Mon Jan 20 07:57:02 UTC 2025: ## Stallion India Fluorochemicals IPO Oversubscribed by 71 Times on Final Day

**MUMBAI, January 20, 2025** – Stallion India Fluorochemicals’ initial public offering (IPO) concluded today, significantly oversubscribed at 71.48 times. The ₹199.45 crore IPO, comprising a fresh issue and an offer-for-sale, saw bids for 1,10,88,68,640 shares against 1,55,12,978 shares on offer. Retail investors alone oversubscribed their portion by 56.31 times, while non-institutional investors subscribed 201.21 times.

The company, a distributor of refrigerants and industrial gases, operates four facilities and serves diverse sectors including air conditioning, firefighting, and semiconductor manufacturing. The IPO’s strong performance follows anchor investment of ₹59.83 crore on January 15th. The company plans to utilize the IPO proceeds to expand its facilities in Maharashtra and Andhra Pradesh, focusing on semiconductor and specialty gas debulking and blending, and to meet working capital needs.

Chairman & Managing Director Shazad Sheriar Rustomji stated that the funds will support a new phase of growth and expansion. Sarthi Capital Advisors Private Ltd acted as the book running lead manager, and Bigshare Services Private Ltd as the registrar.

Several brokerages have recommended subscribing to the IPO, citing the company’s strong market position and financial performance. However, the grey market premium (GMP) suggests a potential listing price significantly higher than the IPO price of ₹90. The GMP stood at ₹43 today, indicating a potential listing price of ₹133, a 47.78% increase.

**Disclaimer:** *Investors are advised to consult with financial advisors before making any investment decisions.*

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