Stallion India Fluorochemicals Limited is set to launch its initial public offering (IPO) to raise funds amounting to ₹199.45 crores. The issue includes a fresh issue of ₹160.73 crores and an offer for sale (OFS) component of ₹38.72 crores. This IPO is expected to strengthen the company’s financial position and support its expansion plans.
IPO Date: January 16, 2025, to January 20, 2025
Listing Date: January 23, 2025 (Tentative)
Face Value: ₹10 per share
Price Band: ₹85 to ₹90 per share
Lot Size: 165 Shares
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)
Issue Type: Book Built Issue IPO
Listing At: BSE, NSE
| Category | Shares Offered | Percentage |
|---|---|---|
| Anchor Investors | 66,48,418 | 30% |
| Qualified Institutional Buyers (QIB) | 44,32,279 | 20% |
| Non-Institutional Investors (NII) | 33,24,210 | 15% |
| Retail Investors | 77,56,489 | 35% |
| Total | 2,21,61,396 | 100% |
Bid Date: January 15, 2025
Shares Offered: 66,48,418
Anchor Portion Size: ₹59.84 Crores
Lock-in Period End Dates:
50% of shares: February 20, 2025
Remaining shares: April 21, 2025
| Application | Lots | Shares | Amount |
| Retail (Min) | 1 | 165 | ₹14,850 |
| Retail (Max) | 13 | 2145 | ₹1,93,050 |
| S-HNI (Min) | 14 | 2310 | ₹2,07,900 |
| S-HNI (Max) | 67 | 11,055 | ₹9,94,950 |
| B-HNI (Min) | 68 | 11,220 | ₹10,09,800 |
| Stage | Shareholding |
| Pre Issue | 94.63% |
| Post Issue | 67.90% |
Incorporated in 2002, Stallion India Fluorochemicals Limited specializes in the sale of refrigerants and industrial gases, as well as related products. The company’s operations include debulking, blending, and processing gases, and selling pre-filled cans and small cylinders. Its products cater to industries such as automotive, electronics, healthcare, semiconductors, and fire extinguishers.
Key Strengths:
Strong market recognition
Resilient business model with operational risk mitigation
Established customer base across high-growth industries
Experienced promoters and management team
Consistent financial performance
| Period Ended | Assets (₹ Cr) | Revenue (₹ Cr) | PAT (₹ Cr) | Net Worth (₹ Cr) | Total Borrowing (₹ Cr) |
| March 31, 2022 | 98.01 | 186.34 | 21.11 | 60.94 | 1.97 |
| March 31, 2023 | 126.18 | 226.06 | 9.75 | 70.70 | 18.27 |
| March 31, 2024 | 203.14 | 236.23 | 14.79 | 117.96 | 65.35 |
| September 30, 2024 | 235.69 | 141.53 | 16.57 | 134.53 | 81.05 |
Market Capitalization: ₹713.93 Crores
ROE: 12.54%
ROCE: 13.96%
Debt/Equity Ratio: 0.55
PAT Margin: 6.26%
Price to Book Value: 4.69
The net proceeds from the fresh issue will be utilized for:
Funding incremental working capital requirements.
Capital expenditure for semiconductor & specialty gas debulking and blending facility in Khalapur, Maharashtra.
Capital expenditure for refrigerant debulking and blending facility in Mambattu, Andhra Pradesh.
General corporate purposes.
Stallion India Fluorochemicals Limited’s IPO offers a promising opportunity for investors, given its strong financial performance, competitive advantages, and growth-oriented objectives. With its well-established presence in diverse industries and strategic expansion plans, Stallion is poised to deliver long-term value to its stakeholders.
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