Prasol Chemicals IPO
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Prasol Chemicals IPO details
Schedule of Prasol Chemicals
| Issue open date | 08 Sep 2026 |
| Issue close date | 10 Sep 2026 |
| UPI mandate deadline | 10 Sep 2026 (5 PM) |
| Allotment finalization | 11 Sep 2026 |
| Refund initiation | 15 Sep 2026 |
| Share credit | 15 Sep 2026 |
| Listing date | 16 Sep 2026 |
| Mandate end date | 25 Sep 2026 |
| Lock-in end date for anchor investors (50%) | 10 Oct 2026 |
| Lock-in end date for anchor investors (remaining) | 09 Dec 2026 |
Note: The schedule is tentative. The anchor lock-in period ends 30 days after the actual allotment date for 50% of the shares and 90 days after for the remaining portion. The allotment status can be checked on the registrar's website and the exchange website.
About Prasol Chemicals
Prasol Chemicals operates as a forward-integrated manufacturer specializing in acetone and phosphorus-based specialty chemicals, as well as other complex and differentiated specialty chemistries. The business generates revenue across five primary application segments: performance chemicals, which include lubricant additives and mining chemicals; paints, inks, construction, and adhesives; pharmaceuticals; agrochemicals; and home and personal care products. Utilizing a business-to-business-to-consumer model, the product portfolio encompasses over 150 specialty chemical offerings. Manufacturing activities are conducted at two main facilities located in Khopoli and Mahad, Maharashtra, supported by a dedicated research and development laboratory in Navi Mumbai. The operations are international in scale, with products exported to 69 countries. The core activities involve customizing formulations to meet specific industry demands while managing an integrated supply chain that relies on key raw materials such as acetone and yellow phosphorus.
Financials of Prasol Chemicals
Issue size
| Funds Raised in the IPO | Amount (₹ crores) |
| Total issue size | 500 |
| Fresh Issue – Proceeds go to the company | 80 |
| Offer for sale – Proceeds go to the existing investors | 420 |
Utilisation of proceeds
| Purpose | INR crores (%) |
| Repayment / pre-payment of borrowings | 60 (75%) |
| General Corporate Purposes | 20 (25%) |
Strengths
- Forward-integrated manufacturer offering over 150 specialty chemicals.
- Diversified revenue streams across five major application industries.
- Global operational scale with exports reaching 69 countries.
- Strong R&D capabilities with a pipeline of 40 new formulations.
- Facilities meet stringent international regulatory and quality standards.
Risks
- Dependent on two facilities vulnerable to regulatory shutdowns.
- Handling hazardous raw materials exposes operations to accident liabilities.
- Significant reliance on a limited number of raw material suppliers.
- A substantial portion of revenue is concentrated among top 10 customers.
- Historical fluctuations in net operating cash flows raise liquidity risks.