Stallion India Fluorochemicals IPO: Rs 60 crore raised from anchor buyers, situation will open on January 16 – INA NEWS

Stallion India Fluorochemicals IPO: Stallion India Fluorochemicals has raised Rs 60 crore right now on January 15. The corporate has raised this quantity a day earlier than the opening of the IPO. 6 institutional buyers have invested Rs 59.83 crore by means of Anchor Ebook. This IPO goes to open for subscription on 16 January. The corporate intends to boost Rs 199.45 crore by means of the difficulty. It sells fridges and industrial gases and associated merchandise.

“66.48 lakh fairness shares have been allotted to anchor buyers at a worth of Rs 90 per fairness share,” the corporate stated in an change submitting. The six anchor buyers collaborating within the anchor e-book embody Cent Capital Fund, Ashika World Securities, Craft Rising Markets Fund, Mint Targeted Development Fund, Ashika India Choose Fund and Main Mild Fund.

About Stallion India Fluorochemicals IPO

The value band of Rs 85-90 per share has been mounted for the IPO. Traders could have the chance to spend money on it until January 20. The corporate’s shares might be listed on BSE and NSE. Underneath the IPO of Stallion India Fluorochemicals, 1.79 crore contemporary fairness shares price Rs 160.73 crore might be issued. Moreover, 43.02 lakh fairness shares price Rs 38.72 crore might be bought by means of 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 situation will open for someday on January 15 for anchor buyers. After subscription, allotment of shares to profitable buyers is anticipated to occur on January 21. On the identical time, the possible date for itemizing of the corporate’s shares is January 23.

Stallion India Fluorochemicals Enterprise

Stallion India Fluorochemicals was established in September 2002. This Mumbai-based firm will compete with listed companies 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 12 months 2024 elevated by 51.6 p.c to Rs 14.8 crore as in comparison with the earlier 12 months. 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 12 months ending March 2024, in comparison with Rs 225.5 crore in FY23. Whereas, within the monetary 12 months 2022, the income was recorded at Rs 185.9 crore.

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