Stallion India IPO subscription: Totally subscribed inside an hour, retail buyers positioned most bets – INA NEWS

Stallion India Fluorochemicals IPO subscription standing: The IPO of Stallion India Fluorochemicals is receiving a wonderful response from buyers. At the moment, on the primary day of subscription, this subject was absolutely subscribed inside the first hour of opening. The IPO has obtained 5.61 occasions subscription thus far. It has obtained bids for a complete of 8.71 crore shares, whereas there are 1.55 crore shares on provide. This firm sells fridges and industrial gases and their associated merchandise. It intends to lift Rs 199.45 crore via the difficulty.

Stallion India IPO: Categorywise subscription particulars

Certified Institutional Patrons (QIB) – 0.02 occasions

Retail Buyers – 8.04 occasions

Complete – 5.61 occasions

(Jan 16, 2025 | 03:21:00 PM)

About Stallion India IPO

Below the IPO of Stallion India Fluorochemicals, 1.79 crore recent fairness shares price Rs 160.73 crore have been issued. Moreover, 43.02 lakh fairness shares price Rs 38.72 crore are being offered via Provide for Sale (OFS) by promoter Shahzad Sheriar Rustomjee.

Shahzad Sheriar Rustamji holds 94.6 per cent stake in Stallion. On the similar 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 anticipated to occur on January 21. On the similar 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 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 concerning the financials of the corporate, the online 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.

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