Prasol Chemicals IPO GMP today is Rs 40. Investors can use this GMP along with price band and subscription status for a better IPO review.
Listed
Mainboard IPO
PRASOLCHEM
Prasol Chemicals IPO GMP & Allotment
Prasol Chemicals is a forward-integrated specialty chemical manufacturer specializing in acetone and phosphorus chemistries. Operating on a B2B2C model, it offers 150+ products across 5 segments: performance chemicals, paints/coatings/adhesives, pharmaceuticals, agrochemicals, and home/personal care. The company operates two manufacturing facilities in Khopoli and Mahad (Maharashtra), an R&D center in Navi Mumbai, and exports customized formulations globally to 69 countries
- IPO Price Band
- ₹643.00 - ₹676.00
- Lot Size
- 22 Shares
- Bidding Closes
- 10 Sept 2026
- Listing Date
- 16 Sept 2026
Current GMP Status
₹40
+5.92% vs upper band
Est. Listing Gain
-9.62%
Last Trend
10 Sept 2026
Listing Price
₹611.00
Retail Entry
₹14,872
IPO Details
Complete IPO information
| IPO Open Date | 08 Sept 2026 |
|---|---|
| IPO Close Date | 10 Sept 2026 |
| IPO Price Band | ₹643.00 - ₹676.00 |
| Lot Size | 22 Shares |
| Current GMP | ₹40 |
| Estimated Listing Gain | -9.62% |
| Issue Size | Approx ₹500 Cr |
| Fresh Issue | Approx ₹80 Cr |
| Issue Type | Mainboard |
| IPO Listing | BSE, NSE |
| Retail Quota | TBA |
| Registrar | KFin Technologies Ltd. |
| Overall Subscription | 3.3x |
| Minimum Investment | ₹14,872 |
| DRHP Draft Prospectus | |
| RHP Draft Prospectus |
Demand Tracker
Subscription Status
| Category | Shares Reserved | Shares Applied | Subscription (x) |
|---|---|---|---|
| Overall Subscription | 5,80,00,000 | 100% | 59,183,431 |
Analysis
IPO Snapshot & Investor Takeaways
At the upper end of its price band, Prasol Chemicals is priced at ₹676 per share. With a minimum lot size of 22 shares, a retail investor applying for one lot would need approximately ₹14,872 to participate in this Mainboard issue.
The latest recorded Grey Market Premium for Prasol Chemicals stands at ₹40, implying an estimated listing gain of around 5.92% over the issue price if it holds until listing. This is down ₹40 from its previously recorded level. GMP reflects informal grey-market sentiment rather than a guaranteed outcome, and can change at any point until the day of listing.
As of the latest update, Prasol Chemicals's IPO was subscribed 3.3x overall, with a category-wise breakdown of Retail 3.07x, QIB 7.22x, NII 1.8x.
Among the strengths highlighted in Prasol Chemicals's IPO documents: Forward-integrated manufacturer offering over 150 specialty chemicals.; Diversified revenue streams across five major application industries..
Investors should also weigh the risk factors Prasol Chemicals has disclosed, including: Dependent on two facilities vulnerable to regulatory shutdowns..
A share of Prasol Chemicals's issue proceeds is earmarked for Repayment Of Borrowings: 60 (75%).
Mainboard IPOs list on the main platform of BSE/NSE, typically involve larger issue sizes, and draw participation across retail, HNI and institutional (QIB) investor categories.
Timeline
IPO roadmap at a glance
✓
Bidding Opens
08 Sept 2026
✓
Bidding Closes
10 Sept 2026
✓
Allotment
11 Sept 2026
✓
Listing
16 Sept 2026
Grey Market Premium
Daily GMP status
| Date | GMP | Change | Gain |
|---|---|---|---|
| 10 Sept 2026 | ₹0.00 | -₹40.00 | TBA |
| 09 Sept 2026 | ₹40.00 | -₹45.00 | 5.92% |
| 08 Sept 2026 | ₹85.00 | -₹35.00 | 12.57% |
| 07 Sept 2026 | ₹120.00 | -₹50.00 | 17.75% |
| 06 Sept 2026 | ₹170.00 | - | 25.15% |
Swipe to see more →
Market Lot
Application size breakdown
| Category | Lots | Shares | Amount |
|---|---|---|---|
| Retail Minimum | 1 Lot | 22 | ₹14,872 |
| Retail Maximum | 13 Lot | 286 | ₹1,93,336 |
| S-HNI Minimum | 14 Lot | 308 | ₹2,08,208 |
| S-HNI Maximum | 67 Lot | 1,474 | ₹9,96,424 |
| B-HNI Minimum | 68 Lot | 1,496 | ₹10,11,296 |
Swipe to see more →
Fund Utilization
Objects of the Issue & Official Documents
- Repayment Of Borrowings 60 (75%)
Issue Notes
Important takeaways before applying
Strengths
- Forward-integrated manufacturer offering over 150 specialty chemicals.
