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Prasol Chemicals Limited IPO

listed · NSE · Bookbuilding IPO

Prasol Chemicals Limited IPO was a ₹500 crore book-built issue on NSE with a price band of ₹643–₹676 per share, open for bidding from 8 Sep 2026 to 10 Sep 2026.

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Company overview

Website
https://www.prasolchem.com/

IPO overview

Prasol Chemicals Limited raised ₹500 crore through a book-built issue, combining new shares issued by the company (a fresh issue) with shares sold by existing shareholders (an offer for sale).

Bids were accepted within a price band of ₹643–₹676 per share (face value ₹2); the final issue price is set within this band after bidding closes.

The shares listed on NSE on 16 Sep 2026.

Dam Capital Advisors Ltd. was the book-running lead manager and Kfin Technologies Ltd. is the registrar, which processes applications, allotment and refunds.

Issue type
Bookbuilding IPO
Issue structure
Fresh capital cum OFS
Issue size
₹500 crore
Price
₹643–₹676 per share
Face value
₹2 per share
Exchange
NSE
Lead manager
Dam Capital Advisors Ltd.
Registrar
Kfin Technologies Ltd.

IPO timeline

  1. Bidding opens 8 Sep 2026
  2. Bidding closes 10 Sep 2026
  3. Basis of allotment 11 Sep 2026
  4. Refunds / unblocking 15 Sep 2026
  5. Shares credited to demat 15 Sep 2026
  6. Listing 16 Sep 2026

Bidding ran from 8 Sep 2026 to 10 Sep 2026.

After bidding, the basis of allotment was due on 11 Sep 2026, refunds / unblocking of funds were due on 15 Sep 2026 and shares were due to be credited to demat accounts on 15 Sep 2026.

The shares listed on 16 Sep 2026.

Subscription summary

By the close of bidding, the issue was subscribed 3.30× overall (last figure recorded 10 Sep 2026).

By category: qualified institutional buyers (QIB) 7.22×, non-institutional investors (NII) 1.80× and retail investors 1.70×.

Recorded day by day: 8 Sep 0.45×, 9 Sep 0.77× and 10 Sep 3.30×.

Bids were received for 3.30× the shares available, so not every applicant in an oversubscribed category will receive shares.

CategorySubscribed (as of 10 Sep 2026)
QIB7.22×
NII1.80×
Retail1.70×
Overall3.30×

Grey market premium (unofficial)

The last grey market premium (GMP) we recorded for this issue was ₹-13 on 15 Sep 2026, equal to -1.9% of the upper price band.

Across 10 readings between 4 Sep 2026 and 15 Sep 2026, the quoted GMP ranged from ₹-15 to ₹165.

We do not yet record actual listing prices, so this page does not compare the GMP with where the shares opened.

  • GMP is unofficial: it is not published or verified by NSE, BSE or SEBI, changes quickly, and is not a forecast or guarantee of the listing price.

Allotment

The basis of allotment was due on 11 Sep 2026. Applicants can check their status using their PAN, application number or demat account details.

The registrar, Kfin Technologies Ltd., processes allotment; check status on its website or the exchange's application-status page.

Offer documents

Where the offer document differs from any figure on this page, the document prevails.

Sources and data methodology

NSE & BSE public-issue data; Chittorgarh and InvestorGain (fill gaps only); InvestorGain live subscription report (third-party); InvestorGain grey market report (unofficial); Chittorgarh allotment calendar. Methodology · Report an error

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