Stallion India Fluorochemicals IPO: 10 key points to consider before ₹199.45 crore offer opening

Stallion India Fluorochemicals IPO: The initial public offer of refrigerants supplier Stallion India Fluorochemicals will open for public subscription on Thursday, January 16. The price band has been fixed at ₹85 to ₹90 per share. The company's shares are expected to make a secondary market debut on Thursday, January 23.

Stallion India Fluorochemicals IPO: 10 key points to know

• Stallion India Fluorochemicals IPO subscription period: The initial share sale will open on January 16 and conclude on January 20.
• Anchor investors' bidding: The bidding for anchor investors will be open for a day on Wednesday, January 15.
• IPO offer structure: The ₹199.45 crore issue is a mix of fresh issuance of 1.79 crore equity shares valued at ₹160.73 crore and an offer-for-sale (OFS) worth ₹38.72 crore.
• Stallion India Fluorochemicals IPO price band: The price range for the offer has been set at ₹85 to ₹90 per equity share.
• Reservation: The company has reserved 50% of the net offer for qualified institutional buyers, 35% for retail investors and the remaining 15% for non-institutional investors.
• Stallion India Fluorochemicals IPO lot size: Retail investors can apply for a minimum of 165 shares. The investment requirement is ₹14,850.
• Objectives: The proceeds from the issue will be used to fund incremental working capital needs, capital expenditure requirements for semi-conductor and speciality gas debulking and blending facility, and refrigerant debulking and blending facility. A portion will also be used for general corporate purposes.
• Book-running lead manager and registrar: The book running lead manager for the IPO is Sarthi Capital Advisors Pvt Ltd, while the registrar is Bigshare Services Pvt Ltd.
• Stallion India Fluorochemicals IPO allotment date: The basis of allotment is expected to be finalised on January 21.
• Stallion India Fluorochemicals IPO listing date: Shares will be listed on the NSE and the BSE on January 23.

Stallion India Fluorochemicals is involved in the sale of refrigerants and industrial gases. It serves various industries, including air-conditioning and refrigeration, semi-conductor manufacturing, firefighting, automobile manufacturing, glass bottle manufacturing, aerosols, pharmaceuticals and medicals, and spray foam applications.

Stallion India Fluorochemicals financials