Prasol Chemicals IPO

About Prasol Chemicals IPO

The IPO of Prasol Chemicals comprises a fresh issue and an offer for sale aggregating up to ₹80 crores and ₹420 crores respectively. It’s a 100% book-built issue. The price band is TBA. The IPO opens on TBA and closes on TBA.

The listing date is on TBA and the allotment date is on TBA. The credit of shares to the Demat accounts of the allottees will take place on TBA, while initiation of refunds will take place on TBA.

Prasol Chemicals was incorporated in 1992. With 33 years of experience in the specialty chemicals industry, it’s a forward integrated manufacturer of acetone and phosphorus-based specialty chemicals and other specialty chemicals involving complex and differentiated chemistries.

Objectives of Prasol Chemicals IPO

The company proposes to utilise the IPO proceeds for:

• Repayment and/ or pre-payment, in full or part, of certain borrowings
  
• General corporate purposes
  

Industry Outlook

The global specialty chemicals market was valued at $1,190 billion in 2024. The continued growth support from the downstream industries is expected to support the growth trajectory for the global market. Furthermore, the specialty market is expected to grow at a CAGR of 8% reaching $1,748 billion until 2029.

The Indian specialty chemicals market has demonstrated robust growth, expanding from ₹2,240 billion in FY19 to Rs 5,046 billion in FY25, and is projected to reach Rs 7,474 billion by FY29, registering a CAGR of 10–12% over the next four years. This sustained upward trajectory is driven by a strong domestic demand base, rising exports, and increasing import substitution across various segments like agrochemicals, active pharmaceutical ingredients (APIs), dyes, and polymer additives.

The sector benefits from India's cost-competitive manufacturing capabilities, a large skilled workforce, and tightening environmental regulations in China prompting global supply chain diversification.

Additionally, the China+1 strategy adopted by multinational corporations has further positioned India as a preferred destination for sourcing specialty chemicals, particularly in high-margin, value-added segments. With rising investments in R&D, backward integration, and capacity expansion by Indian players, the sector is poised to play a pivotal role in transforming India into a global specialty chemicals hub.

Prasol Chemicals Company Information

Prasol Chemicals was incorporated in 1992 and with 33 years of experience in the specialty chemicals industry, it’s a forward integrated manufacturer of acetone and phosphorus-based specialty chemicals and other specialty chemicals involving complex and differentiated chemistries.

According to the CARE Report, it’s a highly diversified specialty chemical player with over 150 specialty chemical products and 1,107 customers and exports to 69 countries, as of July 31, 2025. The company’s products find diversified applications across numerous industries.

Strengths of Prasol Chemicals

• Highly diversified product portfolio used across various application industries
• Well-established R&D capabilities driving innovation with strong pipeline of products to address customised customer requirements
• Long standing relationships with a diversified customer base and strong global presence
• Experienced, qualified and professional leadership team with a focus on business sustainability
• Robust financial performance

Risks of Prasol Chemicals

• Any decline in the demand for the end products could have an adverse impact on business, results of operations, cash flows and financial condition
• The loss of any top customers or loss of revenue from sales to any key customers could have a material adverse effect on business
• Unplanned slowdowns, unscheduled shutdowns or prolonged disruptions in manufacturing operations could have an adverse effect on business
• Inability to accurately forecast demand for products or manage inventory or working capital requirements may have an adverse effect on results of operations
• Susceptible to risks arising out of export of products to 69 countries and with doing business internationally, including international market conditions and regulatory risks
• Prolonged disruption of transportation and other logistics facilities could have an adverse effect on cash flows and financial conditions
• Increase in the cost of raw material or other purchases or a shortfall in the supply of raw materials, may adversely affect the pricing and supply of products
• Any accidents resulting in loss of life or property and disrupt operations which may have an adverse effect on results of operation
• Subject to strict quality requirements, regular inspections and audits
• Improper storage, processing or handling of raw material and finished goods may result in damage to such raw material that could have an adverse effect on business

Anchor Investor Bidding Date

TBA

IPO Registrar and Book Running Lead Manager

• IPO Registrar: KFin Technologies
• Book Running Lead Manager: DAM Capital Advisors

Prasol Chemicals Business Model

Prasol Chemicals is a forward integrated manufacturer of acetone and phosphorus-based specialty chemicals and other specialty chemicals involving complex and differentiated chemistries. As of July 31, 2025 the company’s comprehensive product portfolio comprised over 150 specialty chemical products including:

• 21 acetone-based specialty chemicals
• 53 phosphorous-based specialty chemicals
• 76 other specialty products including non-acetone and non- phosphorous based customised specialty chemicals such as surfactants, performance additives, ethers, esters, polymers, and acids.

Prasol Chemicals Growth Trajectory

Prasol has experienced sustained growth with respect to the various financial indicators as well as a consistent improvement in its balance sheet position in the last three fiscals, wherein it has seen an increase in its net worth along with a reaffirmation of its credit ratings assigned by Acuite Ratings & Research who have assigned ACUITE A+/Stable/Reaffirmed to its long term borrowings and ACUITE A1+/Stable/Reaffirmed to its short term borrowings.

The revenue from operations of Prasol Chemicals increased from ₹930.082 crores in FY 23 to ₹1012.494 crores in FY 25. The company’s operating EBITDA increased from ₹86.951 crores in FY 23 to ₹87.766 crores in FY 25.

Prasol Chemicals Market Position

Prasol Chemicals is a Government of India certified 3 star export house company with a robust global distribution network extending to 69 countries, spanning 6 continents including Asia Pacific including Australia, North & South America, Europe, Africa and the Middle East, which is a testament to its business reach.

According to the CARE Report, the company is a highly diversified specialty chemical player with over 150 specialty chemical products and 1,107 customers and exports to 69 countries, as of July 31, 2025.

How to Check Allotment Status of Prasol Chemicals IPO?

1. Visit the Registrar’s Website

• Visit the official website of KFin Technologies
• Click on ‘IPO Allotment Status’ from ‘Investors’ under ‘Products’
• Click on any one of the appearing links
• Choose IPO name and enter either your application number, Demat account or PAN number
• Enter captcha and click on ‘Submit’ to know the status

2. Check on the National Stock Exchange Website

The National Stock Exchange (NSE) website has an IPO bid verification module. You can use it to check the allotment status of Prasol Chemicals IPO. Go to the NSE website and find the ‘Invest’ tab. Click on ‘Verify IPO Bids’ under ‘Resources & Tools’.

On the NSE IPO bid verification page, enter:

• Company name from dropdown
  
• Application number
  
• PAN
  

Then click ‘Submit’ to know the allotment status.

3. Check on BSE Website

The Bombay Stock Exchange (BSE) also has an IPO allotment status page. Go to the BSE website and find the ‘Investors’ tab. Under ‘Investors’, click on ‘IPO’. This will take you to the IPO allotment status page. On the BSE IPO page, follow these steps:

• Select ‘Equity’ from the dropdown menu
  
• Choose ‘Prasol Chemicals’ in the next dropdown
  
• Enter your application number
  
• Enter your PAN
  
• Click ‘Search’ to know allotment status
  

How to Apply for the Prasol Chemicals IPO?

To apply for this IPO:

• Log in to your Kotak Securities Demat account: Log in to your Demat account to access IPO investments. Next, select the current IPO section.
  
• Specify IPO details: Enter the number of lots and the price you wish to apply for.
  
• Enter UPI ID: After entering your UPI ID, click submit. This will place your bid with the exchange.
  
• Mandate Notification: Your UPI app will receive a mandate notification to block funds.
  
• Approve Request: Your funds will be blocked once you approve the mandate request on your UPI.