Speciality chemicals player Prasol Chemicals Limited to open IPO on 8 Sept

Ahmedabad: Prasol Chemicals Limited proposes to open the initial public offering of its equity shares of face value ₹2 each on Tuesday, September 8, 2026. The Anchor Investor Bidding Date is a working day prior to the Bid/Offer Opening Date, being Monday, September 7, 2026. The Bid/Offer Closing Date is Thursday, September 10, 2026, a press release said.

As per the company, the Price Band of the Offer has been fixed from ₹643 per Equity Share of face value ₹2 each to ₹676 per Equity Share of face value ₹2 each. Bids can be made for a minimum of 22 Equity Shares of face value ₹2 each and multiples of 22 Equity Shares of face value ₹2 each thereafter. The Offer comprises a fresh issue of up to ₹800.00 million and an offer for sale (OFS) of up to ₹4,200.00 million. The total offer size amounts to ₹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 has over 33 years of experience in the specialty chemicals industry. The Company is a forward-integrated manufacturer of acetone- and phosphorus-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 five 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.