Prasol Chemicals’ initial public offering (IPO) is set to open for subscription on September 8, 2026. According to the Red Herring Prospectus (RHP), the ₹500.00 crore book-built issue comprises a fresh issue of up to ₹80.00 crore and an offer for sale (OFS) of up to ₹420.00 crore.

The IPO will remain open until September 10, 2026. The basis of allotment is expected to be finalised on September 11, 2026, and the shares are tentatively scheduled to be listed on the BSE and NSE on September 16, 2026.

Prasol Chemicals IPO - Issue Details

Issue Type: Book Built Issue (Fresh Issue + OFS)
Total Issue Size: Up to ₹500.00 crore
Fresh Issue: Up to ₹80.00 crore
Offer for Sale (OFS): Up to ₹420.00 crore
Face Value: ₹2 per equity share
Price Band: ₹643 to ₹676 per share
Lot Size: 22 shares
Minimum Investment Amount (Retail Investor): ₹14,872 (22 shares at the upper price)
Listing: BSE, NSE
Book Running Lead Managers: DAM Capital Advisors Limited
Registrar: KFin Technologies Limited

Prasol Chemicals IPO Timeline (Tentative)

The expected IPO schedule is as follows:

Event	Date
Subscription Opening Date	8 September 2026
Subscription Closing Date	10 September 2026
Basis of Allotment Date	11 September 2026
Refund Initiation Date	15 September 2026
Credit of Shares	15 September 2026
Listing on BSE and NSE	16 September 2026

Note: The allotment and listing dates are tentative and may be revised.

Explore other Upcoming IPOs on BSE and NSE.

Prasol Chemicals IPO Category-wise Investment Limits

The application size for each category is as follows -

Category	Investment Range
Qualified Institutional Buyers (QIBs)	Not more than 50% of the Net Issue
Non-Institutional Investors (NIIs)	Not less than 15% of the Net Issue
Retail Individual Investors (RII)	Not less than 35% of the Net Issue

The minimum investment amount for each category, based on the upper price band of ₹676 per share, is as follows -

Investor Category	Lots	Shares	Investment Amount (Approx.)
Retail (Minimum)	1	22	₹14,872
Retail (Maximum)	13	286	₹1,93,336
sNII (Minimum)	14	308	₹2,08,208
bNII (Minimum)	68	1,496	₹10,11,296

Utilisation of IPO Proceeds

The company intends to utilise the net proceeds from the fresh issue towards:

Repayment and or pre-payment, in full or part, of certain borrowings availed by the company
General corporate purposes.

About Prasol Chemicals Limited

Prasol Chemicals Limited , incorporated in 1992, is a forward-integrated specialty chemicals manufacturer with over 33 years of experience, producing acetone-based, phosphorus-based and other complex specialty chemicals. As of July 15, 2026, the company offered over 150 products to more than 1,600 customers across 69 countries, serving key industries including performance chemicals, paints and coatings, pharmaceuticals, agrochemicals, and home and personal care.

As of June 30, 2026, its portfolio comprised 21 acetone-based, 53 phosphorus-based and 76 other specialty chemicals, including customised surfactants, additives, ethers, esters, polymers and acids.

Key Financial Highlights

Particulars	FY26 (in ₹ crore)	FY25 (in ₹ crore)	FY24 (in ₹ crore)
Revenue from operations	1,232.59	1,012.49	876.57
EBITDA	139.32	87.77	60.53
Profit After Tax (PAT)	83.12	43.57	18.13