Stallion India Fluorochemicals IPO Allotment Status: Check Latest GMP, Steps To Verify Status
Stallion India Fluorochemicals Limited, specialised in the sale of Refrigerant and Industrial Gases, came with its IPO for bidding from January 16, 2025, to January 20, 2025.
Checking Stallion India IPO Allotment Status Online
Steps to Check Stallion India IPO Allotment Status on BSE
- Open the Application Status page of BSE here.
- Choose 'equity' as the issue type.
- Select 'Stallion India Fluorochemicals Limited' from the list of companies.
- Enter your IPO application number or PAN details.
- Verify the captcha by clicking on the 'I am not a Robot' box.
- Click on the submit button to check the details of the share allotment.
Steps to Check Stallion India IPO Allotment Status on NSE
- Users can check their IPO allotment verification status on NSE's website here.
- Select 'STALLION' from the dropdown menu.
- Enter the PAN no.
- Enter the application number for the IPO.
- Click on submit.
Steps to Check Stallion India IPO Allotment Status on BigShare Services
- Visit the official website of the registrar Bigshare Services Pvt. here.
- Click any of the server links.
- Select 'Stallion India Fluorochemicals Limited' from the dropdown menu.
- Enter any of these details (Application Number, Beneficiary ID or PAN).
- Clear Captcha.
- Click Search to get allotment details.
IPO Details
The Stallion India IPO, a book-built issue totalling ₹199.45 crores, comprises a fresh issue of 1.79 crore shares amounting to ₹160.73 crores and an offer for sale of 0.43 crore shares valued at ₹38.72 crores. The IPO bidding period ran from January 16, 2025, to January 20, 2025, with the allotment likely to be finalized today, on Tuesday, January 21, 2025. The IPO is set to list on the BSE and NSE, with the tentative listing date scheduled for Thursday, January 23, 2025. The price band for the IPO is fixed at ₹85 to ₹90 per share.
Sarthi Capital Advisors Private Limited is the book running lead manager of the Stallion India IPO, while Bigshare Services Pvt Ltd is the registrar for the issue.
Also Read : Stallion India Fluorochemicals IPO Day 1 Subscription Status , Stallion India Fluorochemicals IPO Day 2 Subscription Status , Stallion India Fluorochemicals IPO Day 3 Subscription Status
Use of Proceeds
The net proceeds from the Fresh Issue will be utilized to fund the company’s incremental working capital requirements, capital expenditures for the Semiconductor & Specialty Gas debulking and blending facility in Khalapur, Maharashtra, and the Refrigerator debulking and blending facility in Mambattu, Andhra Pradesh, and general corporate purposes.
Stallion India IPO - Overall Subscription Status
(January 20, 2025, End of Day)
The IPO of Stallion India Fluorochemicals Limited was oversubscribed 188.29 times. The public issue saw retail investors subscribing 96.76 times, qualified institutional buyers (QIB) 172.93 times, and non-institutional investors (NII) 422.33 times. Within the NII category, bids above ₹10 lakh (bNII) were subscribed 472.89 times, while bids below ₹10 lakh (sNII) saw a subscription of 321.21 times.
GMP (Grey Market Premium) Details
According to LiveMint, Stallion India IPO GMP today is ₹48 per share. This indicates that Stallion India Fluorochemicals shares are trading at a 53.33% premium over their issue price in the grey market.
Stallion India Fluorochemicals Business Overview
Established in 2002, Stallion India Fluorochemicals Limited specializes in the sale of Refrigerant and Industrial Gases, along with related products. The company’s core operations include debulking, blending, and processing these gases, as well as supplying pre-filled cans and small cylinders or containers. Stallion operates four manufacturing facilities located in Khalapur and Panvel in Raigad (Maharashtra), Ghiloth in Alwar (Rajasthan), and Manesar in Gurugram (Haryana). Focused on fluorochemicals, primarily used as refrigerants, the company’s products cater to a wide range of industries, including semiconductor manufacturing, automotive, electronics, pharmaceuticals, healthcare, fire extinguishers, spray foam, glass bottle production, and aerosol manufacturing.
Disclaimer: The GMP (Grey Market Premium) price is unauthenticated market-related news and has no discernible basis. The same quoted above is as per news that appeared in the media report and is for information purposes only. The investor shall do their own study/research before using the same for taking any decision to invest. We neither engage in, trade or deal in the grey market, nor do we recommend or endorse trading in the grey market.