GENERAL8 Sept 2026
Prasol Chemicals IPO Day 1: Issue opens today. Here's GMP, review - apply or not? | Stock Market News
Prasol Chemicals IPO opened today for bidding, closing 10 September. The ₹500 crore issue has a grey market premium of ₹55, hinting at a listing gain of nearly 8%. Retail investors can bid at ₹643-676 per share, with one lot of 22 shares costing at least ₹14,872. Brokerages suggest subscribing for the long term.
Key Statutory Highlights
- Prasol Chemicals IPO opened on 8 September and remains open till 10 September.
- The grey market premium is ₹55, suggesting about 8% listing gain over the upper price band.
- Anand Rathi and SBI Securities gave 'subscribe for long-term' ratings for the issue.
Actionable Advice for Taxpayers / Founders:Before applying, review the company's financials and risks. One brokerage says the issue appears fully priced, so decide based on your own investment horizon rather than short-term listing gains.
Statutory Disclaimer: TaxQue Shorts are AI-assisted editorial briefs for compliance awareness. This brief has not passed every source check; confirm the original notification before acting. This does not constitute formal legal or CA counsel.
TaxQue News Desk
Share: