Prasol Chemicals Limited

IPO Size

`800 Cr

Price Band


Minimum Lot Size


Face Value

`2 Per Share

Employee Discount


Retail Allocation


Issue Open Date


Issue Close Date


Listing Date


About the Company:

As per the CRISIL Report, Prasol Chemical is among the leading forward integrated manufacturers of acetone derivatives and phosphorous derivatives in India. The firm’s products have end uses in four segments namely pharmaceuticals, agrochemicals, home, and personal care, and performance chemicals. Since incorporation, Parsol Chemicals 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.


Prasol Chemical is a Government of India certified Two Star Export House Company with a global distribution network spread across 45 countries across Asia, North America, and the European Union as of December 31, 2021. The revenue from the export of its products for the nine months 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 the total income, respectively for such periods.


The firm’s Khopoli Facility located in Maharashtra has been certified with ISO 9001:2015, ISO 45001:2018, and ISO 14001:2015 from Bureau Veritas. The chemical company is also awarded the “Splash Award” for annual performance for the year 2017 – 2018 for being the most proactive and progressive importer of the year by All India Liquid Bulk Importers and Exporters Association and a “silver medal” as a recognition for our EcoVadis Rating from EcoVadis Sustainability Rating.


Outstanding Litigation:

S.No.  Company  Directors  Promoters
Entity Name By the Company Against the Company By the Director Against the Director By the Promoter Against the Promoter
Criminal cases 2 - - - - 2
Material civil cases 4 - - - - -
Taxation matters - - - - - -
Regulatory Proceedings - - - - - -


Financial Statements:

Income Statement(in Milllions) Dec'2021 FY21 FY20 FY19
Gross Operating Income 6,321.85 6,021.36 5,347.15 4,988.74
Cost of Employee & Inventory 209.77 188.65 217.85 158.84
Other Expenses 5,425.48 5,439.63 4,718.08 4,471.76
EBITDA 896.37 581.73 629.07 516.98
Depreciation 129.06 126.95 104.04 78.51
Finance Cost 95 116.88 86.35 56.32
Profit Before Tax 672.31 337.9 438.68 382.15
 Tax 171.35 87.06 60.94 144.95
Profit After Tax 500.96 250.84 377.74 237.20

Promoter of the Company

Nishith Rajnikant Shah,

Peer Comparison

• Atul Limited • Aarti Industries Limited • Fine Organic Industries Limited • Neogen Chemicals Limited • Privi Speciality Chemicals Limited • Laxmi Organic Industries limited

Objectives of the Issue

Offer for Sale

The proceeds from the sale of 90,00,000 equity shares will not be received by the company.

Fresh Issue

Net proceeds from the sale of fresh shares worth Rs250cr will be utilized for the following objectives: • Repayment/ prepayment, in full or part, of certain borrowings, availed of by our Company; • Funding working capital requirements of our Company • General corporate purposes.

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