Stallion India Fluorochemicals IPO Price: ₹85 to ₹90 per share
IPO Dates: 16 January 2025 – 20 January 2025
Company Overview
Incorporated in 2002, Stallion India Fluorochemicals Limited specializes in selling refrigerants, industrial gases, and related products. The company’s core operations include debulking, blending, and processing these gases, along with selling pre-filled cans and small cylinders or containers.
Manufacturing Facilities
Stallion operates through four strategically located plants:
- Khalapur, Raigad (Maharashtra)
- Ghiloth, Alwar (Rajasthan)
- Manesar, Gurugram (Haryana)
- Panvel, Raigad (Maharashtra)
These facilities enable the company to meet diverse customer needs efficiently across various regions.
Product Offerings and Applications
Stallion India Fluorochemicals specializes in gases primarily classified as Fluorochemicals, which serve as essential refrigerants across various industries. These gases are vital components in several high-demand sectors, including semiconductor manufacturing, where precision and reliability are critical.
In the automotive and electronics industries, they are utilized for cooling systems and other essential applications, ensuring optimal performance and efficiency. The pharmaceutical and healthcare sectors also rely on these gases for various processes that demand stringent quality standards.
Furthermore, Stallion’s products are integral to the manufacturing of fire extinguishers, providing safety solutions, and are extensively used in spray foam production, contributing to insulation and construction applications. In addition, they are crucial for glass bottle manufacturing, enabling high-quality production processes, and for aerosol production, catering to diverse consumer and industrial needs. This broad spectrum of applications highlights the versatility and significance of Stallion’s fluorochemical products in meeting the demands of multiple high-growth industries.
Competitive Strengths
Stallion India Fluorochemicals Limited boasts several competitive advantages that drive its success:
- Strong Market Recognition: The company is well-regarded in the industry for its quality and reliability.
- Resilient Business Model: Stallion demonstrates a robust ability to mitigate operational risks.
- Diverse Customer Base: The company serves high-growth industries and maintains long-standing relationships with clients.
- Experienced Leadership: The promoter and key managerial personnel bring extensive industry expertise.
- Consistent Financial Performance: Stallion has a proven track record of delivering stable financial results.
This combination of strengths positions Stallion as a leader in the fluorochemical and industrial gas sectors.
Bidding Starts In
Stallion India Fluorochemicals IPO Specifics:
| IPO Date | January 16, 2025 to January 20, 2025 |
| Listing Date | Thursday, January 23, 2025 |
| Face Value | ₹10 per share |
| Price Band | ₹85 to ₹90 per share |
| Lot Size | 165 Shares |
| Total Issue Size | 2,21,61,396 shares (aggregating up to ₹199.45 Cr) |
| Fresh Issue | 1,78,58,740 shares (aggregating up to ₹ 160.73 Cr) |
| Offer For Sale | 43,02,656 shares (aggregating up to ₹38.72 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE, NSE |
| Share holding pre issue | 6,14,66,514 shares |
| Share holding post issue | 7,93,25,254 shares |
Stallion India Fluorochemicals IPO Timetable (Important Dates)
| IPO Open Date | Thursday, January 16, 2025 |
| IPO Close Date | Monday, January 20, 2025 |
| Basis of Allotment | Tuesday, January 21, 2025 |
| Initiation of Refunds | Wednesday, January 22, 2025 |
| Credit of Shares to Demat | Wednesday, January 22, 2025 |
| Listing Date | Thursday, January 23, 2025 |
| Cut-off time for UPI mandate confirmation | 5 PM on January 20, 2025 |
Stallion India Fluorochemicals IPO Lot Size
Bidders have the opportunity to bid for a minimum of 165 shares, with the option to increase in multiples. The table below outlines the minimum and maximum investment thresholds for both retail investors and High Net Worth Individuals (HNIs), specifying the corresponding number of shares and amounts involved.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 165 | ₹14,850 |
| Retail (Max) | 13 | 2,145 | ₹1,93,050 |
| S-HNI (Min) | 14 | 2,310 | ₹2,07,900 |
| S-HNI (Max) | 67 | 11,055 | ₹9,94,950 |
| B-HNI (Min) | 68 | 11,220 | ₹10,09,800 |
Stallion India Fluorochemicals IPO Reservation
| QIB Shares Offered | Not more than 50% of the Net offer |
| Retail Shares Offered | Not less than 35% of the Offer |
| NII (HNI) Shares Offered | Not less than 15% of the Offer |
Stallion India Fluorochemicals Limited IPO Financial Information
| Period Ended | 31 Mar 2022 | 31 Mar 2023 | 31 Mar 2024 | 30 Sep 2024 |
|---|---|---|---|---|
| Assets | 98.01 | 126.18 | 203.14 | 235.69 |
| Revenue | 186.34 | 226.06 | 236.23 | 141.53 |
| Profit After Tax | 21.11 | 9.75 | 14.79 | 16.57 |
| Net Worth | 60.94 | 70.7 | 117.96 | 134.53 |
| Total Borrowing | 1.97 | 18.27 | 65.35 | 81.05 |
Key Performance Indicator – Stallion India Fluorochemicals IPO
| KPI | Values |
|---|---|
| Market Cap | ₹713.96 Cr |
| EPS | ₹2.41 |
| P/E (x) | 37.41 |
| ROE | 12.54% |
| ROCE | 13.96% |
| Debt / Equity | 0.55 |
| RoNW | 12.54% |
Objects of the Issue:
The funds raised through the Fresh Issue will be utilized for the following purposes:
- Incremental Working Capital: To meet the growing working capital requirements of the company.
- Capital Expenditure for Semi-conductor & Specialty Gas Facility: To fund the development and enhancement of the debulking and blending facility located in Khalapur, Maharashtra.
- Capital Expenditure for Refrigerant Facility: To support the debulking and blending facility for refrigerants situated in Mambattu, Andhra Pradesh.
- General Corporate Purposes: To address other strategic and operational needs of the company.
Prospectus Links:
Prospectus: Official documents that provide detailed information about the IPO and the company.
