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Stallion India Fluorochemicals IPO

₹14,025/165 shares

Minimum Investment

IPO Details

Open Date

16 Jan 25

Close Date

20 Jan 25

Minimum Investment

14,025

Lot Size

165

Price Range

85 to ₹90

Listing Exchange

NSE, BSE

Issue Size

199.45 Cr

Listing Date

23 Jan 25

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Stallion India Fluorochemicals IPO Timeline

Bidding Start

16 Jan 25

Bidding Ends

20 Jan 25

Allotment Finalisation

21 Jan 25

Refund Initiation

22 Jan 25

Demat Transfer

22 Jan 25

Listing

23 Jan 25

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About Stallion India Fluorochemicals Limited IPO

Stallion India Fluorochemicals Limited specialises in refrigerant and industrial gases, including debulking, blending, and pre-filled cans. Their refrigerants serve industries like HVAC, automotive, fire safety, and semiconductors. With four facilities across India, they prioritise safety and environmental care while offering customised solutions to clients. The company has achieved significant revenue growth, reporting ₹23,519.93 lakhs in FY23 and a CAGR of 40.34% (FY21-23). Led by promoter Shazad Sheriar Rustomji, Stallion leverages over 30 years of expertise to innovate and deliver high-quality fluorochemical products.

IPO Strengths

  • Operating for over two decades under the “Stallion” brand, the company enjoys a solid reputation in the refrigerant gases industry, supported by promoter experience exceeding 30 years.
  • Efficient operations, timely deliveries, and quality control drive significant operational growth and consistent cash flows.
  • Serving various industries, the company reduces risk through diversification and long-term client relationships.
  • Facilities near key markets enhance logistical efficiency and meet demand swiftly.
  • Demonstrated consistent revenue growth and improved balance sheet positions.
  • Decades of expertise in management enable market trend anticipation and strategic growth.

Stallion India Fluorochemicals IPO Key Financials (in crore)

Particulars 30 Sept 2024 31 Mar 2024 31 Mar 2023 31 Mar 2022
Assets 235.69 203.14 126.18 98.01
Revenue 141.53 236.23 226.06 186.34
Profit After Tax 16.57 14.79 9.75 21.11
Reserves and Surplus 22.19 48.81
Total Borrowings 81.05 65.35 18.27 1.97

Stallion India Fluorochemicals Limited Upcoming IPO Details

Category Details
Issue Type Book Built Issue IPO
Total Issue Size Fresh Issue: 1,78,58,740 shares (aggregating to ₹160.73 crore)

Offer for Sale (OFS): 43,02,656 (aggregating to ₹38.72 crore)

IPO Dates Mentioned below
Price Bands ₹85 to ₹90 per share
Lot Size 165 Shares
Face Value ₹10 per share
Listing Exchange BSE, NSE
Shareholding pre-issue 6,14,66,514 shares
Shareholding post -issue 7,93,25,254 shares

Stallion India Fluorochemicals IPO Important Dates

IPO Activity Date
IPO Open Date 16 January 2025
IPO Close Date 20 January 2025
Basis of Allotment Date 21 January 2025
Refunds Initiation 22 January 2025
Credit of Shares to Demat 22 January 2025
IPO Listing Date 23 January 2025

Stallion India Fluorochemicals IPO Lots

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

Stallion India Fluorochemicals IPO Lead Managers

Lead Managers
Sarthi Capital Advisors Private Limited

Stallion India Fluorochemicals Limited IPO Valuation Overview

KPI Value
Earnings Per Share (EPS) 2.54
Price/Earnings (P/E) Ratio TBD
Return on Net Worth (RoNW) 12.54%
Net Asset Value (NAV) 31.61
Return on Equity 12.54%
Return on Capital Employed (ROCE) 13.96%
EBITDA Margin 11.3%
PAT Margin 6.26%
Debt to Equity Ratio 0.55

Stallion India Fluorochemicals IPO Peer Group Comparison

Face Value (₹) PAT 

(₹ in Lakhs)

EPS (₹) P/E Ratio RoNW (%)
Stallion India Fluorochemicals Limited 10.00 1,624.40 2.54  12.54%
Peer Groups
Navin Fluorine International Limited 2.00 31,249.00 62.83 59.42 14.60
SRF Limited 10.00 2,02,336.00 68.26 30.17 21.87
Gujarat Fluorochemicals Limited 1.00 1,35,560.35 123.41 23.24 24.52

Objectives of the Proceeds

  • Funding incremental working capital requirements of the company, with an allocation of ₹9,500.00 lakhs.
  • Funding capital expenditure requirements for the semiconductor and specialty gas debulking and blending facility located in Khalapur, Maharashtra, with an allocation of ₹2,915.54 lakhs.
  • Funding capital expenditure requirements for the refrigerant debulking and blending facility located in Mambattu, Andhra Pradesh, with an allocation of ₹2,117.53 lakhs.
  • Allocating funds for general corporate purposes.

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