Tue Jan 21 03:37:44 IST 2025: ## Stallion India Fluorochemicals IPO Oversubscribed by Over 188 Times
**Mumbai, January 20, 2024** – The initial public offering (IPO) of Stallion India Fluorochemicals Ltd. concluded on Monday with overwhelming response, exceeding expectations by a significant margin. The IPO, priced between Rs 85 and Rs 90 per share, received bids for 2,92,09,16,790 shares, a staggering 188.29 times oversubscription against the 1,55,12,978 shares on offer.
Retail investors showed strong interest, subscribing 96.76 times their allotted quota. Non-institutional investors (NIIs) were even more enthusiastic, with a 422.33 times oversubscription. Qualified Institutional Buyers (QIBs) also participated significantly, subscribing 172.93 times.
The IPO, which opened on January 16th, saw progressively increasing demand, with 7.16 times subscription on the first day and 32.23 times on the second.
Allotment of shares is scheduled for Tuesday, January 21st. Investors can check their allotment status on the websites of the Bombay Stock Exchange (BSE) [https://www.bseindia.com/investors/appli_check.aspx](https://www.bseindia.com/investors/appli_check.aspx) and the National Stock Exchange (NSE), as well as on the registrar Bigshare Services’ portal [https://www.bigshareonline.com/ipo_allotment.html](https://www.bigshareonline.com/ipo_allotment.html). Listing on both exchanges is slated for January 23rd.
The grey market currently indicates a strong positive outlook for investors, with unlisted shares trading at Rs 132, a 46.67% premium over the upper IPO price. This suggests a potentially significant listing gain for successful applicants.
First Piper 