Stallion India IPO Opens for Subscription: Key Details and Updates
The Stallion India IPO has officially opened for subscription on January 16, 2025, and will remain available until January 20, 2025. The allotment of shares is expected to be finalized on Tuesday, January 21, 2025, with the IPO set to debut on the BSE and NSE on Thursday, January 23, 2025.
Stallion India IPO Details
The IPO, valued at ₹199.45 crores, includes:
- Fresh Issue: 1.79 crore shares worth ₹160.73 crores.
- Offer for Sale (OFS): 0.43 crore shares worth ₹38.72 crores.
The price band is set between ₹85 and ₹90 per share, with a minimum application lot size of 165 shares.
- Retail Investors: Minimum investment of ₹14,850.
- sNII Investors: Minimum 14 lots (2,310 shares) for ₹2,07,900.
- bNII Investors: Minimum 68 lots (11,220 shares) for ₹10,09,800.
Day 1 Subscription Status
As of 06:00 AM on January 16, 2025, the Stallion India IPO saw promising subscription rates:
- Overall Subscription: 7.08 times.
- Retail Category: 9.69 times.
- Non-Institutional Buyers (NII): 10.36 times.
- Qualified Institutional Buyers (QIB): 0.04 times
Utilization of IPO Proceeds
The net proceeds from the fresh issue will be utilized for:
- Supporting expanding operational requirements.
- Developing a semiconductor and specialty gas debulking and blending facility in Khalapur, Maharashtra.
- Establishing a refrigerant debulking and blending facility in Mambattu, Andhra Pradesh.
- Addressing strategic and operational needs.
Grey Market Premium (GMP) Update
The Grey Market Premium (GMP) for Stallion India’s IPO stands at +₹48, suggesting robust demand. Based on the IPO price band and GMP, the estimated listing price is projected at ₹138 per share, a 53.33% increase over the IPO price of ₹90.
Note: GMP is based on market speculation and is not an official indicator of listing prices.
Stallion India Business Overview
Founded in 2002, Stallion India Fluorochemicals Limited specializes in refrigerants, industrial gases, and related products. The company’s operations include:
- Debulking, blending, and processing of refrigerants and industrial gases.
- Supplying pre-filled cans and small containers.
Stallion operates from four plants across India:
- Khalapur (Raigad, Maharashtra).
- Ghiloth (Alwar, Rajasthan).
- Manesar (Gurugram, Haryana).
- Panvel (Raigad, Maharashtra).
Its fluorochemical gases are widely used in industries like semiconductors, automotive, electronics, pharmaceuticals, healthcare, fire safety, and more.
Disclaimer: This information is for educational purposes only. The securities mentioned here are not recommendations for investment. Investors are advised to perform their due diligence before making any decisions.
