What is IPO?
When a company issues its shares to the general public for the first time, it is called Initial Public offering i.e. IPO.The company needs money to expand its business. In such a situation, instead of taking loan from the market, the company raises money by selling some shares to the public or issuing new shares. For this the company brings IPO.
The Initial Public Offer (IPO) of Stallion India Fluorochemicals Limited will open on 16 January, 2025.
Investors will be able to bid for this issue till January 20. The company’s shares will be listed on Bombay Stock Exchange (BSE) and National Stock Exchange (NSE) on 23 January 2025.
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 i.e. OFS.
Important Dates:
Price Band
IPO Opening Date
IPO Closing Date
Share Allotment
Refund
Share Credit in Demat Account
Listing Date of Share
85-90 Rupees
16 January 2025
20 January 2025
21 January 2025
22 January 2025
22 January 2025
23 January 2025
Note: These dates are given tentative, there may be changes.
If You all are planning to invest money in this IPO, then I am going to tell you how much you can invest in it.
How much Minimum and Maximum amount can Invest in IPO
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, then you will have to invest ₹ 14,850.
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.
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. It also works in industries like air conditioner, semiconductor manufacturing, automobile manufacturing, pharma and medical, glass bottle making, aerosol and spray foam.