All filings

Prasol Chemicals Limited

PROSPECTUS · filed 11 Sept 2026

Issue complete

Prasol Chemicals Limited is a chemical manufacturing company with a revenue CAGR of 18.58% and a latest revenue of Rs 1,232.59 crore. The IPO consists of a fresh issue of Rs 80 crore and an offer for sale of Rs 420 crore, with 84% of the offer being an OFS. The company faces significant risks related to manufacturing operations, including the potential for shutdowns, equipment breakdowns, and unplanned disruptions. Additionally, the company has faced regulatory scrutiny and safety incidents, including a fatality at its Mahad facility and a show cause notice from the MPCB regarding environmental compliance.

What stands out

Mostly an exit. 84% of the offer is an Offer for Sale, so most proceeds go to selling shareholders, not the company.

Risk factor. Our business is dependent on our manufacturing facilities and we are subject to certain related risks. Unplanned slowdowns, unscheduled shutdowns or prolonged disruptions in our manufacturing operations or under-utilization of our manufacturing capacities could have an adverse effect on our business

Risk factor. Our manufacturing facilities are subject to operating risks, such as the breakdown or failure of equipment, power supply or processes, performance below expected levels of output, efficiency, labour disputes, strikes, environmental issues, lock-outs, non-availability of services of our external cont

Risk factor. Any significant malfunction or breakdown of our machinery or equipment at our manufacturing facilities may entail significant repair and maintenance costs and cause delays in our operations.

Risk factor. In the event that we are forced to shut down our manufacturing facility for a significant period of time, it would have a material adverse effect on our earnings, our results of operations and our financial condition as a whole.

Low leverage. Debt-to-equity of 0.25x.

How the offer is structured

Fresh issue

₹80.0 Cr

New capital into the company

Offer for sale

₹420 Cr

Goes to selling shareholders

OFS share

84%

Debt repayment

₹60.0 Cr

From fresh proceeds

  • Repayment or pre-payment, in full or in part, of certain of our outstanding borrowings availed by our Company₹60.0 Cr
  • General corporate purposes₹16.4 Cr

Restated financials

Revenue

₹1.23k Cr

Latest fiscal year

Revenue CAGR

18.6%

Return on equity

14.2%

Debt / equity

0.25

P/E at upper band

47.17

Only in a priced RHP

Fiscal yearRevenueEBITDAPATNet worth
2024₹877 Cr₹326 Cr
2025₹1.01k Cr₹367 Cr
2026₹1.23k Cr₹449 Cr

Promoters, litigation & related parties

Promoter (pre)

40.3%

Risks the company discloses

  • Our business is dependent on our manufacturing facilities and we are subject to certain related risks. Unplanned slowdowns, unscheduled shutdowns or prolonged disruptions in our manufacturing operations or under-utilization of our manufacturing capacities could have an adverse effect on our business, results of operations, cash flows and financial condition.(Manufacturing Operations)

  • Our manufacturing facilities are subject to operating risks, such as the breakdown or failure of equipment, power supply or processes, performance below expected levels of output, efficiency, labour disputes, strikes, environmental issues, lock-outs, non-availability of services of our external contractors, planned shut-down for maintenance or inspections etc.(Manufacturing Operations)

  • Any significant malfunction or breakdown of our machinery or equipment at our manufacturing facilities may entail significant repair and maintenance costs and cause delays in our operations.(Manufacturing Operations)

  • In the event that we are forced to shut down our manufacturing facility for a significant period of time, it would have a material adverse effect on our earnings, our results of operations and our financial condition as a whole.(Manufacturing Operations)

  • Our Company received closure directions from the MPCB on October 27, 2023, following a gas scrubbing systems, H₂S leakage and chlorine detection incident at our Mahad Manufacturing Facility on October 04, 2023. The incident involved the release of H₂S and SO₂ gases during the manufacturing process, which resulted in one fatality and four hospitalization.(Regulatory Compliance)

  • On November 14, 2022, at our Mahad Manufacturing Facility, during the unloading of caustic lye from a tanker, a quantity of residual material was being transferred into a carboy. During this transfer, two workers lost consciousness, resulting in the unfortunate fatality of one worker.(Health & Safety)

  • Our Company has received a show cause notice from MPCB dated March 27, 2025 for non-compliances under section 33(A) of the Water (Prevention & Control of Pollution) Act, 1974 & under section 31(A) of the Air (Prevention and Control of Pollution) Act, 1981 for storage of hazardous waste, not providing proper coal ash storage area and coal ash unscientifically on open land, not submitting the details of bank guarantee, details of hydrogeological study, one aeration tank and clarifier of ETP are not in operation.(Regulatory Compliance)

  • MIDC has issued a Show Cause Notice to our Company dated August 12, 2024 for vacating the property and revoking the lease for failing to submit the plans of a project for approval to Executive Development Corporation.(Regulatory Compliance)

How this document reads, dimension by dimension

growthrevenue CAGR 18.6%
governanceno governance flags found
balance sheetdebt/equity 0.25x
issue structure84% of the offer is OFS

Each bar is a fixed formula applied to the figures shown above, scored 0–100. This is a reading of what the company disclosed — not a recommendation to apply or avoid, not a price target, and not a prediction of listing performance. Dimensions that could not be extracted are excluded rather than assumed, so coverage varies between documents.

Figures are extracted automatically from the document filed with SEBI and may contain errors — the linked SEBI document is the authoritative record; analysed 16 Sept 2026.

Not investment advice

These lists are rules-based research, not buy recommendations. Rankings are generated from NSE & BSE data by a deterministic formula and do not account for your personal circumstances. For informational purposes only. Consult a SEBI-registered advisor before investing.

Prasol Chemicals Limited Prospectus — SEBI filing analysis | DocStoX