IPO: The IPO of Stallian India Fluorochemicals was opened on 15 January and closed on 20 January. The IPO of this company related to refrigerant and industrial gas business got tremendous support from investors. The IPO of Stallian India Florocamicals received a total subscription of 188.38 times. Under its IPO, the company had fixed the price band of Rs 85 to Rs 90 for each stock and allotted shares to investors at a price of Rs 90. The company was listed on both the major exchanges BSE and NSE of the Indian stock market on 23 January.
Company shares were listed at a price of Rs 120
Stallian India Florocamicals shares were listed at Rs 120 with a premium of Rs 30 (33.33 percent) on BSE. But due to the continuous fall in the market, the company’s shares have become bad. Today, on March 3, the company’s shares have come down by about Rs 28.17 from its issue price and Rs 58.17 from its listing price. Stallian India Florochemicals shares were trading at Rs 61.83 at Rs 61.83 at 10.09 am on Monday at Rs 61.83.
Share price reached a level of Rs 125.99
Last week, the company’s shares closed at Rs 64.41 on Friday at a price of Rs 66.01 today and reached the Intrade High of Rs 67.00. However, the company’s shares also started declining amid the decline in the market after the business started. By the time the news was written, the company’s shares had reached Intrade Low of Rs 61.09. According to BSE data, Stallian India Fluorochemicals shares have 52 weeks high 125.99 rupees and its 52 week is Rs 61.09. This simply means that the company’s shares have fallen below Rs 64.16 from their 52 weeks high.
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