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Prasol Chemicals to open IPO on September 8
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Our Bureau, Mumbai
September 07 , 2026
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Prasol Chemicals Ltd proposes to open the initial public offering of its equity shares of face value Rs 2 each on September 8, 2026. The Anchor Investor Bidding Date is a working Day prior to Bid/Offer Opening Date, being September 7, 2026. The Bid/Offer Closing Date is Thursday, September 10, 2026.
The Price Band of the Offer has been fixed from Rs 643 per Equity Share of face value Rs 2 each to Rs 676 per Equity Share of face value of Rs 2 each. Bids can be made for a minimum of 22 Equity Shares of face value Rs 2 each and multiples of 22 Equity Shares of face value Rs 2 each thereafter. The Offer comprises a fresh issue of up to Rs 800.00 million and an offer for sale (OFS) of up to Rs 4,200.00 million.
The total offer size amounts to Rs 5,000.00 million and the Company proposes to utilise the net proceeds towards repayment of certain borrowings and general corporate purposes.
The Company was incorporated in 1992 and with over 33 years of experience in the specialty chemicals industry. The Company is a forward integrated manufacturer of acetone and phosphorous based specialty chemicals and other specialty chemicals involving complex and differentiated chemistries.
The Company is a highly diversified specialty chemical player with over 150 specialty chemical products and over 1,600 customers and exports to 69 countries, as of July 15, 2026. Its products find diversified applications across numerous industries with 5 key segments being: (a) performance chemicals (including lubricant additives and mining chemicals); (b) PICA viz., paints, inks construction, & adhesives; (c) pharmaceuticals; (d) agrochemicals; and (e) home and personal care.
DAM Capital is the sole Book Running Lead Manager to the Offer and KFin Technologies Limited is the Registrar to the offer. The equity shares are proposed to be listed on the Main Board of BSE and NSE.
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