PRASOL CHEMICALS LTD IPO: Company Review, Subscription and Allotment Updates
2026-09-07 — Company overview and issue details PRASOL CHEMICALS LTD IPO (ABOUT THE COMPANY) PRASOL CHEMICALS LTD – COMPANY BACKGROUND Prasol Chemicals Ltd was incorporated in the year 1992 and is into the manufacture of specialty…
2026-09-07 — Company overview and issue details
PRASOL CHEMICALS LTD IPO (ABOUT THE COMPANY)
PRASOL CHEMICALS LTD – COMPANY BACKGROUND
Prasol Chemicals Ltd was incorporated in the year 1992 and is into the manufacture of specialty chemicals. Some of its key products are acetone-based, phosphorus-based, and other complex chemicals. Its total portfolio comprises of over 150 specialty chemicals. Its use industries include performance chemicals, pharmaceuticals, agrochemicals, home & personal care products, and adhesives. Some of its marquee customers include Lubrizol India, Rossari Biotech, Alembic Pharma, Clean Sciences, Gharda Chemicals, Supriya Lifesciences etc. It has two manufacturing facilities with total installed capacity of 98,644 MTPA. Its products are exported to Asia Pacific, the Americas, and Europe.
The promoters of Prasol Chemicals Ltd are Nishit Shah, Gaurang Parikh, Dhaval Nalin Parikh and others. The IPO will be a combination of a fresh issue of shares and an offer for sale (OFS) component. The fresh issue funds will be used for repayment / prepayment of loans availed by the company and for general corporate purposes. The OFS shares are being offered by the promoter shareholders and investor shareholders of the company. The issue is being lead-managed by DAM Capital Advisors; while KFIN Technologies Ltd (KFINTECH) is the IPO registrar.
HIGHLIGHTS OF THE IPO ISSUE OF PRASOL CHEMICALS LTD
Here are the key highlights of the public issue of Prasol Chemicals Ltd.
The IPO is open from September 08th, 2026 to September 10th, 2026. It has a face value of ₹2 per share and the IPO price band has been fixed in the range of ₹643 to ₹676 per share.
The IPO of Prasol Chemicals Ltd will be a combination of a fresh issue of shares and an offer for sale of shares by the investor shareholders.
The Fresh Issue portion of the IPO comprises the issue of 11,83,431 shares (11.83 lakh shares), which at the upper price band of ₹676 per share, translates into a fresh issue size of ₹80.00 crore.
The offer for sale (OFS) portion of the IPO comprises the sale of 62,13,006 shares (62.13 lakh shares), which at the upper price band of ₹676 per share, translates into an OFS size of ₹420.00 crore.
Therefore, the overall IPO will comprise of the fresh issue portion and offer for sale (OFS) portion comprising of 73,96,437 shares (73.96 lakh shares), which at the upper price band of ₹676 per share translates into overall issue size of ₹500.00 crore.
Due to dilutive impact of the fresh issue and the offer for sale (OFS) by promoters, the promoter stake in the company will reduce from 89.20% pre-IPO to 77.51% post-IPO.
The IPO of Prasol Chemicals Ltd will be listed on the NSE and the BSE on the IPO mainboard. The anchor allocation happened on September 07, 2026.
KEY DATES, INVESTOR ALLOCATION, AND LOT SIZES
Here are the key dates pertaining to the IPO of Prasol Chemicals Ltd
| Event | Tentative Date |
|---|---|
| IPO Open Date | Tuesday, 8 September, 2026 |
| IPO Close Date | Thursday, 10 September, 2026 |
| Basis of Allotment | Friday, 11 September, 2026 |
| Initiation of Refunds to non-allottees | Tuesday, 15 September, 2026 |
| Credit of Shares to Demat | Tuesday, 15 September, 2026 |
| Listing Date on NSE and BSE | Wednesday, 16 September, 2026 |
Data Source: Company RHP
Investors can apply either through their existing trading account or the ASBA application can be directly logged through the internet banking account. This can only be done through the authorized list of self-certified syndicate banks (SCSB).
