Stallion India Fluorochemicals has opened the initial public offering (IPO) for public subscription. At the upper end, the company seeks to raise Rs 199.45 crore from the offering.
Stallion India IPO GMP
The company’s unlisted shares have been performing well in the grey market ahead of the IPO. Stallion India shares were trading at Rs 138 apiece, reflecting a grey market premium (GMP) of Rs 48 or 53.33 per cent over the upper price band of Rs 90.
Stallion India IPO Timelines
IPO will remain open for subscription until Monday, January 20, 2025. The basis of allotment is going to be finalised on Tuesday, January 21, 2025. Meanwhile shares will be credited to successful allottees’ demat accounts on Wednesday, January 22, 2025. The listing date for Stallion India shares on the BSE and NSE is Thursday, January 23, 2025
Stallion India IPO- Subscription?
Anand Rathi Research Team
Anand Rathi Research Team has recommended investors subscribe to the Stallion India IPO for a long-term perspective.
The analysts in the report say the company holds a prominent position with a market share of 10 percent in the fluorochemicals industry. Moreover analysts believe that the company has a scope of business improvement on the back of industry tailwinds and business scalability.
Bajaj Broking
Bajaj Broking, in its research report, has suggested investors to subscribe to the IPO for a long-term perspective.
The company has established a strong market position by offering high-quality, cost-effective products. Additionally the brokerage report states the issue seems reasonably priced, making it suitable for medium to long-term investment.
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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