Prasol Chemicals’ initial public offering (IPO) opens for subscription on 8 September and runs until 10 September, according to reporting. The IPO is a ₹500 crore share sale priced in a band of ₹643 to ₹676 per share. The issue includes a fresh equity component of ₹80 crore and an offer for sale (OFS) of ₹420 crore.
At the time of early trading on day one, NDTV reports the IPO is subscribed 0.05 times as of 10:15 a.m. NDTV also covers grey market indications (GMP) as the issue opens, while other details such as the lot size and minimum retail investment are provided in the Economic Times report. The lot size is 22 shares, requiring a minimum retail investment of ₹14,872, based on the quoted pricing band.
