Prasol Chemicals IPO allotment likely today: Check status, GMP and other details

Investors who subscribed to the Prasol Chemicals IPO could receive the much-awaited allotment update today. With the issue subscribed 3.47 times overall, investors are now awaiting the basis of allotment and looking ahead to the company’s stock-market debut.

The Rs 500 crore Prasol Chemicals IPO is expected to finalise its share allotment today, allowing investors to check online whether they have been allotted shares. The company’s shares are scheduled to be listed on both the BSE and NSE on September 16, 2026.

As of now, Prasol Chemicals has no grey market premium (GMP), indicating expectations of a potentially flat listing. However, GMP is an unofficial indicator and can change before the shares debut.


The IPO opened for subscription on September 8, 2026, and closed on September 10, 2026. It was subscribed 3.47 times overall, with the retail investor portion receiving 1.79 times subscription. The non-institutional investor (NII) category was subscribed 1.89 times, while qualified institutional buyers (QIBs) placed bids for 7.59 times the shares on offer.

DAM Capital Advisors Ltd. is the book-running lead manager for the issue, while KFin Technologies Ltd. is acting as the registrar.

Investors can check their allotment status through any of the following platforms:

1. KFin Technologies (Registrar)
Visit the KFin Technologies IPO allotment page (https://ipostatus.kfintech.com/)
Select Prasol Chemicals from the drop-down menu.
Enter your PAN, application number, or DP/Client ID.
Click Submit to view your allotment status.

2. NSE
Visit the NSE IPO allotment page. (https://www.nseindia.com/invest/check-trades-bids-verify-ipo-bids)
Select Equity.
Choose Prasol Chemicals from the list.
Enter your application number and PAN to check the status.

3. BSE
Visit the BSE IPO allotment link: https://www.bseindia.com/investors/appli_check
Now tick Equity under issue type.
Choose Prasol Chemicals from the dropdown menu.
Enter your application number or PAN.
Complete the captcha verification and click Search to view your allotment details.

IPO Objects of the Issue

The company plans to use the IPO proceeds primarily to repay or prepay certain borrowings, either fully or partially, amounting to approximately Rs 60 crore. The remaining proceeds will be utilised for general corporate purposes, with the total issue proceeds estimated at Rs 60 crore.

Financial Performance

Prasol Chemicals Ltd. reported a 22% increase in total income, rising from Rs 1,015.54 crore in FY25 to Rs 1,237.85 crore in FY26. Profit after tax (PAT) grew strongly by 91%, from Rs 43.57 crore in FY25 to Rs 83.12 crore in FY26, reflecting a significant improvement in profitability.

About Prasol Chemicals Ltd.

Prasol Chemicals Ltd., incorporated in 1992, is a speciality chemicals manufacturer with a portfolio of 150+ products, including acetone-based, phosphorus-based, and other speciality chemicals. Its products cater to key industries such as performance chemicals, paints & inks, construction & adhesives, pharmaceuticals, agrochemicals, and home & personal care.

The company operates manufacturing facilities at Khopoli and Mahad, with a combined annual capacity of 98,644 MT. As of July 31, 2026, Prasol served 1,600 customers and exported to 69 countries. Its key customers include Alembic Pharmaceuticals, Lubrizol India, Rossari Biotech, Clean Science, Gharda Chemicals, Croda India, Supriya Lifescience, and Yasho Industries.

Prasol is a 3-Star Export House recognised by the Government of India and has a strong global distribution network across APAC, North and South America, and Europe.

(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)