Stallion India IPO allotment: How to check status online on NSE, BSE, Bigshare Services

Stallion India Fluorochemicals IPO: The basis of allotment of fluorochemical gas manufacturer Stallion India Fluorochemicals Ltd will be finalised on Tuesday, January 21. The initial share sale was subscribed 188.38 times due to the overwhelming response from all investor categories.

According to the consolidated data on the NSE website, the ₹199.45 crore initial public offer fetched bids for 2,92,22,89,425 shares against 1,55,12,978 equity shares on offer.

Non-institutional investors led the demand as they subscribed their portion a massive 422.42 times. They applied for 1,40,42,24,085 shares against 33,24,210 shares on offer.

The qualified institutional buyers' category was subscribed 172.93 times, as they placed bids for 76,64,65,095 shares compared to 44,32,279 shares reserved.

Retail individual investors submitted applications for 75,16,00,245 shares against 77,56,489 on offer, leading to a subscription that was 96.90 times.

How to check Stallion India Fluorochemicals IPO allotment status on Bigshare Services

• Visit the IPO allotment page of Bigshare Services- https://www.bigshareonline.com/ipo_Allotment.html
• Select any one server from the three available
• Choose 'Stallion India Fluorochemicals Limited'
• Enter either application no, beneficiary ID or PAN no
• Complete captcha verification and click on the search

How to check Stallion India Fluorochemicals IPO allotment status online on NSE

• Head to the bid verification page of NSE HERE.
• Existing users can log in, while new users need to sign up
• Pick 'Stallion India Fluorochemicals Limited'
• Enter details like application no and PAN no
• Click on submit

Steps to check Stallion India IPO allotment status on BSE

• Visit BSE's IPO allotment portal - https://www.bseindia.com/investors/appli_check.aspx
• Keep 'Issue type' as 'Equity'
• From the IPO names list, select 'Stallion India Fluorochemicals Ltd'
• Enter the required details
• Complete captcha verification
• Click on the 'submit' button

Stallion India IPO listing date and time

Shares of Stallion India Fluorochemicals will be listed on the National Stock Exchange (NSE) and the BSE (formerly Bombay Stock Exchange) on Thursday, January 23, at 10 am.

The initial public offer was a fresh issuance of 1.78 crore shares as well as an offer-for-sale of 43.02 lakh equity shares by promoter Shazad Sheriar Rustomji. The price band was set at ₹85-₹90 per share and the minimum lot size was 165 shares.

Stallion India IPO objectives

The funds raised, totalling ₹95 crore, will be used for working capital requirements, ₹50.32 crore to expand manufacturing plants in Maharashtra and Andhra Pradesh, and a portion for general corporate purposes.

Stallion India Fluorochemicals is involved in the sale of refrigerants and industrial gases. It serves various industries like air conditioning and refrigeration, semiconductor manufacturing, firefighting, automobile manufacturing, glass bottle manufacturing, aerosols, pharmaceuticals and medicals, and spray foam applications.

Stallion India financials