Stallion India Fluorochemicals IPO Records 70x Subscription on Day 3, NII Portion 197x Booked
The IPO of Stallion India Fluorochemicals Ltd witnessed overwhelming demand on its final bidding day (January 20), with an overall subscription of 70 times so far. The issue received 108.73 crore bids against its 1.55 crore share size.
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Investor Interest Breakdown
Non-Institutional Investors (NIIs): The most enthusiastic participants, oversubscribing their portion by 197 times.
Retail Investors: Subscribed their reserved portion around 55 times.
Qualified Institutional Buyers (QIBs): Subscribed 72% of their reserved portion so far, showing relatively muted interest.
Stallion India Fluorochemicals Ltd IPO Details
Issue Structure:
Fresh Issue: 1.78 crore shares
Offer-for-Sale (OFS): 43.02 lakh shares
Price Band: Rs 85 to Rs 90 per share
Minimum Investment: 165 shares or Rs 14,850
Total Size: Rs 199.45 crore (at the upper price band)
The IPO, open for bidding between January 16 and January 20, is expected to finalize share allotments on January 21 and debut on BSE and NSE on January 23.
Grey Market Premium (GMP)
The unlisted shares of Stallion India are trading with a GMP of Rs 133, reflecting a 47.78% premium over the upper price band.
Anchor Investment
On January 15, Stallion India raised Rs 59.83 crore through its anchor book, allotting 66.48 lakh shares to six institutional investors at Rs 90 per share.
About Stallion India Fluorochemicals
The company operates in the refrigerant and industrial gases business, catering to a wide range of industries. With strong investor demand, its IPO reflects robust confidence in its growth potential.
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