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Complete IPO details, including price band, financials, subscription status, and key insights.
Participate in the Prasol Chemicals Ltd IPO with full transparency. Review issue details, company fundamentals, and financial performance, and apply securely through Alice Blue.
Key metrics and details at a glance.
Price Band
₹676
Per ShareLot Size
22 Shares
Minimum Investment
₹14,872
Issue Size
₹500 Cr
Face Value
₹2
Per ShareIPO Type
Book Building
Retail Quota
35%
QIB Quota
50%
NII Quota
15%
Important dates for your applying strategy.
Business model, operations, and market positioning.
Promoter Holding (Pre-Issue)
86.89%
Promoter Holding (Post-Issue)
75.25%
Issue Type
Book Building
ISIN
INE455U01024
Our Company was incorporated in 1992 and with over 33 years of experience in the specialty chemicals industry, we are a forward integrated manufacturer of acetone and phosphorous based specialty chemicals and other specialty chemicals involving complex and differentiated chemistries. According to the CARE Report, we are a highly diversified specialty chemical player with over 150 specialty chemical products and over 1,600 customers and exports to 69 countries, as of July 15, 2026. Our products find diversified applications across numerous industries with 5 key segments being: (a) performance chemicals (including lubricant additives and mining chemicals); (b) PICA viz., paints, inks construction, & adhesives; (c) pharmaceuticals; (d) agrochemicals; and (e) home and personal care (Application Industries).
According to the CARE Report, India's chemical industry holds a prominent position globally, ranking 6th in production and 14th in exports. Specialty chemicals, particularly agrochemicals, dyes, and pigments, represent more than half of India's chemical exports. Specialty Chemicals, known for their tailored applications, represented 20% of the market share of global chemicals industry in 2024, with growth expected to reach 21-23% market share by 2029, reflecting rising demand for customized and high-performance solutions. The specialty market is expected to grow at CAGR of 8% reaching $1,748 billion until 2029. Asia Pacific holds the largest share, increasing from 51% in 2024 to 54% in 2029.
Revenue, profit after tax and total assets across the last 3 reported financial years.
Amount in ₹ crore
How the company plans to utilize IPO proceeds.
The funds raised through this IPO will be used for:
Initial public offering of 7,396,437 equity shares of face value of Rs. 2 each (Equity Shares) of the company for cash at a price of Rs. 676 per equity share (including a share premium of Rs. 674 per equity share) (offer price) aggregating Rs. 500.00 crores (the offer) comprising a fresh issue of 1,183,431 equity shares aggregating Rs. 80.00 Crores by the company (fresh issue) and an offer for sale of 6,213,006 equity shares aggregating Rs. 420.00 Crores by the selling shareholders (offer for sale) comprising 1,775,147 equity shares aggregating Rs. 120 Crores by Usha Rajnikant Shah (held jointly with Nishith Rajnikant Shah and Shah Sandhya Nishith), 762,115 equity shares aggregating up to Rs. 51.52 Crores by Tushar Natverlal Dharia (HUF), 274,245 equity shares aggregating Rs. 18.54 Crores by Gaurang Natwarlal Parikh HUF, 577,366 equity shares aggregating Rs. 39.03 Crores by Bhisham Kumar Gupta (held jointly with Raksha Bhisham Gupta), 473,372 equity shares aggregating Rs. 32 Crores by Nishith Rasiklal Dharia (held jointly with Sonal Nishith Dharia), 520,710 equity shares aggregating Rs. 35.2 Crores by Sonal Nishith Dharia (held jointly with Nishith Rasiklal Dharia), 473,372 equity shares aggregating Rs. 32 Crores by Sachin Jatin Parikh (held jointly with Shruti Sachin Parikh), 113,091 equity shares aggregating Rs. 7.65 Crores by Namita Tushar Parikh, 116,863 