Stallion India Fluorochemicals, Shree Tirupati Balajee Agro Trading Submit IPO Papers to SEBI
Know the Story:
Stallion India Fluorochemicals and Shree Tirupati Balajee Agro Trading have submitted draft red herring prospectuses to SEBI for their IPOs. Stallion's IPO includes a fresh issue of 1.78 crore shares and an offer for sale (OFS) of over 43 lakh shares. The company plans to utilize the proceeds for various purposes, including working capital and capital expenditure. On the other hand, Shree Tirupati Balajee Agro Trading's IPO comprises 1.47 crore equity shares and an OFS of 56.9 lakh shares. Both companies operate in different sectors and seek to list their shares on the BSE and NSE.Key Points:
- Stallion India Fluorochemicals, Shree Tirupati Balajee Agro Trading Submit IPO Papers to SEBI
- Stallion's IPO includes a fresh issue of 1.78 crore shares and an OFS of over 43 lakh shares.
- Proceeds from Stallion's IPO will be utilized for working capital and capital expenditure.
- Shree Tirupati Balajee Agro Trading's IPO comprises 1.47 crore equity shares and an OFS of 56.9 lakh shares.
- Funds from Shree Tirupati's IPO will be used for debt repayment and working capital.
- Both companies operate in different sectors: Stallion in fluorine chemicals and Shree Tirupati in agro trading.
- Both IPOs seek to list shares on the BSE and NSE.
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