Prasol Chemicals IPO Allotment Status: Check Online via KFin Technologies, BSE & NSE

Prasol Chemicals IPO allotment is scheduled for Friday, 11 September 2026. This guide explains when allotment should be visible, where to check it, and what happens after allotment.

Key Takeaways

• Allotment date: expected to be finalised on Friday, 11 September 2026.
• Registrar: KFin Technologies Ltd. — check status there first, or via BSE/NSE.
• Listing date: tentatively set for Wednesday, 16 September 2026 on both BSE and NSE.
• Price band and lot size: ₹643–₹676 per share, in lots of 22 shares.
• Issue structure: a ₹500 crore issue combining an ₹80 crore fresh issue and a ₹420 crore offer for sale by several promoters.
• Use of proceeds: the fresh-issue portion repays company borrowings; the large OFS portion pays the selling promoters, not the company.

Prasol Chemicals IPO: Key Details at a Glance

What Is the Prasol Chemicals IPO Timeline?

When Will Prasol Chemicals IPO Allotment Be Out?

Prasol Chemicals IPO bidding closes on Thursday, 10 September 2026. Under SEBI’s standard timeline, the registrar is expected to finalise the basis of allotment the next working day — Friday, 11 September 2026. Refunds for non-allottees (ASBA amounts unblock automatically; other payment modes receive an actual refund) and the credit of shares to allottees’ demat accounts are expected on Tuesday, 15 September 2026, later than a simple weekend adjustment would suggest, since the exchanges’ trading and settlement calendar around 12–14 September 2026 (the weekend plus a market holiday) pushes these steps out by an extra working day. Listing on BSE and NSE is tentatively set for Wednesday, 16 September 2026.

How to Check Prasol Chemicals IPO Allotment Status

Method 1: Via KFin Technologies Ltd. (Registrar)

KFin Technologies Ltd. is the official registrar for this IPO and the fastest source for allotment data, since it manages the process directly.

• Visit the KFin Technologies Ltd. IPO allotment status page.
• Select “Prasol Chemicals Limited” from the company dropdown.
• Choose your verification method — PAN, Application Number, or DP/Client ID.
• Enter the details and submit to view your allotment status.

Method 2: Via BSE

• Visit the BSE Application Status Check page.
• Select “Prasol Chemicals Limited” as the issue name.
• Enter your Application Number and PAN.
• Submit to view your status. Data stays available on BSE for about a week after issue closure.

Method 3: Via NSE

• Visit NSE’s bid verification page.
• Complete one-time registration with your PAN if you haven’t already.
• Select “Prasol Chemicals Limited” and view your application status.

How Is the Basis of Allotment Decided?

The basis of allotment follows SEBI’s standard framework and is the same across mainboard IPOs, including Prasol Chemicals. In the retail category, if the issue is oversubscribed, allotment is done through a computerised lottery (draw of lots), so each successful applicant gets at least one full lot rather than a partial allocation. In the NII and QIB categories, allotment is proportionate to the shares bid for, subject to the rounding rules the registrar applies when a category is oversubscribed.

What Happens If You’re Not Allotted Shares?

If you don’t receive an allotment in the Prasol Chemicals IPO, the ASBA amount blocked in your bank account is unblocked automatically; no separate refund request is needed. This is expected around Tuesday, 15 September 2026, the same day allotted shares are credited to successful applicants’ demat accounts. If you applied through a payment mode other than ASBA, the actual refund follows the same timeline.

What Will Prasol Chemicals Do With the IPO Proceeds?

Prasol Chemicals’ IPO combines an ₹80 crore fresh issue with a ₹420 crore offer for sale, and the two pools of money go to very different places. The fresh issue proceeds go to the company: per the RHP, up to ₹60 crore from the net proceeds will be used for the repayment or prepayment of outstanding borrowings, with the remaining balance allocated for general corporate purposes. The ₹420 crore offer-for-sale portion, by contrast, doesn’t fund the company at all; it goes directly to the selling shareholders, all of them company promoters: Usha Rajnikant Shah, Tushar Natverlal Dharia (HUF), Gaurang Natwarlal Parikh (HUF), Bhisham Kumar Gupta, and Nishith Rasiklal Dharia.

What is Prasol Chemicals Limited?

Prasol Chemicals, headquartered in Navi Mumbai (Khairne MIDC), is a speciality chemicals manufacturer. The company’s revenue grew 22%, and profit after tax rose 91% between FY2025 and FY2026. Prasol has ten named promoters, a mix of the Shah, Parikh, Dharia, and Gupta families, reflecting a business built up over time by multiple founding families rather than a single individual, and several of them are partially cashing out via the IPO’s offer-for-sale component while the promoter group retains a large majority stake after listing.

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