Stallion India Fluorochemicals Ltd. makes a strong debut on the bourses with scrip got listed at Rs 120.00 on the Bombay Stock Exchange, a 33.33 per cent premium to its issue price of Rs 90.00. On the National Stock Exchange, the stock was listed at Rs 120.00.
The company, which raised 2.44 Cr from initial public offering, was subscribed 0 times, receiving bids for 0 lakhs shares against the total issue size of 243.78 lakhs shares.
The company, listed under T Group Securities post its IPO, opened for subscription from Jan 16 to Jan 20.
Following a strong opening, the scrip touched an intraday high of Rs [BSEHighPrice] and a low of Rs [NSEHighPrice], before closing the session [UpDown] by [ChangePer] per cent to its listing price at Rs [ClosingPriceBSE] on the BSE.
The company anticipates using the proceeds of the issue for .
Sarthi Capital Advisors Pvt. Ltd. as lead managers & Bigshare Services Pvt. Ltd. is the registrar, to the issue.
Meanwhile, the broader benchmark BSE Sensex closed trade at 76,404.99, up 566.63 points, or 0.74 per cent.