Prasol Chemicals Limited
PROSPECTUS · filed 11 Sept 2026
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 year | Revenue | EBITDA | PAT | Net 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
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.

