• Source:JND
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Upcoming IPO: Stallion India Fluorochemicals, a Refrigerant supplier, on Tuesday fixed the price band for its initial public offering (IPO), which will commence on 16 January. In this IPO, its promoter Shahzad Sheriar Rustomjee has raised a fresh issue of 17.8 million shares and an offer for sale (OFS) component of 43.02 lakh shares.

At the upper end of the price band, the IPO size has been pegged at Rs 199.45 crore. The public share issue will close on January 20 and the anchor investor bid will open on January 15, Stallion India Fluorochemicals said in a statement.

Also read: Rikhav Securities IPO To Open On January 15; Check Price Band, Lot Size And Latest Grey Market Premium

The proceeds from this figure will be used for working capital requirements, capital expenditure for its proposed facilities in Maharashtra and Andhra Pradesh, and general corporate purposes.

Stallion India Fluorochemicals is engaged in the sale of refrigerants, industrial gases and related products. The company serves a variety of industries including air conditioning and refrigeration, fire protection, semiconductor manufacturing, automobile manufacturing, pharmaceutical and medical, glass bottle manufacturing, and aerosol and spray foam applications.

Financially, the company posted revenue of Rs 14.79 crore after tax and Rs 233.23 crore from operations in FY2024. Sarthi Capital Advisors is the lead manager running the sole book and PeakShare Services is the registrar of the offering.

Also Read: Rikhav Securities IPO To Open On January 15; Check Price Band, Lot Size And Latest Grey Market Premium

(With Inputs From PTI)