Stallion India Fluorochemicals Limited

Stallion India Fluorochemicals Limited

Mainboard NSE & BSE 100% Book Built Offer
Closed

Price Band

₹85 - ₹90

Total Issue

₹199.45 Cr

Bid Dates

16 Jan - 20 Jan

Subscription

188.38x

Est. GMP

₹30 (33.33%)

Website RHP Check Allotment

Tentative Timetable

Open
Close
Allotment
Refunds
Credit
Listing

Business Overview

The company sells Refrigerant and Industrial Gases, focusing on debulking, blending, and processing, along with pre-filled cans and small cylinders. With over two decades of expertise in fluorochemicals, it specializes in blending gases to create new formulations. Operations span four facilities in Khalapur, Ghiloth, Manesar, and Panvel, all designed for safe gas storage. Its products serve industries like air conditioning, refrigeration, fire-fighting, semiconductors, automobiles, pharmaceuticals, etc.

Lot Info

Lot Information for Stallion India IPO
Category Lots Shares Amount
Retail (Min) 1 165 ₹14,850
Retail (Max) 13 2,145 ₹1,93,050
S-HNI (Min) 14 2,310 ₹2,07,900
S-HNI (Max) 67 11,055 ₹9,94,950
B-HNI (Min) 68 11,220 ₹10,09,800

Category Reservation

QIB 50%
NII 15%
Ret 35%
Employee
₹0.00
Shareholder
₹0.00

Issue Size

Total ₹199.45 Cr
Fresh Issue
₹160.73 Cr (1.79 Cr Shares)
Offer For Sale
₹38.72 Cr (0.43 Cr Shares)

Objects of Issue

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

Grey Market Premium

GMP ₹30
Est. Price ₹120
Est. Gain 33.33%

Stallion India IPO Peer Comparison

(Rs. in crores)

Stallion India IPO Peer Comparison Table
Particulars Co. SRF Gujarata Fluorochemicals Navin Fluorine International
Revenue from operations 236.23 10,906.09 4,088.07 1,488.20
Profit after Tax 14.79 1,374.03 418.75 235.17
EPS (Basic) 2.54 47.44 46.35 38.12
Price to Earning 35.43 70.82 49.30 108.36
EBITDA Margin 11.30% 23.01% 23.14% 23.85%
PAT Margin (%) 6.26% 12.60% 10.24% 15.80%
Debt equity ratio 0.55 0.34 0.34 0.02
  • All information pertains to FY 2023-24.
  • PE ratio is calculated using the Upper Price Band for the Issuer and the closing price as of January 3, 2025 for Peers.

Financial Performance

(Rs. in crores)

Financial Performance Metrics for Stallion India IPO
Particulars Sep-24 Mar-24 Mar-23 Mar-22
Revenue from Operations 141.53 236.23 226.06 186.34
Profit after Tax 16.57 14.78 9.75 21.11
Net Worth 134.53 117.96 70.70 60.94
Total Borrowing 81.05 65.35 18.27 1.97
Total Assets 235.69 203.14 126.18 98.01
NAV per share (in ₹) 21.89 19.19 12.83 49.74
EPS - Basic (in ₹) 2.69 2.54 1.77 3.83

KPIs

ROCE (%)

13.96%

ROE (%)

12.54%

Debt to Equity

0.55

EBITDA (%)

11.30%

PAT (%)

6.26%

Price to earning (PE)

35.43

Mkt Cap (in Crs.)

714.00

Price to Book (PB)

4.69

  • All the data pertains to FY 2023-24.
  • PE, PB, and market capitalization are calculated based on the Upper Price Band.

Shareholding

Promoter

0.01%

Public

99.99%

Shazad Sheriar Rustomji 94.60%
Manisha Shazad Rustomji 0.02%

Management

Shazad Sheriar Rustomji Chairman & MD
Ashish Mehta Chief Financial Officer
Manisha Shazad Rustomji Executive Director

Registrar & Lead Managers

Registrar

Bigshare Services

Bigshare Services

Lead Managers (1)

Sarthi Capital Advisors Sarthi Capital Advisors

Subscription Status

Updated as on 20-Jan-2025 19:00:00

Mainboard Subscription Status for Stallion India IPO
Category Sub (x) Offered Bids
QIB 172.93 44,32,280 76,64,65,095
NII 422.42 33,24,209 1,40,42,24,085
bHNI 472.89 22,16,140 1,04,79,82,155
sHNI 321.50 11,08,070 35,62,41,930
Retail 96.90 77,56,489 75,16,00,245
Total 188.38 1,55,12,979 2,92,22,89,425

Subscription data excludes the Anchor Investor portion.

Frequently Asked Questions

What is Stallion India IPO?
Stallion India IPO is a Mainboard IPO having an issue size of ₹199.45 Crs. Stallion India IPO is priced at ₹85 - ₹90 per share. The issue opens on 16 Jan 25 and closes on 20 Jan 25.
When will Stallion India IPO open?
Stallion India IPO opens on 16 Jan 25 and closes on 20 Jan 25.
What is the GMP of Stallion India IPO?
The estimated Grey Market Premium of Stallion India IPO is ₹30 per share (33.33%).
What is the lot size of Stallion India IPO?
The minimum lot size of Stallion India IPO is 165 shares & the minimum application amount is Rs. 14850.
When is the allotment of Stallion India IPO?
The allotment date of Stallion India IPO is 21 Jan 25.
What is the listing date of Stallion India IPO?
The listing date of Stallion India IPO is 23 Jan 25.
What is the subscription of Stallion India IPO?
Stallion India IPO is subscribed 188.38 times.
What is the price band of Stallion India IPO?
Stallion India IPO is priced at ₹85 - ₹90 per share.
How to check allotment status of Stallion India IPO?
Click the allotment link on Stallion India IPO page of IPO360.
How to apply Stallion India IPO in Zerodha?
  1. Go to Kite App → Tap on Bids → Tap on IPO
  2. Select the IPO → Tap on apply → Enter UPI ID
  3. Enter Qty and Price
  4. Submit the application
  5. Approve the UPI Mandate on your UPI app
How to apply Stallion India IPO in Groww?
  1. Go to Groww App → Stocks Section → Select IPO option
  2. Select the IPO you want to apply
  3. Enter your bid details and price
  4. Enter UPI ID & submit
  5. Approve the UPI Mandate on your UPI app
How to apply Stallion India IPO using ASBA?
  1. Log in to your bank's net banking portal.
  2. Navigate to the 'IPO' or 'ASBA' section.
  3. Select Stallion India IPO from the list of available IPOs.
  4. Enter the required details: Bid quantity, Price, DP ID & Client ID, etc
  5. Submit the application.
  6. Money will remain blocked till the refund date