Prasol Chemicals IPO
Market Sentiment
The overall score is a weighted average of the parts below, so one weak part can sit inside a strong overall reading.
IPO Details
Market Lot Size
IPO Reservation
Day-wise Subscription (times subscribed)
| Category | Day 1 | Day 2 | Day 3 |
|---|---|---|---|
| QIB | 0.00x | 0.05x | 7.59x |
| NII | 0.31x | 0.66x | 1.88x |
| bNII > ₹10L | 0.16x | 0.37x | 1.22x |
| sNII 2-10L | 0.60x | 1.24x | 3.21x |
| Retail | 0.69x | 1.14x | 1.79x |
| Total | 0.41x | 0.72x | 3.47x |
Financial Analysis
Financial Data
Financial Performance
| Metric | 2024 (Consolidated) | 2025 (Consolidated) | 2026 (Standalone) |
|---|---|---|---|
| Revenue | 887.56 | 1,015.54 | 1,237.85 |
| Expense | 848.28 | 956.25 | 1,125.95 |
| Profit (PAT) | 18.13 | 43.57 | 83.12 |
| Total Assets | 626.36 | 723.09 | 839.28 |
Peer Comparison
| Company | EPS | P/E | RoNW % | NAV | Income |
|---|---|---|---|---|---|
| Prasol Chemicals This IPO | 14.33 | - | 18.53 | 77.33 | - |
| Aarti Industries Limited | 11.56 | 46.75 | 7.04 | 164.27 | 8,291.00 Cr |
| Atul Limited | 230.25 | 28.04 | 10.95 | 2,136.46 | 6,476.44 Cr |
| Laxmi Organics Limited | 2.87 | 59.74 | 4.00 | 71.66 | 2,861.97 Cr |
| Vinati Organic Limited | 42.80 | 30.95 | 14.03 | 304.99 | 2,279.53 Cr |
| Privi Speciality Chemicals Limited | 81.08 | 42.67 | 21.99 | 368.79 | 2,582.92 Cr |
| Yasho Industries Limited | 20.95 | 206.68 | 5.69 | 368.18 | 831.31 Cr |
| Excel Industries Limited | 60.19 | 17.12 | 4.44 | 1,354.74 | 1,121.85 Cr |
Strengths & Risks
- Strongly subscribed — 3.5x overall (so far).
- Strong institutional (QIB) demand — 7.6x.
- Revenue grew 22% in the latest reported year.
- Strong return on equity — 20%.
- Low leverage — debt/equity of 0.19.
- Largely an offer for sale — most proceeds go to selling shareholders, not the company.
Compiled from this issue's live GMP, subscription, valuation and financial data, and updated as those figures change. Informational only — not investment advice. Always read the RHP before applying.
Company Information
About Prasol Chemicals
Prasol Chemicals, founded in 1992, is a speciality chemicals manufacturer. The firm manufactures over 150 specialty chemicals, such as acetone-based, phosphorus-based, and other complex chemicals. Its product portfolio includes 21 acetone-based chemicals, 53 phosphorus-based chemicals, and 76 other specialty chemicals. Its products cater to a wide range of industries: performance chemicals (like lubricants and mining additives), paint, inks, construction, and adhesives (PICA), pharmaceuticals, agrochemicals, and home and personal care. Major customers include Alembic Pharmaceuticals, Lubrizol India, Rossari Biotech, Clean Science, Gharda Chemicals, Croda India, Supriya Lifescience, and Yasho Industries. So far, the firm has served 1600 customers and exports to 69 countries. Moreover, Prasol Chemicals operates 2 manufacturing facilities in Khopoli (1,20,604 sq. m.) and Mahad (1,19,423 sq. mt.).
Company Contact Information
Prasol Chemicals Ltd., Prasol House, Plot No A – 17/2/3,, T. T. C, Industrial Area, Khairne M.I.D.C.,, Navi Mumbai,, Thane, Maharashtra, 400710
Objects of the Issue
| Purpose | Amount (Cr) |
|---|---|
| Repayment and/ or pre-payment, in full or part, of certain borrowings availed by our Company | 60.00 |
| General Corporate Purpose | - |
Resources & Documents
Anchor Investors
Prasol Chemicals IPO - Quick Take
Prasol Chemicals has set a price band of Rs 643–Rs 676 per share for an issue size of Rs 500 crore. The stock listed with a 9.62% discount versus its issue price on September 16, 2026.
The issue is promoted by 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 Parik… with Dam Capital Advisors Ltd. acting as lead manager. Net proceeds will primarily be used towards repayment and/ or pre-payment, in full or part, of certain borrowings availed by our Company (Rs 60 crore) and general Corporate Purpose.
On fundamentals, the company is posting revenue growth of 21.9%, a profit margin of 6.7%, return on equity of 20.4% in its most recent reported period. Listed peers in this segment include Aarti Industries Limited (P/E 46.75x) and Atul Limited (P/E 28.04x) — useful reference points when evaluating the issue's pricing relative to where the broader sector is trading.
On our data-signal score, the combined signals for this issue currently read weak — several key indicators are reading below average. This is a summary of public data, not a recommendation to apply or skip. Past performance does not predict future returns — review the price chart and peer comparison below before trading.
Frequently Asked Questions
Prasol Chemicals IPO GMP — What It Means
GMP stops mattering once the shares trade — it only ever estimated the listing price. The summary at the top of this page compares the last pre-listing GMP with how the shares actually listed. Its last GMP before listing was -1.9%. Of the 15 Mainboard IPOs we have tracked with a final GMP below zero, 2 listed above, 0 flat and 13 below the issue price; Prasol Chemicals listed 9.6% below its issue price.
See the full Prasol Chemicals GMP history and trend, or learn how grey market premium works and how reliable it is.
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