Stallion India Fluorochemicals Limited IPO

Mainboard

Industrial Gases

Listed On: Jan 23, 2025 at ₹ 120.0(NSE)

₹ 14850 /165 Shares

Check Allotment

Price Summary

Last Closing

74.05 (-17.72%)

52 Week High

125.00

52 Week Low

60.00

Last Update

24-Mar-2025 3:30 PM

Stallion India Fluorochemical IPO Details

16 Jan, 2025

Open Date

20 Jan, 2025

Close Date

21 Jan, 2025

Allotment Date

23 Jan, 2025

Listing Date

Issue Price

₹85-90 per equity share

Face Value

₹10 Per Equity Share

Listing at Group

BSE, NSE

Registrar

Bigshare Services Pvt Ltd

List Price

120.0(NSE)

Listing Date

2025-01-23

Market Lot

Retail : 165 Shares (₹14,850/-)
S-HNI : 2,310 Shares (₹2,07,900/-)
B-HNI : 11,220 Shares (₹10,09,800/-)

Lead Manager

Sarthi Capital Advisors Private Limited

Issue Size

Total ₹199.45 Cr :
#Fresh Issue : 1,78,58,740 shares(aggregating up to ₹160.73 Cr) +
#OFS : 43,02,656 shares of ₹10(aggregating up to ₹38.72 Cr)

Retail Portion

35% (Number of Retail Applications: 47,009 Approx),
(Number of S-HNI Applications : 480 Approx),
(Number of B-HNI Applications : 959 Approx)

Subscription

188.37 times

IPO Docs

DRHP RHP ANCHOR

The IPO of Stallion India Fluorochemical is priced at ₹85-90 per equity share, which has a face value of ₹10 Per Equity Share each. The company shall list its equity shares on BSE, NSE. Bigshare Services Pvt Ltd is the registrar of the issue.

Stallion India Fluorochemical IPO bid opening date is from Jan 16, 2025 and the bid closing date was Jan 20, 2025.
Stallion India Fluorochemical IPO allotment result will be available on Jan 21, 2025. The tentative listing date for Stallion India Fluorochemical is Jan 23, 2025.

The total issue size is Total ₹199.45 Cr : #Fresh Issue : 1,78,58,740 shares(aggregating up to ₹160.73 Cr) + #OFS : 43,02,656 shares of ₹10(aggregating up to ₹38.72 Cr).

As on	QIB	NII bNII sNII	Retail	Total
Shares Offered / Reserved	44,32,279	33,24,210 22,16,140 11,08,070	77,56,489	1,55,12,978
Day 1 - 16-01-25 05:00 PM	0.04 x	10.36 7.91 x 15.27 x	9.69 x	7.08 x
Day 2 - 17-01-25 05:00 PM	0.31 x	77.08 77.39 x 76.46 x	31.03 x	32.12 x
Day 3 - 20-01-25 05:00 PM	172.93 x	422.42 472.89 x 321.49 x	96.90 x	188.37 x

Total No. of Applications: 50,83,342 (Approx)

Retail Subscription on the basis of Applications: Retail:78.18x BHNI:94.75x SHNI:306.12x times

Stallion India Fluorochemical Valuations

EPS Pre IPO

₹2.41/-

EPS Post IPO

₹4.18/-

P/E Pre IPO

37.41

P/E Post IPO

21.55

ROE

12.54%

ROCE

13.96%

Debt/Equity

0.55

RoNW

12.54%

PAT Margin

6.26

Price to Book Value

4.69

Stallion India Fluorochemical Company Financials All values are in ₹ Cr.

	30-Sep-24	31-Mar-24	31-Mar-23	31-Mar-22
Assets	235.69	203.14	126.18	98.01
Revenue	141.53	236.23	226.06	186.34
Profit After Tax	16.57	14.79	9.75	21.11
Net Worth	134.53	117.96	70.7	60.94
Total Borrowing	81.05	65.35	18.27	1.97

About The Company

Stallion India Fluorochemicals Limited has been involved in the sale of Refrigerant and Industrial Gases and their derivatives since incorporation in 2002. Debukling, blending, and processing Refrigerant and Industrial gases with sale of pre-filled cans and small Cylinders/Containers forms the major part of its business.

