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Manumangalanubhai Manumangalangaldas Securities Pvt. Ltd. Member: BSE - NSE - CDSL

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IPO Synopsis
Prasol Chemicals Ltd
Registered Office: Plot No A-17/2/3, TTC Indl Area Khairne MIDC, Navi Mumbai - 400710, Maharashtra
Phone: 1
Email:
Website: 1
Initial public offering of up to 7,396,449 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 up to Rs. 500.00 crores (the offer) comprising a fresh issue of up to 1,183,431 equity shares aggregating up to Rs. 80.00 Crores by the company (fresh issue) and an offer for sale of up to 6,213,018 equity shares aggregating up to Rs. 420.00 Crores by the selling shareholders (offer for sale) comprising up to 1,775,147 equity shares aggregating up to Rs. 120 by Usha Rajnikant Shah (held jointly with Nishith Rajnikant Shah and Shah Sandhya Nishith), up to 762,130 equity shares aggregating up to Rs. 51.52 Crores by Tushar Natverlal Dharia (HUF), up to 274,260 equity shares aggregating up to Rs. 18.54 Crores by Gaurang Natwarlal Parikh HUF, up to 577,366 equity shares aggregating up to Rs. 39.03 Crores by Bhisham Kumar Gupta (held jointly with Raksha Bhisham Gupta), up to 473,372 equity shares aggregating up to Rs. 32 Crores by Nishith Rasiklal Dharia (held jointly with Sonal Nishith Dharia), up to 520,710 equity shares aggregating up to Rs. 35.2 Crores by Sonal Nishith Dharia (held jointly with Nishith Rasiklal Dharia), up to 473,372 equity shares aggregating up to Rs. 32 Crores by Sachin Jatin Parikh (held jointly with Shruti Sachin Parikh), up to 113,165 equity shares aggregating up to Rs. 7.65 Crores by Namita Tushar Parikh, up to 116,863 equity shares aggregating up to Rs. 7.9 Crores by Shruti Sachin Parikh (held jointly with Sachin Jatin Parikh), up to 133,136 equity shares aggregating up to Rs. 9 Crores Dipak Amarshi (held jointly with Ushma Amarshi), up to 95,857 equity shares aggregating up to Rs. 6.48 Crores by Heta T Parikh, up to 523,076 equity shares aggregating up to Rs. 35.36 crores by Gaurang Natwarlal Parikh (held jointly with Tanvi Gaurang Parikh), up to 71,005 equity shares aggregating up to Rs. 4.8 Crores by Kinjal Pankil Dharia (held jointly with Pankil Nishith Dharia), up to 88,757 equity shares aggregating up to Rs. 6 Crores by Suketu Navichandra Parikh (held jointly with lina Suketu Parikh), up to 81,360 equity shares aggregating up to Rs. 5.5 Crores by Pushpa Navinchandra Parikh (held jointly with Suketu Navinchandra Parikh), up to 51,775 equity shares aggregating up to Rs. 3.5 Crores Sundeep Navinchandra Parikh (held jointly with Sheetal Sandeep Parikh), up to 7,544 equity shares aggregating up to Rs. 0.51 Crores by Lina Suketu Parikh (held jointly with Suketu Navichandra Parikh), up to 7,396 equity shares aggregating up to Rs. 0.5 Crores by Sheetal Sandeep Parikh (held jointly with Sundeep Navinchandra Parikh), up to 59,171 equity shares aggregating up to Rs. 4.00 Crores by Jignasha Jay Kantawala (held jointly with Jay Shailesh Kantawala), up to 7,692 equity shares aggregating up to 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 [*]% 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-2026 10-Sep-2026 676.00 - 0.00 0.00 - 0.00
Cr. Lead Managers to the Issue
Project Cost 76.39
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
BSE
NSE
Registrar to the Issue
KFin Techologies Ltd
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