Stallion India Fluorochemicals is set to open the initial public offering (IPO) for public subscription. The subscription will open on Thursday, January 16, 2025. At the upper end, the company seeks to raise Rs 199.45 crore from the offering. The bidding for anchor investors is scheduled to take place today, Wednesday, January 15, 2025.
Stallion India IPO Schedule
Stallion India IPO will tentatively remain available for public subscription till Monday, January 20, 2025. Following the closure of the subscription window, the basis of allotment of Stallion India IPO shares is expected to be finalised on Tuesday, January 21, 2025.
The successful allottees will receive the company’s shares on Wednesday, January 22, 2025, in their demat accounts. The tentative listing of the Stallion India shares is likely to take place on Thursday, January 23, 2025. The company’s shares will list on BSE and the National Stock Exchange (NSE).
Stallion India IPO Size, Price Band
The offering comprises a fresh issue of 1,78,58,740 equity shares. Additionally, an offer for sale with promoter Shazad Sheriar Rustomji offloading up to 43,02,656 equity shares. IPO will be available at a price band of Rs 85-90 and a lot size of 165 shares. Accordingly, investors can bid for a minimum of 165 shares and in multiples thereof
Stallion India Financial Details
Stallion India’s profit rose to Rs 14.78 crore in FY24, up 51.58 per cent from Rs 9.75 crore reported in FY23.
The company’s revenue from operations jumped to Rs 233.23 crore, up 3.42 per cent from Rs 225.50 crore reported in FY23. The company’s expenses also advanced to Rs 214.95 crore in FY24, up 0.87 per cent from Rs 213.08 crore reported in FY23.
About Company
Stallion India Fluorochemicals also referred to as Stallion is a company based out of Mumbai. The Company incorporated on September 5, 2002. Incorporated by Shazad Sheriar Rustomji, who currently serves as the Chairman & Managing Director and is also one of the promoters of Stallion. The company is in the business of selling refrigerants industrial gases and related products.
Stallion India’s primary business consists of debulking, blending, and processing refrigerants and industrial gases, and selling pre-filled cans and small cylinders/containers. It has four facilities located in Khalapur (Maharashtra), Ghiloth (Rajasthan), Manesar (Haryana), and Panvel (Maharashtra).
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