The table below captures the gist of the allocation to various categories.
| Investor Category | Share Allocation | % Share |
|---|---|---|
| Reservation for Employees | Nil Shares | Not Applicable |
| Anchor Allocation | 22,18,930 shares | 28.96% of total IPO size |
| QIB Shares Offered | 15,55,209 shares | 20.30% of total IPO size |
| NII (HNI) Shares Offered | 11,66,406 shares | 15.22% of total IPO size |
| Retail Shares Offered | 27,21,614 shares | 35.52% of total IPO size |
| Total Shares Offered | 76,62,159 shares | 100.00% of Total IPO size |
Data Source: Security Parameters Filing (NSE)
The anchor portion, is carved out of the QIB portion and the QIB portion available in the IPO offer has been reduced proportionately. Please note that the above shares are final and may differ marginally from the original announcement.
Here is a quick look at the lot sizes applicable for the IPO of Prasol Chemicals Ltd for various categories of investors.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 22 | ₹ 14,872 |
| Retail (Max) | 13 | 286 | ₹ 1,93,336 |
| S-HNI (Min) | 14 | 308 | ₹ 2,08,208 |
| S-HNI (Max) | 67 | 1,474 | ₹ 9,96,424 |
| B-HNI (Min) | 68 | 1,496 | ₹ 10,11,296 |
It may be noted here that for the B-HNI category and for the QIB (qualified institutional buyer) category, there are no upper limits applicable. (1 Lot = 22 shares)
FINANCIAL HIGHLIGHTS OF PRASOL CHEMICALS LTD
The table captures the key financials of Prasol Chemicals Ltd for last 3 financial years.
| Particulars | FY26 | FY25 | FY24 |
|---|---|---|---|
| Net Revenues (₹ in crore) | 1,232.59 | 1,012.49 | 876.57 |
| Sales Growth (%) | 21.74% | 15.51% | |
| Profit after Tax (₹ in crore) | 83.12 | 43.57 | 18.13 |
| PAT Margins (%) | 6.74% | 4.30% | 2.07% |
| Total Equity (₹ in crore) | 448.51 | 367.47 | 325.84 |
| Total Assets (₹ in crore) | 839.28 | 723.09 | 626.36 |
| Return on Equity (%) | 18.53% | 11.86% | 5.56% |
| Return on Assets (%) | 9.90% | 6.03% | 2.89% |
| Asset Turnover Ratio (X) | 1.47 | 1.40 | 1.40 |
| Earnings per share (₹) | 14.33 | 7.51 | 3.13 |
| EBITDA (₹ in Crore) | 139.32 | 87.77 | 60.53 |
| EBITDA Margins (%) | 11.30% | 8.67% | 6.91% |
Data Source: Company RHP filed with SEBI (FY refers to Apr-Mar period)
Between FY24 and FY26, the net margins have expanded more than 3-fold to 6.74%, while the EBITDA margins has also improved to 11.3%. At the same, the ROE has also improved to 18.53% in the latest year. The company has shown a consistent track record of profitability as well as improvement in key metrics including the sweating of assets.
VALUATION METRICS OF PRASOL CHEMICALS LTD IPO
At the IPO price of ₹676 (upper band), the stock gets discounted at a P/E ratio of 47.2X, based on the latest FY26 EPS of ₹14.33. If one were to other similar companies in the peer group, the P/E ratios have been quite varied. Where Prasol Chemicals Ltd scores is that its ROE is on the higher side in the sector, which should be able to justify a higher P/E.
Apart from the financial numbers, there are also some other areas where Prasol Chemicals Ltd has an edge. It has a distribution network across 69 countries and India is becoming increasingly important in the specialty chemicals value chain globally. In most specific segments, the customer relations have existed for over 15 years. The marquee client list is an added advantage. Investors can look at the IPO to invest, keeping in mind the fact that globally chemicals demand have been quite cyclical.
2026-09-07 — Anchor allocation
PRASOL CHEMICALS LTD IPO (ANCHOR ALLOCATION 28.96%)
BRIEF ON ANCHOR ALLOCATION OF PRASOL CHEMICALS LTD
The anchor issue of Prasol Chemicals Ltd saw a strong response on 07th September 2026 with 28.96% of the IPO size absorbed by anchors. Out of 76,62,159 shares (76.62 lakh shares) on offer in the IPO; anchors picked up 22,18,930 shares (22.19 lakh shares) accounting for 28.96% of the total IPO size. The entire anchor allocation was made at the upper end of the price band of ₹676 per share. This includes the face value of ₹2 per share plus a share premium of ₹674 per share. The anchor bidding opened and closed on 07th September 2026.
