Prasol Chemicals Shares List at 10% Discount on NSE
Prasol Chemicals made its stock market debut on Wednesday, September 16, 2026, with its shares listing at a 9.76% discount on the NSE. The stock opened at ₹610 apiece on the NSE against its IPO issue price of ₹676 per share. On the BSE, the shares debuted at ₹611 per share, representing a 9.62% discount over the issue price.
The company’s ₹500.00 crore IPO was open for subscription from September 8 to September 10, 2026, and witnessed moderate investor interest. The issue was subscribed 3.30 times by the end of the bidding period.
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
Explore other Upcoming IPOs on BSE and NSE.
Prasol Chemicals IPO Overall Subscription Status
[September 10, 2026, 7:00 PM]
|
Category |
Subscription (x) |
|
Qualified Institutional Buyers (QIBs) |
7.22x |
|
Non-Institutional Investors (NIIs) |
1.80x |
|
Retail Individual Investors (RIIs) |
1.70x |
|
Total |
3.30x |
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
Incorporated in 1992, Prasol Chemicals Limited is a forward-integrated specialty chemicals manufacturer with more than 33 years of industry experience. The company manufactures a diverse portfolio of acetone-based, phosphorus-based, and other specialty chemicals used across industries including performance chemicals, paints and coatings, pharmaceuticals, agrochemicals, and home and personal care.
As of July 15, 2026, Prasol Chemicals served over 1,600 customers across 69 countries with a portfolio of more than 150 products. As of June 30, 2026, its offerings 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 |
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