Stallion India IPO subscribed 32 times on day 2; check latest GMP

Stallion India IPO subscribed 25.92 times on Day 2 so far; check latest GMP

Stallion India IPO continues to garner robust subscription on Day 2 of subscription with the issue being subscribed 32 times on the second day of bidding on Friday. The initial share-sale received bids for 49.73 crore shares against 1.55 crore shares on offer, according to NSE data.

The portion for non-institutional investors of the Stallion India Fluorochemicals Ltd fetched 77.04 times subscription while the quota for Retail Individual Investors (RIIs) got subscribed 30.93 times. Qualified Institutional Buyers (QIBs) received 31 percent subscription. At the upper end of the price band, the IPO size is pegged at Rs 199.45 crore.

Refrigerants supplier Stallion India Fluorochemicals on Tuesday fixed a price band of Rs 85-90 per share for its initial public offering (IPO).

The IPO comprises a fresh issue of 1.78 crore equity shares and an offer-for-sale (OFS) component of 43.02 lakh shares by its promoter Shazad Sheriar Rustomji.

Stallion India IPO GMP Today Price

According to market observers tracking the grey market premium activities, the shares of Stallion India are commanding a GMP of about 50 percent in the unofficial market. Investorgain quoted a GMP of Rs 44 for the shares of the company, translating to a listing premium of 48.89 percent.

Stallion India IPO shares will be listed on 23rd January, while the allotment of shares is likely to take place on 21st January. Bigshare Services is the registrar to the issue.

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