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Prasol Chemicals Ltd

Registered Office: Plot No A-17/2/3,TTC Indl Area Khairne MIDC, Navi Mumbai - 400710, Maharashtra, India.
Phone : +91 22 6195 2500   Fax:
Email :  investorservices@prasolchem.com  
Website :  www.prasolchem.com

Initial public offering of 7,396,437 equity shares of face value of Rs. 2 each (Equity Shares) of the company for cash at a price of Rs. 676 per equity share (including a share premium of Rs. 674 per equity share) (offer price) aggregating Rs. 500.00 crores (the offer) comprising a fresh issue of 1,183,431 equity shares aggregating Rs. 80.00 Crores by the company (fresh issue) and an offer for sale of 6,213,006 equity shares aggregating Rs. 420.00 Crores by the selling shareholders (offer for sale) comprising 1,775,147 equity shares aggregating Rs. 120 Crores by Usha Rajnikant Shah (held jointly with Nishith Rajnikant Shah and Shah Sandhya Nishith), 762,115 equity shares aggregating up to Rs. 51.52 Crores by Tushar Natverlal Dharia (HUF), 274,245 equity shares aggregating Rs. 18.54 Crores by Gaurang Natwarlal Parikh HUF, 577,366 equity shares aggregating Rs. 39.03 Crores by Bhisham Kumar Gupta (held jointly with Raksha Bhisham Gupta), 473,372 equity shares aggregating Rs. 32 Crores by Nishith Rasiklal Dharia (held jointly with Sonal Nishith Dharia), 520,710 equity shares aggregating Rs. 35.2 Crores by Sonal Nishith Dharia (held jointly with Nishith Rasiklal Dharia), 473,372 equity shares aggregating Rs. 32 Crores by Sachin Jatin Parikh (held jointly with Shruti Sachin Parikh), 113,091 equity shares aggregating Rs. 7.65 Crores by Namita Tushar Parikh, 116,863 equity shares aggregating Rs. 7.9 Crores by Shruti Sachin Parikh (held jointly with Sachin Jatin Parikh), 133,136 equity shares aggregating Rs. 9 Crores Dipak Amarshi (held jointly with Ushma Amarshi), 95,887 equity shares aggregating Rs. 6.48 Crores by Heta T Parikh, 523,002 equity shares aggregating Rs. 35.36 crores by Gaurang Natwarlal Parikh (held jointly with Tanvi Gaurang Parikh), 71,005 equity shares aggregating Rs. 4.8 Crores by Kinjal Pankil Dharia (held jointly with Pankil Nishith Dharia), 88,757 equity shares aggregating Rs. 6 Crores by Suketu Navichandra Parikh (held jointly with lina Suketu Parikh), 81,360 equity shares aggregating Rs. 5.5 Crores by Pushpa Navinchandra Parikh (held jointly with Suketu Navinchandra Parikh), 51,775 equity shares aggregating Rs. 3.5 Crores Sundeep Navinchandra Parikh (held jointly with Sheetal Sandeep Parikh), 7,544 equity shares aggregating Rs. 0.51 Crores by Lina Suketu Parikh (held jointly with Suketu Navichandra Parikh), 7,396 equity shares aggregating Rs. 0.5 Crores by Sheetal Sandeep Parikh (held jointly with Sundeep Navinchandra Parikh), 59,171 equity shares aggregating Rs. 4.00 Crores by Jignasha Jay Kantawala (held jointly with Jay Shailesh Kantawala), and 7,692 equity shares aggregating Rs. 0.52 crores by Tushar Natverlal Dharia (held jointly with AMI Tushar Dharia) (collectively, selling shareholders and each such equity shares, the offered shares). The offer shall constitute 12.50% of the post-offer paid-up equity share capital of the company. Price Band: Rs. 676 per equity share of face value of Rs. 2 each. The floor price 338 times the face value of the equity shares, respectively. Bids can be made for a minimum of 22 equity shares of face value of Rs. 2 each and in multiples of 22 equity shares of face value of Rs. 2 each thereafter.

Issue Money Payable On
Opens On Closes On Application Allotment
08-Sep-26 10-Sep-26 676.00-0.00 0.00-0.00
Minimum Application for shares in Nos : 22   Further Multiples of : 22
  Rs Cr Lead Managers to the Issue
Project Cost 76.39 DAM Capital Advisors Limited
Project Financed through Current Offer 500.00  
Post Issue Equity Share Capital 11.84  
Issue Price 676.00  

Projects

  • Repayment or pre-payment, in full or in part, of certain of the outstanding borrowings availed by the Company
  • General corporate purposes

Promoted By

Usha Rajnikant Shah (held joi

Gaurang Natwarlal Parikh (held

Nishith Rasiklal Dharia (held

Listing At

BSE

NSE

Registrar to the Issue

KFin Techologies Ltd

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