Prasol Chemicals Limited IPO
Offer terms, application timeline, financial context and company details in one place.
Issue at a glance
- Issue size
- ₹0.05 crore
- Face value
- ₹2
- Issue method
- Book Building
- Fresh issue
- ₹0.05 crore
- Symbol
- PRASOLCHEM
- ISIN
- INE455U01024
Subscription
0.45×overall subscribed
| Investor category | Applications | Shares bid | Subscribed |
|---|---|---|---|
| Qualified Institutional Buyers(QIBs) | — | 6,116 | 0× |
| Foreign Institutional Investors(FIIs) | — | 1,496 | — |
| Domestic Financial Institutions(Banks/ Financial Institutions(FIs)/ Insurance Companies) | — | 0 | — |
| Mutual funds | — | 0 | — |
| Others | — | 4,620 | — |
| Non Institutional Investors | — | 5,24,744 | 0.45× |
| Non Institutional Investors(Bid amount of more than Ten Lakh Rupees) | — | 2,01,036 | 0.26× |
| Corporates | — | 10,472 | — |
| Individuals(Other than RIIs) | — | 1,77,562 | — |
| Others | — | 13,002 | — |
| Non Institutional Investors(Bid amount of more than Two Lakh Rupees upto Ten Lakh Rupees) | — | 3,23,708 | 0.83× |
| Corporates | — | 2,464 | — |
| Individuals(Other than RIIs) | — | 3,00,256 | — |
| Others | — | 20,988 | — |
| Retail Individual Investors(RIIs) | — | 19,09,336 | 0.7× |
| Cut Off | — | 16,72,792 | — |
| Price bids | — | 2,36,544 | — |
| Total | — | 24,40,196 | 0.45× |
Demand by bid price
About the company
Incorporated in 1992, Prasol Chemicals operates in the specialty chemicals industry. The company manufactures over 150 specialty chemicals, including acetone-based, phosphorous-based, and other complex chemicals. Its product portfolio includes 21 acetone-based chemicals, 53 phosphorous-based chemicals, and 76 other specialty chemicals (e.g. surfactants, esters, acids). The products serve 5 major industries, including Performance chemicals (like lubricant and mining additives), paint, inks, construction, and adhesives (PICA), pharmaceuticals, agrochemicals, and home and personal care. Manufacturing Facility: The company operates two manufacturing facility in Khopoli across 1,20,604 sq. m., Mahad across 1,19,423 sq. mt with an aggregate capacity of 98,644 MT per year. Key customers: Alembic Pharmaceuticals, Lubrizol India, Rossari Biotech, Clean Science, Gharda Chemicals, Croda India, Supriya Lifescience, Yasho Industries, etc.
Financial snapshot
Figures in ₹ crore unless otherwise specified.
| Period Ended | Mar-26 | Mar-25 | Mar-24 |
|---|---|---|---|
| Assets | 839.28 | 723.09 | 626.36 |
| Total Income | 1,237.85 | 1,015.54 | 887.56 |
| Profit After Tax | 83.12 | 43.57 | 18.13 |
| EBITDA | 139.32 | 87.77 | 60.53 |
| NET Worth | 448.51 | 367.46 | 325.84 |
| Reserves and Surplus | 436.91 | 355.87 | 314.24 |
| Total Borrowing | 110.06 | 101.05 | 82.07 |
What to consider
Business strengths
- This Draft Red Herring Prospectus contains certain “forward-looking statements”. All statements regarding our expected financial condition and results of operations, business, plans and prospects are forward looking statements, which include statements with respect to our business strategy, our revenue and profitability, our goals and other matters discussed in this Draft Red Herring Prospectus regarding matters that are not historical facts. These forward-looking statements generally can be identified by words or phrases such as “aim”, “anticipate”, “believe”, “can”, “could”, “expect”, “estimate”, “intend”, “may”, “likely”, “objective”, “plan”, “propose”, “project”, “seek to”, “will”, “will achieve”, “will continue”, “will pursue” or other words or phrases of similarimport but are not the exclusive means of identifying such statements.
Key risks
- There are significant differences between Ind AS, U.S. GAAP and IFRS. Please see ‘Risk Factor – Significant differences exist between Ind AS and other accounting principles, such as U.S. GAAP and IFRS, which may be material to the Restated Financial Information prepared and presented in accordance with SEBI ICDRRegulations contained in this Draft Red Herring Prospectus’ on page71. Our Company does not provide reconciliation of its financial information to IFRS or U.S. GAAP. Our Company has not attempted to explain those differences or quantify their impact on the financial data included in this Draft Red Herring Prospectus and it is urged that you consult your own advisors regarding such differences and their impact on our financial data.
Peer comparison
| Company | P/E (x) | Face value (₹) |
|---|---|---|
| Prasol Chemicals Limited | 47.17 | 2 |
| Aarti Industries Limited | 46.79 | 5 |
| Atul Limited | 28.04 | 10 |
| Laxmi Organic Industries Limited | 59.95 | 2 |
| Vinati Organics Limited | 30.95 | 1 |
| Privi Speciality Chemicals Limited | 42.67 | 10 |
| Yashashvi Industries Limited | 206.68 | 10 |
| Excel Industries Limited | 17.12 | 5 |