Incorporated in 1992, Prasol Chemicals operates in the specialty chemicals industry. The company manufactures over 150 specialty chemicals, including acetone-based, phosphorous-based, and other complex chemicals. Its product portfolio includes 21 acetone-based chemicals, 53 phosphorous-based chemicals, and 76 other specialty chemicals (e.g. surfactants, esters, acids).
The products serve 5 major industries, including Performance chemicals (like lubricant and mining additives), paint, inks, construction, and adhesives (PICA), pharmaceuticals, agrochemicals, and home and personal care.
Manufacturing Facility: The company operates two manufacturing facility in Khopoli across 1,20,604 sq. m., Mahad across 1,19,423 sq. mt with an aggregate capacity of 98,644 MT per year.
Key customers: Alembic Pharmaceuticals, Lubrizol India, Rossari Biotech, Clean Science, Gharda Chemicals, Croda India, Supriya Lifescience, Yasho Industries, etc. As of July 31, 2026, the company served 1600 customers and exports to 69 countries.
It is certified as a 3 Star Export House by the Indian government and have a strong global distribution network across APAC, North and South America, and Europe.
Competitive Strengths:
Prasol Chemicals Ltd.’s revenue increased by 22% and profit after tax (PAT) rose by 91% between the financial year ending with March 31, 2026 and March 31, 2025.
| Period Ended | 31 Mar 2026 | 31 Mar 2025 | 31 Mar 2024 |
|---|---|---|---|
| Assets | 839.28 | 723.09 | 626.36 |
| Total Income | 1,237.85 | 1,015.54 | 887.56 |
| Profit After Tax | 83.12 | 43.57 | 18.13 |
| EBITDA | 139.32 | 87.77 | 60.53 |
| NET Worth | 448.51 | 367.46 | 325.84 |
| Reserves and Surplus | 436.91 | 355.87 | 314.24 |
| Total Borrowing | 110.06 | 101.05 | 82.07 |
| Amount in ₹ Crore | |||
Note:-
FY 2026 financials are on standalone basis
Operating EBITDA is given.
| Company | Issue Type | Issue Size | Issue Price | PE Ratio | Listing Day Close | Listing Gain/Loss % | LTP |
|---|---|---|---|---|---|---|---|
| Sudeep Pharma Ltd. | Mainboard | ₹895.00 Cr | ₹593 | 47.61 | ₹774.15 | +30.55% | ₹1,329.30 |
| Devson Catalyst Ltd. | SME | ₹42.34 Cr | ₹118 | 9.66 | ₹205.95 | +74.53% | ₹315.75 |
| Vahh Chemicals Ltd. | SME | ₹13.45 Cr | ₹60 | 7.15 | ₹66.50 | +10.83% | ₹55.49 |
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Repayment and/ or pre-payment, in full or part, of certain borrowings availed by the company | 60.00 |
| 2 | General Corporate Purposes | |
| Total | 60.00 |
| KPI | Mar 31, 2026 |
|---|---|
| ROE | 20.37% |
| ROCE | 22.43% |
| Debt/Equity | 0.19 |
| RoNW | 18.53% |
| PAT Margin | 6.74% |
| EBITDA Margin | 11.30% |
| NAV | 77.33 |
| Valuation Metric | Pre IPO | Post IPO |
|---|---|---|
| EPS (₹) | 14.33 |
| IPO Date | 8 to 10 Sep, 2026 |
| Listing Date | Wed, Sep 16, 2026 |
| Face Value | ₹2 per share |
| Price Band | ₹643 to ₹676 |
| Lot Size | 22 Shares |
| Sale Type | Fresh capital cum OFS |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Total Issue Size | 73,96,437 shares (agg. up to ₹500 Cr) |
| Fresh Issue | 11,83,431 shares (agg. up to ₹80 Cr) |
| Offer for Sale | 62,13,006 shares of ₹2 (agg. up to ₹420 Cr) |
| Share Holding Pre Issue | 5,80,00,000 shares |
| Share Holding Post Issue | 5,91,83,431 shares |
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.
| Share Holding Pre Issue | 89.20% |
| Share Holding Post Issue | 77.51% |
As per our analysis and Based on the information we have, this is the output.
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