- Diversified revenue streams across five major application industries.
- Global operational scale with exports reaching 69 countries.
- Strong R&D capabilities with a pipeline of 40 new formulations.
- Facilities meet stringent international regulatory and quality standards.
Risks
- Dependent on two facilities vulnerable to regulatory shutdowns.
- Handling hazardous raw materials exposes operations to accident liabilities.
- Significant reliance on a limited number of raw material suppliers.
- A substantial portion of revenue is concentrated among top 10 customers.
- Historical fluctuations in net operating cash flows raise liquidity risks.
Analysis
Prasol Chemicals IPO Reservation
The Prasol Chemicals IPO shares are reserved across different investor categories, including anchor investors, qualified institutional buyers, non-institutional investors and retail investors. The reservation structure determines the portion of the issue available to each category.
| Investor Category | Share Offered | % Shares |
|---|---|---|
| Anchor Investor | 22,18,930 Shares | 30% |
| QIB (Ex. Anchor) | 14,79,289 Shares | 20% |
| NII Shares Offered | 11,09,466 Shares | 15% |
| Retail Shares Offered | 25,88,753 Shares | 35% |
Note: The reservation percentages are based on the provided Prasol Chemicals IPO issue structure.
Analysis
Prasol Chemicals IPO Anchor Investors
The Prasol Chemicals IPO anchor investor bidding is scheduled before the public issue opens. Anchor investors are allotted shares ahead of the IPO subscription period, providing an early indication of institutional participation in the issue.
| Particular | Details |
|---|---|
| Anchor Bidding Date | September 7, 2026 |
| Anchor Investors List | |
| Shares Offered | 22,18,930 Shares |
| Anchor Size | 150.00 Cr. |
| Lock-in Period End Date – 50% Shares (30 Days) | October 11, 2026 |
| Lock-in Period End Date – 50% Shares (90 Days) | December 10, 2026 |
Note: Anchor investor details and lock-in dates are based on the provided Prasol Chemicals IPO information.
Analysis
Prasol Chemicals IPO Dates
| Particular | Dates |
|---|---|
| IPO Open Date | 08 Sept 2026 |
| IPO Close Date | 10 Sept 2026 |
| Basis of Allotment | 11 Sept 2026 |
| Refunds | 15 Sept 2026 |
| Credit to Demat Account | 15 Sept 2026 |
| IPO Listing Date | 16 Sept 2026 |
Note: The timeline for Prasol Chemicals IPO is tentative and subject to change.
Analysis
Prasol Chemicals IPO Promoters and Holding Pattern
The promoters of Prasol Chemicals are Nishith Rajnikant Shah, Gaurang Natwarlal Parikh, Dhaval Nalin Parikh, Pankil Nishith Dharia, Sachin Jatin Parikh, Rakesh Gupta, Nishith Rasiklal Dharia, Kunal Tushar Dharia, Suketu Navinchandra Parikh, and Usha Rajnikant Shah. The table below shows the shareholding pattern before and after the IPO.
| Particular | Pre IPO Shares | Pre IPO % Shares | Post IPO Shares | Post IPO % Shares |
|---|---|---|---|---|
| Promoter and Promoter Group | 51,735,560 | 89.20% | 45,522,554 | 76.92% |
| Others* | 6,264,440 | 10.80% | 13,660,877 | 23.08% |
| Total | 5,80,00,000 | 100% | 59,183,431 | 100% |
Note: The holding pattern is based on the provided Prasol Chemicals IPO shareholding data. “Others*” represents shareholders other than the promoter and promoter group.
Analysis
Prasol Chemicals Objects of the Issue & Utilisation of Proceeds
| Purpose | Crores |
|---|---|
| Purpose | Crores |
| Repayment and/ or pre-payment, in full or part, of certain borrowings availed by our Company | ₹60.00 |
| General Corporate Purpose | ₹- |
Note: Objectives are as specified in the DRHP/RHP documents of Prasol Chemicals.
Analysis
Prasol Chemicals About IPO
Prasol Chemicals, founded in 1992, is a speciality chemicals manufacturer. The firm manufactures over 150 specialty chemicals, such as acetone-based, phosphorus-based, and other complex chemicals. Its product portfolio includes 21 acetone-based chemicals, 53 phosphorus-based chemicals, and 76 other specialty chemicals.
