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Home » » Stallion India Fluorochemicals IPO Date; Price Band | Business News | Stallion India Fluorochemicals IPO will open on January 16: Investors will be able to bid till January 20, minimum investment ₹ 14,850

Stallion India Fluorochemicals IPO Date; Price Band | Business News | Stallion India Fluorochemicals IPO will open on January 16: Investors will be able to bid till January 20, minimum investment ₹ 14,850

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Mumbai1 hour ago

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The initial public offer i.e. IPO of Stallion India Fluorochemicals Limited will open on January 16. Investors will be able to bid for this issue till January 20. The company’s shares will be listed on Bombay Stock Exchange (BSE) and National Stock Exchange (NSE) on January 23.

The company wants to raise a total of ₹199.45 crore through this issue. For this, the company will issue 1,78,58,740 fresh shares worth ₹160.73 crore. Along with this, the existing investors of the company are selling 43,02,656 shares worth ₹ 38.72 crore through Offer for Sale i.e. OFS.

If you are also planning to invest money in it, then we are telling you how much you can invest in it.

What is the minimum and maximum amount that can be invested?

Stallion India Fluorochemicals has set the IPO price band at ₹85-₹90. Retail investors can bid for a minimum of one lot i.e. 165 shares. If you apply for 1 lot at the upper price band of IPO at ₹90, you will have to invest ₹14,850.

Whereas, retail investors can apply for maximum 13 lots i.e. 2145 shares. For this, investors will have to invest ₹ 1,93,050 as per the upper price band.

35% of the issue reserved for retail investors

The company has reserved 50% of the IPO for Qualified Institutional Buyers (QIB). Apart from this, 35% share is reserved for retail investors and the remaining 15% share is reserved for non-institutional investors (NII).

Stallion India Fluorochemicals was established in 2002

Stallion India Fluorochemicals Limited, established in 2002, is in the business of selling refrigerants and industrial gases products. It also works in industries like air conditioner, semiconductor manufacturing, automobile manufacturing, pharma and medical, glass bottle making, aerosol and spray foam.

What is IPO? When a company issues its shares to the general public for the first time, it is called Initial Public Offering i.e. IPO. The company needs money to expand its business. In such a situation, instead of taking loan from the market, the company raises money by selling some shares to the public or issuing new shares. For this the company brings IPO.

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