Stallion India Fluorochemicals IPO: The IPO of Stallion India Fluorochemicals closed yesterday, January 20. The IPO of this company related to the business of refrigerant and industrial gas was opened on Thursday, January 15. This IPO has received tremendous support from investors. According to NSE data, the IPO of Stallion India Fluorochemicals has received a total subscription of 188.38 times. Let us tell you that Stallion India Fluorochemicals is raising a total of Rs 199.45 crore from its IPO. Under its IPO, the company had fixed the price band of Rs 85 to Rs 90 for each share.
The company will be listed in the stock market on January 23.
This is a mainboard IPO, which will be listed on BSE and NSE. A total of 2,21,61,396 shares with face value of Rs 10 will be issued under this IPO. There will be 1,78,58,740 fresh shares worth Rs 160.73 crore while 43,02,656 shares worth Rs 38.72 crore will be issued by the promoters of the company through OFS. Under this IPO, investors will be allotted shares today. Applicants who do not get shares will be refunded on Wednesday. On Wednesday itself, the shares will be credited to the demat accounts of the investors and finally on January 23, the company will be listed in the stock exchange.
No change seen in GMP today
The company’s IPO has received tremendous support from investors. However, looking at the subscription, the company’s shares are not getting the kind of price that was expected in the gray market. On Tuesday, January 21, shares of the company are trading with a GMP of Rs 48 (53.33%) in the gray market. However, even on January 15, the GMP of the company’s shares was only Rs 48. But since then till now, there have been a lot of fluctuations in its GMP. Not only this, till the time of listing, the company may see further fluctuations in its GMP price.
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