Mannepalli | Non-Executive Independent Director |
| Ajay Motilal Jain | Non-Executive Independent Director |
| Srinivasan Subramanian | Non-Executive Independent Director |
| G Ramakrishnan | Non-Executive Independent Director |
| Narayanan Pulukhool Nair | Non-Executive Independent Director |
Prasol Chemicals Book Running Lead Manager
DAM Capital Advisors Limited
prasol.ipo@damcapital.in
Prasol Chemicals Registrar to the Offer
KFin Technologies Limited
prasol.ipo@kfintech.com
Prasol Chemicals Strengths
Diversified product portfolio
The company is a forward-integrated manufacturer of acetone and phosphorus-based specialty chemicals involving complex and differentiated chemistries. With over 150 products supplied to 1,107 customers across 69 countries (as of July 31, 2025), its diversified applications across multiple industries help mitigate risks from business cycle fluctuations or disruptions in any single sector
Strength
R&D capabilities
The company’s specialty chemicals serve as key raw materials across multiple industries. As of July 31, 2025, it offered over 150 products and had a pipeline of 40 new products (9 post-pilot), enabling deeper engagement with existing clients and expansion into new markets
Strength
Client relationship
The company’s long-term relationships with key customers provide competitive advantages such as revenue visibility, goodwill, and cross-selling opportunities. It is a Government of India–certified 3 Star Export House with a strong global distribution network and certifications including Authorized Economic Operator (AEO), CHEMEXCIL membership, and product registrations under EU REACH and Korea REACH
Strength
Prasol Chemicals Risks
Inventory management
The company’s business depends on timely demand forecasting and effective inventory management. Since sales are primarily based on short-term purchase orders without long-term commitments, inaccurate demand estimates may lead to overproduction or shortages, affecting costs, cash flows, and profitability
Risk
Operational risks
The company handles hazardous, corrosive, and flammable materials that require expert storage and management. Any mishandling, leakage, or accident could cause injury, property damage, or operational disruption, adversely affecting its financial performance and cash flows
Risk
Improper storage & handling
Improper storage, processing, or handling of raw materials and finished goods could damage products and affect business operations. Given the varied storage and safety requirements of its products, any lapse in maintaining proper conditions may adversely impact the company’s results and financial health
Risk
IPO FAQs
This IPO consists of an offer for sale of up to Rs 420.0 crore, of 6,213,017 shares. It also consists of a fresh issue of Rs 80.0 crore.
The promoters of the company are 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.
The category allocation of qualified institutional buyers is 50.0%, the category allocation of non individual investors or high networth individuals is 15.0% and for retail investors it is 35.0%.
The price band of the IPO is Rs 643.0 - 676.0.
The IPO application opens on Sep 08, 2026 and closes on Sep 10, 2026.
The minimum lot size for the IPO is 22. The maximum lot size for the IPO is 286.
For all category investors, the minimum application amount for this IPO is Rs. 14,146.0, the maximum value for this IPO is Rs 193,336.0.
This IPO will be allotted on Sep 11, 2026.
The refund will be credited to your account on Sep 15, 2026.
The allotted shares will be credited to your demat on Sep 15, 2026.
Prasol Chemicals Ltd.’s shares listed on the stock exchanges on Sep 16, 2026.