Prasol Chemicals IPO Day 1 Subscription Status: Issue Booked 0.43 Times

Authored By HDFC SKY | Published at: Sep 8, 2026 05:25 PM IST

Prasol Chemicals IPO was subscribed 0.43 times on Day 1, with retail at 0.72x, NII at 0.32x and QIB (Ex Anchor) at 0.00x as of September 08, 2026.

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Mumbai, September 08: Prasol Chemicals IPO saw a cautious response from investors on the opening day of bidding. The bookbuilding issue was subscribed 0.43 times as of 5:02 PM on September 08, 2026.

The IPO opened for subscription on September 08 and will close on September 10, 2026. The issue comprises a fresh issue of 11.83 lakh shares aggregating up to ₹80 crore and an offer for sale of 62.13 lakh shares aggregating up to ₹420 crore.

The price band has been fixed at ₹643 to ₹676 per share, while the lot size is 22 shares. At the upper end of the price band, the minimum investment for a retail investor is ₹14,872.

Prasol Chemicals IPO Day 1 Subscription Status

By 5:02PM on September 08, 2026, investors had bid for 51.78 lakh shares against 1.19 crore shares offered across the public categories.

Category	Shares Offered	Shares Bid For	Subscription
QIB (Ex Anchor)	14,79,289	4,576	0.00x
NII	11,09,466	3,59,084	0.32x
NII (> ₹10 lakh)	7,39,644	1,26,126	0.17x
NII (< ₹10 lakh)	3,69,822	2,32,958	0.63x
Individual Investors	25,88,753	18,66,106	0.72x
Total	51,77,508	22,29,766	0.43x

The retail category recorded the highest subscription on Day 1 at 0.72 times, with bids for 18.66 lakh shares against 25.89 lakh shares available.

The NII portion was subscribed 0.32 times. Within the category, applications below ₹10 lakh recorded a subscription of 0.63 times, while applications above ₹10 lakh stood at 0.17 times.

The QIB portion excluding anchor investors received 4,576 shares in bids against 14.79 lakh shares on offer, resulting in a subscription of 0.00 times when rounded to two decimal places.

Category-wise Prasol Chemicals IPO Subscription Status

Investor Category	Subscription
QIB (Ex Anchor)	0.00x
NII	0.32x
NII (> ₹10 lakh)	0.17x
NII (< ₹10 lakh)	0.63x
Individual Investors	0.72x
Total	0.43x

Prasol Chemicals Day’s Wise Subscription Summary

The issue recorded limited demand across categories on its opening day. Retail investors accounted for the largest share of bids, while the QIB portion remained below the shares available by the reported 5:02 PM timestamp.

Date	QIB (Ex Anchor)	NII	NII (> ₹10L)	NII (< ₹10L)	Retail	Total
Sep 08 (Day 1)	0.00x	0.32x	0.17x	0.63x	0.72x	0.43x

Prasol Chemicals IPO Timeline

IPO Milestone	Date
Issue Open Date	September 08 2026
Issue Close Date	September 10 2026
Basis of Allotment Date	September 11 2026
Initiation of Refunds	September 15 2026
Credit of Shares	September 15 2026
Listing Date	September 16 2026

Brief Overview Of The IPO

Prasol Chemicals IPO is a bookbuilding issue comprising a fresh issue and an offer for sale. The issue consists of 73,96,437 shares in total, with the shares proposed to be listed on the BSE and NSE.

Particular	Details
Issue Size	₹500 crore
Issue Type	Bookbuilding IPO
Fresh Issue	11,83,431 shares
Fresh Issue Size	₹80 crore
Offer for Sale	62,13,006 shares
Offer for Sale Size	₹420 crore
Price Band	₹643 to ₹676 per share
Face Value	₹2 per share
Total Issue Size	73,96,437 shares
Issue Period	September 08 to September 10 2026
Lot Size	22 shares
Minimum Investment	₹14,872 at the upper price band
Listing Exchange	BSE and NSE
Lead Manager	Dam Capital Advisors Ltd.
Registrar	KFin Technologies Ltd.
Day 1 Subscription	0.43x
Subscription Timestamp	September 08 2026, 5:02 PM

Source:

https://www.nseindia.com/market-data/issue-information?symbol=PRASOLCHEM&series=EQ&type=Active

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