Specialty chemical maker plans to raise Rs 800 crore through IPO

Prasol Chemicals IPO: Specialty chemicals company Parasol Chemicals has filed preliminary documents with the Securities and Exchange Board of India (SEBI) to raise Rs 800 crore through Initial Public Offer (IPO). Under the proposed IPO, the company will issue fresh shares worth Rs 250 crore and offer for sale (OFS) of 90 lakh equity shares by existing shareholders, according to the draft Red Herring Prospectus (DRHP).