Stallion India Fluorochemicals IPO Day 3 Live Updates: Key Highlights, GMP, Subscription Status, and Insights
Stallion India IPO opened for subscription on January 16, 2025, and will remain available until today. The allotment of shares will likely be finalized on Tuesday, January 21, 2025.
Stallion India Fluorochemicals IPO Day 3 Subscription Status
(January 20, 2025, 10:29:11 AM)
The IPO of Stallion India Fluorochemicals Limited was oversubscribed 49.37 times. The public issue saw retail investors subscribing 40.52 times, qualified institutional buyers (QIB) 0.5 times, and non-institutional investors (NII) 135.18 times. Within the NII category, bids above ₹10 lakh (bNII) were subscribed 145.69 times, while bids below ₹10 lakh (sNII) saw a subscription of 114.17 times.
|
IPO Day (EOD) |
Subscription Status |
|||
|
QIB |
NII |
Retail |
Total |
|
|
Day 1 |
0.04 |
10.42 |
9.83 |
7.16 |
|
Day 2 |
0.31 |
77.16 |
31.22 |
32.23 |
Also Read: Stallion India Fluorochemicals IPO Day 1 Subscription Status ,Stallion India Fluorochemicals IPO Day 2 Subscription Status
Stallion India Fluorochemicals GMP (Grey Market Premium)
According to Livemint, the last Grey Market Premium (GMP) for the Stallion India IPO was ₹43 as of January 20, 2025, at 5:04 AM. With a price band set at ₹90, the estimated listing price is projected to be ₹133 per share (calculated as the cap price plus the current GMP). This implies an anticipated percentage gain of 47.78% per share upon listing.
Note: The Grey Market Premium (GMP) is not an official price and is based on market speculation.
Stallion India Fluorochemicals IPO Details
Stallion India's IPO, valued at ₹199.45 crores, comprises a fresh issue of 1.79 crore shares totalling ₹160.73 crores and an offer for sale of 0.43 crore shares amounting to ₹38.72 crores. The price band for the IPO is set between ₹85 and ₹90 per share, with a minimum application lot size of 165 shares. Retail investors can participate with a minimum investment of ₹14,850, while sNII investors require a minimum of 14 lots (2,310 shares) for ₹2,07,900, and bNII investors need 68 lots (11,220 shares), amounting to ₹10,09,800.
Utilization of IPO Proceeds
The net proceeds from the Fresh Issue will be allocated strategically to support the company's growth and operational priorities.
Key allocations include:
- Working Capital Requirements: To meet expanding operational demands.
- Development of Facilities:
- A semiconductor and specialty gas debulking and blending facility in Khalapur, Maharashtra.
- A refrigerant debulking and blending facility in Mambattu, Andhra Pradesh.
- General Corporate Purposes: To address various strategic and operational objectives effectively.
Stallion India Fluorochemicals Limited Business Overview
Founded in 2002, Stallion India Fluorochemicals Limited has earned a solid reputation as a trusted provider of refrigerants, industrial gases, and related products. The company specializes in the debulking, blending, and processing of these gases, offering a range of solutions that include pre-filled cans and compact cylinders or containers.
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.
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