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 is a forward-integrated specialty chemical manufacturer specializing in acetone and phosphorus chemistries. Operating on a B2B2C model, it offers 150+ products across 5 segments: performance chemicals, paints/coatings/adhesives, pharmaceuticals, agrochemicals, and home/personal care. The company operates two manufacturing facilities in Khopoli and Mahad (Maharashtra), an R&D center in Navi Mumbai, and exports customized formulations globally to 69 countries
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 the top 10 customers.
- Historical fluctuations in net operating cash flows raise liquidity risks.
Allotment Status for Prasol Chemicals
To check your IPO allotment status:
- Visit the Kfin Technologies IPO Application Status page.
- Select the company name from the dropdown menu.
- Select and enter one of the following: PAN, Application Number, DP/Client ID, or Account Number/IFSC.
- Click Submit to view your allotment status.
Subscription Figures for Prasol Chemicals
Grey Market Premium (GMP) is an unofficial and unregulated metric that may not accurately reflect investor interest. Instead, investors should refer to the IPO subscription data published by the stock exchanges, which is a more reliable indicator of demand.
Subscription numbers as of 05:00 PM on September 10, 2026:
| Category | Reserved (lakhs) | Applied (lakhs) | Subscription (X times) |
|---|---|---|---|
| Institutional | 15.55 | 112.28 | 7.22x |
| NII | 11.66 | 20.95 | 1.80x |
| Retail | 27.22 | 11.93 | 3.07x |
| Total | 54.43 | 179.62 | 3.30x |