Stallion India Fluorochemicals Limited, a leading player in the refrigerant and industrial gases market, is set to
launch its IPO on January 16, 2025, with a total issue size of ₹199.45 Crores, including a fresh issue of ₹160.73 Crores. The IPO is led by Sarthi Capital Advisors Private Limited and registrar Bigshare Services Pvt Ltd.
Refer to Stallion India IPO RHP for detailed information.
Key Details of Stallion India Fluorochemicals Limited IPO
The Stallion India IPO is set to open on January 16, 2025, and close on January 20, 2025, with the aim of raising ₹199.45 crores through a fresh issue and offer-for-sale.
IPO Dates | January 16, 2025 – January 20, 2025 |
---|---|
Price Band | ₹85 to ₹90 per share |
Lot Size | 165 shares |
Minimum Investment | ₹14,850 for retail investors |
Total Issue Size | 2,21,61,396 shares (₹199.45 crores) |
Fresh Issue | 1,78,58,740 shares (₹160.73 crores) |
Offer for Sale | 43,02,656 shares (₹38.72 crores) |
Listing Date | January 23, 2025 |
Listing At | BSE, NSE |
The application requires a minimum lot size of 165 shares, with retail investors needing ₹14,850, high net-worth individuals needing 14 lots (2,310 shares), and big HNIs needing 68 lots (11,220 shares).
Category | Lot Size | Shares | Investment Amount |
---|---|---|---|
Retail (Min) | 1 lot | 165 shares | ₹14,850 |
Retail (Max) | 13 lots | 2,145 shares | ₹1,93,050 |
S-HNI (Min) | 14 lots | 2,310 shares | ₹2,07,900 |
S-HNI (Max) | 67 lots | 11,055 shares | ₹9,94,950 |
B-HNI (Min) | 68 lots | 11,220 shares | ₹10,09,800 |
Stallion India Fluorochemicals Limited Overview
Stallion India Fluorochemicals Limited is into the business of selling Refrigerant gases and Industrial Gases and related products. Stallion India primary business consists of debulking, blending and processing of refrigerant and Industrial gases and selling of pre filled cans.
- Refrigerants are gases used in various cooling systems, such as air conditioners and refrigerators, to absorb and release heat during the refrigeration cycle.
- Debulking– It is the process where Gases from Bulk transport containers of 20,000 Kilos (called ISO Tanks) are unloaded into the companies Bulk Storage Tanks for Bulk storage and onwards processing or blending.
- Blending – It is a process done by mixing two or more gases in a process with controlled volumes, ratio , temperatures to create an entirely new Gas mixture or “Blend” with specific properties suitable for a particular application.
Stallion India Fluorochemicals Limited primary objective is to establish ourselves as a reliable supplier of refrigerants gases, catering to both bulk and small cylinder/container requirements to original equipment manufacturers (OEM’s). Stallion India Limited gases find application in various industries/segments such as Air conditioners & Refrigerators, Fire Fighting, Semiconductor manufacturing, Automobile Manufacturing, Pharma and Medicals, Semiconductors, Glass bottle manufacturing, Aerosols and Spay foam. With over two decades of extensive experience in large-scale Fluorochemicals debulking bottling & distribution, we specialize in refrigerants gases by blending two or more gases to create new formulations.
Stallion India operates four plants located in:
- Khalapur, Raigad (Maharashtra)
- Ghiloth, Alwar (Rajasthan)
- Manesar, Gurugram (Haryana)
- Panvel, Raigad (Maharashtra)
Competitive Strengths
Stallion India Fluorochemicals Limited boasts several competitive strengths:
- Strong Market Recognition: The company has established a robust market presence and is well-recognized in the industry.
- Business Model: The company’s business model allows it to mitigate operational risks effectively.
- Diverse Customer Base: Stallion India has a wide customer base across high-growth industries and maintains long-standing relationships with its customers.
