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Prasol Chemicals Ltd IPO

Prasol Chemicals is among the leading forward integrated manufacturers of acetone derivatives and phosphorous derivatives in India. The company’s products have end uses in four segments namely pharmaceuticals, agrochemicals, home and personal care and performance chemicals. It is 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.

The IPO comprises fresh issue of equity shares aggregating up to Rs 250 crore and an offer-for-sale (OFS) of up to 90 lakh equity shares by the existing shareholders.

The company plans to utilise the net proceeds of the issue towards –

  • Repayment/ prepayment, in full or part, of certain borrowings availed of by the Company
  • Funding working capital requirements of the company
  • General corporate purposes



Opening Date

To be announced

Closing Date

To be announced

Price Band

To be announced

Issue Size

To be announced

Face Value

To be announced

Market Lot

To be announced

Listing at NSE, BSE

IPO Open Date To be announced
IPO Close Date To be announced
Allotment Date To be announced
Initiation Of Refunds To be announced
Credit Of Shares To
Demat Account		 To be announced
IPO Listing Date To be announced
UPI Mandate Expiry Date To be announced

IPO Financials

(₹ in millions, except for percentages) FY21 FY20 FY19
Add: Profit before tax 420.63 115.94 128.02
Add: Depreciation and amortization expense 810.53 788.37 812.62
Finance costs 202.90 261.83 227.93
EBITDA 1,434.06 1,166.14 1,168.57
Less: Other income 53.88 56.09 143.29
Adjusted EBITDA (A) 1,380.18 1,110.05 1,025.28
Revenue from operations (B) 5,100.68 4,509.05 4,139.86
Adjusted EBITDA Margin (A/B) 27.06% 24.62% 24.77%

How to apply in IPO via UPI on Dynami

A simple and smartest way to Apply in IPO online via Religare Dynami Mobile App

Why should you invest in the Prasol Chemicals Ltd IPO?

Below are your top reasons:

  • The fund will be used to strengthen marketing & R&D capabilities and brand building exercise.
  • A part of the fund will be used for ital requirements for Fiscal 2023 will comprise of working capital funding from banks, net proceeds and internal accruals.

Know before investing

Strengths Risks
Among the leading forward integrated manufacturers of acetone derivatives and phosphorous derivatives in India Unplanned slowdowns, unscheduled shutdowns or prolonged disruptions in manufacturing operations or under –utilization of manufacturing capacities
Focus on research and development enabling diversified product portfolio and customised customer solutions Any manufacturing or quality control problems may subject to regulatory action, damage reputation
Focus on long term sustainability through various environmental friendly initiatives Any increase in the cost of raw material or other purchases or a shortfall in the supply of raw materials

How to apply for Prasol Chemicals Ltd IPO ?

Retail investors need to apply for the IPO using UPI

UPI

  • Link your bank account to a UPI ID.
  • Register your UPI id with your Demat account.
  • Subscribe for Prasol Chemicals Ltd IPO and approve the payment on your UPI ID.

Demat Account

  • If you are an existing Dynami user, Pre-Apply Now!
  • If you’re a new investor, open demat account for free with our Dynami App and begin your investment journey.

How to open a Demat & Trading Account?

Demat & Trading Account
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Frequently asked questions

  • An IPO also known as initial pulic offering or stock launch is a process when a private company sale its shares to public for the first time. Learn more about IPO at our knowledge centre.

  • Prasol Chemicals Limited has filed papers with capital markets regulator Sebi to raise Rs 800 crore through an initial public offering. The IPO comprises fresh issue of equity shares aggregating up to Rs 250 crore and an offer-for-sale (OFS) of up to 90 lakh equity shares by the existing shareholders.

  • A lot size is the minimum number of shares that an investor has to bid for. A lot size differs for each IPO and is fixed by the company.

  • IPO Price Band is the price range within which investors can bid for the shares. The minimum price is called the floor price and the maximum price is called the cap price.

  • Issue size is the total value of an IPO. It is calculated by multiplying the number of shares offered by the company by the issue price per share.

  • You will receive an email on your registered email id if the IPO shares are allotted to you. Alternatively, you can also visit the registrar of the company’s official website and provide the details as asked in the allotment status section of the website.

  • IPOs, as such, do not have any taxes. You are taxed only when you decide to sell the IPO shares. Any monetary profit you make while selling the IPO shares is referred to as ‘capital gains’.

    Capital gains tax is charged depending on how long you held the shares for. If you owned the shares for less than 12 months, it is considered as short-term capital gains and if it is over 12 months, it is referred as long-term capital gains.

    Tax on short-term capital gains is 15%. It is 10% for equity gains in the long run (over 12 months). Do remember that you are taxed if the equity proceeds exceed Rs 1 lakh.