KEY POINTS TO NOTE IN THE ANCHOR ALLOCATION PROCESS
Here are the key details pertaining to the anchor bidding of Prasol Chemicals Ltd
| Bid Date | September 07, 2026 |
|---|---|
| Shares Offered | 22,18,930 shares |
| Anchor Portion Size (₹ in crore) | ₹150.00 crore |
| Anchor lock-in period end date for 50% shares (30 Days) | Oct 12, 2026 |
| Anchor lock-in period end date for remaining shares (90 Days) | Dec 11, 2026 |
An anchor investor in an IPO is a qualified institutional buyer (QIB) like a foreign portfolio investor or mutual fund or insurance company or a sovereign fund which invests before the IPO is made available to the public as per SEBI regulations. It helps in price discovery.
MAJOR ANCHOR ALLOCATION INVESTORS IN PRASOL CHEMICALS LTD
On 07th September 2026, Prasol Chemicals Ltd allotted 22,18,930 shares to a total of 14 anchor investors. The allocation was done at the upper IPO price band of ₹674 per share which resulted in overall anchor allocation of ₹150.00 crore. The anchors have already absorbed 28.96% of the total issue size of ₹517.96 crore, after factoring in the employee discount offered in the IPO, if any.
Listed below are the Top 10 IPO anchor investors who accounted for anchor collection of ₹129.97 crores, or, 86.64% of the overall anchor allocation of shares, one trading day ahead of the IPO of Prasol Chemicals Ltd. The individual anchor allocation of top-10 investors is indexed descending on the number of shares allotted.
| Anchor Investors | No. of Shares | % of Anchor Portion | Value Allocated | |
|---|---|---|---|---|
| 01 | Aditya Birla Life Insurance Company | 2,95,878 | 13.33% | ₹ 20.00 |
| 02 | Tata AIA Life Insurance Co. | 2,95,878 | 13.33% | ₹ 20.00 |
| 03 | ITI Small Cap Fund | 2,21,914 | 10.00% | ₹ 15.00 |
| 04 | Turnaround Opportunities Fund | 2,21,892 | 10.00% | ₹ 15.00 |
| 05 | Clarus Capital I - LVF I | 1,77,352 | 7.99% | ₹ 11.99 |
| 06 | Tata India Pharma & Healthcare Fund | 1,47,950 | 6.67% | ₹ 10.00 |
| 07 | Edelweiss Aggressive Hybrid Fund | 1,47,950 | 6.67% | ₹ 10.00 |
| 08 | Nuvama Multi Asset Strategy Fund | 1,47,950 | 6.67% | ₹ 10.00 |
| 09 | Tata India Innovation Fund | 1,47,928 | 6.67% | ₹ 10.00 |
| 10 | Kotak Healthcare Fund | 1,17,876 | 5.31% | ₹ 7.97 |
| Grand Total | 19,22,568 | 86.64% | ₹ 129.97 |
Data Source: BSE Filings (Value Allocated is ₹ in Crore)
The detailed and comprehensive report on the anchor allocation, with the mutual fund portion segregated, can be accessed on BSE by clicking on the link below.
Out of the 22,18,930 shares allocated to the anchors in the IPO, there was an allocation of 10,05,994 shares made to mutual funds regulated by SEBI. This anchor allocation to mutual funds was spread across 8 MF schemes of 4 asset management companies (AMC). Mutual funds accounted for 45.34% of the overall anchor allocation.
Out of the 22,18,930 shares allocated to the anchors in the IPO, there was an allocation of 5,91,756 shares made to 2 life insurance companies regulated by IRDAI, representing 26.67% of the total anchor allocation. The remaining anchor allocation was spread across FPIs, SIFs, and alternate investment funds (AIFs).
