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Prasol Chemicals IPO Day 2 Subscription Status: Issue Booked 0.76 Times
Authored By HDFC SKY | Published at: Sep 9, 2026 06:37 PM IST
The retail portion of the Prasol Chemicals IPO was subscribed 1.19 times by 5:13 PM on Day 2, making it the only main investor category to cross full subscription. The NII category stood at 0.69 times, while the QIB portion excluding the anchor allocation was subscribed 0.06 times. Overall subscription rose from 0.44 times on Day 1 to 0.76 times on Day 2.
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Mumbai, September 09: The Prasol Chemicals IPO was subscribed 0.76 times by 5:13 PM on the second day of bidding on September 9, 2026. The issue received bids for 3,93,852 shares against 51,77,508 shares offered to the public, excluding the anchor portion. The ₹500 crore IPO comprises a fresh issue of 11.83 lakh shares aggregating to ₹80 crore and an offer for sale of 62.13 lakh shares worth ₹420 crore. The price band has been fixed at ₹643 to ₹676 per share, with a lot size of 22 shares.
Prasol Chemicals IPO Day 2 Subscription Status
At 5:13 PM on September 9, 2026, the Prasol Chemicals IPO had received bids across the retail, NII and QIB categories.
| Category | Subscription |
| QIB (Ex Anchor) | 0.06x |
| NII/HNI | 0.69x |
| Retail | 1.19x |
| Total | 0.76x |
The total number of shares bid for stood at 3,93,852, compared with 51,77,508 shares offered to the public, excluding the anchor allocation.
Category-wise Prasol Chemicals IPO Subscription Status
| Category | Shares Offered | Shares Bid For | Subscription |
| QIB (Ex Anchor) | 14,79,289 | 82,192 | 0.06x |
| NII/HNI | 11,09,466 | 7,68,900 | 0.69x |
| NII (>₹10L) | 7,39,644 | 2,85,450 | 0.39x |
| NII (<₹10L) | 3,69,822 | 4,83,450 | 1.31x |
| Retail | 25,88,753 | 30,92,760 | 1.19x |
| Total | 51,77,508 | 39,43,852 | 0.76x |
Within the NII segment, applications below ₹10 lakh were subscribed 1.31 times, while the portion for applications above ₹10 lakh stood at 0.39 times.
Prasol Chemicals Day’s Wise Subscription Summary
The IPO recorded 0.44 times subscription on Day 1. By Day 2, the overall subscription had risen to 0.76 times.
| Date | QIB (Ex Anchor) | NII | NII (>₹10L) | NII (<₹10L) | Retail | Total |
| September 08, 2026 (Day 1) | 0.00x | 0.33x | 0.17x | 0.64x | 0.74x | 0.44x |
| September 09, 2026 (Day 2) | 0.06x | 0.69x | 0.39x | 1.31x | 1.19x | 0.76x |
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 ₹500 crore bookbuilding issue comprising a fresh issue of 11.83 lakh shares aggregating to ₹80 crore and an offer for sale of 62.13 lakh shares aggregating to ₹420 crore.
The price band is ₹643 to ₹676 per share. The retail lot size is 22 shares, requiring a minimum investment of ₹14,872 at the upper end of the price band.
| IPO Particulars | Details |
| Issue Size | ₹500 crore |
| Issue Type | Bookbuilding IPO |
| Fresh Issue | 11.83 lakh shares |
| Fresh Issue Value | ₹80 crore |
| Offer for Sale | 62.13 lakh shares |
| Offer for Sale Value | ₹420 crore |
| Price Band | ₹643 to ₹676 per share |
| Face Value | ₹2 per share |
| Lot Size | 22 shares |
| Minimum Retail Investment | ₹14,872 |
| Issue Open Date | September 08 2026 |
| Issue Close Date | September 10 2026 |
| Basis of Allotment | September 11 2026 |
| Listing Date | September 16 2026 |
| Listing Exchanges | BSE, NSE |
| Registrar | KFin Technologies Ltd. |
| Lead Manager | Dam Capital Advisors Ltd. |
The Prasol Chemicals IPO will remain open until September 10, 2026. The basis of allotment is scheduled for September 11, followed by refunds and credit of shares on September 15. The shares are scheduled to list on BSE and NSE on September 16, 2026.
Source:
- https://www.nseindia.com/market-data/issue-information?symbol=PRASOLCHEM&series=EQ&type=Active
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