Prasol Chemicals IPO Day 3: Subscription Status, Timeline & Key Issue Details
The ₹500.00 crore Prasol Chemicals initial public offering (IPO) entered its final day of public subscription today, September 10, 2026, with a price band of ₹643 to ₹676 per share. As of 10:15 A.M on the third day of bidding, the issue had been subscribed 0.76 times.
The IPO will remain open for subscription until September 10, 2026. The basis of allotment is expected to be finalised on September 11, 2026, while the shares are tentatively scheduled to be listed on the NSE and BSE on September 16, 2026.
Prasol Chemicals IPO - Issue Details
- Issue Type: Book Built Issue (Fresh Issue + OFS)
- Total Issue Size: Up to ₹500.00 crore
- Fresh Issue: Up to ₹80.00 crore
- Offer for Sale (OFS): Up to ₹420.00 crore
- Face Value: ₹2 per equity share
- Price Band: ₹643 to ₹676 per share
- Lot Size: 22 shares
- Minimum Investment Amount (Retail Investor): ₹14,872 (22 shares at the upper price)
- Listing: BSE, NSE
- Book Running Lead Managers: DAM Capital Advisors Limited
- Registrar: KFin Technologies Limited
Prasol Chemicals IPO Timeline (Tentative)
The expected IPO schedule is as follows:
|
Event |
Date |
|
Subscription Opening Date |
8 September 2026 |
|
Subscription Closing Date |
10 September 2026 |
|
Basis of Allotment Date |
11 September 2026 |
|
Refund Initiation Date |
15 September 2026 |
|
Credit of Shares |
15 September 2026 |
|
Listing on BSE and NSE |
16 September 2026 |
Note: The allotment and listing dates are tentative and may be revised.
Explore other Upcoming IPOs on BSE and NSE.
Prasol Chemicals IPO Day 3 Subscription Status
[September 10, 2026, 10:15 A.M.]
|
Category |
Subscription (x) |
|
Qualified Institutional Buyers (QIBs) |
0.05x |
|
Non-Institutional Investors (NIIs) |
0.70x |
|
Retail Individual Investors (RIIs) |
1.19x |
|
Total |
0.76x |
Utilisation of IPO Proceeds
The company intends to utilise the net proceeds from the fresh issue towards:
- Repayment and or pre-payment, in full or part, of certain borrowings availed by the company
- General corporate purposes.
About Prasol Chemicals Limited
Prasol Chemicals Limited, incorporated in 1992, is a forward-integrated specialty chemicals manufacturer with over three decades of industry experience. The company manufactures a diverse portfolio of acetone-based, phosphorus-based, and other specialty chemicals for industries including performance chemicals, paints and coatings, pharmaceuticals, agrochemicals, and home and personal care.
As of July 15, 2026, Prasol Chemicals offered more than 150 products to over 1,600 customers across 69 countries. Its portfolio, as of June 30, 2026, comprised 21 acetone-based products, 53 phosphorus-based products, and 76 other specialty chemicals, including customised surfactants, additives, ethers, esters, polymers, and acids.
Key Financial Highlights
|
Particulars |
FY26 (in ₹ crore) |
FY25 (in ₹ crore) |
FY24 (in ₹ crore) |
|
Revenue from operations |
1,232.59 |
1,012.49 |
876.57 |
|
EBITDA |
139.32 |
87.77 |
60.53 |
|
Profit After Tax (PAT) |
83.12 |
43.57 |
18.13 |
Disclaimer: This news is solely for educational purposes. The securities/investments quoted here are not recommendatory.
To read the RA disclaimer, please click here