Prasol Chemicals IPO Opens for Bidding
· Business · LiveMint, Economic Times
The ₹500 crore initial public offering of Prasol Chemicals opened for subscription on 8 September 2026 and will remain available until 10 September. Ahead of the launch, the company secured ₹150 crore from anchor investors, including Tata Mutual Fund and Kotak Mahindra Mutual Fund, at a price of ₹676 per share. Shares are currently trading at a grey market premium of ₹55, indicating a potential 8% listing gain. Brokerage firms Anand Rathi and SBI Securities have assigned a 'subscribe for long-term' rating to the issue.
Why it matters
The IPO provides investors an entry into the specialty chemicals sector, which is characterized by high entry barriers and long-term revenue visibility.
Read the original report — LiveMint
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