Prasol Chemicals IPO opens for bidding. Check GMP and other key details
The Prasol Chemicals IPO opened for subscription on September 8 and will remain open until September 10. The Rs 500 crore issue comprises a fresh issue of Rs 80 crore and an OFS of Rs 420 crore. Priced at Rs 643-Rs 676 per share, the IPO has a lot size of 22 shares, requiring a minimum retail investment of Rs 14,872.
The Prasol Chemicals IPO commenced subscriptions on September 8, 2026, offering investors a three-day bidding period until September 10. In the grey market, the IPO is experiencing an 8% premium, indicating limited potential for gains upon listing. The IPO is a Rs 500 crore book-built issue, comprising 11.83 lakh shares valued at Rs 80 crore and an offer for sale (OFS) of 62.13 lakh shares valued at Rs 420 crore.
The price range is set at Rs 643-Rs 676 per share, with a minimum investment of Rs 14,872 for retail investors at the upper price band. The IPO will conclude on September 10, with share allotment finalized on September 11, and a tentative listing on both the NSE and BSE scheduled for September 16, 2026.
Written by urgent.news from The Economic Times - Top News's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
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