The Prasol Chemicals IPO entered Day 2 of bidding after garnering 41% subscription on the first day. Priced at Rs 643–676 per share, the Rs 500 crore issue carries a grey market premium of Rs 30, implying around 4% upside. Anand Rathi has assigned a “Subscribe for Long Term” rating to the issue.
The Prasol Chemicals IPO entered Day 2 of bidding after garnering 41% subscription on the first day. Priced at Rs 643–676 per share, the Rs 500 crore issue carries a grey market premium of Rs 30, implying around 4% upside. Anand Rathi has assigned a “Subscribe for Long Term” rating to the issue.
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