Prasol Chemicals Recovers From Discount Listing to Hit Upper Circuit; Kanohar Electricals, Glass Wall Systems Extend Debut Gains

Generic user silhouette icon 5paisa Capital Ltd - 0 min read

Last Updated: 17th September 2026 - 11:57 am

Three newly listed companies saw strong trading interest on their market debut on Wednesday, September 16, although their first day on the bourses unfolded quite differently. 

Prasol Chemicals had the most dramatic turnaround. The speciality chemicals manufacturer entered the market below its IPO price, listing at ₹611 on the BSE against an issue price of ₹676 a discount of 9.61%. 

The weak opening did not last. Buying picked up as the session progressed and the stock eventually hit its 10% upper circuit. On the NSE, Prasol Chemicals finished the day at ₹671 per share. 

Kanohar Electricals had a firmer start. The transformer manufacturer listed at ₹672.05 on the BSE, 6.33% above its ₹632 issue price. Its NSE debut was stronger at ₹685.50, representing an 8.46% premium. 

The stock continued to move higher after listing and closed at ₹751.50 on the NSE. At that level, Kanohar Electricals was 19.30% above its issue price and had gained 10% from its debut price. 

Glass Wall Systems (India) also capitalized on its gains in the first day of trading. The company opened at ₹190.10 on the BSE, which is higher by 4.45% than its issue price of ₹182. 

On the NSE, the share opened at ₹194, higher by 6.59% than the issue price. The share price rose during the trading and ended the day at ₹214.85, rising by 18.68% against the issue price and by 11.34% above the debut price. 

At the end of their first day of trading, all three shares had risen above the open price. Prasol Chemicals rebounded from its discounted debut to hit the upper circuit, while Kanohar Electricals and Glass Wall Systems rose from the premiums registered when they listed. 

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