Stallion India IPO which opened on January 16, 2025, will conclude today. The three-day subscription window for the initial public offering (IPO) of Stallion India‘s was very successful. This is against the 31,25,000 equity shares on offer. This translates to an oversubscription of 127 times by the end of January 17, 2025.
Stallion India IPO – GMP
The strong demand for IPO is seen in the grey market too, where unlisted shares are available at Rs 133 apiece. This indicates a grey market premium (GMP) of Rs 43 or 47.78 per cent over the upper end of the IPO price band, according to sources tracking unofficial markets.
Since the IPO subscription closes today, the basis of allotment for shares will be finalized tentatively by January 21, 2025. Successful allottees of IPO will receive shares in their demat accounts by January 22, 2025. The tentative listing of the Stallion India shares is likely to take place on Thursday, January 23, 2025
Stallion India IPO Size, Price Band
The offering comprises a fresh issue of 1,78,58,740 equity shares. Additionally, an offer for sale with promoter Shazad Sheriar Rustomji offloading up to 43,02,656 equity shares. IPO will be available at a price band of Rs 85-90 and a lot size of 165 shares. Accordingly, investors can bid for a minimum of 165 shares and in multiples thereof
Stallion India Financial Details
Stallion India’s profit rose to Rs 14.78 crore in FY24, up 51.58 per cent from Rs 9.75 crore reported in FY23.
The company’s revenue from operations jumped to Rs 233.23 crore, up 3.42 per cent from Rs 225.50 crore reported in FY23. The company’s expenses also advanced to Rs 214.95 crore in FY24, up 0.87 per cent from Rs 213.08 crore reported in FY23.
About Company
Stallion India Fluorochemicals also referred to as Stallion is a company based out of Mumbai. The Company incorporated on September 5, 2002. Incorporated by Shazad Sheriar Rustomji, who currently serves as the Chairman & Managing Director and is also one of the promoters of Stallion. The company is in the business of selling refrigerants industrial gases and related products.
Stallion India’s primary business consists of debulking, blending, and processing refrigerants and industrial gases, and selling pre-filled cans and small cylinders/containers. It has four facilities located in Khalapur (Maharashtra), Ghiloth (Rajasthan), Manesar (Haryana), and Panvel (Maharashtra).
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