IPO Synopsis

Prasol Chemicals Ltd
Registered Office: Plot No A-17/2/3,TTC Indl Area Khairne MIDC,Navi Mumbai-400710, Maharashtra
Tel. No: 91-022-27782555
Fax No: 91-022-27782430
Email: accounts@prasolcehm.com
Website:
Initial public offering of up to [*] equity shares of face value of Rs. 2 each ("Equity Shares") of the company for cash at a price of Rs. [*]* per equity share (including a share premium of Rs. [*] per equity share) ("Offer Price") aggregating up to Rs. [*] crores (the "Offer") comprising a fresh issue of up to [*] equity shares aggregating up to Rs. 250.00 crores by the company ("Fresh Issue") and an offer for sale of up to 9,000,000 equity shares aggregating up to Rs. [*] crores by the selling shareholders referred to in annexure a (the "Selling Shareholders" and such offer, the "Offer for Sale"). The offer will constitute [*]% of the post-offer paid up equity share capital of the company. The company, in consultation with the book running lead managers, may consider a further issue of equity shares, for a cash consideration aggregating up to Rs. 50.00 crores, subject to receipt of requisite approvals ("pre-ipo placement"). The pre-ipo placement, if undertaken, will be at a price to be decided by the company, in consultation with the book running lead managers, and the pre-ipo placement will be completed . If the pre-ipo placement is undertaken, the amount raised from the pre-ipo placement will be reduced from the fresh issue, subject to compliance with rule 19(2)(b) of the securities contracts (regulation) rules, 1957, as amended ("scrr"). The face value of the equity share is Rs. 2 each and the offer price is [*] times the face value of the equity shares. The price band, and the minimum bid lot will be decided by the company.
Issue Money Payable On
Opens On Closes On Application Allotment
01-Jan-1970 01-Jan-1970 ₹0.00 - 0.00 ₹0.00 - 0.00
Minimum Application for shares in Nos : 0 Further Multiples of :0
(₹ Cr) Lead Managers to the Issue
Project Cost 0.00 DAM Capital Advisors Ltd
Project Financed through Current Offer 0.00 JM Financial Ltd
Post Issue Equity Share Capital 0.00
Issue Price 0.00
Projects
Repayment/prepayment, in full or part, of certain borrowings availed by the company
Funding working capital requirements of the company
General corporate purposes
Promoted By
Nishith Rajnikant Shah
Gaurang Natwarlal Parikh
Dhaval Nalin Parikh
Listing At
BSE
NSE
Registrar To The Issue