{
  "id": 7709329,
  "title": "Prasol Chemicals make weak debut, trades below ₹676-IPO price",
  "url": "https://urgent.news/2026/09/16/prasol-chemicals-make-weak-debut-trades-below-676-ipo-price",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-09-16T04:59:08.000Z",
  "source": {
    "name": "Hindu BusinessLine",
    "slug": "hindu-businessline",
    "url": "https://www.thehindubusinessline.com/markets/stock-markets/prasol-chemicals-make-weak-debut-trades-below-676-ipo-price/article71471096.ece"
  },
  "original_language": "en",
  "account": "Prasol Chemicals experienced a weak initial public offering (IPO) on Wednesday, trading at a 9.7 percent discount to its IPO price of ₹676 on the National Stock Exchange (NSE) at ₹610. The stock later surged to ₹654.80 on the Bombay Stock Exchange (BSE), but remained below the IPO price throughout. Despite a robust subscription rate of 3.30 times for the IPO, worth ₹500 crore, Prasol Chemicals managed to raise approximately ₹150 crore from anchor investors. The price band for the IPO ranged from ₹643 to ₹676 per equity share, with the fresh issue allocated for debt repayment, working capital needs, and general corporate purposes.",
  "summary": "The stock stages a rebound within minutes of listing, rising to ₹654.80 on the BSE, but continues to trade below its IPO price",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}