Specialty chemicals company Prasol Chemicals has fixed a price band of ₹643 to ₹676 per equity share for its upcoming Initial Public Offering (IPO). The IPO will open for subscription on September 8, 2026, and close on September 10, 2026. The public issue, comprising equity shares with a face value of ₹2 each, will include a fresh issue of up to ₹80 crore and an Offer for Sale (OFS) of up to ₹420 crore. The total issue size will be up to ₹500 crore.
The company plans to use a portion of the net proceeds from the fresh issue towards reducing its debt. Of the net proceeds, ₹60 crore will be utilised for repayment of the company’s borrowings. As of July 15, 2026, Prasol Chemicals had outstanding debt of ₹343.7 crore. The remaining proceeds from the fresh issue will be used for general corporate purposes. Meanwhile, the entire proceeds from the OFS will go to the selling shareholders.
Established in 1992, Prasol Chemicals has more than 33 years of experience in the specialty chemicals industry. The company manufactures specialty chemicals based on acetone and phosphorus, along with products involving complex chemical processes. Its portfolio caters to a diverse range of industries and applications, positioning the company across multiple segments of the specialty chemicals value chain.
Prasol Chemicals has a portfolio of more than 150 specialty chemical products and, as of July 15, 2026, served over 1,600 customers across 69 countries. Its products are used across a wide range of industries, including performance chemicals, paints, inks, construction and adhesives, pharmaceuticals, agrochemicals, and home and personal care.
Acetone-based and phosphorus-based specialty chemicals account for a significant share of the company’s revenue. In financial year 2026, acetone-based specialty chemicals contributed 43% of the company’s revenue. Phosphorus-based specialty chemicals accounted for 38%, while other specialty chemicals contributed the remaining 18%.
The company’s diversified product portfolio and international customer base remain among its key business strengths. Its presence across 69 countries gives Prasol Chemicals exposure to global markets and multiple end-use industries. The company’s broad range of specialty chemical products also allows it to cater to customers operating across sectors with varying requirements.
The proposed IPO is expected to provide the company with additional capital while also supporting its efforts to reduce debt. The planned repayment of ₹60 crore from the fresh issue proceeds is aimed at strengthening the company’s financial position, while the balance will be available for general corporate requirements.
Prasol Chemicals’ IPO comes at a time when India’s specialty chemicals sector continues to attract attention amid opportunities arising from growing demand across domestic and international markets. With its established operations, diversified product portfolio and presence across global markets, the company is looking to tap the public markets through its ₹500-crore issue.
Investors will be able to subscribe to the Prasol Chemicals IPO from September 8 to September 10, 2026, within the price band of ₹643 to ₹676 per equity share.
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