Prasol Chemicals IPO
Chemicals • ₹500 Cr
Medium risk because:
- 5 material risk factors disclosed in DRHP
- Regulatory or legal risks cited in DRHP
- The company’s net cash generated from operating activities declined from Rs 115.61 crore i…
IPOFins risk score from DRHP risk factors, subscription demand & issue structure
Price Band
₹676
Lot Size
22 shares
Issue Size
₹500 Cr
Open
08 Sept 2026
Close
10 Sept 2026
Subscription
2.64×
IPO Schedule
| Issue Open Date | 08 Sept 2026 |
| Issue Close Date | 10 Sept 2026 |
| Allotment Date | 11 Sept 2026 |
| Listing Date | 15 Sept 2026 |
About Prasol Chemicals
Prasol Chemicals Limited is a specialty chemicals manufacturer incorporated in 1992. The company is involved in the manufacture of acetone-based, phosphorous-based and other specialty chemicals involving complex chemistries. Its product portfolio comprises over 150 specialty chemical products, including 21 acetone-based chemicals, 53 phosphorous-based chemicals and 76 other specialty products such as surfactants, performance additives, ethers, esters, polymers and acids. These products are used across performance chemicals, paints, inks, construction and adhesives, pharmaceuticals, agrochemicals, and home and personal care industries. The company manufactures products such as diacetone alcohol, isophorone, hexylene glycol, meta xylenol, phosphorous pentasulphide, phosphorous pentoxide, dithio-phosphates, polyphosphoric acid, DETC and phosphate esters. As of July 15, 2026, the company had over 1,600 customers and exported its products to 69 countries. The company also states that it was the only manufacturer of isophorone in India during the period covered by the CARE Report.
Company Details
Founders / Promoters
Mr Dhaval Parikh
Founded
1992
Registrar
KARVY
Documents
DRHP / RHP Document (PDF)
View official prospectus →
Investment Analysis
Prasol Chemicals — IPOFins Verdict
QuantitativeDriven by QIB demand at 5.6x and moderate disclosed risk (6/10), Prasol Chemicals listed at a discount of 9.8% to its issue price. The picture is mixed — treat this as one input alongside the DRHP, valuation, and your own risk appetite.
- The company has a portfolio of over 150 specialty chemical products across acetone-based, phosphorous-based and other specialty chemicals. Its products are used across performance chemicals, paints, i
- The company served 1,618 customers in FY2026, compared with 1,586 in FY2025 and 1,560 in FY2024. Repeat customers accounted for 93.28% of revenue from operations in FY2026, while its top 10 customers
- The company is a Government of India certified 3 Star Export House and exported its products to 56 countries in FY2026. Its distribution network covers markets across Europe, Asia Pacific, the America
- The company claims to have a dedicated R&D facility at its Khopoli manufacturing facility, equipped with a fluidised bed reactor, distillation column and centrifuge. It also claims to have pilot plant
- As of June 30, 2026, the company had a pipeline of 40 products at various stages of development, of which nine had cleared the pilot stage. It had also developed and commercialised 13 new products bet
Score breakdown — what drove this verdict
Moderate risk from DRHP → score -0.4
Institutional subscription → score +1.0
Actual listing outcome → score −0.5
Base score: 5.0 · Final score = base + all factor adjustments, capped 1–10. Full methodology →
IPOFins Score is a quantitative signal from subscription demand, disclosed risk, and listing data — not investment advice. Not SEBI-registered.
Listing Performance
Issue Price
₹676
Listing Price
₹610
Listing Gain/Loss
-9.76%
Listing Date
15 Sept 2026
Price Since Listing
Returns are measured against the ₹676 issue price.
Listing
₹610
-9.8%
1 Week
₹704.75
+4.3%
Current
₹763.8
+13.0%
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FAQ
What is the price band of Prasol Chemicals IPO?
The price band is ₹676 per share with a lot size of 22 shares. Minimum investment: ₹14,872.
What does Prasol Chemicals do?
Prasol Chemicals Limited is a specialty chemicals manufacturer incorporated in 1992. The company is involved in the manufacture of acetone-based, phosphorous-based and other specialty chemicals involving complex chemistries. Its product portfolio comprises over 150 specialty chemical products, including 21 acetone-based chemicals, 53 phosphorous-based chemicals and 76 other specialty products such as surfactants, performance additives, ethers, esters, polymers and acids. These products are used across performance chemicals, paints, inks, construction and adhesives, pharmaceuticals, agrochemicals, and home and personal care industries. The company manufactures products such as diacetone alcohol, isophorone, hexylene glycol, meta xylenol, phosphorous pentasulphide, phosphorous pentoxide, dithio-phosphates, polyphosphoric acid, DETC and phosphate esters. As of July 15, 2026, the company had over 1,600 customers and exported its products to 69 countries. The company also states that it was the only manufacturer of isophorone in India during the period covered by the CARE Report.
Should I apply for Prasol Chemicals IPO?
Prasol Chemicals listed at ₹610 (-9.8% discount to the ₹676 issue price) after 2.6x subscription. IPOFins Score 5/10: Driven by QIB demand at 5.6x and moderate disclosed risk (6/10), Prasol Chemicals listed at a discount of 9.8% to its issue price. The picture is mixed — treat this as one input alongside the DRHP, valuation, and your own risk appetite.
Who founded Prasol Chemicals?
Prasol Chemicals was founded by Mr Dhaval Parikh in 1992.