Prasol Chemicals IPO
MainboardPrasol Chemicals is a leading Indian specialty chemicals manufacturer specializing in phosphorus and acetone derivative chemistries for agrochemicals, pharmaceuticals, and lubricants.
Verdict: Neutral
Est. GMP
+₹40 (+6%)
Price range
₹676
Lot size
—
Issue size
—
Allotment
11 Sept
Listing
15 Sept
Review
1. Grey market premium
★★★★★The GMP is modest at under 6%, indicating muted listing gain expectations in current market conditions.
2. Company financials
★★★★★The company has demonstrated steady top-line growth and healthy operating margins, though vulnerable to raw material cycles.
3. Subscription status
★★★★★Subscription numbers are building up slowly across categories during the issue window.
4. Anchor investors
★★★★★Anchor participation details reflect moderate interest from domestic institutional funds.
Company financials
Amount ₹ in Crores
| Period ended | Revenue | Expense | PAT | Assets |
|---|---|---|---|---|
| 2024 (C) | ₹887.56 | ₹848.28 | ₹18.13 | ₹626.36 |
| 2025 (C) | ₹1,015.54 | ₹956.25 | ₹43.57 | ₹723.09 |
| 2026 (S) | ₹1,237.85 | ₹1,125.95 | ₹83.12 | ₹839.28 |
C = Consolidated figures · S = Standalone figures
Subscription
Anchor investors
| Anchor size | 150.00 Cr. |
| Shares offered | 22,18,930 Shares |
| Bidding date | September 7, 2026 |
| Lock-in ends (50%, 30 days) | Oct 11, 2026 |
| Lock-in ends (50%, 90 days) | Dec 10, 2026 |
Anchor allocation details are not fully disclosed or finalized.
Risks
- CyclicalBusiness performance is heavily tied to cyclical commodity pricing in phosphorus and acetone chemical chains.
- ConcentrationA substantial portion of revenue depends on top key customer relationships in agrochemicals and lubricants.
- RegulatoryOperations involve hazardous chemical handling, exposing the company to strict environmental regulations and compliance risks.
- FinancialHigh working capital requirements and input cost volatility pose margins risk.