Stallion India Fluorochemicals IPO Listing Date: Stallion India IPO, a mainboard issue, made its debut on the Indian stock market today, January 23. The public offering was listed on both BSE Sensex and NSE.
The shares of Stallion India IPO opened at a premium on both major indices. On the BSE Sensex, the shares are listed at a 33.33% premium, priced at Rs 120 per share. Similarly, on the NSE, the stock debuted at a 33.33% premium, priced at Rs 120 per share.
The share allotment process of this issue after its three day bidding was finalised on January 21.
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Ahead of the official listing, Stallion India shares were trading at a premium of Rs 35 in the grey market, an unofficial marketplace. This suggested an expected listing price of Rs 125 which was 38.89% higher over the upper price band of Rs 90.
Stallion India IPO: Key highlights of the issue
A Rs 199.45 crores IPO, this book-built offering included a fresh issue of 1.79 crore shares worth Rs 160.73 crores and an OFS of 0.43 crore shares amounting to Rs 38.72 crores.
Stallion India IPO was opened for subscription from January 16 to January 20, and received an overwhelming response from investors. The price band of this mainboard issue was set between Rs 85 to 90 per share.
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On the final day of bidding, the IPO was subscribed 188.32 times. Breaking down the categories, the retail investors subscribed 96.81 times, QIBs subscribed 172.93 times, and NIIs led with a 422.35 times subscription.
The funds from the fresh issue will be used to meet the company’s growing working capital needs, set up a semiconductor and specialty gas facility in Khalapur,
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