Stallion India Fluorochemicals IPO GMP Rises Ahead Of Allotment Today: Here Are Steps To Check Status Online

Stallion India Fluorochemicals IPO share allotment status is likely to be finalised on Jan. 21, following the successful completion of the bidding process.

Over the bidding period between Jan. 16 and Jan. 20, the Rs 199.45-crore Stallion India IPO received a mega response from investors, who booked the issue by 188.37 times. Overall, investors applied for 2,92,22,89,425 shares against the 1,55,12,978 shares on offer.

The non-institutional investors’ (NIIs) category received an overwhelming response, as the segment was booked 422.42 times. The NIIs applied for 1,40,42,24,085 shares against 33,24,210 shares set aside for the category.  

The Qualified Institutional Buyers (QIBs) category was subscribed 172.93 times, with bids for 76,64,65,095 shares compared to 44,32,279 shares on offer. The retail investors subscribed their quota 99.90 times, by applying for 75,16,00,245 shares as compared to 77,56,489 shares on offer.

Stallion India IPO comprises a fresh issue of 1.79 crore shares, worth Rs 160.73 crore, and an offer-for-sale (OFS) of 43 lakh shares totalling to Rs 38.72 crore. The price band of the issue was set at Rs 85 to Rs 90 per share.

Investors who bid for the mainboard issue can check the allotment status on Tuesday on the websites of the NSE, BSE and the issue registrar BigShare Services Pvt.

• Open the Application Status page of BSE here.

• Choose 'equity' as the issue type.

• Select 'Stallion India Fluorochemicals Limited' from the list of companies.

• Enter your IPO application number or PAN details.

• Verify the captcha by clicking on the 'I am not a Robot' box.

• Click on the submit button to check the details of the share allotment. 

• Visit the official website of the registrar Bigshare Services Pvt. here.

• Click any of the server links.

• Select 'Stallion India Fluorochemicals Limited' from the dropdown menu.

• Enter any of these details (Application Number, Beneficiary ID or PAN).

• Clear Captcha.

• Click Search to get allotment details.

You can also check the allotment status on the NSE website by logging into your account with user Id and password.

Stallion India Fluorochemicals IPO GMP stood at Rs 48 per share at 7:29 a.m. on Jan. 21, according to InvestorGain. This implies a listing gain of 53.33% over the upper end of the price band. As per the latest GMP, the projected listing price of the shares is expected to be Rs 138 apiece.

Note: GMP or grey market price is not an official price quote for the stock and is based on speculation.

The successful bidders of the Stallion India IPO will receive shares in their Demat accounts on Jan. 22. The non-allottees will also get refunds the same day. Shares of Stallion India Fluorochemicals are expected to be listed on the NSE and BSE on Jan. 23.

Stallion India Fluorochemicals will use the proceeds from the IPO to fund capital expenditure for two of its four plants, as well as to meet working capital requirements. A portion of the proceeds will be allocated for general corporate purposes.

Disclaimer: Investments in initial public offerings are subject to market risks. Please consult with financial advisors and read red herring prospectus thoroughly before placing bids.