Stallion India Fluorochemicals IPO: Strong Demand, Positive Grey Market Sentiments, and Expert Recommendations

The much-awaited Stallion India Fluorochemicals IPO has officially opened for subscription, starting on January 16, 2025, and will remain open until 5:00 PM on January 20, 2025. This public offering is designed to list on both the BSE (Bombay Stock Exchange) and the NSE (National Stock Exchange), and it is already receiving a strong response from investors. Stallion India Fluorochemicals aims to raise ₹199.45 crore, which includes a mix of fresh shares and an offer for sale (OFS), through this IPO.
Price Band and Grey Market Sentiments
The Stallion India Fluorochemicals IPO has set a price band of ₹85 to ₹90 per equity share, offering a compelling opportunity for investors. The grey market is showing strong positive sentiments toward the issue, with Stallion India Fluorochemicals IPO shares currently commanding a premium of ₹40 in the grey market today. Despite the generally bearish mood on the Indian stock market, the grey market premium (GMP) remains steady at ₹40, which reflects investor optimism regarding the company’s potential.
Subscription Status
The IPO has garnered impressive demand, with 32.12 times subscription already recorded after the first two days of bidding. Notably, the retail portion has been booked 31.03 times, the NII (Non-Institutional Investors) portion is oversubscribed by 77.08 times, and the QIB (Qualified Institutional Buyers) segment has seen 31% of its quota filled. This level of interest indicates strong investor confidence in Stallion India Fluorochemicals’ business model and future prospects.
Expert Opinions on Stallion India Fluorochemicals IPO
Industry experts have generally been positive about the IPO. Prathamesh P Masdekar, a Research Analyst at Stoxbox, has given the Stallion India Fluorochemicals IPO a ‘subscribe’ recommendation, citing its reasonable price at a P/E of 35.4x based on FY24 earnings. He believes that the company’s financial performance justifies this valuation, making it a solid investment.
In addition, Bajaj Broking has also issued a ‘subscribe’ recommendation for the IPO. According to the firm, Stallion India Fluorochemicals has carved a niche in the refrigerant and industrial gas sector, offering high-quality, cost-effective products. Their strategic shift toward high-margin products is expected to enhance profitability, and management remains optimistic about future earnings growth. Given its financial track record and strong market positioning, Bajaj Broking sees the IPO as a good option for medium to long-term investment.
Stallion India Fluorochemicals IPO Key Dates
- Subscription Period: January 16, 2025, to January 20, 2025 (5:00 PM IST)
- IPO Allotment Date: Likely to be January 21, 2025
- IPO Listing Date: Expected on January 23, 2025
The official registrar for the Stallion India Fluorochemicals IPO is Bigshare Services Private Limited.
Conclusion
With a robust subscription rate, strong grey market signals, and positive expert reviews, the Stallion India Fluorochemicals IPO is shaping up to be a promising investment opportunity. Investors looking to capitalize on the growing demand for refrigerant and industrial gases may find this IPO appealing for both short-term gains and long-term growth.