Market News
2 min read | Updated on January 22, 2025, 13:05 IST
SUMMARY
Stallion India Fluorochemicals IPO Listing Date: The ₹199.45 crore book-building issue comprised a fresh issuance of ₹160.73 crore and an offer-for-sale (OFS) of ₹38.72 crore by promoter Shazad Sheriar Rustomji.
Stallion India Fluorochemicals IPO mobilised bids for 2,92,22,89,425 shares compared to 1,55,12,978 equity shares on offer, leading to 188.38 times subscription.
The initial share sale mobilised bids for 2,92,22,89,425 shares compared to 1,55,12,978 equity shares on offer, leading to 188.38 times subscription, as per the NSE data.
The demand was led by the non-institutional investors' category, who subscribed a whopping 422.42 times. They submitted applications for 1,40,42,24,085 shares as against 33,24,210 shares reserved.
The qualified institutional buyers' category was booked 172.93 times. They applied for 76,64,65,095 equity shares against 44,32,279 shares on offer.
The retail investors' portion was subscribed 96.90 times as they bid for 75,16,00,245 shares, compared to 77,56,489 set aside for them.
The ₹199.45 crore book-building issue comprised a fresh issuance of ₹160.73 crore and an offer-for-sale (OFS) of ₹38.72 crore by promoter Shazad Sheriar Rustomji.
Objective | Details |
---|---|
Working Capital Requirements | The company will use ₹95 crore for working capital needs |
Capital Expenditure | Around ₹50.32 crore will be used to expand manufacturing facilities |
General Corporate Purposes | A part will be used for corporate general purposes |
Stallion India Fluorochemicals' share listing on the National Stock Exchange (NSE) and the BSE (earlier Bombay Stock Exchange) will take place on Thursday, January 23, at 10 am.
Particulars | FY22 | FY23 | FY24 | H1FY25 |
---|---|---|---|---|
Revenue | ₹185.88 cr | ₹225.50 cr | ₹233.24 cr | ₹140.73 cr |
Net Profit | ₹21.11 cr | ₹9.75 cr | ₹14.79 cr | ₹16.57 cr |
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