Prasol Chemicals IPO Day 2: Subscription Status on 9 September 2026
- September 9, 2026
- Posted by: Kunal Singla
- Category: IPO
Prasol Chemicals IPO Day 2, 9 Sep 2026. Subscribed 0.44x at Day 1 close: Retail 0.73x, NII 0.33x, QIB 0.00x. Price band Rs 643-676. Closes 10 Sep.
Quick Answer
The Prasol Chemicals IPO is on Day 2 of bidding on 9 September 2026, after a modest opening day. Day 1 closed with the Prasol Chemicals IPO subscribed 0.44 times overall, with retail investors leading at 0.73 times, non-institutional investors at 0.33 times, and qualified institutional buyers yet to place meaningful bids. Bidding for the Prasol Chemicals IPO remains open until 10 September 2026, and investors should track the live category wise numbers on NSE and BSE through the day.
The issue has entered Day 2 of its three day bidding window, which opened on 8 September and closes on 10 September 2026. Prasol Chemicals Limited, a specialty chemicals manufacturer founded in 1992, is raising about Rs 500 crore through a combination of fresh issue and offer for sale, and the shares are proposed to list on both NSE and BSE.
Day 1 bidding for the issue stayed below full subscription, with retail investors leading but still under 1 time and both NII and QIB categories lagging further behind. With two sessions still remaining, including the 10 September close, there is room for the book to build meaningfully, particularly if institutional bids arrive in the closing hours as they typically do for mainboard issues.
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Prasol Chemicals IPO Details
The table below sets out the key parameters of the issue.
| Open Date | 8 September 2026 |
| Close Date | 10 September 2026 |
| Price Band | Rs 643 to Rs 676 per share |
| Lot Size | 22 shares |
| Issue Size | Rs 500 crore |
| Issue Type | Book Built Issue |
| Listing At | NSE and BSE |
| Allotment Date | 11 September 2026 |
| Listing Date | 16 September 2026 |
Prasol Chemicals IPO Subscription Status Day 2
Category wise bidding for the issue is updated through the trading session on NSE and BSE. The table below shows the position at the close of Day 1 along with the overall figure recorded so far on Day 2.
| Investor Category | Subscription at Day 1 Close (8 Sep, 5:06 PM) | Overall Subscription So Far (Day 2, 9 Sep) |
|---|---|---|
| Qualified Institutional Buyers (QIB) | 0.00 times | Updating |
| Non-Institutional Investors (NII) | 0.33 times | Updating |
| Retail Individual Investors | 0.73 times | Updating |
| Overall | 0.44 times | Updating through the session |
Retail investors have led the issue through Day 1, though the overall book remains under-subscribed at this stage. QIB bids on mainboard issues often arrive in a rush on the closing day, so the final subscription figures for the issue could look considerably different from the Day 1 position.
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How to Apply for the Prasol Chemicals IPO
- Open a Demat and trading account with a SEBI-registered broker such as Univest if you do not already have one.
- Select the issue on your broker app or net banking platform and enter your bid quantity and price within the Rs 643 to Rs 676 band, in multiples of 22 shares.
- Submit the application through the UPI-based ASBA method so the bid amount is blocked rather than debited immediately.
- Approve the UPI mandate on your phone before the daily cut off time, keeping in mind the issue closes on 10 September.
Download the Univest iOS App or Univest Android App to apply for the issue before the 10 September close.
Grey market premium (GMP) is an unofficial, unregulated indicator for the issue that is not endorsed by SEBI, NSE, or BSE. Investors looking for indicative GMP data can go through other relevant sources, though such figures should never be the sole basis for an investment decision.
Conclusion
The issue has had a measured start, running at 0.44 times overall through Day 1, with two sessions still remaining before the 10 September close for demand to build. Investors considering the issue should review the company financials and risk factors in the RHP on nseindia.com and bseindia.com, and apply only after independent due diligence.
Disclaimer: Data and figures in this article are sourced from publicly available information. These may or may not be accurate. Please verify all data with the official NSE (nseindia.com) and BSE (bseindia.com) websites before making any investment decision. Investments in securities are subject to market risk. This content is for educational purposes only and is not investment advice by Univest (SEBI RA INH000013776).
FAQs
What is the Prasol Chemicals IPO subscription status on Day 2?
Ans. The issue closed Day 1 subscribed 0.44 times overall, with retail leading at 0.73 times, NII at 0.33 times, and QIB at 0.00 times, and figures for Day 2, 9 September 2026, are updating through today’s session.
When does the Prasol Chemicals IPO close?
Ans. The issue closes for subscription on 10 September 2026, having opened on 8 September 2026.
What is the Prasol Chemicals IPO price band and lot size?
Ans. The issue price band is Rs 643 to Rs 676 per share, with a lot size of 22 shares, taking the minimum retail investment to about Rs 14,872 at the upper band.
Which category led the Prasol Chemicals IPO on Day 1?
Ans. Retail investors led the issue on Day 1, subscribing their reserved portion 0.73 times, ahead of non-institutional investors at 0.33 times, while qualified institutional buyers had not placed meaningful bids yet.
What is the Prasol Chemicals IPO GMP?
Ans. Grey market premium (GMP) is an unofficial, unregulated indicator for the issue that is not endorsed by SEBI, NSE, or BSE. Investors looking for indicative GMP data can go through other relevant sources, though such figures should never be the sole basis for an investment decision.
How do I apply for the Prasol Chemicals IPO?
Ans. You can apply for the issue through your SEBI-registered broker or UPI-enabled banking app using the ASBA method, entering your bid in multiples of 22 shares within the Rs 643 to Rs 676 band and approving the UPI mandate before the daily cut off.
When will the Prasol Chemicals IPO be allotted and listed?
Ans. The issue allotment is expected to be finalised on 11 September 2026, with listing on NSE and BSE tentatively scheduled for 16 September 2026.
Why is the Prasol Chemicals IPO subscription still low?
Ans. The issue remained under-subscribed through Day 1 at 0.44 times overall, which is not unusual for mainboard issues where institutional and larger investor bids typically arrive closer to the 10 September closing day.
What is the reservation split in the Prasol Chemicals IPO?
Ans. The issue reserves around 50 percent of the net offer for qualified institutional buyers, about 15 percent for non-institutional investors, and roughly 35 percent for retail individual investors.
What does Prasol Chemicals Limited do?
Ans. Prasol Chemicals Limited manufactures over 150 specialty chemical products built around acetone and phosphorus based chemistries, serving performance chemicals, paints, pharmaceuticals, agrochemicals and home and personal care industries across 69 countries.
