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Stallion India Fluorochemicals Limited IPO Opens On January 16, 2025
Mumbai (Maharashtra) [India], January 15: Stallion India Fluorochemicals Limited specializes in the sale of refrigerant and industrial gases, proposes to open its Initial Public Offering on January16, 2025. The company aims to raise ₹ 199.45 crore, which will be listed on the BSE and NSE platform. The issue size is 2,21,61,396 equity shares at a [...]
Mumbai (Maharashtra) [India], January 15: Stallion India Fluorochemicals Limited specializes in the sale of refrigerant and industrial gases, proposes to open its Initial Public Offering on January16, 2025. The company aims to raise ₹ 199.45 crore, which will be listed on the BSE and NSE platform.
The issue size is 2,21,61,396 equity shares at a face value of ₹10 each with a price band of ₹ 85 – ₹ 90 Per Share.
Equity Share Allocation
- Anchor Portion: Up to 66,48,418 Equity Shares
- QIB Portion: Not More than 44,32,279 Equity Shares(Net off Anchor Portion)
- Non-Institutional Investors: Not Less than 3,324,210Equity Shares
- Retail Individual Investors: Not Less than 7,756,489Equity Shares
The net proceeds from the IPO will be utilized by the company for funding incremental working capital requirements, funding capital expenditure requirements for its semiconductor and specialty gas debulking and blending facility in Khalapur, Maharashtra, funding capital expenditure requirements for its refrigerant debulking and blending facility in Mambattu, Andhra Pradesh, and for general corporate purposes. The anchor bidding will open on January15, 2025 and issue will close on January 20, 2025.
