Price Band fixed at ₹ 643 to ₹ 676 per equity share of face value of ₹ 2 each
Anchor Investor Bidding Date – Monday, September 7, 2026
Bid /Offer Opening Date: Tuesday, September 8, 2026 and Bid/ Offer Closing Date: Thursday, September 10, 2026
Bids can be made for a minimum of 22 equity shares of face value Rs 2 each and in multiples of 22 equity shares of face value of Rs 2 each thereafter
Red Herring Prospectus (“RHP”) link: www.damcapital.in/files/pdf/639239827470702392_Prasol_Chemicals_Limited_-_RHP.pdf
India, Thursday, 3rd September 2026 ( TGN ) : Prasol Chemicals Limited (the “Company”) proposes to open the initial public offering (“Offer”) of its equity shares of face value ₹2 each (“Equity Shares”) on Tuesday, September 8, 2026. The Anchor Investor Bidding Date is a working Day prior to Bid/Offer Opening Date, being Monday, September 7, 2026. The Bid/Offer Closing Date is Thursday, September 10, 2026.
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 of ₹ 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 with over 33 years of experience in the specialty chemicals industry. The Company is a forward integrated manufacturer of acetone and phosphorous 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 5 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.
This is an Offer in terms of Rule 19(2)(b) of the SCRR, read with Regulation 31 of the SEBI ICDR Regulations. The Offer is being made through the Book Building Process in terms of Regulation 6(1) of the SEBI ICDR Regulations, wherein not more than 50% of the Offer shall be available for allocation on a proportionate basis to Qualified Institutional Buyers (QIBs) (such portion, the QIB Portion), provided that our Company in consultation with the BRLM, may allocate up to 60% of the QIB Portion to Anchor Investors on a discretionary basis (Anchor Investor Portion). 40% of the Anchor Investor Portion shall be reserved for allocation as follows: (i) 33.33% shall be reserved for domestic Mutual Funds and (ii) 6.67% shall be reserved for life insurance companies registered with the Insurance Regulatory and Development Authority of India under the provisions of the Insurance Act, 1938 and pension funds registered with the Pension Fund Regulatory and Development Authority under the provisions of the Pension Fund Regulatory and Development Authority Act, 2013, subject to valid Bids being received from them at or above the Anchor Investor Allocation Price. Any undersubscription in the reserved category for life insurance companies and pension funds may be allocated to domestic Mutual Funds. In the event of under-subscription, or non-allocation in the Anchor Investor Portion, the balance Equity Shares shall be added to the QIB Portion (excluding the Anchor Investor Portion) (Net QIB Portion). Further, 5% of the Net QIB Portion shall be available for allocation on a proportionate basis to Mutual Funds only, and the remainder of the Net QIB Portion shall be available for allocation on a proportionate basis to all QIB Bidders, including Mutual Funds, subject to valid Bids being received from them at or above the Offer Price.
However, if the aggregate demand from Mutual Funds is less than 5% of the Net QIB Portion, the balance Equity Shares available for allocation in the Mutual Fund Portion will be added to the remaining Net QIB Portion for proportionate allocation to QIBs. Further, (a) not less than 15% of the Offer shall be available for allocation to Non-Institutional Bidders (out of which (i) one third shall be reserved for applicants with application size of more than ₹0.20 million and up to ₹1.00 million, and (ii) two-thirds shall be reserved for applicants with application size of more than ₹ 1.00 million, provided that the unsubscribed portion in either of such sub-categories may be allocated to applicants in the other sub-category of Non-Institutional Bidders) and (b) not less than 35% of the Offer shall be available for allocation to Retail Individual Bidders in accordance with the SEBI ICDR Regulations, subject to valid Bids being received from them at or above the Offer Price. All potential Bidders (except Anchor Investors) are mandatorily required to utilize the Application Supported by Blocked Amount (ASBA) process by providing details of their respective ASBA accounts and UPI ID in case of RIBs using the UPI Mechanism, as applicable, pursuant to which their corresponding Bid Amount will be blocked by the Self Certified Syndicate Banks (SCSBs) or by the Sponsor Banks under the UPI Mechanism, as the case may be, to the extent of the respective Bid Amounts. Anchor Investors are not permitted to participate in the Offer through the ASBA Process.
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.
