On the last day of bidding on January 20, investors showed a lot of interest in the Stallion India Fluorochemicals Ltd IPO. So far, investors had subscribed more than 70 times to the issue. In contrast to the issue size of 1.55 crore shares, 108.73 crore shares have been bid on in the IPO.

Subscription across all categories

With nearly 197 times bookings of the portion designated for them, non-institutional investors (NIIs) are still at the forefront of the subscription rally.

The reserved portion has been subscribed for by retail investors approximately 55 times so far.

Qualified Institutional Buyers (QIBs) have responded to the IPO with a lackluster response thus far. 72 per cent of the portion set aside for them has been subscribed.

Price band and minimum bid

The price range for Stallion India's IPO is Rs 85 to Rs 90 per share. An application must have a minimum lot size of 165. Retail investors are required to invest a minimum of Rs 14,850.

For bNII, the minimum lot size investment is 68 lots comprising of 11,220 shares amounting to Rs 10,09,800, and for sNII, it is 14 lots comprising of 2,310 shares amounting to Rs 2,07,900.

Listing and subscription dates

Bidding for Stallion India's initial public offering (IPO) began on January 16, 2025, and ended on January 20, 2025. On Tuesday, January 21, 2025, the allocation for the Stallion India IPO is anticipated to be finalised.

The tentative listing date for the Stallion India IPO is Thursday, January 23, 2025, and it will be listed on the BSE and NSE.

GMP (grey market price)

According to data on Investorgain, on January 20, the company's unlisted shares were trading at Rs 133, a grey market premium of 47.78 per cent.

Book running lead manager and registrar

The Stallion India IPO's book running lead manager is Sarthi Capital Advisors Private Limited, and the issue's registrar is Bigshare Services Pvt Ltd.