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Prasol Chemicals Ltd
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Registered Office :
Plot No A-17/2/3,TTC Indl Area Khairne MIDC
,
Navi Mumbai
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400710
,
Maharashtra
, India.
Phone :
+91 22 6195 2500 Fax:
Email : investorservices@prasolchem.com
Website : www.prasolchem.com
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Initial public offering of up to 7,396,449 equity shares of face value of Rs2 each (Equity Shares) of the company for cash at a price of Rs676 per equity share (including a share premium of Rs674 per equity share) (offer price) aggregating up to Rs500.00 crores (the offer) comprising a fresh issue of up to 1,183,431 equity shares aggregating up to Rs80.00 Crores by the company (fresh issue) and an offer for sale of up to 6,213,018 equity shares aggregating up to Rs420.00 Crores by the selling shareholders (offer for sale) comprising up to 1,775,147 equity shares aggregating up to Rs120 by Usha Rajnikant Shah (held jointly with Nishith Rajnikant Shah and Shah Sandhya Nishith), up to 762,130 equity shares aggregating up to Rs51.52 Crores by Tushar Natverlal Dharia (HUF), up to 274,260 equity shares aggregating up to Rs18.54 Crores by Gaurang Natwarlal Parikh HUF, up to 577,366 equity shares aggregating up to Rs39.03 Crores by Bhisham Kumar Gupta (held jointly with Raksha Bhisham Gupta), up to 473,372 equity shares aggregating up to Rs32 Crores by Nishith Rasiklal Dharia (held jointly with Sonal Nishith Dharia), up to 520,710 equity shares aggregating up to Rs35.2 Crores by Sonal Nishith Dharia (held jointly with Nishith Rasiklal Dharia), up to 473,372 equity shares aggregating up to Rs32 Crores by Sachin Jatin Parikh (held jointly with Shruti Sachin Parikh), up to 113,165 equity shares aggregating up to Rs7.65 Crores by Namita Tushar Parikh, up to 116,863 equity shares aggregating up to
Rs7.9 Crores by Shruti Sachin Parikh (held jointly with Sachin Jatin Parikh), up to 133,136 equity shares aggregating up to Rs9 Crores Dipak Amarshi (held jointly with Ushma Amarshi), up to 95,857 equity shares aggregating up to Rs6.48 Crores by Heta T Parikh, up to 523,076 equity shares aggregating up to Rs35.36 crores by Gaurang Natwarlal Parikh (held jointly with Tanvi Gaurang Parikh), up to 71,005 equity shares aggregating up to Rs4.8 Crores by Kinjal Pankil Dharia (held jointly with Pankil Nishith Dharia), up to 88,757 equity shares aggregating up to Rs6 Crores by Suketu Navichandra Parikh (held jointly with lina Suketu Parikh), up to 81,360 equity shares aggregating up to Rs5.5 Crores by Pushpa Navinchandra Parikh (held jointly with Suketu Navinchandra Parikh), up to 51,775 equity shares aggregating up to Rs3.5 Crores Sundeep Navinchandra Parikh (held jointly with Sheetal Sandeep Parikh), up to 7,544 equity shares aggregating up to Rs0.51 Crores by Lina Suketu Parikh (held jointly with Suketu Navichandra Parikh), up to 7,396 equity shares aggregating up to Rs0.5 Crores by Sheetal Sandeep Parikh (held jointly with Sundeep Navinchandra Parikh), up to 59,171 equity shares aggregating up to Rs4.00 Crores by Jignasha Jay Kantawala (held jointly with Jay Shailesh Kantawala), up to 7,692 equity shares aggregating up to Rs0.52 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: Rs676 per equity share of face value of Rs2 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 Rs2 each and in multiples of 22 equity shares of face value of Rs2 each thereafter.
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Opens On
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Closes On
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Application
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Allotment
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08-Sep-26
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10-Sep-26
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Rs 676.00-0.00
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Rs 0.00-0.00
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Minimum Application for shares in Nos :22 Further
Multiples of :22
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(Rs Cr)
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Lead Managers to the Issue
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Project Cost
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0.00
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| DAM Capital Advisors Limited |
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Project Financed through Current Offer
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500.00
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Post Issue Equity Share Capital
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11.84
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Issue Price
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Rs 676.00
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Repayment or pre-payment, in full or in part, of certain of the outstanding borrowings availed by the Company |
General corporate purposes |
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