Prasol Chemicals IPO
Prasol Chemicals IPO is a mainboard IPO raising ₹500 Cr at ₹643 – ₹676 a share. The smallest application you can make is 22 shares, costing ₹14,872 at the top of the band. Bidding closes on 10 Sept 2026 and the shares list on 16 Sept 2026.
The exchanges never published a subscription figure for this issue.
populated partly populated we hold nothing here — the tab says why
Where your money goes
Only the fresh issue reaches the company. The offer for sale is existing shareholders selling their own stock — that money goes to them, not the business.
84% of this issue is existing shareholders cashing out. Only ₹80 Cr reaches the business.
A red herring prospectus is filed before the price is fixed, so it states share counts rather than rupee amounts. stated in prospectus. Checked: exchange issue size Rs500 Cr vs derived Rs500 Cr (0.0% apart).
What the fresh money funds
The stated uses of the net proceeds, from the prospectus’s Objects of the Issue table. Only the fresh issue funds these — the offer-for-sale money goes to the selling shareholders above.
As stated in the prospectus. “General corporate purposes” is the part with no committed use; SEBI caps it at 25% of the issue.
The price they’re asking
From the prospectus’s own “Basis for Issue Price” — the issuer’s earnings multiple against the peers it chose to compare itself with.
Priced 11% above the median multiple of the peers the issuer itself names.
| Listed peer (issuer’s choice) | P/E | RoNW | EPS |
|---|---|---|---|
| Prasol Chemicals Limited | — | 18.53% | ₹14.33 |
| Aarti Industries Limited | 46.79× | 7.04% | ₹11.55 |
| Atul Limited | 28.04× | 10.95% | ₹230.25 |
| Laxmi Organic Industries Limited | 59.95× | 4% | ₹2.86 |
| Vinati Organic Limited | 30.95× | 14.03% | ₹42.8 |
| Privi Speciality Chemicals Limited | 42.67× | 21.99% | ₹81.08 |
| Yasho Industries Limited | 206.68× | 5.69% | ₹20.95 |
| Excel Industries Limited | 17.12× | 4.44% | ₹60.19 |
| This issue | 47.2× | 18.53% | ₹14.33 |
derived: cut-off price Rs676 / stated EPS Rs14.33 (FY2026 (year ended March 31, 2026) diluted EPS, as stated in Basis for Issue Price table; also reflected as standalone in the peer comparison table). Peer figures are as printed in the prospectus — they date from its filing, not today. A multiple is one lens, not a verdict.
Terms of the issue
The mechanics of what is being sold. Held for every issue we track.
Not here yet
The anchor-investor allocation — which institutions were allotted shares before bidding opened — is still to be read out of its document.