Prasol Chemicals Limited is one of the leading manufacturers of acetone derivatives and phosphorous derivatives in India. The company’s end-users are pharmaceuticals, agrochemicals, home & personal care and performance chemicals.
Prasol Chemicals Limited is a Government of India certified Two Star Export House Company that has a global network spread across countries across Asia, North America and the European Union. The company produces 75+ specialty products and has 35+ products in its pipeline. The brand is benefitted from its long-standing relationship with clients such as PI Industries Limited, Bayer CropScience Limited, Solvay Specialities India Private Limited, Proctor & Gamble, Dr. Reddy’s Laboratories Limited, Alembic Pharmaceuticals Limited, Coromandel International Limited, Arkema, Lubrizol India Private Limited, UPL Limited, Olon Active Pharmaceutical Ingredients India Private Limited, MSN Laboratories Private Limited, etc.
Prasol Chemicals Limited IPO Objectives
- A part of the fund will be used for working capital requirements for Fiscal 2023. This comprises working capital funding from banks, Net Proceeds and internal accruals.
- The fund will be utilised to further strengthen the manufacturing and R&D capabilities.
Why should you invest in the Prasol Chemicals Limited?
- 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.
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.
Know before investing
Strengths
3The brand is increasing its focus on R&D to support complex chemistries, products and cost-effectiveness.
The company has a strong global presence. It caters to markets across Asia, North America and the European Union.
The company has a consistent financial performance for almost three decades now. The financial stability gives the company a valuable advantage over the competitors.
Risks
3The demand of the business depends on the success of the customer’s products with end-customer. Any decline in demand for the end customers can adversely affect the business.
As the business is dependent on manufacturing facilities, any unplanned shutdowns or disruptions may affect the business.
The company does not hold any long-term agreements with suppliers or customers. Any loss of one or more of them can affect the business adversely.
