Stallion India Fluorochemicals made an impressive entry into the market, with its shares soaring by 33% on the very first day of listing. On Thursday, the stock opened at ₹120 on both the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE), which represents a 33.33% increase from the issue price of ₹90. This remarkable gain speaks volumes about the market’s positive reception and the company’s strong potential.
A Closer Look at Stallion India Fluorochemicals’ IPO Performance
The company raised a total of ₹199.45 crore through its Initial Public Offering (IPO), which consisted of 1.78 crore new shares and an Offer for Sale (OFS) of 43.02 lakh shares. The IPO’s price band was set between ₹85 to ₹90 per share, and the company’s performance exceeded expectations. On the final day of bidding, the IPO was subscribed a staggering 188.38 times, indicating significant investor interest in Stallion India Fluorochemicals and the fluorochemical industry as a whole.
The overwhelming demand and the positive market response to the IPO reflect the company’s growing prominence in the refrigerants and fluorochemical supply chain. The high subscription rate showcases confidence in the company’s business model, market potential, and the strength of the fluorochemical sector. Stallion India Fluorochemicals’ performance post-listing further confirms this optimism, with the stock’s initial trading indicating strong growth prospects for the company in the long term.
Market Capitalization and Listing Overview
Stallion India Fluorochemicals’ listing on the exchanges gave the company a market capitalization of approximately ₹999.42 crore on the BSE and ₹999.50 crore on the NSE. This valuation places the company among the significant players in the fluorochemical market, with strong prospects for further expansion. Investors and analysts will continue to closely follow the stock’s performance, as the company’s future growth prospects look promising.
