Stallion India Fluorochemicals IPO Anchor Allocation at 30%

resr 5paisa Research Team

Last Updated: 16th January 2025 - 12:30 pm

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Stallion India Fluorochemicals IPO saw a significant anchor allocation response, with 30% of the total IPO size subscribed by anchor investors. Out of the 221,61,396 shares on offer, anchors picked up 66,48,418 shares, demonstrating strong market confidence. The anchor allocation details were reported to the stock exchanges on January 15, 2025, just ahead of the IPO opening on January 16, 2025.

The book-built issue of ₹199.45 crores comprises a fresh issue of 178,58,740 shares aggregating to ₹160.73 crores and an offer for sale of 43,02,656 shares aggregating to ₹38.72 crores. The price band is set at ₹85 to ₹90 per share, with a face value of ₹10 per share. This includes a share premium of ₹80 per share at the upper end of the price band.

The anchor allocation process, which took place on January 15, 2025, saw strong participation from institutional investors. The entire anchor allocation was made at the upper end of the price band, ₹90 per share, indicating robust demand and confidence in the company's prospects.

After the anchor allocation, the overall allocation of the IPO looks as follows:

Category Shares Offered Allocation (%)
Anchor Investor 66,48,418 30.00%
Qualified Institutional Buyers (QIB) 44,32,279 20.00%
Non-Institutional Investors (NII) 33,24,210 15.00%
bNII (> ₹10L investment) 22,16,140 10.00%
sNII (< ₹10L investment) 11,08,070 5.00%
Retail Investors 77,56,489 35.00%
Total 221,61,396 100.00%

 

The lock-in period for anchor investors is an important aspect of the allocation. For Stallion India IPO, the lock-in details are as follows: 

  • Lock-in Period (50% Shares): February 20, 2025
  • Lock-in Period (Remaining Shares): April 21, 2025

 

This lock-in period ensures that anchor investors maintain their investments for a specified duration, stabilising the stock price after listing.
 

Anchor Investors in Stallion India IPO 

Anchor investors are typically large institutional investors allotted shares in an IPO before it opens to the public. The anchor allocation process is a crucial part of the IPO, as it helps in price discovery and builds confidence among retail investors. The strong response from anchor investors often sets a positive tone for the public issue and can influence the overall subscription levels.

On January 15, 2025, Stallion India Fluorochemicals IPO completed the bidding for its anchor allocation. There was a robust response as the anchor investors participated in the book-building process. A total of 66,48,418 shares were allotted to 6 anchor investors. The allocation was done at the upper IPO price band of ₹90 per share, resulting in an overall anchor allocation of ₹59.84 crore. The anchors have already absorbed 30% of the total issue size of ₹199.45 crore, indicating strong institutional demand.
 

Stallion India IPO Key Details:

  • IPO Size: ₹199.45 crores 
  • Shares Allocated to Anchors: 66,48,418 
  • Anchor Subscription Percentage: 30% 
  • Listing Date: January 23, 2025 
  • IPO Opening Date: January 16, 2025

 

About Stallion India Fluorochemicals Limited and How to Apply for Stallion India IPO 

Incorporated in 2002, Stallion India Fluorochemicals Limited is engaged in the business of selling Refrigerant and Industrial Gases and related products. The company deals in gases that are broadly classified as Fluorochemicals, which are majorly used as refrigerants in various industries including semiconductor manufacturing, automotive, electronics, pharmaceuticals, healthcare, and others. The company operates four Plants in Khalapur, Raigad (Maharashtra), Ghiloth, Alwar (Rajasthan), Manesar, Gurugram (Haryana) and Panvel, Raigad (Maharashtra). Their business includes debulking, blending and processing Refrigerant and Industrial gases, and selling of pre-filled cans and small Cylinders/Containers.

 

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