Chemical and physical parameters of the aqueous polyurethane dispersion (PUD) were studied after the synthesis. A prepolymer mixing process with a limited-chain extension step was used in order to examine the polymer and dispersion behavior with respect to the ageing time. Measurements of free isocyanate groups were performed with the aid of Fourier transform infrared spectroscopy (FT-IR). The pseudo-first-order kinetics of NCO disappearance was proposed and the value of the corresponding constant was determined. Additionally, particle size, particle size distribution, pH, conductivity and molecular mass were monitored and compared. Keywords: polyurethane dispersion, colloid, FT-IR V raziskavi smo preu~evali spreminjanje kemijskih in fizikalnih parametrov vodne poliuretanske disperzije (PUD) po sintezi. Disperzijo smo sintetizirali po postopku vme{avanja prepolimera z omejenim podalj{evanjem verig za preu~evanje polimerne disperzije z ozirom na~as po sintezi. Merjenje prostih izocianatnih skupin smo izvedli z metodo Fourierjeve transformacijske infrarde~e spektroskopije (FT-IR). Predpostavili smo kineti~ni model psevdoprvega reda z ozirom na reakcije izocianatnih skupin ter dolo~ili vrednost kineti~ne konstante. Dodatno smo spremljali in primerjali povpre~ne velikosti delcev, porazdelitev velikosti delcev, pH, prevodnost in molekulsko maso.