Prasol Chemicals’ initial public offering opens for subscription on September 8 and remains open until September 10. The issue is a Rs 500-crore public offering priced in a band of Rs 643 to Rs 676 per share. Retail investors bid in a minimum lot size of 22 shares, which corresponds to a minimum investment of Rs 14,872 at the upper end of the price band.
Across outlets, the structure of the offer is described as a combination of a fresh issue worth Rs 80 crore and an offer for sale (OFS) worth Rs 420 crore by existing shareholders. NDTV reports the IPO’s subscription status early on Day 1, citing 0.05 times subscription at around 10:15 a.m. At the same time, NDTV discusses grey-market indicators, including an instance where GMP is reported to turn negative at -Rs 13, suggesting a potential listing loss. Economic Times focuses primarily on key bidding and contract details such as the dates, size, and price band.
NDTV also reports that the shares are expected to list on September 16, while repeatedly summarizing the same price-band and lot-size information across different coverage days.
