Stallion India IPO Subscription Hits 188x on Day 3, Investors Flock for Record-Breaking Debut

The Stallion Fluorochemicals IPO made a stellar debut as it was oversubscribed by 188 times on Day 3. This Rs 199.45 crore book-built issue, launched on 16 January, includes a fresh issue of 2.21 crore shares worth Rs 160.73 crores and an offer for sale of 0.43 crore shares amounting to Rs 38.72 crores. The strong subscription numbers reflect high investor confidence in the company. You can check the Stallion India IPO subscription status below for the latest updates.

Stallion India Fluorochemicals IPO Subscription Status - Day 3

Stallion India's IPO saw a tremendous response from investors on the last day of bidding with 188.29 times oversubscription, almost six times the subscription witnessed on Day 2. The biggest contributors were Non-Institutional Investors, subscribing by 422 times. Qualified Institutional Buyers (QIBs) came next with 172 times subscriptions. Retail Individual Investors subscribed 96 times to the allotted portion of the issue.

Stallion India Fluorochemicals IPO Subscription Status - Day 2

By the end of Day 2, Stallion India's IPO was oversubscribed 32.23 times, significantly up from 7 times on Day 1. The biggest contributors were Non-Institutional Investors, oversubscribing by 77.16 times. Retail Individual Investors came next with 31.22 times, and Qualified Institutional Buyers (QIBs) subscribed 0.31 times.

Stallion India Fluorochemicals IPO Subscription Status - Day 1 

The IPO of Stallion India Fluorochemicals was subscribed fully on Day 1 of the launch. The IPO was oversubscribed 7.16 times receiving 11.68 crore bids as against 1.55 crore shares offered. The Retail category was subscribed to 9.83 times, Non-Institutional Investors (NII) was subscribed to 10.4 times, and the Qualified Institutional Buyers (QIBs) category was subscribed to 0.04 times showcasing positive interest in the issue, especially in retail and NII segment. 

Investors can also track the IPO subscription status to monitor the latest category-wise demand and overall subscription figures for the Stallion India Fluorochemicals IPO.

Company Overview of Stallion India IPO 

Incorporated in 2002, Mumbai-based Stallion India Fluorochemicals is in the business of selling Refrigerant, Industrial Gases, and related products. Their business involves debulking, blending, and processing Refrigerant and Industrial gases, and selling pre-filled cans and small Cylinders/Containers.

These gases find application in various industries and segments such as Air conditioners and Refrigerators, Fire Fighting, Semiconductor manufacturing, Automobile Manufacturing, Pharma and Medicals, Glass bottle manufacturing, Aerosols and Spay foam

Stallion Fluorochemicals operates four facilities located in Khalapur (Maharashtra), Ghiloth (Rajasthan), Manesar (Haryana), and Panvel (Maharashtra). Its products are marketed under the brand name ‘Stallion,’ which enjoys strong recognition in the refrigerant gases industry.

With a commitment to operational efficiency, timely delivery, and stringent quality control, the company has built strong client relationships and fostered customer loyalty, further strengthening its brand presence in the market.

Financial Overview

The company’s revenue from operations has grown consistently between FY 2022 and FY 2024. Profit After Tax and EBITDA have shown a good jump in FY 2024 over FY 2023. Key ratios ROE and ROCE are healthy. The decline in ROE and ROCE between FY 2022 and FY 2024 is owing to capital reinvestments in capacity expansion.

Stallion India Fluorochemicals IPO Proceeds

The company will utilize proceeds from the Fresh Issue to fund its working capital requirements and capex funding for its semiconductor and specialty gas facility at Khalapur Maharastra, and refrigerant facility at Mambattu Andhra Pradesh. 

Stallion India Fluorochemicals IPO Details

• IPO Date: January 16, 2025 to January 20, 2025

• Price Band: Rs 85 to Rs 90 per share

• Lot Size: 165 shares

• Total Issue Size: 2,21,61,396 shares (amounting to Rs 199.45 Cr)

• Fresh Issue: 1,78,58,740 shares (amounting to Rs 160.73 Cr)

• Offer For Sale: 43,02,656 shares of Rs 10 (amounting to Rs 38.72 Cr)

• Allotment Date: January 21, 2025

• Listing Date:  January 23, 2025

• The allotment is scheduled for January 21, 2025. Investors can check IPO allotment status online to find out whether they have received shares.

How to Apply for Stallion India IPO

• Visit the Rupeezy app or Rupezy DOCK.

• Navigate to the IPO section on the Home Page

• Here, you can view all the IPOs with details such as market lot, minimum bid quantity, price range, and analysis.

• You can read the Red Herring Prospectus for the issue details.

• Click on Apply.

• Enter UPI ID for payment & place the bid.

• While placing the bid, enter the cutoff price or desired price in the range specified. Select quantity as per lot size. 

• Submit to complete the order.

• Beyond analysing Stallion India Fluorochemicals’ financial performance, investors can use a stock market performance heatmap to compare broader market and sector movements. This can provide useful context when assessing how the stock and its related sector are performing.

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