Prasol Chemicals IPO Day 3: Issue ends with 3.3x of subscription; here’s how to check allotment on BSE, NSE

Until 5 PM, the initial share sale of the firm had received bids for 1,79,62,648 shares as compared to 54,43,229 shares on offer, as per exchange data.

The non-institutional investor (NII) category was subscribed 1.8 times, while the retail individual investor (RII) segment saw 1.7 times of subscription. However, the Qualified Institutional Buyers (QIB) portion was booked 7.22 times.

The ₹500 crore IPO includes an offer for sale and a fresh issue. It has a price band set between ₹643 and ₹676 per share.

The IPO is a book-building issue, comprising an offer for sale of ₹420 crore and a fresh issue of ₹80 crore. The minimum lot size for an application is 22 shares.

Ahead of its IPO, Prasol Chemicals had mobilised nearly ₹150 crore from anchor investors. The anchor investors included Aditya Birla Sun Life Insurance Company Ltd, Tata AIA Life Insurance Company Ltd, Turnaround Opportunities Fund, ITI Mutual Fund, Tata Mutual Fund, Edelweiss Mutual Fund and Kotak Mahindra Mutual Fund.

Prasol Chemicals IPO Objective

The money raised from the IPO will be used towards the following objectives:

Prasol Chemicals: Allotment and listing date

Steps to check Prasol Chemicals IPO allotment status on NSE

• Visit the NSE IPO allotment status page at https://www.nseindia.com/invest/check-trades-bids-verify-ipo-bids

• Chose ‘Equity & SME IPO bid details’

• Select ‘Prasol Chemicals’ from the list of IPO names.

• Enter your application number and PAN details.

• Click ‘Submit’ to view the status of your IPO allotment.

Steps to check Prasol Chemicals IPO allotment status BSE

• Visit the BSE IPO allotment status page: https://www.bseindia.com/investors/appli_check.aspx

• Select ‘Prasol Chemicals’ as the issue type.

• From the dropdown menu, select ‘Prasol Chemicals’. Identify yourself using either PAN details or the IPO application number.

• Click on the ‘I’m not a robot’ tab and press the ‘Search’ button to see the allotment details.

About the company

Incorporated in 1992, Prasol Chemicals has over 33 years of experience in the speciality chemicals industry. The company is a forward-integrated manufacturer of acetone-based, phosphorus-based, and other speciality chemicals involving complex and differentiated chemistries.

It has a diversified product portfolio of more than 150 speciality chemicals, and as of July 15, 2026, it has over 1600 customers in 69 countries. The company operates two manufacturing facilities in Maharashtra—Khopoli and Mahad.