Stallion India Fluorochemicals Ltd.'s IPO received a tremendous response, closing on January 20, 2025. As the allotment status will be finalized today, January 21, 2025, here's everything investors need to know:
Allotment Process:
The basis of the allotment will be determined on January 21, 2025. Successful applicants will receive shares credited to their demat accounts, while refunds will be initiated for unsuccessful applicants.
Checking Allotment Status:
Investors can check their allotment status online through the following platforms:
BSE Website: Visit BSE's application status page, select 'Equity' as the issue type, choose 'Stallion India Fluorochemicals Limited,' and enter the required details. Click 'Search' to view your status.
NSE Website: Go to NSE's IPO Allotment Page, select 'STALLION,' enter your details, and click 'Submit' to view your status.
Bigshare Services: Access Bigshare Services' website and select 'Stallion India Fluorochemicals Limited' from the dropdown menu. Enter the necessary details and verify the captcha to check your status.
IPO Details:
The IPO was open for subscription from January 16 to January 20, 2025, with a price band of ₹85 to ₹90 per share. The issue was oversubscribed, receiving bids almost 200 times the shares available. It comprised a fresh issue of 1.79 crore shares worth ₹160.73 crore and an offer for sale of 43.02 lakh shares amounting to ₹38.72 crore.
Listing Date:
Stallion India Fluorochemicals shares are set to debut on January 23, 2025, on both the BSE and NSE.
Grey Market Premium (GMP):
The shares are commanding a premium of ₹48, indicating an expected listing price of ₹138 per share, which is a 53% premium over the IPO's upper price band.
Final Thoughts:
The overwhelming response to the Stallion India IPO demonstrates investor confidence in the company's prospects. Successful applicants can look forward to the listing on January 23, while others can track the share's performance post-listing.