Stallion India Fluorochemicals IPO: Concern will open on January 16, all particulars from value band to enterprise – INA NEWS

Stallion India Fluorochemicals IPO: The IPO of Stallion India Fluorochemicals is scheduled to open for subscription on January 16. This firm sells fridges and industrial gases and their associated merchandise. The corporate intends to boost Rs 199.45 crore via the difficulty. For this, a value band of Rs 85-90 per share has been fastened. Traders can have the chance to take a position on this IPO until January 20. The corporate’s shares will likely be listed on BSE and NSE. This IPO goes to return amid an enormous fall within the inventory market.

About Stallion India Fluorochemicals IPO

Below the IPO of Stallion India Fluorochemicals, 1.79 crore contemporary fairness shares value Rs 160.73 crore will likely be issued. Moreover, 43.02 lakh fairness shares value Rs 38.72 crore will likely be offered via Provide for Sale (OFS) by promoter Shahzad Sheriar Rustomjee.

Shahzad Sheriar Rustamji holds 94.6 per cent stake in Stallion. On the identical time, Geetu Yadav holds 5.37 p.c stake as a public shareholder. This public subject will open for someday on January 15 for anchor buyers. After subscription, allotment of shares to profitable buyers is predicted to happen on January 21. On the identical time, the possible date for itemizing of the corporate’s shares is January 23.

Half of the supply measurement has been reserved for certified institutional consumers, 15 per cent for non-institutional buyers and the remaining 35 per cent for retail buyers. The only real e-book operating lead supervisor for the general public subject is Sarathi Capital Advisors.

The place will Stallion India Fluorochemicals use the funds?

Stallion India Fluorochemicals intends to make use of Rs 95 crore of the IPO proceeds for incremental working capital wants. Moreover, Rs 50.3 crore will likely be utilized for capital expenditure necessities for Semi-conductor and Specialty Fuel Debulking and Mixing Facility (Khalapur) and Refrigerant Debulking and Mixing Facility (Mambattu, Andhra Pradesh). The remaining funds will likely be used for normal company functions.

Stallion India Fluorochemicals Enterprise

Stallion India Fluorochemicals was established in September 2002. This Mumbai-based firm will compete with listed corporations like Naveen Fluorine Worldwide, SRF and Gujarat Fluorochemicals. This firm primarily offers with debulking, mixing and processing of refrigerants and industrial gases. Together with this, it additionally sells pre-filled cans and small cylinders or containers.

Financials of Stallion India Fluorochemicals

Speaking in regards to the financials of the corporate, the web revenue within the monetary yr 2024 elevated by 51.6 p.c to Rs 14.8 crore as in comparison with the earlier yr. However in FY 2023, it declined by 53.8 p.c to Rs 9.8 crore as in comparison with FY 2022. Income grew by 3.4 per cent to Rs 233.2 crore for the yr ending March 2024, in comparison with Rs 225.5 crore in FY23. Whereas, within the monetary yr 2022, the income was recorded at Rs 185.9 crore.

Disclaimer: The data supplied right here is being supplied for info solely. You will need to point out right here that investing out there is topic to market dangers. As an investor, all the time seek the advice of an professional earlier than investing cash. Moneycontrol by no means advises anybody to take a position cash right here.