Prasol Chemicals IPO to Open on September 8 at ₹643–₹676 Per Share
Prasol Chemicals Sets September 8 for ₹500-Crore IPO
Bilkul Bazaar
Ahmedabad
Specialty chemicals manufacturer Prasol Chemicals Limited will open its initial public offering (IPO) on September 8, 2026, with the price band fixed at ₹643 to ₹676 per equity share of face value ₹2 each. The issue will close on September 10, while anchor investor bidding is scheduled for September 7.
The IPO comprises a fresh issue of up to ₹80 crore and an Offer for Sale (OFS) of up to ₹420 crore, taking the total offer size to ₹500 crore. At the upper price band, the company is expected to command a market capitalisation of around ₹4,000.80 crore.
Investors can bid for a minimum of 22 equity shares, and in multiples of 22 thereafter. At the upper price band, a minimum lot would require an investment of ₹14,872.
Specialty Chemicals Play
Incorporated in 1992, Prasol Chemicals has more than three decades of experience in the specialty chemicals industry. The company is a forward-integrated manufacturer of acetone- and phosphorus-based specialty chemicals, along with other products involving complex and differentiated chemistries.
As of July 15, 2026, Prasol offered more than 150 specialty chemical products, served over 1,600 customers and exported to 69 countries.
Its products cater to a diversified range of industries, with five key segments: performance chemicals; paints, inks, construction and adhesives (PICA); pharmaceuticals; agrochemicals; and home and personal care.
Financial Snapshot
Prasol Chemicals reported revenue of ₹1,237.85 crore and profit after tax of ₹83.12 crore in FY26, with a reported Return on Net Worth of 18.53%. Based on the figures provided, the IPO is valued at approximately 47.17 times pre-IPO earnings.
Use of IPO Proceeds
The company plans to use the net proceeds from the fresh issue primarily towards repayment/prepayment of certain borrowings and general corporate purposes. The company’s expansion of manufacturing capabilities is also part of its broader growth strategy.
Listing and IPO Timeline
The equity shares are proposed to be listed on the Main Board of BSE and NSE. The tentative IPO timeline is:
- Anchor Investor Bidding: September 7, 2026
- IPO Opens: September 8, 2026
- IPO Closes: September 10, 2026
- Allotment: September 11, 2026
- Refund/Share Credit: September 15, 2026
- Listing: September 16, 2026
DAM Capital is the sole Book Running Lead Manager to the offer, while KFin Technologies Limited is the registrar.
With its diversified specialty-chemicals portfolio, international customer base and presence across pharmaceuticals, agrochemicals, paints and other industrial applications, the Prasol Chemicals IPO will give investors an opportunity to participate in India’s growing specialty chemicals sector.
Disclaimer: This article is for information purpose only and is not investment advice. Please read the IPO documents carefully before investing.
kindly Like the shared link and Subscribe our channel. https://youtu.be/By9P3imnjqk https://youtube.com/shorts/O4CKul-hyI8?feature=share