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Prasol Chemicals Limited

MainboardlistedNSE · BSE
08 Sep 2026 – 10 Sep 2026
LISTED
Offer Price
₹643–676
Bid lot
22
Min Application
₹14,872
Issue Size
₹500 Cr

Key dates

Open date
08 Sep 2026
Done
Close date
10 Sep 2026
Done
Basis of allotment
11 Sep 2026
Done
Initiation of refunds
11 Sep 2026
Done
Credit to demat
11 Sep 2026
Done
Listing date
16 Sep 2026
Done

Issue reservation

₹500 Cr
QIB 50%10%5%Retail 35%
QIB
37.0 L sh · ₹250.00 Cr
50%
HNI (10L+)
7.4 L sh · ₹50.00 Cr
10%
HNI (2-10L)
3.7 L sh · ₹25.00 Cr
5%
Retail
25.9 L sh · ₹175.00 Cr
35%
Applications required for 1× subscription
Retail (≤₹2L)
1,17,670 forms
S-HNI (₹2–10L)
1,201 forms
B-HNI (>₹10L)
494 forms
From this issue's reservation split and lot size — the minimum bid each category can place.
BRLM: Dam Capital Advisors Limited (Formerly Idfc Securities Limited)

Lot ladder — how much to bid

1 lot = 22 shares
Retail · Up to ₹2 L1–13 lots
Min · 1 lot
22 sh · ₹14,872
Max · 13 lots
286 sh · ₹1,93,336
S-HNI · ₹2 L to ₹10 L14–67 lots
Min · 14 lots
308 sh · ₹2,08,208
Max · 67 lots
1,474 sh · ₹9,96,424
B-HNI · Above ₹10 L68+ lots
Min · 68 lots
1,496 sh · ₹10,11,296
Entry point
₹10,11,296 onward

Issue details

Lead managersDam Capital Advisors Limited (Formerly Idfc Securities Limited)
Fresh issue11,83,432 sh · ₹80 Cr
Offer for sale62,13,018 sh · ₹420 Cr
Face value₹10
Listing onNSE · BSE
RegistrarKfin Technologies Ltd.
Grey-market sentiment
Premium / share
₹-15
Est. listing price₹661
Est. listing gain-2.2%

⚠ Grey-market premium is unofficial, unregulated and not investment advice. 7-day trend shown.

Financials

Particulars

FY26

FY25

FY24

Assets

839.28

723.09

626.36

Total Income

1,237.85

1,015.54

887.56

PAT

83.12

43.57

18.13

Net Worth

448.51

367.46

325.84

Reserves & Surplus

436.91

355.87

314.24

Total Borrowings

110.06

101.05

82.07

Objects of the issue
  • Fresh Issue: Funds will be used to meet the company’s general corporate needs.

  • Debt Repayment: ₹60 crore will be used to repay/prepay outstanding borrowings.

About the company

Founded in 1992 by Mr. Nishith Shah, Prasol Chemicals Limited is one of India’s leading specialty chemical manufacturers, delivering high-quality solvents, additives, and specialty chemicals to customers across India and global markets.

With a strong focus on quality, innovation, reliability, and sustainability, Prasol serves diverse industries including Agrochemicals, Pharmaceuticals, Home & Personal Care, Paints & Coatings, Inks, Construction, Adhesives, and Performance Chemicals. Our expertise spans Lubricant Additives, Mining Chemicals, Oilfield & Refinery solutions, and Construction Chemicals.

Driven by innovation and responsible manufacturing, we continuously develop high-performance, sustainable, and customized chemical solutions that meet evolving customer needs and create long-term value.

Prasol Chemicals Limited — delivering innovative chemistry for a better, more sustainable future.

Company strengths

  • Strong R&D Focus: Experienced R&D team of 15+ scientists and chemical engineers focused on specialty and customized products.

  • Innovation Driven: Continuous product development and conversion of waste streams into value-added products.

  • Strong Customer Relationships: Long-standing customer base supported by technical expertise and a diversified product portfolio.

  • Wide Market Reach: Direct marketing and distributor network supporting expansion in domestic and export markets.

  • Skilled Workforce: Focus on attracting, developing, and retaining skilled employees.

  • Sustainable Operations: Environmentally efficient facilities with zero liquid discharge, minimizing emissions and waste.

Promoters

Nishith Rajnikant ShahGaurang Natwarlal ParikhDhaval Nalin ParikhPankil Nishith DhariaSachin Jatin ParikhRakesh GuptaNishith Rasiklal DhariaKunal Tushar DhariaSuketu Navinchandra ParikhUsha Rajnikant Shah

Registered office & contact

Prasol Chemicals Limited.

Address - Prasol House, Plot No A - 17/2/3,

T. T. C, Industrial Area, Khairne M.I.D.C.,

Navi Mumbai,

Thane, Maharashtra, 400710

📞 +91-22-61952500

✉️ investorservices@prasolchem.com

Documents

Filed with SEBI / the exchange by the issuer. Opens on the issuer's or the regulator's site.

How to apply
1Create your account & log inSign up on Investoyard and complete a quick KYC.
2Pick the IPO & tap ApplyOpen the live IPO and choose your investor category.
3Enter bid & quantityUp to 3 bids · cut-off or price band · retail cap ₹2,00,000.
4Approve the UPI mandateYou receive a fund-block request on your UPI app.
5DoneFunds stay blocked until allotment, then auto-debited (or released).
Frequently asked questions
What is the minimum investment in the Prasol Chemicals Limited IPO?

One lot of 22 shares — ₹14,872 at the upper price band of ₹676.

How many bids can I place?

Up to 3 bids per application. Retail applications are capped at ₹2,00,000; above that you must apply in the HNI category.

When are the funds debited?

Funds are blocked via a UPI mandate at application and debited only on allotment. If shares are not allotted, the block is released automatically.

When will the shares list?

Tentative listing on 2026-09-16 on NSE / BSE.

₹643–676
Applications are closed.