Stallion & Tirupati Balajee Trading Seeks SEBI IPO Approval for Fundraising
In order to raise funds through initial public offerings, Stallion India Fluorochemicals Ltd. And Shree Tirupati Balajee Agro Trading Company have submitted preliminary documents to the capital markets regulator SEBI.
Both the organizations' proposed Initial public offerings are a mix of a new issue of value shares and a proposal available to be purchased (OFS) by advertisers, as per the organization’s individual draft distraction outline (DRHP) recorded.
The IPO of Stallion India Fluorochemicals, based in Maharashtra, includes an OFS of over 43 lakh equity shares and a fresh issue of 1.78 crore equity shares by promoter Shazad Sheriar Rustomji.
Continues from the new IPO issue after SEBI nod will be utilized to subsidize the functioning capital necessities of the organization, financing capital use prerequisites for its office in Maharashtra and backing capital consumption necessities for refrigerant debulking and mixing office in Andhra Pradesh.
Stallion India Fluorochemicals is occupied with selling refrigerant gases, modern gases and related items. The sale of pre-filled cans and the debulking, blending, and processing of industrial gases and refrigerant are the primary lines of business for the company.
The Madhya Pradesh-based firm expressed assets from the new issue will be used for reimbursement of obligation and to help the functioning capital necessities of the organization and auxiliaries.
Shree Tirupati Balajee Agro Trading Company manufactures and sells large flexible bags known as Flexible Intermediate Bulk Containers (FIBCs) in addition to woven sacks and woven fabrics and other industrial packaging products.
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