- Experienced Leadership: The company’s promoters and key managerial personnel bring a wealth of experience and expertise.
- Consistent Financial Performance: Stallion India has a track record of consistent financial performance, which underscores its stability and growth potential.
Stallion India Fluorochemicals Limited Financial Performance
The financial performance of Stallion India Fluorochemicals Limited over the past few years has been impressive. Here is a summary of the company’s restated consolidated financial information:
Period Ended | 30 Sep 2024 | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
---|---|---|---|---|
Assets (₹ Cr) | 235.69 | 203.14 | 126.18 | 98.01 |
Revenue (₹ Cr) | 141.53 | 236.23 | 226.06 | 186.34 |
Profit After Tax (₹ Cr) | 16.57 | 14.79 | 9.75 | 21.11 |
Net Worth (₹ Cr) | 134.53 | 117.96 | 70.70 | 60.94 |
Total Borrowing (₹ Cr) | 81.05 | 65.35 | 18.27 | 1.97 |
key performance indicators (KPIs) as of March 31, 2024
KPI | Value |
---|---|
ROE | 12.54% |
ROCE | 13.96% |
Debt/Equity | 0.55 |
RoNW | 12.54% |
PAT Margin | 6.26% |
Price to Book Value | 4.69 |
Use of Proceeds:-
The net proceeds from the fresh issue of shares will be utilized for the following purposes:
- Funding Incremental Working Capital Requirements: To support the company’s day-to-day operations and expansion plans.
- Capital Expenditure for Semiconductor & Specialty Gas Facilities: Funding capital expenditure requirements for the semi-conductor & specialty gas debulking & blending facility in Khalapur, Maharashtra.
- Capital Expenditure for Refrigerant Facilities: Funding capital expenditure requirements for the refrigerant debulking & blending facility in Mambattu, Andhra Pradesh.
- General Corporate Purposes: For other business needs and growth initiatives.
Stallion India Fluorochemicals Limited IPO Timeline
Event | Date |
---|---|
IPO Open Date | January 16, 2025 |
IPO Close Date | January 20, 2025 |
Basis of Allotment | January 21, 2025 |
Initiation of Refunds | January 22, 2025 |
Credit of Shares to Demat | January 22, 2025 |
Listing Date | January 23, 2025 |
Cut-off Time for UPI Mandate Confirmation | 5 PM on January 20, 2025 |
Investor Reservation:-
Investor Category | Shares Offered |
---|---|
Qualified Institutional Buyers (QIBs) | Not more than 50% of the offer |
Non-Institutional Investors (NIIs) | Not less than 15% of the offer |
Retail Investors | Not less than 35% of the offer |
Stallion India ltd Promoter Holding
Stallion India Fluorochemicals Limited is promoted by Shahzad Sheriar Rustomji, Manisha Shazad Rustomji, and Rohan Shazad Rustomji.
The pre-issue shareholding stands at 94.63%, which will be reduced to 67.90% post-issue.
How to Apply for Stallion India IPO
To apply for the Stallion India IPO, utilize online platforms like Zerodha, Upstox, or Angel One, following the steps provided through Zerodha.
- Login to Console: Go to console.zerodha.com and log in with your credentials.
- Click on Portfolio: Select “IPO” from the portfolio dropdown.
- Select the IPO: Choose Stallion India Fluorochemicals Limited IPO from the list of available IPOs.
- Enter Bid Details: Enter the number of shares and price at which you want to bid.
- Submit: Click on “Submit” to place your bid.
- UPI Mandate: Approve the UPI mandate request on your UPI app.
Read more IPO details — Digitalmediapoint.com
stallion india fluorochemicals ipo gmp
According to investorgain.com, Stallion India IPO last GMP is ₹48, last updated Jan 15th 2025 08:54 PM. With the price band of 90.00, Stallion India IPO’s estimated listing price is ₹138 (cap price + today’s GMP).