Umair
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Unlisted shares of Stallion India Fluorochemicals Ltd are currently trading at Rs 138 apiece in the grey market, which is a 53.33 per cent premium over the upper IPO price of Rs 90.
Stallion India IPO Allotment Status.
Stallion India Fluorochemicals IPO Allotment Status: Even as the Stallion India Fluorochemicals IPO has received a huge response from investors receiving a 188.29 times subscription, the allotment is set to be finalised today, January 21. Once allotted, investors will start receiving bank debit messages in the evening. They can also check the allotment status on the websites of the BSE and NSE, as well as on registrar Bigshare Services Pvt Ltd.
The initial public offering of Stallion India Fluorochemicals Ltd, which was open between January 16 and January 21, received a whopping 188.29 times subscription garnering bids for 2,92,09,16,790 shares against 1,55,12,978 shares on offer. The retail category received a 96.81 times subscription in total, the NII portion got 422.35 times subscription. Its QIB category has been subscribed to by 172.93 times.
The price band of the Rs 199.45-crore IPO was fixed at Rs 85 to 90 apiece.
The IPO received a 7.16 times subscription on Day 1 and a 32.23 subscription on Day 2.
The Stallion India Fluorochemicals IPO allotment will take place on January 21, in the evening. Investors can check the allotment status on Tuesday on the websites of the BSE and NSE as well as on registrar Bigshare Services’ portal.
The listing is scheduled to take place on January 23 on both BSE and NSE.
Stallion India Fluorochemicals IPO: How To Check Allotment Status Online?
The Stallion India Fluorochemicals IPO allotment will take place on Tuesday, January 21. The IPO allotment status can be checked online by following these steps:
1) Go to the official BSE website via the URL — https://www.bseindia.com/investors/appli_check.aspx.
2) Under ‘Issue Type’, select ‘Equity’.
3) Under ‘Issue Name’, select ‘Stallion India Fluorochemicals Ltd’ in the dropbox.
4) Enter your application number, or the Permanent Account Number (PAN).
5) Then, click on the ‘I am not a robot’ to verify yourself and hit the ‘Search’ option.
Your share application status will appear on your screen.
You can also visit direct Bigshare Services Pvt Ltd’s portal — https://www.bigshareonline.com/ipo_allotment.html and check the Stallion India Fluorochemicals IPO allotment status.
Stallion India IPO GMP Today
According to market observers, unlisted shares of Stallion India Fluorochemicals Ltd are currently trading at Rs 138 apiece in the grey market, which is a 53.33 per cent premium over the upper IPO price of Rs 90. It indicates a strong listing gain for investors on January 23.
The GMP is based on market sentiments and keeps changing. ‘Grey market premium’ indicates investors’ readiness to pay more than the issue price.
Stallion India Fluorochemicals IPO: More Details
The IPO comprises a fresh issue of 1.78 crore equity shares and an offer-for-sale (OFS) component of 43.02 lakh shares by its promoter Shazad Sheriar Rustomji.
At the upper end of the price band, the IPO size is pegged at Rs 199.45 crore.
Proceeds from the issue will be used towards funding working capital requirements, capital expenditure for its proposed facilities in Maharashtra and Andhra Pradesh, and general corporate purposes.
Stallion India Fluorochemicals is engaged in the sale of refrigerants and industrial gases, along with related products. The company serves a diverse range of industries, including air-conditioning and refrigeration, firefighting, semiconductor manufacturing, automobile manufacturing, pharmaceuticals and medicals, glass bottle manufacturing, aerosols, and spray foam applications.
Sarthi Capital Advisors is the sole book running lead manager, while Bigshare Services is the registrar to the issue.
