Prasol Chemicals
Specialty-chemicals maker of acetone-based and phosphorus-based chemistries used in lubricants, paints, pharma, agrochemicals and personal care.
Last updated 24 Sept 2026, 1:18 pm IST
- Price band
- ₹643 – ₹676
- Lot size
- 22
- Issue size
- ₹500 Cr (₹80 Cr fresh + ₹420 Cr OFS)
- Opens
- 8 Sept 2026
- Closes
- 10 Sept 2026
- Exchange
- Both
The numbers
- GMP
- ₹0 (flat) (14 Sep, 8:30 AM; still not quoting)
- Subscription
- 3.47× (final)
- Listing gain
- NSE -9.8% / BSE -9.6% (16 Sep)
- Listing date
- 16 Sept 2026
- Model prediction
- ~flat expected → Neutral. Listed -9.8% NSE / -9.6% BSE (16 Sep), recovered to close day 1 at -0.7%; call held.
The Ticker Tales take
Prasol Chemicals makes acetone-based and phosphorus-based specialty chemicals that end up in lubricants, paints, medicines, crop chemicals and personal care. Four-fifths of the ₹500 crore issue was an offer for sale, so most of the money went to existing owners rather than into the business. Final demand was modest at 3.47 times covered and the grey market premium had drained away to nothing, so we expected a flat, unexciting debut and called it Neutral. It listed on 16 September at ₹610 on NSE, down 9.8%, and ₹611 on BSE, down 9.6% — a weaker open than even we expected — then climbed back through the day to close at ₹671, effectively flat at −0.7%. The Neutral call held by the closing bell, though the opening print was uglier than the call implied.
More details
- Plants
- Khopoli & Mahad, Maharashtra
- Sector
- Specialty chemicals
- Issue type
- Book-built (₹80 Cr fresh + ₹420 Cr OFS)
- Incorporated
- 1992
- Anil Singhvi - Long-term call
- Not clearly stated
- Anil Singhvi - Listing-gain call
- Not clearly stated
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Calls here follow a set formula (GMP, subscription trends) plus Anil Singhvi's publicly shared view — not investment advice. Please do your own research before investing.