New Delhi, Oct. 2 -- Stallion India Fluorochemicals, which made its stock market debut earlier this year, has turned out to be a wealth creator for early investors. The stock has been on a one-way rally since listing, and even during phases of broader market volatility, it managed to maintain its momentum, translating into massive gains for shareholders.

The shares entered the Indian stock market in late January with a strong listing premium of 33.33% at Rs.120 compared to the issue price of Rs.90 and closed their debut day at Rs.144 apiece, about 60% higher than the issue price. The stellar entry reflected the strong investor interest in the IPO, which was subscribed 188 times.

Following its grand debut, the stock closed the next seven...