Prasol Chemicals IPO
Prasol Chemicals Limited (PRASOLCHEM) · mainboard IPO on NSE and BSE · Book Building. Listed on 16 September 2026.
Issue details
Listing day
Back-tested estimate (from a model that had only seen earlier years' IPOs): listing gain -2.2% (likely range -18% to 0%), day's high 0.0%, chance of a gain 20%. Actual: -9.8% at the open, -0.7% at the high.
Subscription status
| Category | Shares offered | Shares bid for | Subscribed | |
|---|---|---|---|---|
| QIB (institutions) | 15,55,209 | 1,12,28,140 | 7.22x | |
| NII (HNI) total | 11,66,406 | 20,95,302 | 1.80x | |
| Big NII (above ₹10 lakh) | 7,77,604 | 9,01,560 | 1.16x | |
| Small NII (₹2-10 lakh) | 3,88,802 | 11,93,742 | 3.07x | |
| Retail | 27,21,614 | 46,39,206 | 1.70x | |
| Total | 54,43,229 | 1,79,62,648 | 3.30x |
Bids on NSE and BSE together, as published by NSE, as of 10 Sep 2026, 07:00 PM. Shares offered exclude the anchor portion. 23% of all shares bid for were at the cut-off price.
Past IPOs with similar demand
Earlier mainboard IPOs whose QIB, NII and retail subscription and size were closest to Prasol Chemicals's, and how they listed.
| IPO | QIB | NII | Retail | Total | Size | Listing gain | Day high |
|---|---|---|---|---|---|---|---|
| L&T Technology ServicesSep 2016 | 5.01x | 1.03x | 1.75x | 2.53x | ₹894 Cr | +7.0% | +8.3% |
| Landmark CarsDec 2022 | 8.71x | 1.32x | 0.59x | 3.06x | ₹581 Cr | -6.9% | -4.9% |
| Epack Prefab TechnologiesSep 2025 | 5.10x | 3.68x | 1.69x | 3.07x | ₹512 Cr | -9.9% | -3.1% |
| Updater ServicesSep 2023 | 4.48x | 0.85x | 1.39x | 2.90x | ₹649 Cr | -5.0% | -0.5% |
| Elin ElectronicsDec 2022 | 4.51x | 3.29x | 2.20x | 3.09x | ₹501 Cr | -1.2% | -0.8% |
| Sula VineyardsDec 2022 | 4.13x | 1.51x | 1.65x | 2.33x | ₹960 Cr | +1.1% | +1.8% |
Lead managers and their listing record
| Book running lead manager | Mainboard IPOs since 2019 | Avg listing gain | Listed at a premium |
|---|---|---|---|
| DAM Capital Advisors | 37 | +13.6% | 59% |
Offer documents (NSE)
Frequently asked
What is the Prasol Chemicals IPO price band and lot size? ₹643–676 per share, with a lot of 22 shares, so the smallest retail bid is ₹14,872.
How many times has it been subscribed? 3.30x overall: QIB 7.22x, NII 1.80x, retail 1.70x.
How did it list? It opened at ₹610, -9.8% against the issue price of ₹676, and closed its first day -0.7%.
