Stallion India IPO opened for subscription on January 16, 2025, and closed on January 20, 2025.
It was a book-built issue of ₹199.45 crore. The issue was a combination of a fresh issue of 1.79 crore shares aggregating to ₹160.73 crores and an offer for sale of 0.43 crore shares aggregating to ₹38.72 crores. The Stallion India IPO price band was set at ₹85 to ₹90 per share.
On Day 3 of subscription, January 20, as of 6:19 PM, Stallion India IPO was subscribed 188.32 times. QIBs subscribed 172.93x, NIIs subscribed 422.35x, and retail investors subscribed 96.81x.
The share allotment was finalised on January 21, 2025, and the shares were listed on BSE and NSE on January 23, 2025.
On the listing day, on the NSE, Stallion India Fluorochemicals share price (NSE: STALLION) opened at ₹120.00, up from its issue price of ₹90.00. At 10:03 AM, the share price was trading at ₹126.00, up by 5% from its opening price of ₹120.00. As of the same time, the stock touched its day’s high at ₹126.00. The company’s market cap was ₹999.50 crore.
On the BSE, at 10:05 AM, Stallion India share price was trading at ₹125.99, up by 4.99% from its opening price of ₹120.00 and 39.99% up from its issue price of ₹90.00.
Stallion India Fluorochemicals specialises in the sale of refrigerant and industrial gases, along with related products. Its core operations include debulking, blending, and processing refrigerant and industrial gases, as well as the sale of pre-filled cans and small cylinders/containers. It operates four facilities located in Khalapur (Maharashtra), Ghiloth (Rajasthan), Manesar (Haryana), and Panvel (Maharashtra). Each facility is equipped to store gases in a controlled environment, ensuring compliance with stringent safety standards.
Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.
Investments in the securities market are subject to market risks, read all the related documents carefully before investing.
Published on: Jan 23, 2025, 10:11 AM IST
Nikitha Devi
Nikitha is a content creator with 6+ years of experience in the financial domain. Specialising in personal finance, investments, and market insights, Nikitha simplifies complex financial topics, making them accessible to readers.
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