It operates four Plants situated at Khalapur, Raigad (Maharashtra), Ghiloth, Alwar (Rajasthan), Manesar, Gurugram (Haryana), and Panvel, Raigad (Maharashtra).

Stallion India Fluorochemicals Limited (Stallion) sells gases, widely categorized as Fluorochemicals. Major application of these chemical contains is refrigeration. Stallion's products, including gases, are used in multiple sectors of society such as semiconductor production, automobiles, electronic industry, pharmacy, healthcare, fire extinguishers, foam spray, bottle glass manufacturing, and aerosol manufacturing.

Stallion India Fluorochemical - Strength and Weakness

Strength

The company has been in the field for over 2 decades, with strong market recognition in the specialty gases industry.

Going forward, the company is focused on its strategic vision to diversify its existing product portfolio by incorporating new products that align synergistically with its current offerings.

Weakness

The company’s promoters and its directors are outstanding legal proceedings. Any failure to defend these proceedings successfully may hurt its business prospects, financial condition, results of ongoing operations and reputation.

The company has high working capital requirements. Its inability to meet its working capital requirements may have a material adverse effect on our business, financial condition and results of operations.

Stallion India Fluorochemical - Promoter(s)

Pre Issue Share Holding: 94.63%

Post Issue Share Holding: 67.90%

Company Promoter(s)

Shazad Sheriar Rustomji
Manisha Shazad Rustomji
Rohan Shazad Rustomji

Stallion India Fluorochemical IPO - Issue Objectives

Funding incremental working capital requirements of the Company.
Funding capital expenditure requirements for our Semi-conductor & Specialty Gas debulking & blending facility (Khalapur, Maharashtra).
Funding capital expenditure requirements for our Refrigerant debulking & blending facility (“Mambattu, Andhra Pradesh”).
General Corporate Purposes.

Stallion India Fluorochemical IPO - Anchor Investors

Stallion India Fluorochemicals mobilises nearly Rs 60 crore via anchor book.

The six anchor investors that participated in the anchor book were Saint Capital Fund, Ashika Global Securities, Craft Emerging Market Fund, Mint Focussed Growth Fund, Ashika India Select Fund, and Leading Light Fund.

Other Details

Company Contact Details

Stallion India Fluorochemical

2, A Wing, Knox Plaza, Off. Link Road, Mindspace, Malad - (West), Mumbai - 400064

Phone: 022-43510000

Email: compliance@stallion.in

Website: https://stallionfluorochemicals.com/

Registrar Contact Details

Bigshare Services Pvt Ltd

Phone: +91-22-6263 8200

Email: ipo@bigshareonline.com

Website: https://ipo.bigshareonline.com/ipo_status.html

Stallion India Fluorochemical IPO - FAQs

Ans. Stallion India Fluorochemicals Limited IPO is a Mainboard IPO. The issue is priced at ₹85-90 per equity share. The minimum order quantity is 165 Shares. The IPO opens on Jan 16, 2025, and closes on Jan 20, 2025. Bigshare Services Pvt Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.

Ans. The Stallion India Fluorochemicals Limited IPO opens on Jan 16, 2025 and closes on Jan 20, 2025.

Ans. The size of Stallion India Fluorochemicals Limited IPO is Total ₹199.45 Cr : #Fresh Issue : 1,78,58,740 shares(aggregating up to ₹160.73 Cr) + #OFS : 43,02,656 shares of ₹10(aggregating up to ₹38.72 Cr).

Ans. The IPO price band is set between ₹85-90 per equity share.

Ans. To apply for Stallion India Fluorochemicals Limited IPO IPO, follow the steps given below:

- Open the IPO Ji App or Website
- Find Stallion India Fluorochemicals Limited IPO in the List of IPOs
- Press "Apply" Button
- Select Your Demat Account
- Select Your Shares Quantity and Submit
- Track Your IPO Status

Ans. The share allotment date of Stallion India Fluorochemicals Limited IPO is Jan 21, 2025.

Ans. The Stallion India Fluorochemicals Limited IPO will be listed on Jan 23, 2025.

Ans. Follow the steps to check the allotment status for Stallion India Fluorochemicals Limited IPO here.