By: ICN Bureau
Last updated : March 27, 2026 7:08 pm
The company plans to utilize the net proceeds from the fresh issue towards repayment/prepayment of borrowings, funding capital expenditure for expansion of manufacturing facilities
Securities and Exchange Board of India (SEBI) has granted approval to Prasol Chemicals Limited for its proposed initial public offering (IPO) aggregating up to Rs. 500 crore.
The company’s initial public offering comprises an offer for sale aggregating up to Rs. 500 crore by the promoter selling shareholders.
Prasol Chemicals, a leading manufacturer of specialty chemicals catering to diverse industries including pharmaceuticals, agrochemicals, and performance materials, plans to utilize the net proceeds from the fresh issue towards repayment/prepayment of borrowings, funding capital expenditure for expansion of manufacturing facilities, investment in R&D capabilities and general corporate purposes.
JM Financial, Axis Capital Limited, and DAM Capital Advisors Limited are the Book Running Lead Managers to the issue.