Stallion India Fluorochemicals Ltd. has announced public offering of 24377536 shares at a price of Rs 10.00 each for Cash at a Premium of Rs 80.00 per share. The gross proceeds of the issue are expected to be Rs 21,939.78 lakhs.
The company's initial public offer (IPO) will open on 16 January 2025 and is expected to close on 20 January 2025, subject to customary closing conditions. The price band of the issue has been fixed at Rs 85.00-90.00 per share.
The IPO includes a fresh Issue of 24377536 Equity Shares of the Company at an price of Rs 90.00 per Equity Share. The company has fixed the minimum bid lot for the issue at 165 shares with bids in multiples of 165.
Stallion India Fluorochemicals Ltd. anticipates using the proceeds of the issue for .
Sarthi Capital Advisors Pvt. Ltd. as lead manager & Bigshare Services Pvt. Ltd. is the registrar, to the issue.