Check the status and other important facts of the Stallion India Fluorochemicals IPO, which was subscribed to more than 7.08 times on the first day.

On the first day of bidding, 7.08 subscriptions were made to the Stallion India Fluorochemicals IPO. In contrast to the 1,55,12,978 shares offered, 10,97,82,090 bids were placed on the offering.

On January 16, subscriptions for Stallion India Fluorochemicals' initial public offering (IPO) were available. On the first day of bidding, the issue was subscribed to more than 7.08.

Up to 50% of the shares in Stallion India's IPO are designated for qualified institutional buyers (QIBs), at least 15% are designated for non-institutional investors (NIIs), and at least 35% are designated for retail investors.

Distributing industrial gases and refrigerants as well as other goods is the main objective of Stallion India Fluorochemicals. Its primary functions include selling pre-filled cans and debulking, blending, and processing gases and refrigerants. Air conditioning and refrigeration, firefighting, semiconductor manufacturing, automobile manufacturing, pharmaceuticals and healthcare, glass bottle manufacturing, aerosol creation, and spray foam applications are just a few of the industries that the company supports. It manages four establishments.

Stallion India Fluorochemicals IPO subscription status On the first day of bidding, 7.08 subscriptions were made to the Stallion India Fluorochemicals IPO. In contrast to the 1,55,12,978 shares offered, 10,97,82,090 bids were placed on the offering.

With a 10.36 times subscription, the NIIs stole the show, while the retail section was oversubscribed by 9.69 times. On January 16, only 4% of people subscribed to the QIB category.

Details of the Stallion India Fluorochemicals IPO
With a face value of ₹10, the price brand for the Stallion India Fluorochemicals Limited initial public offering has been set between ₹85 and ₹90 per equity share. On Thursday, January 16, the IPO subscription period will open, and it will end on Monday, January 20.

165 equity shares make up the lot size for the Stallion India Fluorochemicals IPO, and following lots will be multiples of 165 equity shares.

On Wednesday, January 24, the distribution of shares for the Stallion India IPO is anticipated to be completed. The shares will be credited to the allottees' demat accounts the same day that the reimbursements are processed, which is scheduled for Thursday, January 25. Shares of Stallion India are expected to go public.