Stallion India Fluorochemicals' share price made a spectacular debut on the stock exchanges, closing at a 33.33 per cent premium at Rs 120 on the NSE, on Thursday, January 22.
The price of Stallion India's shares increased by 5 per cent after listing, reaching Rs 126, the stock's highest price range. Because of this, Stallion India's stock was locked in the upper circuit following its early-morning debut.
Listing gains
Since the minimum bid quantity to apply for the Stallion India IPO was 1,65 shares, successful bidders who were given shares in the primary issue would have been sitting on listing gains of Rs 4,950 per lot (Rs 30 x 165) as soon as the stock started trading in the secondary market.
Due to the requirement that they bid on at least two lots, the HNI investors would have been sitting on a minimum profit of Rs 69,300 (Rs 30 x 2310 [14 lots]).
Stallion India IPO details
Subscription across all categories
Non-institutional investors (NIIs) continue to lead the subscription rally with nearly 197 times the number of bookings of the portion reserved for them.
To date, retail investors have subscribed for the reserved portion about 55 times.
Thus far, the IPO has received a mediocre response from Qualified Institutional Buyers (QIBs). Seventy-two percent of the amount designated for them has been subscribed.
Price band and minimum bid
Stallion India's initial public offering (IPO) is priced between Rs 85 and Rs 90 per share. The minimum lot size required for an application is 165. A minimum investment of Rs 14,850 must be made by retail investors.
The minimum lot size investment for sNII is 14 lots with 2,310 shares totaling Rs 2,07,900, and for bNII it is 68 lots with 11,220 shares totaling Rs 10,09,800.
Subscription period
On January 16, 2025, the first public offering (IPO) of Stallion India went up for bid, and it ended on January 20, 2025. The allocation for the Stallion India IPO is expected to be finalized on Tuesday, January 21, 2025.
