Stallion India Fluorochemicals IPO
Stallion India Fluorochemicals Limited (STALLION) · mainboard IPO on NSE and BSE · 100% Book Building. Listed on 23 January 2025.
Issue details
Listing day
Back-tested estimate (from a model that had only seen earlier years' IPOs): listing gain +87.7% (likely range +9% to +126%), day's high +93.4%, chance of a gain 97%. Actual: +33.3% at the open, +40.0% at the high.
Subscription status
| Category | Shares offered | Shares bid for | Subscribed | |
|---|---|---|---|---|
| QIB (institutions) | 44,32,279 | 76,64,65,095 | 173x | |
| NII (HNI) total | 33,24,210 | 1,40,42,24,085 | 422x | |
| Big NII (above ₹10 lakh) | 22,16,140 | 1,04,79,82,155 | 473x | |
| Small NII (₹2-10 lakh) | 11,08,070 | 35,62,41,930 | 321x | |
| Retail | 77,56,489 | 75,16,00,245 | 96.9x | |
| Total | 1,55,12,978 | 2,92,22,89,425 | 188x |
Bids on NSE and BSE together, as published by NSE, as of 20 Jan 2025, 07:00 PM. Shares offered exclude the anchor portion. 21% of all shares bid for were at the cut-off price.
Past IPOs with similar demand
Earlier mainboard IPOs whose QIB, NII and retail subscription and size were closest to Stallion India Fluorochemicals's, and how they listed.
| IPO | QIB | NII | Retail | Total | Size | Listing gain | Day high |
|---|---|---|---|---|---|---|---|
| Gala Precision EngineeringSep 2024 | 233x | 415x | 91.9x | 201x | ₹168 Cr | +36.3% | +43.1% |
| Indo Farm EquipmentJan 2025 | 242x | 504x | 105x | 230x | ₹260 Cr | +19.1% | +33.5% |
| KRN Heat Exchanger and RefrigerationSep 2024 | 253x | 432x | 98.3x | 214x | ₹344 Cr | +118.2% | +133.4% |
| Manba FinanceSep 2024 | 149x | 512x | 144x | 224x | ₹151 Cr | +20.8% | +26.9% |
| Orient TechnologiesAug 2024 | 190x | 301x | 66.9x | 152x | ₹218 Cr | +39.8% | +46.8% |
| Mamata MachineryDec 2024 | 236x | 274x | 138x | 195x | ₹179 Cr | +146.9% | +159.3% |
Lead managers and their listing record
| Book running lead manager | Mainboard IPOs since 2019 | Avg listing gain | Listed at a premium |
|---|---|---|---|
| Sarthi Capital Advisors | 4 | +11.6% | 75% |
Offer documents (NSE)
Frequently asked
What is the Stallion India Fluorochemicals IPO price band and lot size? ₹85.0–90.0 per share, with a lot of 165 shares, so the smallest retail bid is ₹14,850.
How many times has it been subscribed? 188x overall: QIB 173x, NII 422x, retail 96.9x.
How did it list? It opened at ₹120, +33.3% against the issue price of ₹90.0, and closed its first day +40.0%.
