Prasol Chemicals Limited IPO — Subscription & GMP
- Price band
- ₹643 – ₹676
- Lot size
- 22
- Issue size
- ₹500 Cr
- Bidding
- 08 Sept 2026 → 10 Sept 2026
- Allotment
- —
- Listing
- 16 Sept 2026
Listing outcome
Official exchange pricesGMP was out by 10.3 percentage points against the buyer — it implied +0.59% and the issue listed -9.76%. Counted in our running GMP accuracy record.
Schedule
- 08 Sept 2026IPO open date
- 10 Sept 2026IPO close date
- 11 Sept 2026Allotment date†
- 11 Sept 2026Funds unblock or debit†
- 16 Sept 2026Tentative listing date
† Derived from the close date using the T+3 working-day timeline. The exchanges publish the open and close dates; the rest are indicative until confirmed, and exchange holidays are not accounted for.
Fundamentals
The business, its valuation and returnsPrasol Chemicals Limited - Business Model Summary
Prprasol Chemicals Limited operates as a specialized chemical manufacturer and global exporter, focusing on the production of value-added specialty chemicals, performance chemicals, solvents, and customized derivatives.
Core Segments & Product Portfolio
1. Chemical Product Verticals: - Phosphorus-Based Derivatives: Manufactures a wide range of phosphorus derivatives utilized across diverse industrial applications. - Acetone-Based Chemistry: Produces various acetone derivatives and performance solvents (such as Diacetone Alcohol, Isophorone, and related compounds). - Specialty Solvents & Intermediates: Supplies high-purity chemicals, additives, and custom-synthesized compounds.
2. Diversified End-User Industries: - Supplies critical inputs and raw materials to multi-sector industries, primarily Agrochemicals, Pharmaceuticals, Home & Personal Care, Paints, Inks, Coatings, Construction, and Adhesives (PICA).
Revenue Streams & Market Reach
- B2B Manufacturing & Direct Sales: Generates revenue by supplying commercial-grade chemical formulations and intermediates directly to industrial manufacturers and institutional clients.
- Global Export Model: Operates as a certified Three-Star Export House, maintaining an extensive international supply chain serving customers across more than 60 countries spanning Asia, the Americas, Europe, and Africa.
| Metric | Pre-issue | Post-issue |
|---|---|---|
| EPS | ₹14.33 | — |
| P/E ratio | 47.17× | — |
| NAV per share | ₹77.33 | — |
Promoter holding pre/post issue is in the offer document but we do not yet extract it. Left blank rather than estimated.
Read from the company’s offer document filed with SEBI. Figures are the latest reported financial year, as restated in that filing.
Figures are as reported and not independently audited, and are read 45 d ago.
Grey market premium
Unofficial · not from any exchangeSubscription status
Live from NSE · fetched 802 hr ago| Category | Shares offered | Shares bid for | Subscribed |
|---|---|---|---|
| 1Qualified Institutional Buyers(QIBs) | 15.55 L | 38.13 L | 2.45× |
| 1(a)Foreign Institutional Investors(FIIs) | — | 8.48 L | — |
| 1(b)Domestic Financial Institutions(Banks/ Financial Institutions(FIs)/ Insurance Companies) | — | 24.42 L | — |
| 1(c)Mutual funds | — | 0 | — |
| 2Non Institutional Investors | 11.66 L | 15.51 L | 1.33× |
| 2.1Non Institutional Investors(Bid amount of more than Ten Lakh Rupees) | 7.78 L | 6.86 L | 0.88× |
| 2.1(c)Others | — | 35,970 | — |
| 2.2Non Institutional Investors(Bid amount of more than Two Lakh Rupees upto Ten Lakh Rupees) | 3.89 L | 8.65 L | 2.23× |
| 2.2(a)Corporates | — | 6,468 | — |
| 2.2(b)Individuals(Other than RIIs) | — | 8.23 L | — |
| 3Retail Individual Investors(RIIs) | 27.22 L | 29.36 L | 1.08× |
| 3(a)Cut Off | — | 26.02 L | — |
| 3(b)Price bids | — | 3.34 L | — |
| Total | 54.43 L | 82.99 L | 1.52× |
Source: NSE issue information · BSE public issue
Demand curve
Shares bid at each price point · BSE₹643 → ₹676 · peak 1.80 Cr shares bid
Anchor investors
From NSE's anchor allocation filingAnchor investors are institutions allotted shares one working day before public bidding opens, in exchange for a lock-in. Up to 60% of the QIB portion can go to them, which reduces the QIB shares left for everyone else — and their participation is widely read as a confidence signal.
