Stallion India IPO Details

Stallion India Fluorochemicals IPO is 100% Book Building issue of Rs. 199.45 crores. Stallion India Fluorochemicals IPO open date is January 16, 2025 and the IPO will close on January 20, 2025.

The allotment of Stallion India Fluorochemicals IPO date is Januarpy 21, 2025. The IPO will be listed on BSE, NSE on January 23, 2025 and the price band of the IPO has been set at ₹85 to ₹90 per share. The minimum lot size for an application is 33 shares.

The company reported profit of ₹14.79 crores in 2024 against profit of ₹9.75 crores in 2023. The company reported revenue of ₹236.23 crores in 2024 against ₹226.06 crore in 2023.

Stallion India Fluorochemicals IPO Details –

Symbol	STALLION
Issue Period	16-Jan -2025 to 20-Jan-2025
Listing Date	January 23, 2025
Price Range	₹85 to ₹90 Per Share
Lot Size	165 Shares and in multiples thereof
Face Value	₹10 per share
Total Issue Size	2,21,61,396 shares, ₹- crores
Fresh Issue	1,78,58,740 shares, ₹- crores
Offer for Sale	43,02,656 shares, ₹- crores
Issue Type	100% Book Building
Retail Quata	35%
NII Quata	15%
QIB Quata	50%
Employee Discount	no

 

Stallion India Fluorochemicals IPO Schedule (Provisional) –

Stallion India Fluorochemicals IPO is scheduled to open on January 13, 2025

and close on January 15, 2025. IPO listing will take place on January 20, 2025.

IPO Open Date	January 16, 2025
IPO Close Date	January 20, 2025
Basis of Allotment	January 21, 2025
Refund Process start	January 22, 2025
Share Credit to DEMAT	January 22, 2025
Listing Date	January 23, 2025
IPO Market Timings	10.00 a.m. to 5.00 p.m.

 

Stallion India Fluorochemicals IPO Market Lot Size –

The Stallion India Fluorochemicals IPO minimum lot size is 165 Shares with ₹14850 application amount. Investors can bid for a minimum of 165 Shares and in multiples thereof. The minimum and maximum shares and amounts that retail investors and HNI can invest are shown in the table below.

Application	Lot Size	Shares	Amount
Retail (Minimum)	1	165	₹14,850
Retail (Maximum)	13	2145	₹1,93,050
S-HNI (Minimum)	14	2310	₹2,07,900
S-HNI (Maximum)	67	11,055	₹9,94,950
B-HNI (Minimum)	68	11,220	₹10,09,800

 

Stallion India Fluorochemicals IPO Promoters –

Promoters of Stallion India Fluorochemicals – Shazad Sheriar Rustomji, Manisha Shazad Rustomji, and Rohan Shazad Rustomji

 

Stallion India Fluorochemicals Limited Financial Details –

The company reported Profit of ₹14.79 crores in financial year 2024 compared to Profit of ₹9375 crores in financial year 2023. The company reported revenue of ₹233.241crores in 2024 compared to ₹225.50 crore in 2023.

Period Ended	31-Mar-2024	31-Mar-2023	31-Mar-2022
Revenue	₹236.23	₹226.06	₹186.34
Profit After Tax	₹14.79	₹9.75	₹21.11
Net Worth	₹117.96	₹70.7	₹60.94
Expense	₹214.96	₹213.09	₹156.27
Total Debt	₹65.35	₹18.27	₹1.97
			Amount in Crores ₹

 

Stallion India Fluorochemicals IPO Key Performance Indicator (KPI) –

Stallion India Fluorochemicals ROCE is 12.54%, Pre IPO EPS is 2.41.

KPI	Values
ROE	12.54
ROCE	13.96
Return on Net Worth (RoNW)	12.54
PAT Margin	6.34
EBITDA Margin	11.30
EPS	2.41
P/E Ratio	37.41
Price to Book Value	4.49
Debt to equity	0.55

 

Stallion India Fluorochemicals IPO Analysis

Canara Bank	Share india securities
Choice Broking	Nirmal Bang
DRChoksey FinServ	Reliance Securities
Emkay Global	SBICAP Securities
Geojit	Sharekhan
Hem Securities	SMC Global
ICICIdirect	Sushil Finance
IDBI Capital	Swastika Investment
Marwadi Shares	Ventura Securities

 

Stallion India Fluorochemicals Peer Group –

Company	EPS	PE Ratio
Navin Flourine	47.44	70.82
SRF Limited	46.35	49.30
Gujarat Fluorochemicals	38.12	108.36

 

                                               

Book Running Lead Managers	SARTHI CAPITAL ADVISORS PRIVATE LIMITED
Syndicate Members
Sponsor Bank	Axis Bank Limited and Yes Bank Limited
Categories	“FI, IC, MF, FII, OTH, CO, IND and NOH”

 

Company’s Contact Details

STALLION INDIA FLUOROCHEMICALS LIMITED 2, A Wing, Knox Plaza, Off. Link Road, Mindspace, Malad – (West), Mumbai – 400064 Phone: 022-43510000 Email: compliance@stallion.in Website: https://stallionfluorochemicals.com/

 

IPO Registrar’s Details

BIGSHARE SERVICES PRIVATE LIMITED S6-2, 6th Floor, Pinnacle Business Park, Next to Ahura Centre, Mahakali Caves Road, Andheri East, Mumbai – 400 093 Phone: +91 22 6263 8200 Email:  ipo@bigshareonline.com Website: www.bigshareonline.com

 

About Stallion India Fluorochemicals –

Incorporated in 2002, Stallion India Fluorochemicals Limited commonly known as Stallion, is a Mumbai-based company founded by Shazad Sheriar Rustomji, is engaged in the business of selling refrigerant gases, industrial gases, and related products. The company’s primary operations involve debulking, blending, and processing these gases, as well as selling pre-filled cans.

