Stallion India Fluorochemicals IPO oversubscribed
The initial public offering (IPO) of Mumbai-based Stallion India Fluorochemicals was fully subscribed on Monday. The company aimed to raise INR 199.45 crore through the IPO.The IPO is a combination of a fresh equity sale worth Rs 160 crore and an offer for sale (OFS) of 43 lakh shares. Stallion India Fluorochemicals is offering its shares at INR 85-90 apiece.Stallion India Fluorochemicals is engaged in the business of selling refrigerant and industrial gases and related products. Its primary business includes debulking, blending and processing refrigerant and industrial gases, and selling of pre-filled cans and small cylinders.
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