Stallion India IPO subscription starts on 16 January 2025 and will close on 20 January 2025. The company plans to raise around INR 188.37 – 199.45 crore via the IPO. The price band is fixed at INR 85 – 90 per share. Stallion India IPO market lot has 165 shares, and the minimum application amount is INR 14,850. The retail quota is 35%, QIB is 50%, and NII is 15%.
Check Stallion India IPO Subscription Status here. The subscription figures are taken from BSE and NSE and are updated at regular intervals. Here you can find Stallion India IPO Subscription Status segregated by days and investor categories.
Stallion India IPO Subscription Status – Live Updates
Shares allotted to anchor investors are not included in these calculations. Similarly, shares allotted to market makers, if any, are not part of these calculations.
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Stallion India Fluorochemicals – Business Background
Founded in 2002 and based in Mumbai, Stallion India Fluorochemicals is a key player in the fluorochemicals industry, specializing in the debulking, blending, and processing of refrigerants and industrial gases. The company operates four strategically located facilities across Maharashtra, Rajasthan, and Haryana, which enable efficient distribution and adherence to safety standards.
Stallion’s product range includes Hydrocarbons (HC), Hydrofluorocarbons (HFCs), and Hydrofluoroolefins (HFOs), catering to diverse sectors such as semiconductors, automotive, pharmaceuticals, healthcare, fire safety, and electronics. With a strong reputation in the market and a diverse client base, Stallion India aims to leverage its expertise to enhance its product offerings further.
Stallion India’s financial performance reflects steady growth with an emphasis on operational efficiency. As of September 2024, the company reported revenues of INR 141.53 crores and a profit after tax of INR 16.57 crores. Although its earnings per share (EPS) of INR 2.54 is lower compared to industry leaders, its return on net worth (RONW) of 12.54% indicates competitive efficiency.
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Investor Categories in Stallion India IPO Subscription
The three most important categories of IPO investors defined by SEBI are part of Stallion India IPO.
Qualified Institutional Buyers (QIB) – Examples of QIBs are Foreign Portfolio Investors (FPIs), Scheduled Commercial Banks, Mutual Funds, Venture Capital Funds, Foreign Venture Capital Investors (FVCIs), Alternative Investment Funds (AIFs), Insurance Companies, Provident Funds and Pension Funds with a minimum corpus of INR 250 million.
Generally, 50% of the offer is reserved for QIBs. Some of these are classified as anchor investors which work towards stabilizing an IPO.
Non-Institutional Investor (NII) – These are affluent investors who can invest more than INR 200,000. In other words, these are High Networth Individuals (HNIs). Generally, 15% of the offer is reserved for this category. Bids in the category need to exceed INR 200,000. Typical examples include Category III FPIs, resident Indian individuals, HUFs (in the name of Karta), companies, corporate bodies, eligible NRIs, scientific institutions, societies, and trusts.
The NII category is further divided into two – big and small – the threshold application amount being INR 10,00,000 (INR 10 lakh).
Retail Individual Investor (RII) – This category is purely meant for small investors, whose bid must not exceed INR 200,000 per person. Usually, 35% of total shares are reserved for this category in the case of a company with profitable operations. If the IPO-bound company does not fulfill this criterion, only 10% of shares are reserved for retail investors.
Employee – Shares reserved for company employees are not part of the Net Offer and there may additionally be a discount on offer price to encourage employees to subscribe. Investors in the employee category may also apply under the retail category in an IPO. Therefore, this category of IPO investors has a unique advantage.
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Stallion India IPO Subscription Status FAQs
When will the Stallion India IPO subscription start?
Stallion India IPO subscription starts on 16 January 2025 and ends on 20 January 2025.
How to subscribe to Stallion India IPO?
You can subscribe to the IPO through ASBA and non-ASBA options. To use ASBA, login to your bank account and apply for the IPO online. Alternatively, you can download the form online or obtain a physical form, then submit the completed form to your broker or bank.
When will Stallion India IPO be listed?
Stallion India IPO will be listed on 23 January 2025, on the BSE and NSE stock exchanges.