Prasol Chemicals IPO has opened for subscription on September 8, giving investors an opportunity to participate in the specialty chemicals company’s Rs 500 crore public issue.
The IPO will remain open until September 10, 2026.
The shares are proposed to be listed on both the BSE and NSE.
[[H2: Prasol Chemicals IPO Price and Lot Size]]
The price band for the issue has been fixed at Rs 643 to Rs 676 per equity share.
The face value of each share is Rs 2.
The minimum lot size is 22 shares.
At the upper price band of Rs 676, a retail investor would need Rs 14,872 to apply for one lot.
Retail investors can bid for up to 13 lots, or 286 shares, subject to the applicable investment limit.
What Is the Prasol Chemicals IPO Size?
The Rs 500 crore issue consists of a fresh issue worth Rs 80 crore and an offer for sale of Rs 420 crore by existing shareholders.
The fresh issue involves 11.83 lakh shares, while 62.13 lakh shares are being offered through the offer for sale.
The company plans to use the fresh issue proceeds primarily for repayment of debt, according to the IPO details.
Prasol Chemicals IPO Important Dates
The public issue opened on September 8 and will close on September 10.
The basis of allotment is expected to be finalised on September 11.
Refunds are scheduled to begin on September 15, while shares are expected to be credited to successful investors around the same time.
Prasol Chemicals shares are scheduled to list on September 16, 2026, on the BSE and NSE.
What Does Prasol Chemicals Do?
Prasol Chemicals is a specialty chemicals manufacturer based in Maharashtra.
The company produces more than 150 specialty chemicals used across industries including pharmaceuticals, agrochemicals and personal care.
The company operates manufacturing facilities in Khopoli and Mahad in Maharashtra and supplies products to both domestic and international markets.
Ahead of the public issue, the company had also raised around Rs 150 crore from anchor investors at Rs 676 per share.
Investors should remember that an IPO carries market risks, and subscription or grey market trends do not guarantee listing gains or future share performance.
