Stallion India Fluorochemical came to market through an IPO that opened on 16 January 2025 and closed on 20 January 2025, and the shares listed on 23 January 2025 on BSE, NSE. The price band was ₹85 to ₹90 per share and one lot was 165 shares, so the minimum application was ₹14,850. The issue size was ₹199.45 crore. It combined a fresh issue of new shares with an offer for sale by existing shareholders.
Bigshare Services Pvt Ltd was the registrar to the issue, and Sarthi Capital Advisors Private Limited was the lead manager.
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Stallion India Fluorochemicals Limited has been involved in the sale of Refrigerant and Industrial Gases and their derivatives since incorporation in 2002. Debukling, blending, and processing Refrigerant and Industrial gases with sale of pre-filled cans and small Cylinders/Containers forms the major part of its business. It operates four Plants situated at Khalapur, Raigad (Maharashtra), Ghiloth, Alwar (Rajasthan), Manesar, Gurugram (Haryana), and Panvel, Raigad (Maharashtra). Stallion India Fluorochemicals Limited (Stallion) sells gases, widely categorized as Fluorochemicals.
Major application of these chemical contains is refrigeration. Stallion's products, including gases, are used in multiple sectors of society such as semiconductor production, automobiles, electronic industry, pharmacy, healthcare, fire extinguishers, foam spray, bottle glass manufacturing, and aerosol manufacturing.
As described in the offer document.
| Metric | 30-Sep-24 | 31-Mar-24 | 31-Mar-23 | 31-Mar-22 |
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Stallion India Fluorochemicals mobilises nearly Rs 60 crore via anchor book. The six anchor investors that participated in the anchor book were Saint Capital Fund, Ashika Global Securities, Craft Emerging Market Fund, Mint Focussed Growth Fund, Ashika India Select Fund, and Leading Light Fund.
Shazad Sheriar Rustomji, Manisha Shazad Rustomji, Rohan Shazad Rustomji. Promoter holding 94.63% before the issue and 67.90% after.
Work out the listing gain for this IPO
If the retail portion is not fully subscribed, every valid application is allotted in full. If it is oversubscribed, SEBI's rules require that as many applicants as possible receive at least one lot, so the shares are allotted by a computerised lottery across all valid applications, one lot each, until the retail portion is exhausted. Applying for more lots does not improve your chance in a lottery; it only increases what you receive if the issue is under-subscribed.
The basis of allotment document, published by the registrar on the allotment date, states the ratio: for example, one applicant in seven received one lot.
Allotment status is published by the registrar on its website, searchable by PAN, application number or demat account, and also on the exchange's website. Allotted shares are credited to the demat account the day before listing, and blocked money for unsuccessful applications is released the same day. The Rupix app can check allotment status by PAN once the registrar publishes it.
Shares list within three working days of the issue closing. On listing day the exchanges run a special pre-open session from nine o'clock, during which orders are collected and an opening price is discovered from them; trading in the share begins after that, usually around ten. The opening price is the listing price that appears on this page once the issue has listed, and the listing gain or loss is the difference between it and the issue price.
For a mainboard issue, the share then trades in the normal way with the exchange's price band for a new listing. For an SME issue, shares trade in lots rather than one at a time, and the market can be thin, so selling on listing day is not always possible at the opening price. Capital gains on shares sold within a year of allotment are short-term and taxed at the short-term rate.
Stallion India Fluorochemical IPO was a ₹199.45 crore book-built issue, comprising a fresh issue of ₹160.73 crore and an offer for sale of ₹38.72 crore. It was priced at ₹85–₹90 per share with a lot size of 165 shares (₹14,850). The IPO was open from January 16 to January 20, 2025. Shares listed on BSE and NSE on January 23, 2025 at ₹120, a 33.3% premium to the issue price of ₹90. Bigshare Services Pvt Ltd is the registrar.
Sarthi Capital Advisors Private Limited is the book running lead manager.
The price band of Stallion India Fluorochemical IPO is ₹85 to ₹90 per share.
The lot size of Stallion India Fluorochemical IPO is 165 shares.
The minimum investment for Stallion India Fluorochemical IPO is approximately ₹14,850 based on the upper price band.
The allotment date of Stallion India Fluorochemical IPO is Jan 21, 2025.
Stallion India Fluorochemical IPO's final recorded GMP before listing was ₹35 per share (a 39% premium over the ₹90 upper price band). The shares listed at ₹120. GMP is unofficial and does not forecast or guarantee the actual listing price.
Stallion India Fluorochemical IPO listed on Jan 23, 2025. It was issued at ₹120.0(NSE) and is currently around ₹184.80 as on 30-Oct-2026 3:30 PM, which is approximately 105.3% versus issue price. The 52-week high is ₹279.00.
You can check Stallion India Fluorochemical IPO allotment status on the registrar or stock exchange websites using your PAN or application number after allotment. You can also check the Stallion India Fluorochemical IPO allotment status on Rupix for quick and easy access.
₹85 to ₹90 per share, against a face value of ₹10. Most applicants bid at the cut-off price, the top of the band, so that the application was valid whatever price the issuer finally fixed.
One lot was 165 shares, and every application had to be a whole number of lots. At the top of the band that made the minimum application ₹14,850.
₹14,850, for one lot of 165 shares at the top of the price band. The amount was blocked in the applicant's bank account through ASBA or a UPI mandate while the issue was open, and released on the allotment date to applicants who were not allotted shares.
It opened on 16 January 2025 and closed on 20 January 2025.
The basis of allotment was published on 21 January 2025 by Bigshare Services Pvt Ltd, and allotted shares were credited to demat accounts before listing.
The shares listed on 23 January 2025 on BSE, NSE.
The issue size was ₹199.45 crore. The fresh issue was 1,78,58,740 shares (aggregating up to ₹160.73 crore). The offer for sale was 43,02,656 shares (aggregating up to ₹38.72 crore).