Prasol Chemicals IPO Analysis & Review

Quick Answers

What is the Prasol Chemicals IPO GMP today? The Prasol Chemicals IPO GMP is ₹125 as of 6/9/2026, 6:32:19 am. The IPO price band is ₹643 - ₹676. GMP represents an unofficial grey-market indication and does not guarantee the listing price.

When does Prasol Chemicals IPO open? The Prasol Chemicals IPO opens on 2026-09-08 and closes on 2026-09-10.

What is the Prasol Chemicals IPO subscription status? The overall subscription is 0x.

Key IPO Information

ViewIPO AI Analysis Score

The Prasol Chemicals IPO scored 59/100 (High Risk) in our deep analysis.

Frequently Asked Questions

What products does Prasol Chemicals manufacture?

Prasol Chemicals manufactures over 150 specialty chemical products, including acetone‑based chemicals such as diacetone alcohol and isophorone, phosphorous‑based chemicals like phosphorous pentasulphide and phosphorous pentoxide, and other specialty items such as surfactants, performance additives, ethers, esters, polymers and acids.

What is the company's export footprint?

As of July 15, 2026, the company exported its products to 69 countries and holds a Government of India certified 3 Star Export House status.

How has the company's revenue performed in recent years?

Revenue increased from ₹876.56 crore in FY24 to ₹1,012.49 crore in FY25 and ₹1,232.59 crore in FY26, reflecting a compound annual growth rate of approximately 18.6% over the two‑year period.

What are the key risks highlighted in the IPO prospectus?

Key risks include contingent liabilities amounting to 24.33% of net worth, dependence on acetone and phosphorous‑based chemicals for over 80% of revenue, customer concentration (top 10 clients contributing 23.68% of FY26 revenue), outstanding legal proceedings, and working‑capital pressures reflected in volatile operating cash flows.

What is the size of the Prasol Chemicals IPO?

The IPO has an issue size of ₹500 crore.

What is the price band for the IPO?

The price band is set at ₹643‑₹676 per equity share.

When is the Prasol Chemicals IPO scheduled to open and close?

The IPO opens on 8 September 2026 and closes on 10 September 2026.

What is the tentative listing date for the IPO?

The tentative listing date is 16 September 2026.

Does the company have any R&D capabilities?

Yes, the company operates a dedicated R&D facility at its Khopoli manufacturing site with a team of 37 members (including four PhD holders) and has a pipeline of 40 products at various stages of development.

What is the company's customer base like?

As of FY26, Prasol Chemicals served over 1,600 customers, with 93.28% of revenue coming from repeat clients and the top 10 customers accounting for 23.68% of revenue.

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Prasol ChemicalsNSE / BSE:

Analyzed by ViewIPO Financial Research Team
Specialty Chemicals ManufacturingIndiaFiled 2026-09-08Listing 2026-09-16Size ₹499.66Cr
Lot Size 22
Live GMP
₹125 (+18.49%)
Check Allotment
Status Link

Is Prasol Chemicals IPO Good? Quick Verdict

Prasol Chemicals IPO scored 59/100 (High Risk) in our deep analysis. The strongest pillar is Financial at 70/100, while Valuation is the primary concern at 50/100. Prasol Chemicals Ltd shows strong revenue growth and improving profitability, supported by a diversified product portfolio and export presence, but faces risks from high contingent liabilities, dependence on key chemical segments, and rising working capital pressures.

IPO Score
59/100
High Risk

Quick Verdict

Revenue CAGR of approximately 18.6% from FY24 to FY26 with improving EBITDA margin to 11.3% in FY26.
Diversified product base of over 150 specialty chemicals and export presence in 69 countries.
Contingent liabilities represent 24.33% of net worth, posing a potential financial burden.
Dependence on acetone and phosphorous-based chemicals accounts for over 80% of revenue, creating sector concentration risk.

Company Snapshot

Revenue (TTM)
₹1232.59Cr↑ 21.74% YoY
Profitability
PositiveNet Income ₹83.12Cr
Gross Margin
— 
Market Cap
—Pending Data
IPO Size
₹499.66Cr 
Industry
Specialty Chemicals Manufacturing 
P/E Ratio
—Pending Data

Risk Breakdown

Governance
60
Moderate
Financial
70
Moderate
Valuation
50
Expensive
Competition
55
Expensive
Dilution
60
Moderate
Promoter / Mgmt
60
Moderate

AI Summary

Prasol Chemicals Limited, incorporated in 1992, is a specialty chemicals manufacturer with a portfolio of over 150 products across acetone-based, phosphorous-based and other specialty chemicals. The company serves more than 1,600 customers in 69 countries and has been recognized as a Government of India certified 3 Star Export House. Revenue grew from ₹876.56 crore in FY24 to ₹1,232.59 crore in FY26, while EBITDA margin improved from 6.91% to 11.30% and net profit rose to ₹83.12 crore in FY26. However, the company’s contingent liabilities amount to 24.33% of its net worth and it remains dependent on acetone and phosphorous-based chemicals for over 80% of its revenue, posing notable risks.

