Stallion India IPO subscribed overall 188.32 times on the last day, while A retail quota subscribed 96.81 times, QIB subscribed 172.93 times, and NII quota subscribed 422.35 times respectively.
Stallion India IPO Details
Stallion India one of the top companies in supplying refrigerants and a variety of gases got approval from SEBI for the IPO of Rs ₹199.45 Crores, which is an entirely fresh issue s of Rs ₹160.73 Crores with a face value of ₹10 each share. it was subscribed beyond the expectation and gave this result. It has a set price band of ₹85 to ₹90 Per Share.
Stallion India Funds Utilisations
- Funding incremental working capital requirements of our Company;
- Funding capital expenditure requirements for our Semi-conductor & Specialty Gas debulking & blending facility (“Khalapur, Maharashtra”)
- Funding capital expenditure requirements for our Refrigerant debulking & blending facility (“Mambattu, Andhra Pradesh”)
- General Corporate Purposes
Stallion India Shares Distributions
Moreover, the retail category had 165 shares in 1 lot size by minimum application, while in maximum application 2145 shares in 13 lot sizes respectively. S-HNI got 2,310 shares in 14 lot sizes and B-HNI received 11,220 shares in 68 lot sizes.
To participate in this IPO, each investor group has a tailored investment range
- Retail Minimum Application:- ₹14,850
- Retail Maximum Application:-₹1,93,050
- S-Hni Application:- ₹2,07,900B-HNI Application:- ₹10,09,800
Stallion India Subscription Duration
Started on January 16, 2025, and closed on January 20, 2025
The allotment was on January 21, 2025, and non-allottees got a refund on January 22, 2025. Stallion India IPO listing is today January 23, 2025.
About Stallion India IPO
Stallion India is one of the top firms in terms of supplying refrigerants and a variety of gases. The company is also known to manufacture a diverse range of gases by combining two or more gases to create new formulations. The company has nearly 20 years of experience in debulking, bottling, and distributing fluorochemicals on a large scale. Its portfolio includes two main gas types: HFC and HFO, which are used across various industries. The company operates four plants located in Khalapur (Raigad, Maharashtra), Ghiloth (Alwar, Rajasthan), Manesar (Gurugram, Haryana), and Panvel (Raigad, Maharashtra).
Stallion India IPO Financial Background
The company reported revenue of ₹236.23 crores in 2024 against ₹226.06 crore in 2023. The company reported profit of ₹14.79 crores in 2024 against Profit of ₹9.75 crores in 2023.