NEXT STEPS IN PRASOL CHEMICALS LTD IPO
Post the closure of the IPO subscription on 10th September 2026, the basis of allotment will be finalized on 11th September 2026 and the refunds will be initiated on 15th September 2026. In addition, the demat credits are expected to also happen on 15th September 2026 and the stock will list on 16th September 2026 on the NSE and the BSE. The credits to the demat account to the extent of shares allotted will happen by the close of 15th September 2026 under ISIN (INE455U01024).
2026-09-11 — Day-3 subscription update
Prasol Chemicals Ltd (Day-3 Final Subscription at 3.30 times)
PRASOL CHEMICALS LTD - IPO SUBSCRIPTION STATUS ON DAY-3
As of 7.20 pm on 10th September 2026, out of the 54.43 lakh shares on offer in the IPO (excluding anchor portion), Prasol Chemicals Ltd saw bids for 179.63 lakh shares. This implies an overall subscription of 3.30X at a macro level. The granular break-up of subscriptions at close of Day-3 of the IPO of Prasol Chemicals Ltd was as under:
| Employees (N.A.) | QIBs (7.22X) | HNI / NII (1.80X) | Retail (1.70X) |
|---|
The subscriptions were led by the QIB Investors followed by the HNI / NII investors and the Retail investors in that order. QIB bids and NII bids typically gather most of the momentum only on the last day. That was the case in this IPO too. Both, the QIB portion and the HNI / NII portion saw bulk of the institutional, corporate and funded subscriptions come in on the last day of the IPO. The company saw steady anchor participation a day ahead of the IPO opening with 28.96% of the IPO size absorbed by anchor investors. Here is the category-wise subscription. The overall subscription ratio excludes anchor portion.
| Investor Category | Subscription (times) | Shares Offered | Shares bid for | Total Amount (₹ in Crore) |
|---|---|---|---|---|
| Anchor Investors | 1.00 | 22,18,930 | 22,18,930 | 150.00 |
| Employee Quota | N.A. | 0 | 0 | 0.00 |
| QIB Investors | 7.22 | 15,55,209 | 1,12,28,140 | 759.02 |
| HNIs / NIIs | 1.80 | 11,66,406 | 20,95,302 | 141.64 |
| Retail Investors | 1.70 | 27,21,614 | 46,39,206 | 313.61 |
| Total | 3.30 | 54,43,229 | 1,79,62,648 | 1,214.28 |
Data Source: NSE / BSE (as of close of Day-3 of the IPO)
The IPO of Prasol Chemicals Ltd was open up to September 10, 2026, and has closed for subscription as of the close of trading hours on September 10, 2026. The subscription ratios presented in the table above represent the final subscription numbers for each category and also for the IPO overall. Generally, the listing price of the IPO and the post-listing performance tend to get influenced by the extent of oversubscription of the IPO. However, it must also be noted that a higher subscription is not an automatic guarantee of a strong listing performance for the IPO stock. The final subscription ratio excludes anchor portion. Total bids as of the close (including anchor allocation) stood at ₹1,364.27 crore.
NEXT STEPS IN THE PRASOL CHEMICALS LTD IPO
Post the closure of the IPO subscription on 10th September 2026, the basis of allotment will be finalized on 11th September 2026 and the refunds will be initiated on 15th September 2026. In addition, the demat credits are expected to also happen on 15th September 2026 and the stock will list on 16th September 2026 on the NSE and the BSE. The credits to the demat account to the extent of shares allotted will happen by the close of 15th September 2026 under ISIN (INE455U01024).
2026-09-11 — Allotment guidance and next steps
Prasol Chemicals Ltd (How to check allotment status online)
ABOUT THE PRASOL CHEMICALS LTD IPO
The IPO of Prasol Chemicals Ltd opened on September 08th, 2026 and closed on September 10th, 2026. The IPO comprised of a fresh issue and an offer for sale (OFS) of 76,62,159 shares (76.62 lakh shares) worth ₹517.96 crore at the upper band price of ₹676 per share. The allotment status will be finalized by EOD of September 11, 2026. Here is how to check allotment status for the IPO of Prasol Chemicals Ltd. You can check IPO status on BSE or NSE or IPO Registrar website of KFIN Technologies Ltd (KFINTECH).
