Laxmi Organics is mentioned as a peer, suggesting that Prasol Chemicals might find some value relative to it, although the comparison is not apples-to-apples due to different chemical varieties.
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Prasol Chemicals IPO | Analysis | GMP | Review
The creator discusses the upcoming IPO of Prasol Chemicals, detailing its business in specialty chemicals and the IPO's structure, noting that a significant portion of the funds raised will go to promoters rather than the company. The creator also touches upon the delisting and relisting of Kanohar Electricals and the regulatory requirements for IPO fund utilization in India.
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The creator explains SEBI regulations regarding IPO fund utilization for main board and SME companies, including reporting requirements to exchanges via credit rating agencies.
Prasol Chemicals is coming out with an IPO from September 8-10 with a price band of 676 and a valuation of 4000 crore, raising 500 crore, of which 420 crore will go to promoters.
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