The much-anticipated Stallion India Fluorochemicals IPO is set to hit the markets on January 16, 2025, with a price band of ₹85-₹90 per share. The company, a key player in refrigerants and industrial gases, aims to raise ₹199.45 crore through this IPO. With its niche expertise and growing presence across industries, Stallion India is poised to attract significant attention from retail and institutional investors.
Stallion India Fluorochemicals IPO Overview
Stallion India Fluorochemicals is a leading distributor of refrigerants and industrial gases. The company caters to diverse industries such as air conditioning, firefighting, pharmaceuticals, automobile manufacturing, and more. The IPO proceeds will help finance working capital needs, expand infrastructure, and fuel future growth.
Key IPO Details
| Detail | Information |
|---|---|
| Price Band | ₹85-₹90 per equity share |
| Face Value | ₹10 per equity share |
| IPO Dates | January 16 to January 20, 2025 |
| IPO Size | ₹199.45 crore |
| Fresh Issue | ₹160.73 crore |
| Offer for Sale (OFS) | 43,02,656 shares |
| Minimum Lot Size | 165 shares |
| Listing Date | January 29, 2025 |
| Stock Exchanges | BSE and NSE |
Industry and Business Highlights
Stallion India operates across four facilities and serves sectors such as semiconductors, spray foam applications, and glass bottle manufacturing. Its robust client base and consistent service quality have cemented its reputation as a reliable industry leader.
Recent Financial Performance
The company has shown strong financial growth, with its revenue and profit figures reflecting healthy demand for its products and services.
- FY24 Revenue: ₹23,323.58 Lakhs
- FY24 EBITDA: ₹2,670.48 Lakhs
- FY24 PAT: ₹1,478.83 Lakhs
- H1 FY25 Revenue: ₹14,073.15 Lakhs
- H1 FY25 EBITDA: ₹2,553.76 Lakhs
- H1 FY25 PAT: ₹1,656.51 Lakhs
IPO Objectives
The IPO proceeds are earmarked for:
- Expanding the semiconductor and specialty gas debulking and blending facility in Khalapur, Maharashtra.
- Enhancing refrigerant debulking and blending capabilities in Mambattu, Andhra Pradesh.
- Meeting incremental working capital requirements.
- General corporate purposes to support operational efficiency and growth.
IPO Subscription and Allotment
The subscription window opens on January 16 and closes on January 20, 2025.
- Anchor Investor Allocation: January 15, 2025
- Basis of Allotment: January 24, 2025
- Refund Initiation: January 25, 2025
- Demat Credit: January 25, 2025
- Listing Date: January 29, 2025
The IPO has a reserved allocation of:
- 50% for Qualified Institutional Buyers (QIBs)
- 15% for Non-Institutional Investors (NIIs)
- 35% for Retail Investors
Why Invest in Stallion India Fluorochemicals IPO?
The company’s focus on high-demand sectors like semiconductors and pharmaceuticals positions it for sustained growth. Its financial performance, coupled with strong industry fundamentals, makes this IPO an attractive proposition for investors.
The IPO’s competitive pricing at ₹85-₹90 per share, relative to peers like Navin Fluorine International Ltd (P/E 70.82), SRF Ltd (P/E 49.30), and Gujarat Fluorochemicals Ltd (P/E 108.36), suggests potential value.
FAQs
What is the price band for the Stallion India Fluorochemicals IPO?
The price band is set between ₹85 and ₹90 per equity share.
When will the Stallion India Fluorochemicals IPO open and close?
The IPO opens on January 16, 2025, and closes on January 20, 2025.
What is the lot size for the IPO?
The minimum lot size is 165 equity shares, with additional purchases in multiples of 165.
What are the IPO proceeds being used for?
The funds will be utilized for expanding facilities, meeting working capital needs, and supporting corporate purposes.
When will the shares be listed on stock exchanges?
The shares are expected to list on January 29, 2025, on both BSE and NSE.
How does Stallion India Fluorochemicals compare to its peers?
With a competitive P/E ratio and strong financial performance, the company is well-positioned against peers like Navin Fluorine and SRF Ltd.
What industries does the company serve?
Stallion India caters to diverse sectors including semiconductors, air conditioning, firefighting, and pharmaceuticals.
Who are the lead managers for the IPO?
The book-running lead manager is Sarthi Capital Advisors Private Ltd, and the registrar is Bigshare Services Private Ltd.
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