ET Intelligence Group: Prasol Chemicals, a specialty chemicals company, plans to raise ₹80 crore through a fresh issue towards repayment of debt. It will also raise ₹420 crore through an offer for sale.

2%. The company operates two manufacturing facilities in Maharashtra.

While it manufactures over 150 specialty chemicals, over 40% revenue is contributed by a single product category. It exports to 69 countries and derives over a quarter of revenue from international markets.

7% of revenue while top 10 suppliers account for nearly 69% of raw material purchases. 7% in FY24 but remained relatively low.

Given these factors, investors with high-risk appetite may apply. ET BureauBusinessIncorporated in 1992, Prasol Chemicals is focused on manufacturing acetone-based and phosphorus-based derivatives, catering to diverse end-use industries such as performance chemicals (including lubricant additives and mining chemicals), pharmaceuticals, agrochemicals, paints, inks, construction & adhesives (PICA), and home and personal care.

Its product portfolio includes 21 acetone-based chemicals, 53 phosphorous-based chemicals, and 76 other specialty chemicals. Read more: Looking for value in penny stocks?

1 crore between FY24 and FY26. 3 crore during the same period.

9% in FY24. 6 crore in FY24, largely due to working-capital swings, rising receivables and inventory as the company scaled up operations and expanded sales.

Working capital days increased to 49 days in FY26 from 35 days in FY24. ValuationConsidering the post-IPO equity and net profit for FY26, the company demands a price-earnings (P/E) multiple of 48, compared with 27-197 for its peers such as Aarti Industries, Atul, Laxmi Organic Industries, Vinati Organics, Privi Specialty Chemicals, Yasho Industries and Excel Industries.