By: ICN Bureau
Last updated : September 03, 2026 5:48 pm
The Offer comprises a fresh issue of up to Rs. 80 crore and an offer for sale (OFS) of up to Rs, 420 crore
Speciality chemicals firm Prasol Chemicals IPO price band has been fixed in the range of Rs. 643 to Rs. 676 per equity share of the face value of Rs. 2. The date of subscription is scheduled for Tuesday, 8 September and will close on Thursday, 10 September.
The Offer comprises a fresh issue of up to Rs. 80 crore and an offer for sale (OFS) of up to Rs, 420 crore. The total offer size amounts to Rs. 500 crore and the company proposes to utilise the net proceeds towards repayment of certain borrowings and general corporate purposes.
Of the net proceeds from the fresh issue, Rs. 60 crore will be used to repay debt, against outstanding borrowings of Rs. 343.7 crore as of 15 July 2026. The remaining funds will be utilised for general corporate purposes. Proceeds from the OFS will accrue entirely to the selling shareholders.
Prasol Chemicals was incorporated in 1992 and with over 33 years of experience in the specialty chemicals industry. The company is a forward integrated manufacturer of acetone and phosphorous based specialty chemicals and other specialty chemicals involving complex and differentiated chemistries.
The company is a highly diversified specialty chemical player with over 150 specialty chemical products and over 1,600 customers and exports to 69 countries, as of July 15, 2026. Its products find diversified applications across numerous industries with 5 key segments being: performance chemicals (including lubricant additives and mining chemicals); PICA viz., paints, inks construction, & adhesives; pharmaceuticals; agrochemicals; and home and personal care.
In FY26, acetone-based speciality chemicals accounted for 43 per cent of revenue, making it the largest contributor. Phosphorus-based speciality chemicals contributed 38 per cent, while other speciality chemicals accounted for the remaining 18 per cent.