Stallion India Fluorochemicals Files IPO Papers with SEBI to Raise Funds for Expansion

Stallion India Fluorochemicals IPO: Stallion India Fluorochemicals, a leading supplier of refrigerants and gases, has taken a significant step towards its growth and expansion plans by filing preliminary papers with the Securities & Exchange Board of India (SEBI) for an initial public offering (IPO). The IPO comprises a fresh issue of up to 1.78 crore equity shares and an offer-for-sale (OFS) component of up to 43.02 lakh shares by its promoter, Shazad Sheriar Rustomji, according to the Draft Red Herring Prospectus (DRHP).

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The primary purpose of raising funds through this IPO is to meet the company’s working capital requirements, support capital expenditure for its proposed facilities in Maharashtra and Andhra Pradesh, and address general corporate needs. This strategic move underscores Stallion India Fluorochemicals’ commitment to expanding its presence in the refrigerants and gases market.

Stallion India Fluorochemicals is known for its expertise in supplying refrigerants and various gases to a wide range of clients, catering to both bulk and small cylinder/container requirements. The company boasts extensive experience in large-scale Fluorochemicals debulking bottling and distribution.

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The IPO will enable investors to be part of the company’s growth journey, and the shares are proposed to be listed on both the National Stock Exchange (NSE) and the Bombay Stock Exchange (BSE).

Stallion India Fluorochemicals IPO

Sarthi Capital Advisors has been appointed as the sole book running lead manager for the IPO, responsible for overseeing the offering, while Bigshare Services will serve as the registrar to the issue, managing the share allotment process.

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The filing of IPO papers with SEBI marks a significant milestone in Stallion India Fluorochemicals’ expansion plans, and the company is set to provide opportunities for investors to participate in its future growth and success.

Disclaimer: This news report is based on the information available at the time of the filing of IPO papers with SEBI and is subject to regulatory approvals and market conditions.

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