| # | Anchor investor | Shares | % of anchor | Amount |
|---|---|---|---|---|
| 1 | KOTAK MAHINDRA TRUSTEE CO LTD A/C KOTAK SPECIAL OPPORTUNITIES | 1.18 L | 5.31% | ₹7.97 Cr |
| 2 | FUND KOTAK MAHINDRA TRUSTEE CO LTD A/C KOTAK HEALTHCARE FUND | 1.18 L | 5.31% | ₹7.97 Cr |
| 3 | KOTAK MAHINDRA TRUSTEE CO LTD A/C KOTAK RURAL OPPORTUNITIES | 60,104 | 2.71% | ₹4.06 Cr |
| 4 | FUND TATA INDIA PHARMA & HEALTHCARE FUND | 1.48 L | 6.67% | ₹10.00 Cr |
| 5 | TATA INDIA INNOVATION FUND | 1.48 L | 6.67% | ₹10.00 Cr |
| 6 | ADITYA BIRLA SUN LIFE INSURANCE COMPANY LIMITED | 2.96 L | 13.33% | ₹20.00 Cr |
| 7 | TATA AIA LIFE INSURANCE COMPANY LIMITED A/C SMALL CAP DISCOVERY | 2.96 L | 13.33% | ₹20.00 Cr |
| 8 | FUND (ULIF 071 22/05/23 SCF 110) TURNAROUND OPPORTUNITIES FUND | 2.22 L | 10.00% | ₹15.00 Cr |
| 9 | ONE EQUITY OPPORTUNITY FUND - SERIES 4 | 73,986 | 3.33% | ₹5.00 Cr |
| 10 | EDELWEISS TRUSTEESHIP CO LTD AC- | 1.48 L | 6.67% | ₹10.00 Cr |
| 11 | AGGRESIVE HYBRID FUND EDELWEISS TRUSTEESHIP CO LTD AC - | 44,374 | 2.00% | ₹3.00 Cr |
| 12 | RECENTLY LISTED IPO FUND ITI SMALL CAP FUND | 2.22 L | 10.00% | ₹15.00 Cr |
| 13 | CLARUS CAPITAL I-LVF 1 | 1.77 L | 7.99% | ₹11.99 Cr |
| 14 | NUVAMA MULTI ASSET STRATEGY RETURN FUND | 1.48 L | 6.67% | ₹10.00 Cr |
Read from NSE's anchor allocation report · 42 d ago. Published only because the 14 rows reconcile exactly against the 22.19 L shares the filing itself declares.
Equity split
Fresh equity vs offer for sale- Fresh equity
- ₹80.00 Cr 16.0%
- Offer for sale
- ₹420.00 Cr 84.0%
- Total issue size
- ₹500.00 Cr
Read from the issue size stated in NSE's filing.
Allotment status
You will need your PAN, application number or DP/client ID. These links go to the registrar and exchanges directly — UpcomingIPO never asks for those details.
Issue details
- Price band
- ₹643 – ₹676
- Lot size
- 22 shares
- Min. bid quantity
- 22
- Face value
- ₹2.00
- Tick size
- ₹1.00
- Shares offered
- 54.43 L
- Issue size
- ₹500 Cr
- Max bid · QIB
- 54.43 L
- Max bid · NII
- 38.88 L
Timeline & process
- Bidding opens
- 08 Sept 2026
- Bidding closes
- 10 Sept 2026
- Bidding hours
- 10.00 am to 5.00 pm
- UPI mandate cutoff
- 10th September 2026 (Upto 5.00 Pm)
- Allotment
- —
- Listing
- 16 Sept 2026
Intermediaries
- Registrar
- KFin Technologies Limited
- Sponsor bank
- ICICI BANK
- Lead managers
- DAM Capital Advisors Limited