made a weak debut on the stock market on Wednesday, but managed to close near the offer price of ₹676.
The stock began trading at a 9.7 per cent discount on the NSE at ₹610 before ending at the upper price band of ₹671, which is 10 per cent above the listing price.
On the , it debuted at a 9.6 per cent discount at ₹611 and subsequently closed at ₹672.05, the upper circuit.
Listing ceremony of Prasol Chemicals Limited will be starting soon at our exchange . Watch the ceremony live!
— NSE India (@NSEIndia)
Shivani Nyati, Head of Wealth at Swastika Investmart Ltd, said Prasol Chemicals’ listing was in line with the brokerage’s neutral view.
She noted that FY26 RoNW stood at 18.5 per cent and revenue increased from ₹876 crore in FY24 to ₹1,233 crore in FY26, adding that the weak debut reflected valuation concerns rather than a deterioration in fundamentals. Nyati said existing allottees may consider holding based on their risk appetite, with a stop loss of ₹580–585.
Dr Ravi Singh, Chief Research Officer at Master Capital Services Ltd, noted that India’s specialty chemicals market grew from ₹2,240 billion in FY19 to ₹5,563 billion in FY26 and is projected to reach ₹7,541 billion by FY29, registering a 10-12 per cent CAGR.
Singh said the weak listing could keep near-term sentiment under pressure, while fresh investments from investors might wait for price stability. He added that the outlook would depend on the company’s ability to sustain growth, improve profitability and cash generation.
IPO details
The company’s ₹500-crore IPO was The QIB portion was subscribed 7.22 times, while the NII and retail portions were booked 1.80 times and 1.70 times, respectively.
Prasol Chemicals mobilised nearly ₹150 crore from anchor investors.
The company’s IPO had a price band of ₹643-676 per equity share. The public offer comprised a fresh issue of equity shares worth up to ₹80 crore and an offer-for-sale of shares worth up to ₹420 crore by selling shareholders.
Proceeds from the fresh issue will be used for repayment of debt, meeting working capital requirements and general corporate purposes.