Stallion India IPO booked over 188 times on Day 3, shares allotment tomorrow; here’s how to check status online

The initial public offering of Stallion India Fluorochemicals Ltd closed with a huge demand on Monday, January 20, the last day of bidding. The mainboard issue was booked more than 188 times.

After the subscription window successfully closes, the company is expected to finalise the share allotment status of its ₹199.45-crore IPO on January 21. The public offer opened for bidding on January 16.

According to the NSE data, the public offer attracted applications for more than 292 crore shares against 1.55 crore shares on offer, leading to an overall subscription of 188.30 times.

Retail individual investors submitted bids for more than 75.07 crore shares compared to the allocation of over 77.56 lakh shares. The retail portion was booked 96.79 times. Non-institutional investors (NIIs) placed bids for over 140.39 crore shares against 33.24 lakh shares on offer, leading to a subscription of 422.33 times. Qualified institutional buyers (QIBs) applied for 76.64 crore shares compared to 44.32 lakh shares on offer. The QIBs’ portion was booked nearly 173 times.

Stallion India Fluorochemicals IPO allotment

Investors can check the allotment status on the website of issue registrar, Bigshare Services Pvt Ltd , BSE and NSE.

How to check allotment status on IPO registrar’s website

• Visit Bigshare Services Pvt Ltd website (https://www.bigshareonline.com)
• Select any server
• Click on IPO allotment status (www.bigshareonline.com/ipo_Allotment.html)
• Click on Stallion India Fluorochemicals Ltd from the list
• Fill Application number or PAN ID
• Complete the 'captcha' to verify
• Click the "Search" button to check the allotment status

Steps to check IPO allotment status on NSE

• Open the NSE IPO allotment status page: www.nseindia.com/products/dynaContent/equities/ipos/ipo_login.jsp
• Login with username and password (Investors need to create Login & Password)
• Select Stallion India Fluorochemicals Ltd from the list of issue names
• Verify PAN
• Enter IPO application number
• Click on Submit

Stallion India Fluorochemicals IPO key details

• The mainboard IPO comprised a fresh issue of 1.79 crore shares worth up to ₹160.73 crore and an offer-for-sale (OFS) component of 43 lakh shares worth up to ₹38.72 crore.
• The price band was ₹85 to ₹90 per share.
• The lot size was 165, requiring a minimum investment of ₹14,850 for retail investors.
• The company will refund and credit shares to demat accounts on January 22.
• Stallion India has proposed to list shares on NSE and BSE on Thursday, January 23.

Stallion India Fluorochemicals IPO objective

Stallion India Fluorochemicals Ltd sells Refrigerants and Industrial Gases and related products. It is involved in debulking, blending, and processing Refrigerants and Industrial gases. The company sells pre-filled cans and small cylinders.

The company has proposed to utilise ₹50.32 crore to increase the production capacity of its Mambattu facility in Andhra Pradesh and Maharashtra. The company has a Semiconductor & Specialty Gas debulking and blending facility at Khalapur, Maharashtra. The company seeks to utilise ₹95 crore of the IPO funds to meet working capital requirements.

Stallion India Fluorochemicals Financials

Key Performance Indicators