Overall Verdict: Prasol Chemicals Ltd shows strong revenue growth and improving profitability, supported by a diversified product portfolio and export presence, but faces risks from high contingent liabilities, dependence on key chemical segments, and rising working capital pressures.

Key Highlights

  • •Founded in 1992 with over three decades of experience in specialty chemicals.
  • •Product portfolio exceeds 150 items, including 21 acetone-based, 53 phosphorous-based and 76 other specialty chemicals.
  • •Serviced over 1,600 customers in FY26, with 93.28% repeat revenue and exports to 69 countries.
  • •Recognized as a Government of India certified 3 Star Export House.
  • •In-house R&D team of 37 members (including 4 PhDs) with a pipeline of 40 products, nine of which have cleared pilot stage.
  • •Revenue grew from ₹876.56 crore in FY24 to ₹1,232.59 crore in FY26 (~18.6% CAGR).
  • •EBITDA margin improved from 6.91% in FY24 to 11.30% in FY26; net profit reached ₹83.12 crore in FY26.

Financial Performance

Revenue (Annual)

↑ +21.7% YoY

INR in Crores

Net Income (Annual)

↑ +90.8% YoY

INR in Crores

Cash Flow vs Profit

↑ +122.2% YoY

INR in Crores

CF
NP

EBITDA vs PAT

EBITDA YoY

INR in Crores

EBITDA
PAT

IPO Timeline

IPO Opens2026-09-08
IPO Closes2026-09-10
Basis of Allotment2026-09-11
Refunds & Demat2026-09-12
Listing Date2026-09-16

Valuation Analysis

IPO Price₹643 - ₹676
Estimated Fair Value
Pending Data
Valuation Premium
Pending
vs Fair Value

IPO DNA

Growth
62
Governance
60
Profitability
70
Valuation
50
Competition
55
Execution
60

Pros vs Cons

Pros

  • Strong revenue growth with ~18.6% CAGR (FY24-FY26) and improving EBITDA margin to 11.3% in FY26.
  • Diversified product portfolio of over 150 specialty chemicals serving multiple end‑use industries.
  • Broad customer base of >1,600 clients with 93.28% repeat revenue and export presence in 69 countries.
  • Government‑recognized 3 Star Export House indicating strong international trade capability.
  • Established R&D facility with 37 scientists (including 4 PhDs) and a pipeline of 40 new products.

Cons

  • Contingent liabilities of ₹109.12 crore represent 24.33% of net worth, posing a potential financial strain.
  • Revenue highly concentrated in acetone‑based (42.75%) and phosphorous‑based (38.30%) chemicals, together >80% of turnover.
  • Top 10 customers contributed 23.68% of FY26 revenue, indicating notable customer concentration risk.
  • Operating cash flow declined sharply in FY25 (₹22.26 crore) before recovering in FY26, reflecting working‑capital volatility.
  • Employee attrition stood at 27.96% in FY26, highlighting labour‑intensive operational risks.

Financial Health

Revenue Growth
18.6% CAGR (FY24-FY26) (Good)
Debt Level
Debt-to-equity ratio of approximately 0.77 (Good)

Institutional Signals

Anchor Investors
Undisclosed
VC Backing Tier
Undisclosed
Strategic Partners
Undisclosed

Prasol Chemicals IPO Reddit Pulse & Sentiment

Real-time Reddit discussions & retail sentiment

No Public Data Available

We couldn't find any significant public discussions or retail sentiment threads for this IPO at the moment.

Disclaimer: These are raw community discussions aggregated from public forums. The AI summary and Reddit comments do not constitute financial advice. Always conduct your own independent research.

Prasol Chemicals IPO — Frequently Asked Questions

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IPO Terminology Explained

Confused by terms like GMP, Kostak, or Subject to Sauda? Read our detailed guides in the IPO Glossary to understand the terminology before you invest.

Grey Market Premium (GMP)Subject to SaudaASBAOffer for Sale (OFS)
View Full Glossary

Source Citation: All financial data and risk metrics are derived from the official prospectus filed with the regulator (SEBI DRHP/RHP). ViewIPO algorithms process this public data for informational purposes. Not financial advice.

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Frequently Asked Questions about Prasol Chemicals

What is the expected listing price of Prasol Chemicals?

The expected listing price depends on the live Grey Market Premium. Check the live GMP and expected listing price for Prasol Chemicals on our Live GMP Tracker.