New Delhi, Sept. 8 -- Prasol Chemicals IPO has entered its first day of bidding on Tuesday, 8 September. The Rs.500 crore IPO will remain open till 10 September.

The shares of Prasol Chemicals are trading at a grey market premium (GMP) of Rs.55 today, suggesting a potential listing gain of nearly 8% over the upper end of the IPO price band.

Ahead of its IPO launch, Prasol Chemicals raised nearly Rs.150 crore from anchor investors on Monday. According to a circular uploaded on the BSE website, the company allotted 22.19 lakh equity shares to anchor investors at Rs.676 per share, taking the total allocation to Rs.149.99 crore.

The anchor investors comprised Aditya Birla Sun Life Insurance Company, Tata AIA Life Insurance Company, Turnaro...