Prasol Chemicals Limited
Promoters 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
Against an issue price of ₹676. Split- and bonus-adjusted official closes — a past move, never a forecast.
Prasol Chemicals Limited raised ₹500 crore through a mainboard initial public offer.
The filing places it in Chemicals & Petrochemicals and names ten promoters: 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 and Usha Rajnikant Shah.
The book was open from 8 September 2026 to 10 September 2026.
The issue was priced at ₹676 a share, from a band of ₹643 to ₹676.
As of the exchange's 10-Sep-2026 19:00:00 update the book was subscribed 3.30 times the shares on offer, counting bids on NSE and BSE together.
Against their reserved portions: qualified institutional buyers 7.22 times, non-institutional investors 1.80 times and retail investors 1.70 times. Those portions add up to the whole offer; the sub-categories below each one are already counted inside it.
41.15 lakh shares were bid at cut-off — applications that accept whatever price the issue is finally set at rather than naming one.
14 anchor investors were allotted shares before the book opened, worth ₹150 crore.
The shares listed on 16 September 2026.
The last official close on file is ₹679 (17 September 2026), which is 0.4% above the issue price.
It now trades as PRASOLCHEM, and its filed financials are on its company page.
Shares sold in the issue at ₹676 last closed at ₹678.8.
See PRASOLCHEM’s filed financials and price history →Official exchange closes, restated for splits, bonuses and rights issues since listing. A record of past price movement, not a forecast.
- How it was priced
- Book-built — the price was discovered inside a band from the bids received
- Listing sought at
- BSE And NSE
- Registered office
- Western India
- Company website
- www.prasolchem.com
- Registrar
- KFin Technologies Limited
- Lead manager
- DAM Capital Advisors Limited
- Bidding opens8 Sept 2026
- Bidding closes10 Sept 2026
- Basis of allotmentnot published
Not published in the exchange feeds we ingest — we do not estimate it.
- Listing16 Sept 2026
Investors have bid for 3.30 times the shares on offer. Each category below has its own reserved portion, and those portions add up to the whole offer.
Bids placed on NSE alone, excluding BSE. It is smaller than the 3.30x headline above and the two must never be compared or added together.
Every bid names a price, or accepts whatever the final price turns out to be. This shows how many shares have been bid for at each price or above it — so the bar at the top of the band counts only the bids willing to pay it.
The columns are near-identical because they are: demand falls only 0.15% between ₹643 and ₹676, so almost every bid was willing to pay the top of the band. The axis starts at zero — the flatness is the finding, not a missing scale.
These accept whatever price the issue is finally set at, so they have no place on the price axis and are not in the chart.
How much of the demand falls away between the bottom and the top of the band.
Cumulative shares bid at or above each price in the band, from the exchange's own demand schedule. Bids placed at cut-off carry no price and are counted separately.
Anchor investors are institutions allotted shares one working day before public bidding opens, at a price fixed then. Their shares are locked in for a set period. At least 5 of them are domestic mutual funds; we could not classify 9 of the names either way.
| ADITYA BIRLA SUN LIFE INSURANCE COMPANY LIMITED | ₹20 cr |
| TATA AIA LIFE INSURANCE COMPANY LIMITED A/C SMALL CAP DISCOVERY FUND (ULIF 071 22/05/23 SCF 110) | ₹20 cr |
| ITI SMALL CAP FUND | ₹15 cr |
| TURNAROUND OPPORTUNITIES FUND | ₹15 cr |
| CLARUS CAPITAL I - LVF 1 | ₹12 cr |
| EDELWEISS TRUSTEESHIP CO LTD AC- EDELWEISS MF AC- EDELWEISS AGGRESIVE HYBRID FUNDmutual fund | ₹10 cr |
| NUVAMA MULTI ASSET STRATEGY RETURN FUND | ₹10 cr |
| TATA INDIA PHARMA & HEALTHCARE FUND | ₹10 cr |
| TATA INDIA INNOVATION FUND | ₹10 cr |
| KOTAK MAHINDRA TRUSTEE CO LTD A/C KOTAK SPECIAL OPPORTUNITIES FUNDmutual fund | ₹8 cr |
| KOTAK MAHINDRA TRUSTEE CO LTD A/C KOTAK HEALTHCARE FUNDmutual fund | ₹8 cr |
| 360 ONE EQUITY OPPORTUNITY FUND - SERIES 4 | ₹5 cr |
| KOTAK MAHINDRA TRUSTEE CO LTD A/C KOTAK RURAL OPPORTUNITIES FUNDmutual fund | ₹4.1 cr |
| EDELWEISS TRUSTEESHIP CO LTD AC - EDELWEISS MF AC- EDELWEISS RECENTLY LISTED IPO FUNDmutual fund | ₹3 cr |
From the issuer’s anchor allotment filing. A record of who was allotted what — not a recommendation.
