As the markets look to find some stability post the early debacle, new entities are looking to find their space with their Initial Public Offer or IPO. One of the mainboard companies to offer their IPO this week is Stallion India Fluorochemicals Ltd. This company will issue its IPO on Thursday, January 16.
A Little About The Company
Stallion India Fluorochemicals Ltd. is a Mumbai-based company that was founded in 2002. The company has been in business for over 22 years and deals with refrigerant and industrial gases and related products.
The company's main business includes debulking, which is the process of compacting a dry fibrous reinforcement prior to resin infusion, blending and processing Refrigerant and Industrial gases.
Furthermore, it sells pre-filled cans.
The Number Game
The company has a book built issue of Rs 199.45 crore. The IPO shares have a face value of Rs 10 per share. It has a price band of Rs 85 to Rs 90.
It has a total issue size of 2,21,61,396 shares, amounting up to Rs 199.45 crore. The fresh issue size is 1,78,58,740, which amounts to Rs 160.73 crore.
Stallion IPO's minium retail bid for 1 lot, with a total of 165 shares amounts Rs 14,850. The minimum lot size for high-net-worth Individuals or HNIs would be Rs 2,07,900 for 14 lots of 2,310 shares.
The company website, as per SEBI norms.
Dates To Remember
The IPO will go up on Thursday, January 16. The offer will close next week on Monday, January 20. The basis of allotment will happen on Tuesday, January 21.
The shares will credited to Demat accounts on Wednesday, January 22. The tentative list of the IPO's listing is expected to be next week, on Thursday, January 23.
Additional Details
The company is based out of Mumbai's northern suburb, Malad. The company promoters include Manisha Shazad Rustomji, Rohan Shazad Rustomji and Shazad Sheriar Rustomji. The shareholding post the IPO will go down to 67.90 per cent from the current 94.63 per cent.
