Stallion India Fluorochemicals Share Price Highlights: Stock ends at ₹126 apiece on NSE, 40% premium to IPO price

Stallion India Fluorochemicals Share Price Highlights: Stallion India Fluorochemicals share price made a bumper debut on the bourses today. On NSE and BSE, Stallion India Fluorochemicals share price opened at ₹120 per share, 33.33% higher than the issue price of ₹90. The stock hit 5% upper circuit post listing.

Stallion India Fluorochemicals share price ended listing day at ₹126 on NSE, a 40% premium to the IPO price of ₹90, and at ₹125.99 on BSE, a 39.99% premium.

Stallion India Fluorochemicals share price debuted on the Indian stock market today. During its subscription period, the initial public offering (IPO) of Stallion India Fluorochemicals experienced significant demand.

The public offer was available for subscription from January 16 to 20, with the IPO allotment being completed on January 23. Stallion India Fluorochemicals listing will occur today on both BSE and NSE.

Stallion India Fluorochemicals IPO was subscribed by 188.38 times on the final day of bidding, reflecting robust interest from investors. The non-institutional investors’ segment saw an impressive subscription of 422.42 times, while Qualified Institutional Buyers (QIBs) had a 172.93 times subscription rate. Retail Individual Investors (RIIs) achieved a subscription rate of 96.90 times.

Stallion India Fluorochemicals, a supplier of refrigerants, announced on Tuesday a price range of ₹85-90 per share for its initial public offering (IPO).

Stallion India IPO consists of a fresh issuance of 1.78 crore equity shares along with an offer-for-sale (OFS) of 43.02 lakh shares from promoter Shazad Sheriar Rustomji.

The funds raised from this offering will be utilized for working capital needs, capital expenditures for the company’s planned facilities in Maharashtra and Andhra Pradesh, and other general corporate purposes.

Sarthi Capital Advisors serves as the sole book-running lead manager, while Bigshare Services acts as the registrar for the issue.

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