Its products cater to a wide range of industries: performance chemicals (like lubricants and mining additives), paint, inks, construction, and adhesives (PICA), pharmaceuticals, agrochemicals, and home and personal care. Major customers include Alembic Pharmaceuticals, Lubrizol India, Rossari Biotech, Clean Science, Gharda Chemicals, Croda India, Supriya Lifescience, and Yasho Industries. So far, the firm has served 1600 customers and exports to 69 countries. Moreover, Prasol Chemicals operates 2 manufacturing facilities in Khopoli (1,20,604 sq. m.) and Mahad (1,19,423 sq. mt.).
Analysis
Prasol Chemicals Company Financials
| Period | Revenue | Expense | PAT | Assets |
|---|---|---|---|---|
| 2023 | ₹184.81 | ₹154.97 | - | - |
| 2024 | ₹206.45 | ₹175.85 | - | - |
| 2025 | ₹322.58 | ₹261.43 | - | - |
| Dec 2025 | ₹236.50 | ₹186.96 | - | - |
Note: Financial numbers for Prasol Chemicals are in ₹ Crores unless stated otherwise.
Analysis
Prasol Chemicals Company Valuation – FY2026
| KPI | Values |
|---|---|
| ROE | 20.37% |
| ROCE | 22.43% |
| EBITDA Margin | 11.30% |
| PAT Margin | 6.74% |
| Debt to Equity Ratio | 0.19 |
| Earning Per Share (EPS) | 14.33 (Basic) |
| Price/Earning P/E Ratio | - |
| Return on Net Worth (RoNW) | 18.53% |
| Net Asset Value (NAV) | 77.33 |
Note: Valuation KPIs for Prasol Chemicals are computed for FY2026.
Analysis
Prasol Chemicals IPO Peer Group Comparison
| Company | EPS | PE Ratio | RoNW % | NAV | Income |
|---|---|---|---|---|---|
| Powerica Limited | 15.26 | - | - | - | - |
| Cummins India Limited | 72.15 | - | - | - | - |
| Kirloskar Oil Engines Limited | 33.71 | - | - | - | - |
| NTPC Green Energy Limited | 0.67 | - | - | - | - |
| Acme Solar Holdings Limited | 4.55 | - | - | - | - |
| Adani Green Energy Limited | 8.37 | - | - | - | - |
Note: Peer group comparisons for Prasol Chemicals are sourced from DRHP filings.
Analysis
Prasol Chemicals IPO Lead Managers aka Merchant Bankers
- Dam Capital Advisors Ltd.
Comparison
Compare Prasol Chemicals IPO with similar IPOs
FAQ
Prasol Chemicals IPO FAQs
Prasol Chemicals IPO price band is Rs 643.00 to Rs 676.00. Check the latest issue price, lot size and GMP together before applying.
Prasol Chemicals IPO open date is 08 Sept 2026, close date is 10 Sept 2026, and listing date is 16 Sept 2026.
Prasol Chemicals IPO lot size is 22 shares. The minimum retail investment is Rs 14,872.
Prasol Chemicals is classified as a Mainboard IPO. This helps investors quickly understand the issue category and exchange segment.
Prasol Chemicals IPO subscription status currently shows Retail 3.07x, QIB 7.22x, NII 1.8x, Overall 3.3x.
Prasol Chemicals is a forward-integrated specialty chemical manufacturer specializing in acetone and phosphorus chemistries. Operating on a B2B2C model, it offers 150+ products across 5 segments: performance chemicals, paints/coatings/adhesives, pharmaceuticals, agrochemicals, and home/personal care. The company operates two manufacturing facilities in Khopoli and Mahad (Maharashtra), an R&D center in Navi Mumbai, and exports customized formulations globally to 69 countries
Prasol Chemicals IPO issue size is 500 and the expected allotment date is 11 Sept 2026.
Community discussion
Comments
Share a useful question or insight about Prasol Chemicals.
Leave a comment
Your email address will not be published. All comments and replies are reviewed before appearing.
Keep Exploring
Similar Recent IPOs
Mainboard
Bombay Coated & Special Steels
Price BandTBA
Current GMP₹0
Lot SizeTBA
Mainboard
BLS Polymers
Price Band₹142.00 - ₹150.00
Current GMP₹29 · +19.3%
Lot Size100 Shares
Mainboard
SFC Environmental Technologies
Price Band₹313.00 - ₹330.00
Current GMP₹21 · +6.4%
Lot Size45 Shares
Mainboard
EAAA India Alternatives
Price Band₹1585.00 - ₹1665.00
Current GMP₹0
Lot Size9 Shares
Loading comments...