Prasol Chemicals came to market through an IPO that opened on 8 September 2026 and closed on 10 September 2026, and the shares listed on 16 September 2026 on BSE, NSE. The price band was ₹643 to ₹676 per share and one lot was 22 shares, so the minimum application was ₹14,872. The issue size was ₹500 crore. It combined a fresh issue of new shares with an offer for sale by existing shareholders.
It listed at ₹610, a loss of 9.8% against the issue price of ₹676. Kfin Technologies Ltd was the registrar to the issue, and Dam Capital Advisors Ltd was the lead manager.
As of 10 September 2026.
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Overall the issue was subscribed 3.47 times.
Prasol Chemicals belongs to the specialty chemical industry. It produces more than 150 specialty chemicals including acetone-based chemicals, phosphorus-based chemicals, and others. The company’s portfolio includes 21 acetone-based chemicals, 53 phosphorus-based chemicals, and 76 others (surfactants, esters, acids). The products are used in 5 major industries, including Performance chemicals (lubricant and mining additives), paints, inks, construction, and adhesives (PICA), pharmaceuticals, agrochemicals, and home and personal care. Manufacturing facilities: The company owns 2 manufacturing facilities located in Khopoli covering 1,18,004 sq.
m., in Mahad covering 79,423 sq. mt. With the total capacity of 87,914 MT per year. Key Customers: Alembic Pharmaceuticals, Lubrizol India, Rossari Biotech, Clean Science, Gharda Chemicals, Croda India, Supriya Lifescience, Yasho Industries, etc. As on July 31, 2025, we catered 1,107 customers in 69 countries. Prasol is rated as a 3 Star Export House by the Indian government.
As described in the offer document.
| Metric | 31-Mar-26 | 31-Mar-25 | 31-Mar-24 |
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Prasol Chemicals Limited finalised its anchor investor allocation on September 7, 2026, raising ₹150.00 crore from 14 institutional investors at an anchor price of ₹676 per share. The anchor book comprises 22,18,930 equity shares, with domestic mutual funds receiving 45.34% of the allocation through 4 fund houses across 8 schemes, including Kotak Mahindra Mutual Fund, Tata Mutual Fund, Edelweiss Mutual Fund, and ITI Mutual Fund.
Life insurance companies received 26.67%, split evenly between Aditya Birla Sun Life Insurance and Tata AIA Life Insurance; the company received no applications from pension funds. The remaining allocation went to Turnaround Opportunities Fund, Clarus Capital I – LVF 1, Nuvama Multi Asset Strategy Return Fund, and 360 One Equity Opportunity Fund – Series 4.
Nishith Rajnikant Shah, Gaurang Natwarlal Parikh, Dhaval Nalin Parikh, Pankil Nishith Dharia, Sachin Jatin Parikh, Rakesh Gupta, Nishith Rasiklal Dharia, Kunal Tushar Dharia, Suketu Navinchandra Parikh, Usha Rajnikant Shah.. Promoter holding 89.20% before the issue and 77.51% after.
Work out the listing gain for this IPO
If the retail portion is not fully subscribed, every valid application is allotted in full. If it is oversubscribed, SEBI's rules require that as many applicants as possible receive at least one lot, so the shares are allotted by a computerised lottery across all valid applications, one lot each, until the retail portion is exhausted. Applying for more lots does not improve your chance in a lottery; it only increases what you receive if the issue is under-subscribed.
The basis of allotment document, published by the registrar on the allotment date, states the ratio: for example, one applicant in seven received one lot.
Allotment status is published by the registrar on its website, searchable by PAN, application number or demat account, and also on the exchange's website. Allotted shares are credited to the demat account the day before listing, and blocked money for unsuccessful applications is released the same day. The Rupix app can check allotment status by PAN once the registrar publishes it.
Shares list within three working days of the issue closing. On listing day the exchanges run a special pre-open session from nine o'clock, during which orders are collected and an opening price is discovered from them; trading in the share begins after that, usually around ten. The opening price is the listing price that appears on this page once the issue has listed, and the listing gain or loss is the difference between it and the issue price.
For a mainboard issue, the share then trades in the normal way with the exchange's price band for a new listing. For an SME issue, shares trade in lots rather than one at a time, and the market can be thin, so selling on listing day is not always possible at the opening price. Capital gains on shares sold within a year of allotment are short-term and taxed at the short-term rate.
Prasol Chemicals IPO was a ₹500 crore book-built issue, comprising a fresh issue of ₹80 crore and an offer for sale of ₹420 crore. It was priced at ₹643–₹676 per share with a lot size of 22 shares (₹14,872). The IPO was open from September 8 to September 10, 2026 and was subscribed 3.47x. Shares listed on BSE and NSE on September 16, 2026 at ₹610, a 9.8% discount to the issue price of ₹676. Kfin Technologies Ltd.
is the registrar. Dam Capital Advisors Ltd. is the book running lead manager.
The price band of Prasol Chemicals IPO is ₹643 to ₹676 per share.
The lot size of Prasol Chemicals IPO is 22 shares.
The minimum investment for Prasol Chemicals IPO is approximately ₹14,872 based on the upper price band.
The allotment date of Prasol Chemicals IPO is Sep 11, 2026.
No GMP quote could be verified as recorded before Prasol Chemicals IPO listed. A grey-market observation of ₹0 per share was recorded on 16 Sep 2026, 7:45 AM IST, but without a verified listing timestamp it is not treated as the final pre-listing GMP. The shares listed at ₹610. GMP is unofficial and does not forecast or guarantee the actual listing price.
Prasol Chemicals IPO listed on Sep 16, 2026. It was issued at ₹610.0(NSE) and is currently around ₹804.00 as on 30-Oct-2026 3:30 PM, which is approximately 18.9% versus issue price. The 52-week high is ₹933.10.
You can check Prasol Chemicals IPO allotment status on the registrar or stock exchange websites using your PAN or application number after allotment. You can also check the Prasol Chemicals IPO allotment status on Rupix for quick and easy access.
₹643 to ₹676 per share, against a face value of ₹2. Most applicants bid at the cut-off price, the top of the band, so that the application was valid whatever price the issuer finally fixed.
One lot was 22 shares, and every application had to be a whole number of lots. At the top of the band that made the minimum application ₹14,872.
₹14,872, for one lot of 22 shares at the top of the price band. The amount was blocked in the applicant's bank account through ASBA or a UPI mandate while the issue was open, and released on the allotment date to applicants who were not allotted shares.
It opened on 8 September 2026 and closed on 10 September 2026.
The basis of allotment was published on 11 September 2026 by Kfin Technologies Ltd, and allotted shares were credited to demat accounts before listing.
The shares listed on 16 September 2026 on BSE, NSE, opening at ₹610.
The issue size was ₹500 crore. The fresh issue was 11,83,431 shares (aggregating up to ₹80 crore). The offer for sale was 62,13,006 shares (aggregating up to ₹420 crore).
It listed at ₹610 against an issue price of ₹676, a loss of 9.8 percent on listing day.