- Anchor investors — first trancheSEBI ICDR 2018 Reg. 32(5)(b) — 50% of the anchor allocation, 30 days from allotment16 Oct 202650% of this tranche
- Anchor investors — second trancheSEBI ICDR 2018 Reg. 32(5)(a) — the remaining 50% of the anchor allocation, 90 days from allotment15 Dec 202650% of this tranche
- All other pre-issue capitalSEBI ICDR 2018 Reg. 17 — all other pre-issue capital, 6 months from allotment16 Mar 2027whole tranche releases on this date
- Promoters' minimum contributionSEBI ICDR 2018 Reg. 16(1)(a) — promoters' minimum contribution, 18 months from allotment16 Mar 2028whole tranche releases on this date
Computed from the SEBI ICDR 2018 lock-in rules, not disclosed by the issuer or the exchange. The regulation counts from the date of allotment, which no feed we ingest publishes, so these are counted from the listing date and fall at most two to three business days later than the true expiry.
The "Basis for Offer Price" chapter states the earnings the price was set against and the multiples it implies. We have not extracted it for this issue — several offer documents are served as .zip archives or as scanned pages with no text layer.
Restated figures the issuer is required to publish in its offer document, covering the years before it came to market.
| Line | FY2024 | FY2025 | FY2026 |
|---|---|---|---|
| Net cash flow from/(used in) financing activities(₹ million) | -1,151.14 | 102.3 | 1.36 |
| Net cash flow from/(used in) investing activities(₹ million) | -178.96 | -224.75 | -384.32 |
| Net cash flow from/(used in) operating activities(₹ million) | 1,156.06 | 222.6 | 494.7 |
| EBITDA(₹ million) | 605.28 | 877.66 | 1,393.2 |
| Equity share capital(₹ million) | 116 | 116 | 116 |
| Net Asset Value per equity share(₹ per share) | 56.18 | 63.35 | 77.33 |
| Net Worth(₹ million) | 3,258.35 | 3,674.55 | 4,485.05 |
| Profit for the year(₹ million) | 181.31 | 435.69 | 831.24 |
| Revenue from Operations(₹ million) | 8,765.65 | 10,124.94 | 12,325.93 |
| Total Borrowing(₹ million) | 820.68 | 1,010.52 | 1,100.64 |
Figures as filed by the issuer in its offer document.
What the company says it will do with the money it raises. Only the fresh-issue portion reaches the company; anything raised through an offer for sale goes to the shareholders selling.
- Repayment or pre-payment, in full or in part, of certain of our outstanding600₹ million
- General corporate purposes-1₹ million
- Total—
Figures as filed by the issuer in its offer document.
The offer document must name the listed companies the issuer considers comparable, and print their valuation figures beside its own. This is that list — the issuer’s choice of comparison, not ours.
| Company | P/E | P/B | RoNW | EPS | Income |
|---|---|---|---|---|---|
| Aarti Industries Limited | 46.8 | — | 7.0% | 11.56 | ₹82,910 cr |
| Atul Limited | 28.0 | — | 11.0% | 230.25 | ₹64,764 cr |
| Excel Industries Limited | 17.1 | — | 4.4% | 60.19 | ₹11,218 cr |
| Laxmi Organic Industries Limited | 60.0 | — | 4.0% | 2.87 | ₹28,620 cr |
| Privi Speciality Chemicals Limited | 42.7 | — | 22.0% | 81.08 | ₹25,829 cr |
| Vinati Organic Limitednot in our universe | 31.0 | — | 14.0% | 42.80 | ₹22,795 cr |
| Yasho Industries Limited | 206.7 | — | 5.7% | 20.95 | ₹8,313 cr |
The issuer's own figures as printed at the head of the same table — its claim about itself, on the same basis as its claims about the companies below.
Figures as PRINTED by the issuer in its own offer document. The comparison set is the issuer's choice, not ours.
| Firm | Issues | Typical listing move | Below issue @30d | @90d | @180d |
|---|---|---|---|---|---|
DAM Capital Advisors Limited 2021 – 2026 | 31 5 measurable | +24.6% | 0 of 3 | 0 of 2 | 0 of 2 |
| Firm | Issues | Typical listing move | Below issue @30d | @90d | @180d |
|---|---|---|---|---|---|
Kfin Technologies Limited 2021 – 2026 | 124 30 measurable | +7.9% | 8 of 16 | 2 of 5 | 2 of 5 |
A count of what happened to the other issues each firm was named on, computed from exchange closes. Not a rating, not a ranking, and not a view on the firm.
- Prospectus· PDF · exchange archive11 Sept 2026
- Red herring prospectus (RHP)· ZIP · exchange archive
- Draft red herring prospectus (DRHP)· ZIP · exchange archive14 Oct 2025
- Draft red herring prospectus (DRHP)· ZIP · exchange archive13 Apr 2022
- Abridged prospectus· PDF · exchange archive3 Sept 2026
- Anchor investor allotment· ZIP · exchange archive
- Financial ratios advertisement· ZIP · exchange archive
- In-principle approval (XBRL)· XML · exchange archive
Filed with SEBI and the exchanges by the issuer. These are the source for every figure on this page.
Compiled from NSE and SEBI offer documents and exchange feeds. A description of the issue and of the bids received — not investment advice, and not a view on whether to apply. No grey-market premium, no allotment lookup and no listing-gain estimate is published here.