Stallion India Fluorochemicals IPO: The initial public offer (IPO) of Stallion India Fluorochemicals Limited will open on 16 January Investors will be able to bid for this issue till 20 January . The company’s shares will be listed on Bombay Stock Exchange (BSE) and National Stock Exchange (NSE) on 23 January.
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Stallion India Fluorochemicals IPO
The company wants to raise a total of ₹199.45 crore through this issue. For this, the company will issue 1,78,58,740 fresh shares worth ₹160.73 crore. Along with this, the existing investors of the company are selling 43,02,656 shares worth ₹ 38.72 crore through Offer for Sale (OFS).
What is the minimum and maximum amount that can be invested? Stallion India Fluorochemicals has set the IPO price band at ₹85-₹90. Retail investors can bid for a minimum of one lot i.e. 165 shares. If you apply for 1 lot at the upper price band of IPO at ₹90, you will have to invest ₹14,850.
About Stallion India Fluorochemicals IPO GMP
- IPO opening – 16 January
- IPO closing – 20 January
- Share allotment – 21 January
- Refund. – 22 January
- Share credited for demart account – 22 January
- Listing on the share market. – 23 January
- price band. – 85 to 90 rs.
- IPO size. – 199.45 crore.
- 1.78 crore new shares will be issued in the IPO.
Apart from this, an offer for sale (OFS) of 43.02 lakh shares will be brought by promoter Shahzad Sheriar Rustamji.He holds 94.6 percent stake in Stallion India. At the same time, Geetu Yadav holds 5.37 percent stake as a public shareholder.
Whereas, retail investors can apply for maximum 13 lots i.e. 2145 shares. For this, investors will have to invest ₹ 1,93,050 as per the upper price band. According to the investorgain.com Stallion India Fluorochemicals IPO is available in the gray market at a premium of Rs 21.
This means that the company’s shares can be listed at Rs 111. This means that this stock can make a profit of up to 24% on the very first day. The company’s shares may be listed on January 23. This share can be listed on BSE and NSE.
35% of the Issue Reserved for Retail Investors
The company has reserved 50% of the IPO for Qualified Institutional Buyers (QIB). Apart from this, 35% share is reserved for retail investors and the remaining 15% share is reserved for non-institutional investors (NII).
About the Company
- Stallion India Fluorochemicals Limited, established in 2002, is in the business of selling refrigerants and industrial gases products.
- The company also works in industries like air conditioner, semiconductor manufacturing, automobile manufacturing, pharma and medical, glass bottle making, aerosol and spray foam.
Financial Performance of the Company
Stallion India net profit increased by 51.6 percent to Rs 14.8 crore in FY 2024 compared to last year. Revenue increased by 3.4 percent during the financial year ending March 2024. It reached Rs 233.2 crore. In FY 2023 it was Rs 225.5 crore.
At the same time, the revenue in financial year 2022 was Rs 185.9 crore.corporate planning Stallion India Fluorochemicals Ipo will use Rs 95 crore of the IPO proceeds to meet incremental working capital requirements.
Also, Rs 50.3 crore will be used for capital expenditure at Semi-conductor and Specialty Gas Debulking and Blending Facility (Khalapur) and Refrigerant Debulking and Blending Facility (Mam battu, Andhra Pradesh). The remaining funds will be used for general corporate functioning.
Jay Chavda He is the Founder and Writer of businesspulsecare.com. He is an I.T Engineer, Freelancer, Businessman. He posts Business, Stock/Share Market, Finance Related News and updates on the website. 🔗