The company operates 4 strategically located Plants in Khalapur, Raigad (Maharashtra); Ghiloth, Alwar (Rajasthan); Manesar, Gurugram (Haryana); and Panvel, Raigad (Maharashtra). It acquired Stallion Enterprises (a proprietary firm of Shazad Sheriar Rustomji, Panvel Plant) through a slump sale agreement.

Stallion’s specialty gases primarily fall within the HFC and HFO categories, finding diverse applications across various industries.

Stallion can deliver customized solutions that empower of clients to enhance operational efficiency, boost productivity, and adapt with greater flexibility, all while lowering energy expenses and promoting environmental sustainability. Stallion’s gases are used in a variety of fields, including semiconductor manufacturing, automotive industry, electronics, pharmaceuticals, medical fields, fire suppression systems, spray foam production, glass bottle manufacturing, and aerosol production.

 

Refrigerants	Manufactures and supplies various refrigerants, including HFCs and HFOs, used in air conditioning, refrigeration, and automotive industries.
Specialty Gases	Produces specialty gases for diverse applications such as semiconductor manufacturing, pharmaceuticals, medical fields, and fire extinguishment systems.
Flammable Gases	Provides flammable gases, including hydrocarbons, for various industrial applications.
Refrigerant Blends	Blends different gases to create customized refrigerant formulations for specific industrial needs.
Equipment & Spares for AC&R Industry	Supplies equipment and spare parts for the air conditioning and refrigeration industry, including pressure washers and vacuum pumps.

 

Objects of the Issue –

• Funding capital expenditure requirements – Rs. 29.16 crores.
• Funding working capital requirements – Rs. 95 crores.
• Funding capital expenditure requirements for its Refrigerant debulking & blending facility – Rs. 21.18 crore
• General corporate purposes.

 

Strengths

• Expertise in fluorochemicals and specialty gases, with excellent knowledge in the chemical domain.
• High entry barriers due to the specialized technology and infrastructure needed, limiting new competitors.
• Strong market recognition as a result of its established reputation and extensive experience in the refrigerant gases sector.

• Compliance with strict safety and environmental regulations ensures responsible business operations.

• The company operates 4 plants, which have been selected to optimize logistical efficiency and seamless production processes.

Risks

• Seasonal variations affect revenue as well. Their February to May period accounts for a sizable amount of their turnover.

• The business does not have any long-term contracts with its clients.

• Advanced technologies used in production and purification processes carry technological risks, which may lead to operational disruptions and safety issues.

• Regulatory compliance risks, where failure to meet stringent environmental and safety standards could lead to operational and reputational damage​.
• The revenue from operations depends significantly on one product.

Stallion India Fluorochemicals IPO FAQs–

• What is Stallion IPO?

Stallion India Fluorochemicals IPO is a Mainline IPO. The company plans to raise ₹- crores through an initial public offering. The issue is priced at ₹- to ₹- Per Share. The IPO is to be listed on BSE & NSE.

• When Stallion IPO will open and close?

The Stallion India Fluorochemicals IPO opens on January 16, 2025 and closed on January 20, 2025.

• What is Stallion Fluorochemicals IPO Lot Size?

Stallion India Fluorochemicals IPO lot size is – Shares, and the minimum amount required is Rs. -.

• What is Stallion IPO Price Band?

Stallion India Fluorochemicals IPO Price Band is ₹- to ₹- Per Share.

• What is the Stallion IPO Allotment Date?

The Allotment for the Stallion India Fluorochemicals IPO will be finalized on January 21, 2025, and the allotted shares will be credited to your DEMAT account by January 22, 2025.

• What is the Stallion India Fluorochemicals IPO Listing Date?

Stallion India Fluorochemicals IPO listing date is January 23, 2025.

• How to Apply the Stallion India Fluorochemicals IPO?

You can use your bank account to apply for the Stallion India Fluorochemicals IPO online through ASBA. Additionally, you can apply for ASBA online through your stock brokers using UPI. By completing the offline application, you can also apply through your stock brokers.

• How to apply in the IPO?

To apply in the IPO, you need to have a brokerage account. Once the IPO opens, you can place an order through your broker, specifying the number of shares you want. Make sure to check the IPO prospectus for details on pricing and allocation.

• What documents are required to apply in the IPO?

To apply in the IPO, you typically need a valid photo ID, proof of address, and your brokerage account details. If you’re applying as an institution, additional documentation may be required.

• Can anyone apply in the IPO?

Yes, anyone with a brokerage account can apply in the IPO. However, certain IPOs may have restrictions based on the investor’s profile or the allotment process, so check with your broker for specific guidelines on how to apply in the IPO.