Kolkata: That Stallion India IPO managed to evince significant investor interest is indicated by a few factors. One, the issue was fully subscribed within hours of opening. By the end of January 16 — the first day of bidding — the issue was subscribed 7.16 times overall with retail applications at 9.38 times the amount earmarked for them. The sNII investors bid 15.43 times of their quota while bNIIs applied for 7.91 times. A day before the bid opened the Stallion India mopped up nearly Rs 60 crore from anchor investors.
Stallion India IPO is a mainboard issue that is designed to raise Rs 199.45 crore from the market. The issue is a combination of fresh issue of 1.79 crore shares aggregating to Rs 160.73 crores and offer for sale of 0.43 crore shares aggregating to Rs 38.72 crores. Stallion India IPO bidding opened for subscription on January 16, 2025 and will close on January 20, 2025. The allotment of shares for Stallion India IPO will take place on Tuesday, January 21, 2025. The shares will list on BSE and NSE on Thursday, January 23, 2025. January 22 has been scheduled as the date to refund application money to unsuccessful applicants. Successful applicants will get shares credit to their demat accounts on the same day.
Stallion India IPO GMP
The GMP of Stallion India IPO was recorded at Rs 38 at the end of the day on January 16, the first day of bidding. It was a drop from Rs 48 recorded on June 15 by investorgain. Considering a price band of Rs 85-90, the GMP of Rs 38 signals a listing price of Rs 128, which should fetch a listing gain of 42.22%. However, it must be remembered that GMP is an unofficial indicator that does not guarantee listing gain or loss. It also changes with time.
Stallion India IPO price band, lot size
The face value of a Stallion India share is Rs 10. The price band has been determined at Rs 85-90. A retail investor can apply for a minimum lot of 165 shares with for an application money of Rs 14,850. For the sHNI category of investors the minimum application money is Rs 2,07,900 and that for big HNIs it is Rs 10,09,800. Sarthi Capital Advisors has been appointed as the book running lead manager while Bigshare Services is the registrar for the issue.
Stallion India Fluorochemicals (that’s the full name of the company) was set up in 2002. It deals in gases that are described under the umbrella of fluorochemicals – a category of gases used chiefly as refrigerants – that are used in semiconductor industry, automobiles, electronics, pharmaceuticals, fire extinguishers, spray foam, glass bottle manufacture and aerosol production. The company’s plants are located in Khalapur, Raigad (Maharashtra), Ghiloth, Alwar (Rajasthan), and Manesar, Gurugram (Haryana).
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Stallion India IPO subscription status showed ‘fully subscribed’ within hours of the bidding process was thrown open on January 16. By the end of the day, the issue was subscribed 7.16 times overall with retail applications at 9.38 times the amount earmarked for them. The price band is Rs 85.00-90.00 per share. The date of allotment is January 21, 2025. Markets Business News – Personal Finance News, Share Market News, BSE/NSE News, Stock Exchange News Today
