Prasol Chemicals IPO Analysis @ Chanakyanipothi.com, India`s Oldest & most Trusted Investment Blog. Operational since 8th December 1999, we are the Only Investment Platform in India, which has successfully completed 22 Years

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

Since incorporation, it has significantly expanded its business and scale of operations and have grown from a small-scale manufacturer to a large, diversified specialty chemical player with a global footprint. 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 as on December 31, 2021. The revenue from export of its products for the nine-month period ended December 31, 2021, and for Fiscals 2021, 2020 and 2019 accounted for Rs 1,342.79 million, Rs 1,387.20 million, 1,406.47 million and Rs 1,245.00 million, resulting into 21.24%, 23.04%, 26.30% and 24.96%, of its total income, respectively for such periods.

As of December 31, 2021, it manufactured 75+ specialty products which formed part of its portfolio and it has 32 products which are in the pipeline. Its new products have enabled it to further diversify its customer base across various industries. It remains focused on R&D and invest on product development. It continuously monitors industry trends to ensure that its products remain relevant in helping its customers meet the evolving market demands and enhance their brand value.
Its Khopoli Facility located in Maharashtra, has been certified with ISO 9001:2015, ISO 45001:2018 and ISO 14001:2015 from Bureau Veritas. It is also awarded with the “Splash Award” for annual performance for the year 2017 – 2018 for being the most proactive and progressive importer of the year from All India Liquid Bulk Importers and Exporters Association and a “silver medal” as a recognition for its EcoVadis Rating from EcoVadis Sustainability Rating.
All processes at its facilities are undertaken with state-of-art engineering systems to minimize organic emissions. Further, it has recently tied – up with Institute of Chemical Technology and Technolab, to develop new products from waste streams. For more information, click www.prasolchem.com

The Promoters
Nishith Rajnikant Shah, Gaurang Natwarlal Parikh, Dhaval Nalin Parikh, Pankil Nishith Dharia, Sachin Jatin Parikh, Rakesh Gupta, Nishith Rasiklal Dharia, Kunal Tushar Dharia & Suketu Navinchandra Parikh

Prasol Chemicals IPO Main Objects
The Offer comprises of fresh Issue and offer for share.
The net proceeds of the IPO are proposed to be utilized for
1. Repayment/ prepayment, in full or part, of certain borrowings availed of by the Company.
2. Funding working capital requirements of the Company.

Prasol Chemicals IPO Particulars
IPO opens on (?), 2022
IPO closes on (?) ,2022
Issue Type: Book Built Issue IPO
Issue: up to (?) Shares /Rs (?) Cr
* Fresh Issue of (?) Shares/ Rs.250 Cr
* Offer for Sale Up to 9,000,000 Shares/ Rs. (?) Cr

Face Value per share: Rs. 2
Prasol Chemicals IPO Price Band Per Equity Share: Rs. (?)
Prasol Chemicals IPO Retail Lot Size (?) Shares
Prasol Chemicals IPO Listing will at BSE, NSE

Shares offered to
QIB (50%) (?) Shares = Rs (?) Cr
NII (15%) Shares = Rs (?) Cr
RII (35%) Shares = Rs (?) Cr
Lot size: (?) Shares = (?) Forms
Min Retail Application: (?) Shares, Rs. (?)
Max Retail Application: (?) Shares, Rs (?)

Prasol Chemicals IPO Tentative Timetable
IPO opens on
IPO Closes on
IPO Allotment on (?) 2022
Unblocking of ASBA (?) 2022
Credit to Demat Accounts (?) 2022
Prasol Chemicals Listing on (?) 2022

Prasol Chemicals IPO Financial & Analytical Ratios
Earnings per Share 2019-20 Rs 26.05
Earnings per Share 2020-21, Rs 17.30
Earnings per Share 2021-22 9M Rs34.55
Return on Net Worth: 19-20 24.31 %
Return on Net Worth: 20-21 13.92 %
Return on Net Worth: 20-21 9M: 21.83%
Equity Shares prior to the IPO: 58,000,000 Shares
Book Value of the Share as on 31.12.2021 Rs 158.29
NAV per Equity Share after the Offer (?)

Ratio Analysis
Upper Price Band/last EPS:
Upper offer price/Book Value Ratio
Upper offer price/BV after IPO Ratio:

Prasol Chemicals IPO Peer Comparison:
Atul @ PE Ratio of 45.67
Aarti Industries @ PE Ratio of 31.95
Fine Organic Industries @ PE Ratio of 107.94
Neogen Chemicals @ PE Ratio of 120.55

IPO Lead Managers 
J.M.Financial, DAM Capital Advisors
IPO Registrar
KFin Technologies Limited
Registered Office of Prasol Chemicals
Prasol House, Plot No A – 17/2/3, T. T. C, Industrial Area, Khairne M.I.D.C., Navi Mumbai, Thane, Maharashtra – 400710, India
Company Secretary & Compliance Officer: Kiran Agrawal

#This is only coverage of News related to Grey Market. We do not deal in grey market premium, nor we recommend dealing in Grey Market. Investment decision based on Grey Market trends can be faulty.

For Guidance of Prasol Chemicals IPO, Click https://chanakyanipothi.com/category/guidance-ipos-rights-offers/