Prasol Chemicals Limited announces a ₹5,000 million IPO comprising a ₹800 million fresh issue and a ₹4,200 million offer for sale by 21 selling shareholders.
The IPO is subject to SEBI ICDR Regulations and will be listed on BSE and NSE, with DAM Capital Advisors as the book running lead manager.
A corrigendum discloses a previously omitted regulatory show cause notice from the Deputy Director, Industrial Safety & Health concerning factory safety procedures.
The company's registered office is in Navi Mumbai, Maharashtra, and it was originally incorporated in 1992 as Prachi Poly Products Private Limited.