Stallion India Fluorochemicals IPO Day 2 Live Updates: Key Highlights, GMP, Subscription Status, and Insights

Stallion India IPO Day 1 Subscription Status

(January 16, 2025, End of Day)

As of January 16, 2025, Day 1, the Stallion India IPO has been subscribed 7.04 times overall,  9.63 times in the retail category, and 10.33 times to non-institutional Buyers (NII). Among the NII, bids above ₹10 lakh (bNII) were subscribed 7.9 times, while those below ₹10 lakh (sNII) were subscribed 15.2 times. The qualified institutional buyers (QIB) have been subscribed 0.04 times.

Also Read : Stallion India IPO Day 1 Subscription Status

Stallion India IPO Details

• IPO Valuation: Stallion India's IPO is valued at ₹199.45 crores.
• Fresh Issue: Includes 1.79 crore shares, raising ₹160.73 crores.
• Offer for Sale (OFS): Comprises 0.43 crore shares, amounting to ₹38.72 crores.
• Price Band: Set between ₹85 and ₹90 per share.
• Minimum Lot Size: 165 shares per lot.
• Retail Investment: Minimum investment of ₹14,850.
• sNII Investors: Require a minimum of 14 lots (2,310 shares), amounting to ₹2,07,900.
• bNII Investors: Need 68 lots (11,220 shares), requiring an investment of ₹10,09,800.

Utilization of IPO Proceeds

The net proceeds from the Fresh Issue will be strategically allocated to support the company’s growth and operational priorities. A significant portion will address working capital requirements, ensuring the company can meet its expanding operational demands. Additionally, funds will be directed toward the development of two critical facilities: a semiconductor and specialty gas debulking and blending facility in Khalapur, Maharashtra, and a refrigerant debulking and blending facility in Mambattu, Andhra Pradesh. The remaining proceeds will be utilized for general corporate purposes, enabling the company to address various strategic and operational objectives effectively.

GMP Details: As per Live Mint, the latest Grey Market Premium (GMP) for Stallion India's IPO stands at ₹38. Based on the price band cap of ₹90, the estimated listing price is projected to be ₹128 per share. This suggests a potential gain of 42.22% per share.

Note: The Grey Market Premium (GMP) is not an official price and is based on market speculation.

Stallion India Business Overview

Established in 2002, Stallion India Fluorochemicals Limited has built a strong reputation in the sale of refrigerants, industrial gases, and related products. The company’s expertise lies in debulking, blending, and processing these gases, alongside providing pre-filled cans and small cylinders or containers. Their fluorochemical gases, primarily used as refrigerants, play a critical role in sectors like semiconductors, automotive, electronics, pharmaceuticals, healthcare, fire safety, spray foam, glass manufacturing, and aerosol production.  

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.

Disclaimer: This news is solely for educational purposes. The securities/investments quoted here are not recommendatory.

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