Prasol Chemicals IPO Subscription Status
Final figures at close of bidding: 16 Sept 2026, 6:30 pm IST
| Category | Subscription |
|---|---|
| QIB | 7.59x |
| NII | 1.89x |
| sNII (₹2L–₹10L) | 3.23x |
| bNII (above ₹10L) | 1.22x |
| Retail (RII) | 1.79x |
| Total | 3.47x |
Bidding day 3
Day-wise subscription
| Day | QIB | sNII | bNII | Retail | Total |
|---|---|---|---|---|---|
| Day 1 | 0x | 0.64x | 0.17x | 0.74x | 0.44x |
| Day 2 | 0.06x | 1.31x | 0.39x | 1.19x | 0.76x |
| Day 3 | 7.59x | 3.23x | 1.22x | 1.79x | 3.47x |
Times subscribed per category (bids vs shares offered, anchor portion excluded). Bidding has closed — these are the final figures.
How the book filled
Day-by-day demand
The Prasol Chemicals book was built over 3 days: overall subscription stood at 0.44× at the close of day 1, read 0.76× at the end of day 2, and finished at 3.47× on day 3. On the final day it was qualified institutional buyers (QIB) driving the book, at 7.59× of the shares set aside for the category. More than half of the final demand arrived after day 1 — a late-building book. The largest single-day addition came on day 3, when the overall multiple moved from 0.76× to 3.47×.
Category detail
Qualified institutional buyers took their portion to 7.59×. Non-institutional investors came in at 1.89×, split 3.23× in the small-NII bucket (bids under ₹10 lakh) and 1.22× among big NIIs (above ₹10 lakh). Within the NII book, the smaller sub-₹10-lakh applications outpaced the bigger bids. Retail investors put in bids for 1.79× the shares reserved for them. That puts qualified institutional buyers (QIB) at the top of the book at 7.59× and retail investors at the bottom at 1.79×.
What the multiple means for allotment
With retail subscription at 1.79×, applications in that category exceeded the shares available to it by a factor of about 1.79. When a retail book is oversubscribed, the registrar does not allot proportionately — allotment runs as a computerised lottery among all valid applications, with each successful application receiving at least one lot of 22 shares — ₹14,872 of stock at the upper band. The multiple above is the data point that determines how thinly that draw is spread; it describes the final book, not the outcome of any single application.
Frequently asked questions
- When does the Prasol Chemicals IPO open and close?
- The Prasol Chemicals IPO opens on 8 Sept 2026 and closes on 10 Sept 2026.
- How many times was the Prasol Chemicals IPO subscribed?
- The Prasol Chemicals IPO was subscribed 3.47 times in total across all investor categories.
- What is the reservation split in the Prasol Chemicals IPO?
- Of the total shares offered, retail investors get 35%, QIBs 20% (plus 30% anchor), non-institutional investors 15%.