Stallion India IPO is all set to offer its shares to investors. The company will start the bidding process on January 16 and end it on January 20. Here’s all you need to know about the issue before it opens:
Stallion India IPO size
The company aims to raise almost Rs 200 crore from the primary market. It will raise capital through a combination of fresh shares and an offer for sale. It will sell 1.79 crore fresh shares to mobilise Rs 160.73 towards the company. Meanwhile, the offer for sale of 0.43 crore shares aggregating Rs 38.72 crore will go to the selling promoters and other shareholders.
Stallion India IPO price band, allotment, and listing
The company set the IPO price band from Rs 85 to Rs 90 per equity share. Stallion India is expected to finalise the share allotment on January 21. The listing on the bourses – NSE and BSE – is likely to be on January 23.
Stallion India IPO investment requirement
A retail investor needs to apply for a minimum of one lot containing 165 shares, amounting to Rs 14,850. The minimum investment required for an NII is Rs 2,07,900. A big NII needs to bid for at least 68 lots, amounting to Rs 10,09,800.
About Stallion India Fluorochemicals
Stallion India Fluorochemicals sells refrigerants, industrial gases, and related products. Its primary business includes debulking, blending, and processing refrigerants and industrial gases. The company also sells pre-filled cans and small cylinders/containers. It has four plants, two in Raigad (Maharashtra), one in Alwar (Rajasthan), and one in Gurugram (Haryana).
Lead managers
Sarthi Capital Advisors is the sole book-running lead manager of the IPO, while Bigshare Services is the registrar for the issue.
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