Stallion India Fluorochemicals Limited is engaged in the field of selling refrigerant and more product related to industrial gases. Its primary business includes debulking, blending and processing refrigerant and industrial gases, and selling of pre-filled cans and small cans and containers or cylinders.
Issue Size
Stallion India fluorochemicals limited’s IPO is a issue of 199.45 crores. This issue is a combination of fresh issue and OFS(offer for sale). Company is issuing 1.79 crore shares worth of Rs. 160.73 crores and rest 0.43 crore shares worth 38.72 crores of the issue as Offer for Sale.
Important Dates
Stallion India Fluorochemicals Limited IPO will open for subscription on Thursday 16 January 2025 and closes on Monday 20 January 2025. Allotment of Shares is expected to be finalized on Tuesday 21 january 2025 and it’s tentative listing date is thursday 23 january 2025. Stallion India Limited IPO will list on both major exchanges BSE and NSE.
Price Band and Lot size
Stallion India Fluorochemicals Limited IPO price band is fixed at Rs. 85 to Rs. 90 per share. A one lot application has 165 shares and a retail investor requires Rs. 14850 to apply at higher price band of share with one lot. A investor minimum need to apply as sNII is 14 lot means 2310 shares amounting to Rs. 2,07,900 and bNII requires 68 lot means 11220 shares amounting to Rs. 10,09,800.
Lead Manager and Registrar
The running book lead manager of Stallion India Fluorochemicals Limited IPO is Sarthi Capital Advisors Private Limited and registrar of this issue is Bigshare Services Private Limited.
Reservation in IPO
Of total Offering, 50% shares are reserved for Qualified Institutional Buyers(QIB), 35% is reserved for retail and 15% is for NIIs.
Manufacturing Units
Stallion India Fluorochemicals Company has four manufacturing units
Two located in Maharashtra and one in Rajsthan and one in Haryana
Khalapur, Raigad(Maharashtra),
Panvel, Raigad(Maharashtra)
Ghiloth, Alwar(Rajsthan),
Manesar,Gurugram(Haryana)
Growth Opportunities
PEER Competitors
Stallion India operates in very competitive market. These are the main listed PEERs of Stallion India
1. SRF Limited
2. Gujrat Fluorochemicals Limited
3. Navin Fluorine International Limited
Promoters
Shazad Sheriar Rustomji, Manisha Shazad Rustomji and Rohan Shazad Rustomji are the company’s Promoters.
Holding pre issue – 94.63%
Holding post issue – 67.9%
Company’s Financials
Company is profitable in last 2 financial Year and also in first six month of this current financial year. As on 30 september 2023 company has borrowings of 81.05 cr. Company’s revenue is growing with 40 percent CAGR from 2021 to 2023 FY.
Risks
As Of 30 september 2023 Company is generating 85% of total revenue from refrigerant segment.
GMP
According to investigation, Stallion India IPO’s shares are expected to list with gain of of more than 50 percent on Wednesday GMP, but it depends on market conditions and sentiments because now a days market is too much volatile.
Disclaimer:-
- Investing in IPO is subject to market risk please take independent advice from your Investment advisor.