Prasol Chemicals Limited, a company offering high-quality solvents, additives, and specialty chemicals to industries worldwide, plans to raise ₹500 crore through an IPO.
[Fresh Issue ₹80 Cr + OFS 420 Cr]
Prasol chemicals ipo price: ₹643–₹676 per share
Prasol Chemicals: History
The Company was originally incorporated as Prachi Poly Products Private Limited under the Companies Act, 1956, on January 24, 1992.
The Company was then converted into a public limited company on January 15, 2022, under a special resolution passed by the shareholders.
Its name was subsequently changed to Prasol Chemicals Limited, and the RoC issued a fresh certificate of incorporation on February 4, 2022.
Prasol Chemicals: Business
Prasol Chemicals Limited is a forward-integrated manufacturer of acetone and phosphorus-based specialty chemicals, as well as other specialty chemicals involving complex and differentiated chemistries.
The Company’s products find diversified applications across numerous industries, with 5 key segments being –
- Performance chemicals (lubricant additives & mining chemicals);
- PICA viz., (paints, inks, construction, & adhesives);
- Pharmaceuticals;
- Agrochemicals; and
- Home and Personal Care (Application Industries).
As of 30 June 2026, its portfolio comprised more than 150 products, including 53 phosphorus-based, 21 acetone-based, and 76 other specialty chemicals.
3 Star Export House
Prasol is a 3 Star Export House company, as certified by the Government of India, with a robust global distribution network spread across 69 countries in –
- Asia-Pacific (APAC),
- North America,
- South America, and
- Europe.
Manufacturing Facility
The Company operates 2 manufacturing facilities located in,
- Khopoli (Maharashtra), started in 1995, spanning a total area of 118,004.00 square meters, and
- Mahad (Maharashtra), started in 2020, spanning a total area of 79,423.00 square meters.
Research and Development (R&D)
R&D remains a central theme for growth for Prasol, with 37 in-house R&D personnel, 40 products in the development pipeline, and 13 products commercialized since April 2023.
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Client List
As of July 31, 2026, the company served 1600 customers and exports to 69 countries.
Key clients include Alembic Pharmaceuticals, Clean Science, Croda India, Gharda Chemicals, Lubrizol India, Rossari Biotech, Supriya Lifescience, Yasho Industries, etc.
Strategies Ahead
Expand production capacities for existing product portfolio.
Increased focus on R&D to support complex chemistries, product innovation, import substitution, and forward & backward integration of existing products.
Inorganic growth through strategic acquisitions, technology acquisition (licensing), or joint ventures.
Increase geographic reach and global footprint and increase wallet share with existing customers.
Focus on turnaround of greenfield investment in Mahad Manufacturing Facility to increase profitability.
Improve financial performance through focus on operational and functional efficiencies.
Company Promoters
Nishith Rajnikant Shah,
Gaurang Natwarlal Parikh,
Dhaval Nalin Parikh,
Nishith Rasiklal Dharia,
Pankil Nishith Dharia, Rakesh Gupta, Sachin Jatin Parikh, Kunal Tushar Dharia, Suketu Navinchandra Parikh and Usha Rajnikant Shah.
Refer to Prasol chemicals limited DRHP for more information.
IPO Detail
ipo date: 7 Sept – 9 Sept 2026
Minimum Amount: ₹14,880
Minimum Bid: 120 Shares
Face Value: INR 10 per share
Listing On: NSE, BSE
Financial
Book Running Lead Manager
DAM Capital Advisors
CONCLUSION
Considering financial performance and the nature of the business, FinBlab recommends ‘MAY SUBSCRIBE‘ ratings for the Prasol Chemicals IPO.
Do come back to learn more about “upcoming IPOs”.
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