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Today is the second day of bidding for the Initial Public Offer (IPO) of Stallion India Fluorochemicals Limited. This IPO was subscribed a total of 7.15 times on the first trading day. In the retail category, this issue was subscribed the maximum 9.81 times. Along with this, it was subscribed 0.04 times in Qualified Institutional Buyers (QIB) category and 10.41 times in Non-Institutional Investors (NII) category.
The IPO of Stallion India Fluorochemicals has opened tomorrow i.e. on 16th January, for which you will be able to bid till 20th January. The company’s shares will be listed on Bombay Stock Exchange (BSE) and National Stock Exchange (NSE) on January 23.
Company wants to raise ₹199.45 crore through IPO
The company wants to raise a total of ₹ 199.45 crore through this IPO. 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, then you will have to invest ₹ 14,850.
At the same time, 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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