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Prasol Chemicals Ltd IPO

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.

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

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

Prasol Chemicals Limited IPO Important Dates

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

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About Prasol Chemicals Limited

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.

Financial Highlights

Particulars FY2021 FY2020 FY2019
Total income 6,021.36 5347.17 4988.74
EBITDA 581.73 629.07 516.98
Asset Turnover Ratio 1.18 1.21 1.42
Debt to Equity 0.90 0.89 1.10
Net Debt to EBITDA 2.68 2.00 2.60
ROCE 12.29% 16.70% 16.15%
ROE 14. 95% 27.56% 22.13%
Net working capital days (19.75) 3.86 15.80%
EBITDA Margin 9.66% 11.76% 10.36%
PAT 250.84 377.74 237.2
PAT Margin 4.17% 7.06% 4.75%
Capital Expenditure 495.89 609.19 1005.33
Net cash from operating activities 201.30 858.85 528.15

How to apply for Prasol Chemicals Limited 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 Limited IPO and approve the payment on your UPI ID.

Demat Account

Prasol Chemicals Limited Noteworthy Highlights:

  • The revenue from export of their products for the nine month period 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 our total income, respectively for such period.

The Brand’s Pros & Cons:

Pros Cons
The brand is increasing its focus on R&D to support complex chemistries, products and cost-effectiveness. The 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.
The company has a strong global presence. It caters to markets across Asia, North America and the European Union. As the business is dependent on manufacturing facilities, any unplanned shutdowns or disruptions may affect the business.
The company has a consistent financial performance for almost three decades now. The financial stability gives the company a valuable advantage over the competitors. 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.

Competitive Analysis: Market Peers

Name of the company Total income for Fiscal 2021 (₹ in million) Face value per equity share (₹) P/E EPS (Basic) (₹) EPS (Diluted) (₹) RoNW (%) NAV (₹ per share)
Atul Limited 38,345 10 45.67 221.17 221.17 17.11% 1,303.66
Aarti Industries Limited 45,068 5 31.95 30.04 30.04 14.89% 201.75
Neogen Chemicals Limited 3,366 10 120.55 13.45 13.45 17.12% 78.44
Privi Speciality Chemicals Limited 12,965 10 68.56 29.93 29.93 16.18% 184.96
Laxmi Organic Industries Limited 17,731 2 82.65 5.59 5.58 12.28% 39.25

Prasol Chemicals Limited IPO FAQs

What is Prasol Chemicals Limited IPO?

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.

When will the Prasol Chemicals Limited IPO allotment be available?

Details are not available.

What will be the Prasol Chemicals Limited IPO lot size?

Details are not available.

When will Prasol Chemicals Limited IPO open for subscription?

Details are not available.

What minimum lot size can retail investors subscribe to?

The minimum investment size is one lot for retail investors.

When will Prasol Chemicals Limited list on exchanges?

Usually, it takes ten working days from the last day of subscription to finally list the IPOs on the stock exchanges.

How to check the allotment status of Prasol Chemicals Limited IPO?

Angel One investors can log in to their account to check the allotment status of Prasol Chemicals Limited IPO.

Which exchanges will Prasol Chemicals Limited IPO list on?

The IPO will list on NSE and BSE exchanges.

Is it possible for NRIs to use Angel One App to apply for Prasol Chemicals Limited IPO?

NRIs can apply for Prasol Chemicals Limited IPO through Angel One App using their UPI app if their bank supports it for NRE/NRO accounts.

Is it necessary to approve a UPI mandate request immediately?

Approving the UPI payment is the final step of the IPO application. You will get T+1 days to approve the payment mandate in your UPI handle.

How to apply for this Prasol Chemicals Limited IPO via the Angel One App?

To apply for the IPO from the Angel One app, search for Prasol Chemicals Limited in the active IPO list and click on apply.

What is the minimum order quantity for Prasol Chemicals Limited IPO?

Details are not available.

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