CHECKING ALLOTMENT STATUS OF PRASOL CHEMICALS LTD ON BSE WEBSITE
This is a common link for all mainboard IPOs. Click on BSE link for IPO allotment as below.
https://www.bseindia.com/investors/appli_check.aspx
Once you reach the page, here are the steps to follow.
Under Issue Type – Select Equity Option
Under Issue Name – Select Prasol Chemicals Ltd from the drop-down box
Enter the Application Number / CAF exactly as in the acknowledgement slip
Alternatively, Enter your PAN (10-digit alphanumeric) number
Once this is done, you need to click on the Captcha to verify you are not a robot
Finally click on the Search Button
You can use either of the parameters to query; Application / CAF number or Investor PAN.
The allotment status will be displayed on the screen in front of you informing about the number of shares of Prasol Chemicals Ltd allotted into your demat account. You can save a screenshot of the allotment status output for tallying with the demat account credits.
CHECKING ALLOTMENT STATUS OF PRASOL CHEMICALS LTD ON NSE WEBSITE
This is a common link for all IPOs. Click on NSE link for IPO allotment as below.
https://www.nseindia.com/invest/check-trades-bids-verify-ipo-bids
Once you reach the page, here are the steps to follow.
Under Issue Type – Select Equity & SME IPO Details Option
Under SELECT SYMBOL – Select PRASOLCHEM from the drop-down box
Enter the Application Number / CAF exactly as in the acknowledgement slip
Enter your PAN (10-digit alphanumeric) number
Once both are entered, click on the Submit Button
You must input the Application / CAF number and the Investor PAN.
The allotment status will be displayed on the screen in front of you informing about the number of shares of Prasol Chemicals Ltd allotted into your demat account. You can save a screenshot of the allotment status output for tallying with the demat account credits.
CHECKING ALLOTMENT STATUS OF PRASOL CHEMICALS LTD ON KFIN TECHNOLOGIES LTD (REGISTRAR TO THE IPO)
Visit the website of KFIN Technologies Ltd, which has been appointed as the registrar for the issue. You can access their website for IPO status by clicking on the link below:
https://kosmic.kfintech.com/ipostatus/
KFIN Technologies Ltd provides details of IPOs managed by them and where allotment status is finalized. Radio buttons allow you to opt to see all IPOs or just recent IPOs. The latter option reduces the list of IPOs to search. Once you click on Recent IPOs, dropdown shows recent active IPOs, where allotment status is finalized. Select Prasol Chemicals Ltd.
THERE ARE 3 WAYS TO QUERY ALLOTMENT STATUS ON KFIN TECHNOLOGIES LTD
To Query by Application Number, check the appropriate box and follow these steps.
Enter the Application Number as it is
Enter the 6-digit Captcha Code
Click on Submit button
Allotment Status gets displayed on screen
Unlike in the past, now you do not have to select ASBA versus Non-ASBA option.
To Query by Demat Account, check the appropriate box and follow these steps.
First select the depository (NSDL / CDSL)
Enter the DP-ID (Alphanumeric for NSDL and Numeric for CDSL)
Enter the Client-ID in the second box
For NSDL, the Demat account is 2 strings; for CDSL it is just 1 string
Enter the 6-digit Captcha Code
Click on Submit button
Allotment Status gets displayed on screen
To Query by PAN, check the appropriate box and follow these steps.
Enter the 10-Character PAN number, available on your PAN card
After you enter the PAN number, Enter the 6-digit numeric Captcha Code
Click on Submit button
Allotment status gets displayed on screen
If captcha code is not clear; toggle for more options. Retain a screenshot of the allotment status output for future reference. This can be tallied with demat credit post allotment.
NEXT STEPS IN THE PRASOL CHEMICALS LTD IPO
Post the closure of the IPO subscription on 10th September 2026, the basis of allotment will be finalized on 11th September 2026 and the refunds will be initiated on 15th September 2026. In addition, the demat credits are expected to also happen on 15th September 2026 and the stock will list on 16th September 2026 on the NSE and the BSE. The credits to the demat account to the extent of shares allotted will happen by the close of 15th September 2026 under ISIN (INE455U01024).
Interested in applying for this IPO?
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