equity shares aggregating Rs. 7.9 Crores by Shruti Sachin Parikh (held jointly with Sachin Jatin Parikh), 133,136 equity shares aggregating Rs. 9 Crores Dipak Amarshi (held jointly with Ushma Amarshi), 95,887 equity shares aggregating Rs. 6.48 Crores by Heta T Parikh, 523,002 equity shares aggregating Rs. 35.36 crores by Gaurang Natwarlal Parikh (held jointly with Tanvi Gaurang Parikh), 71,005 equity shares aggregating Rs. 4.8 Crores by Kinjal Pankil Dharia (held jointly with Pankil Nishith Dharia), 88,757 equity shares aggregating Rs. 6 Crores by Suketu Navichandra Parikh (held jointly with lina Suketu Parikh), 81,360 equity shares aggregating Rs. 5.5 Crores by Pushpa Navinchandra Parikh (held jointly with Suketu Navinchandra Parikh), 51,775 equity shares aggregating Rs. 3.5 Crores Sundeep Navinchandra Parikh (held jointly with Sheetal Sandeep Parikh), 7,544 equity shares aggregating Rs. 0.51 Crores by Lina Suketu Parikh (held jointly with Suketu Navichandra Parikh), 7,396 equity shares aggregating Rs. 0.5 Crores by Sheetal Sandeep Parikh (held jointly with Sundeep Navinchandra Parikh), 59,171 equity shares aggregating Rs. 4.00 Crores by Jignasha Jay Kantawala (held jointly with Jay Shailesh Kantawala), and 7,692 equity shares aggregating Rs. 0.52 crores by Tushar Natverlal Dharia (held jointly with AMI Tushar Dharia) (collectively, selling shareholders and each such equity shares, the offered shares). The offer shall constitute 12.50% of the post-offer paid-up equity share capital of the company. Price Band: Rs. 676 per equity share of face value of Rs. 2 each. The floor price 338 times the face value of the equity shares, respectively. Bids can be made for a minimum of 22 equity shares of face value of Rs. 2 each and in multiples of 22 equity shares of face value of Rs. 2 each thereafter.
Key competitive advantages and factors to consider before investing.
Live demand across investor categories.
Track real-time subscription levels:
*Real-time data subject to exchange updates
Our Company was originally incorporated as `Prachi Poly Products Private Limited' under the provisions of the Companies Act, 1956 pursuant to a certificate of incorporation dated January 24, 1992, issued by the Registrar of Companies, Maharashtra, at Mumbai. The name of our Company was subsequently changed to `Prachi Poly Products Limited', upon conversion into a public company, pursuant to a board resolution dated November 26, 1994, and a shareholders' resolution dated December 5, 1994, and a certificate of change of name was issued on January 10, 1995 by the Registrar of Companies, Maharashtra, at Mumbai. Thereafter, the name of our Company was changed to `Prasol Chemicals Limited', to better represent our Company's name with its activities, pursuant to a board resolution dated December 7, 2006 and a shareholders' resolution dated January 18, 2007, and a certificate of change of name was issued on March 26, 2007 by the Registrar of Companies, Maharashtra, at Mumbai. The name of our Company was subsequently changed to `Prasol Chemicals Private Limited', upon re-conversion into a private company, pursuant to a board resolution dated October 5, 2016 and a shareholders' resolution dated December 1, 2016, and a certificate of change of name was issued on June 5, 2017 by the Registrar of Companies, Maharashtra, at Mumbai. The name of our Company was subsequently changed to `Prasol Chemicals Limited', upon conversion into a public company, pursuant to a board resolution dated December 23, 2021 and a shareholders' resolution dated January 15, 2022, and a certificate of change of name was issued on February 4, 2022 by the Registrar of Companies, Maharashtra, at Mumbai.
Amount in ₹ crore
Amount in ₹ crore
Figures in ₹ crore, on a standalone basis, as reported for FY24 to FY26.
*Subject to approvals and market conditions.