Stallion India IPO Allotment Status

resr 5paisa Research Team

Last Updated: 21st January 2025 - 10:32 am

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Summary

Stallion India Fluorochemicals Limited, established in 2002, is a leading provider of Refrigerant and Industrial Gases and related products. The company operates four manufacturing plants across Maharashtra, Rajasthan, and Haryana, specializing in debulking, blending, and processing of refrigerant and industrial gases, along with the sale of pre-filled cans and small cylinders/containers.

The company has launched its IPO with a total issue size of ₹199.45 crore, comprising a fresh issue of ₹160.73 crore and an offer for sale of ₹38.72 crore. The IPO opened on January 16, 2025, and closed on January 20, 2025. The allotment date for the Stallion India IPO is set for Tuesday, January 21, 2025.
 

Steps to Check Stallion India IPO Allotment Status on Registrar Site

  • Visit Bigshare Services Pvt Ltd website.
  • Select "Stallion India IPO" from the dropdown menu on the allotment status page.
  • Enter your PAN ID, Demat Account Number, or Application Number in the designated field.
  • Complete the captcha verification process and click on the "Submit" button to view your allotment status.

 

Steps to Check Stallion India IPO Allotment Status on BSE/NSE

  • Navigate to the BSE or NSE IPO Allotment Status Page.
  • Choose "Stallion India IPO" from the list of active IPOs in the dropdown menu.
  • Input your Application Number and PAN ID in the required fields.
  • Verify the captcha and click "Search" to check your allotment status.

 

Stallion India Subscription Status 

The IPO received exceptional investor interest, being subscribed 188.32 times overall. Here is a category-wise breakdown of the subscription as of 6:19:09 PM on January 20, 2025:

  • Retail Category: 96.81 times
  • Qualified Institutional Buyers (QIB): 172.93 times
  • Non-Institutional Investors (NII): 422.35 times
     

As of 6:19:09 PM

Date QIB NII Retail Total
Day 1 
 Jan 16, 2025
0.04 10.42 9.83 7.16
Day 2 
 Jan 17, 2025
0.31 77.16 31.22 32.23
Day 3 
 Jan 20, 2025
172.93 422.35 96.81 188.32

 

Utilisation of IPO Proceeds

The funds raised through the Stallion India IPO will be utilized as follows:

  • Working Capital: Funding incremental working capital requirements of the Company.
  • Capital Expenditure: Funding capital expenditure for Semi-conductor & Specialty Gas facility in Khalapur, Maharashtra.
  • Expansion: Funding capital expenditure for Refrigerant facility in Mambattu, Andhra Pradesh.
  • General Corporate Purposes: Supporting various business objectives and operational needs.

 

Stallion India IPO - Listing Details 

The shares are scheduled to list on January 23, 2025, on BSE and NSE. The remarkable subscription rate of 188.32 times demonstrates substantial investor confidence in Stallion India's business model and growth prospects. The company has shown steady financial growth with revenue of ₹236.23 crore in FY24. Their strong market recognition, experienced management team, and strategic expansion plans position them well for future growth. Investors can check their allotment status through the registrar's website or BSE/NSE on January 21, 2025. The shares are set to debut on January 23, 2025, marking a significant milestone in the company's journey to expand its specialty gas and refrigerant business across India.

 

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