Prasol Chemicals IPO is a mainboard IPO raising ₹500 Cr at ₹643 – ₹676 a share. The smallest application you can make is 22 shares, costing ₹14,872 at the top of the band. Bidding closes on 10 Sept 2026 and the shares list on 16 Sept 2026.
The exchanges never published a subscription figure for this issue.
populated partly populated we hold nothing here — the tab says why
Read from the 590-page prospectus. Indian prospectuses list hundreds of risk factors, most of them generic boilerplate. These are the 14 specific to this company; 585 generic ones were skipped. Every one is quoted verbatim with its page, so you can check it against the document.
Our Mahad Manufacturing Facility was also shutdown from October 27, 2023 to May 3, 2024 pursuant to closure directions issued by the MPCB on October 27, 2023, following a gas leakage incident that occurred on October 5, 2023.
During this transfer operation, two workers lost consciousness, resulting in the unfortunate fatality of one worker.
The Group had received various Show Cause cum Demand Notice from DRI Mumbai and Ahmedabad in relation to licences purchased by the Group which were found to be bogus. Our appeals in this regard are pending with Central Excise & Service Tax Appellate Tribunal.
the Company needs to strengthen controls over maintenance of quantitative item-wise details and corresponding values of Inventory at year-end (including stages at which inventory is lying) and allocation of overheads
our Promoters and Promoter Group collectively hold 51,735,560 Equity Shares (as first or second holder) constituting 89.20% of the issued, subscribed and paid-up Equity Share capital of our Company
a show cause notice dated October 21, 2024, was issued to our Company by the Sub-Regional Officer of the MPCB, Mahad, in connection with alleged pollution of the Savitri River due to seepage, percolation, and surface runoff of effluents
our total sanctioned and outstanding indebtedness (excluding accrued interest) was ₹6,509.00 million and ₹3,436.66 million
our aggregate contingent liabilities and commitments were ₹1,091.22 million, ₹468.07 million and ₹675.98 million constituting 24.33%, 12.74% and 20.75% of our net worth, respectively
Trade receivables rose from 1,603.41 (FY24) to 1,972.68 (FY25) to 2,786.86 (FY26) against revenue growth from 8,765.65 to 12,325.93
Our Company received a notice dated April 5, 2025, for vacating the property and revoking the lease and supplemental agreement... a demand notice dated September 9, 2025, for an amount of ₹17.93 million
The Deputy Director, Industrial Safety & Health, Raigad District has issued show cause notices against Gaurang Natwarlal Parikh (in his capacity as occupant of our Company), one of the Promoters of our Company alleging violation of the provisions of the Factories Act, 1948.
Import 5,485.52 (65.96%)
Top 10 suppliers 4,741.26 68.87%
Presently, our insurance policies, do not cover the product liability claims.
Extracted from the issuer’s own prospectus and ranked by how specific and material each risk is to this company. Severity is our assessment of the disclosure, not a prediction — and nothing here is a recommendation to apply to this issue.
The issuer’s own summary of outstanding legal proceedings — SEBI requires this table in every prospectus. Counts and amounts are as disclosed; the disclosed aggregate at stake is ₹11 Cr.
| Against | Criminal | Tax | Other material | Amount at stake |
|---|---|---|---|---|
| The company | 3 | 9 | 11 | ₹7.4 Cr |
| Promoters | 6 | 4 | 1 | ₹2.8 Cr |
| Directors | 0 | 2 | 0 | ₹0.6 Cr |
| Subsidiaries | 0 | 0 | 0 | — |
| Group companies | 0 | 0 | 0 | — |
Promoter Sachin Jatin Parikh TDS credit of ₹27.73 million not granted for AY 2019-20; rectification under Section 154 granted on July 30, 2025 but revised demand notice not yet received.
MIDC demand notice dated September 9, 2025 against Company for ₹17.93 million over alleged non-submission of project plans and lease revocation threat at Mahad Five Star Industrial Area.
Company filed 3 complaints under Section 138 of NI Act against customers for dishonoured cheques aggregating ₹8.61 million; all matters pending.
Company filed Writ Petition before Bombay High Court seeking quashing of ₹3.78 million recovery Order (Sept 23, 2022) by Tahasildar Khalapur in Raigad District Security Guard Board proceedings.
Four criminal complaints (RCC/15/2023, SCC/1208/2023, SCC/1157/2023, RCC/177/2023) against Promoter Gaurang Parikh under Factories Act for industrial accidents at Mahad facility (Nov 2022 H2S fatality; Oct 2023 H2S leak; Aug 2023 chlorine leak); all pending with summons issued and bails granted.
All amounts converted from ₹ million to ₹ crore (1 crore = 10 million). Aggregate company amount includes tax proceedings ₹43.42m (direct ₹5.67m + indirect ₹37.75m), MIDC demand ₹17.93m, MIDC demand letters ₹0.47m, cheque-bounce complaints ₹8.61m, and writ petition recovery ₹3.78m. Group Companies disclosure states none have material impact. KMP/Senior Management litigation all Nil. Pankil Dharia conviction fine of ₹1,250 not material. Document does not state an explicit grand total; total_amount_cr computed from stated figures across parties.. Outstanding means unresolved — a listed case is an exposure, not a verdict.
What the issuer and the exchanges published. Everything else on this tab is read out of these.
The full prospectus — business, financials, risk factors and litigation.
Which institutions were allotted shares before bidding opened, and how many.
Where physical applications could be submitted.
The issuer's own "basis of issue price": the earnings multiples it is asking for, and the peer companies it chose to compare itself against.
The full prospectus — business, financials, risk factors and litigation.
