IPO Snapshot
 
Prasol Chemicals Ltd.
Issue Open Date 08-Sep-26  
Issue Closing Date 10-Sep-26  
Application Money 100  
Allotment Money  
Price Band 643 - 676  
Minimium Application No. 22  
Issue Size (Shares) 7776039  
Market Lot 1  
Objective
1. Repayment and/ or pre-payment, in full or part, of certain borrowings availed by our Company;2. General corporate purposes.
Category No. of Shares No. of Shares Subscription Ratio
  Offered / Reserved Bid For  
Non-Institutional Investors        
Qualified Institutional Buyers        
Retail Individual Investors        
Business Description:
We are among the leading forward integrated manufacturers of acetone derivatives and phosphorous derivatives in India. (Source: CRISIL Report) Our products have end uses in four segments namely pharmaceuticals, agrochemicals, home and personal care and performance chemicals. Since incorporation, we have significantly expanded our business and scale of operations and have grown from a small scale manufacturer to a large diversified specialty chemical player with a global footprint. We are a Government of India certified Two Star Export House Company with the global distribution network spread across 45 countries across Asia, North America and the European Union as on December 31, 2021. The revenue from export of our products for the nine month period ended December 31, 2021 and for Fiscals 2021, 2020 and 2019 accounted for ? 1,342.79 million, ? 1,387.20 million, ? 1,406.47 million and ? 1,245.00 million, resulting into 21.24%, 23.04%, 26.30% and 24.96%, of our total income, respectively for such periods.
Promoter's Holding
Total Share Capital   51735560  
Offered to Public   7396437  
Promoter's Holding (Pre-Issue)   89.2  
Promoter's Holding (Post-Issue)    
Address
Prasol House
Plot No A - 17 / 2 / 3
T . T . C . Industrial Area
Khairne M I D C
Thana ,
Maharashtra ,
400710
Phone : 022-61952500
Email : investorservices@prasolchem.com
Website : www.parsolchem.com
Registrar
K FIN Technologies Ltd.-(Karvy Fintech Pvt Ltd.)
Karvy Selenium Tower B
Plot 31-32
Gachibowli
Financial District
Nanakramguda
Hyderabad
Listed at
BSE, NSE
Lead Manager
Dam Capital Advisors Ltd. (Formerly IDFC Securities Ltd.)
Promoters
Dhaval Nalin Parikh
Gaurang Natwarlal Parikh
Kunal Tushar Dharia
Nishith Rajanikant Shah
Nishith Rasiklal Dharia
Pankil Nishith Dharia
Rakesh Gupta
Sachin Jatin Parikh
Suketu Navinchandra Parikh
Usha Rajnikant Shah