Stallion India Fluorochemicals IPO: Issue sees 180x subscription on Day 3 so far, NII portion booked 472x

Stallion IPO Day 3: On its final bidding day, January 20, Stallion India Fluorochemicals Ltd's IPO continued to attract strong investor interest, with the issue subscribed 186.5 times so far. According to the latest data, the public issue has been subscribed 93.52 times so far in the retail category, 172.93 times so far in the qualified institutional buyers (QIB) segment, and a remarkable 421.56 times so far in the non-institutional investors (NII) category. 

Within the NII segment, larger applications were subscribed to 472.89 times, and smaller applications saw a subscription of 318.92 times, highlighting the strong demand across all investor categories. 

Stallion India IPO overview  

The Stallion India IPO, which opened on January 16, is set to close its three-day bidding window today. With a price band of Rs 85 to Rs 90 per share, the public issue comprises a fresh issue of 1.79 crore shares worth Rs 160.73 crore and an offer for sale of 0.43 crore shares amounting to Rs 38.72 crore. The total issue size stands at RS 199.45 crore. 

Stallion IPO: Day 1 and 2 subsciption trends

On the first day, January 16, the IPO received a moderate response. The QIB category was subscribed at 0.04 times, while the NII segment saw an overall subscription of 10.42 times, with larger applications subscribed 7.91 times and smaller applications 15.43 times. Retail investors recorded a subscription of 9.83 times, contributing to an overall subscription of 7.16 times. 

The momentum picked up significantly on Day 2, January 17. QIB subscriptions rose to 0.31 times, while the NII segment surged to 77.16 times. Larger NII applications were subscribed 77.39 times, and smaller ones at 76.68 times. Retail participation increased to 31.22 times, bringing the overall subscription to 32.23 times.  

Stallion IPO: Allotment and listing date
 
The allotment of shares is expected to be finalised on January 21, with listing scheduled on the BSE and NSE for January 23.  Ahead of the IPO, Stallion India raised Rs 59.84 crore from anchor investors on January 15.

About company

Established in 2002, Stallion India Fluorochemicals specialises in the production of refrigerants and industrial gases. It operates four manufacturing plants across Maharashtra, Rajasthan, and Haryana and caters to industries such as semiconductors, pharmaceuticals, automotive, and healthcare. 

With strong demand from institutional and retail investors alike, Stallion India’s IPO has positioned itself as a prominent offering in the market.