IPO

Stallion India Fluorochemicals Limited IPO

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Industrial Gases

Listed On: Jan 23, 2025 at ₹ 120.0(NSE)

₹ 14850 /165 Shares

Check Allotment

16 Jan, 2025

Open Date

20 Jan, 2025

Close Date

21 Jan, 2025

Allotment Date

23 Jan, 2025

Listing Date
Price Summary

Last Closing

393.65 (337.39%)

52 Week High

423.80

52 Week Low

60.00

Last Update

17-Oct-2025 3:30 PM
Stallion India Fluorochemical IPO Issue Details
  • Issue Price ₹85-90 per equity share
  • Face Value ₹10 Per Equity Share
  • Total Issue Size 2,21,61,396 shares(aggregating up to ₹199.45 crore)
  • Fresh Share 1,78,58,740 shares(aggregating up to ₹160.73 crore)
  • Offer For Sale 43,02,656 shares(aggregating up to ₹38.72 crore)
  • Listing at BSE, NSE
  • List Price 120.0(NSE)
  • Listing Date 2025-01-23
  • Lead Manager Sarthi Capital Advisors Private Limited
  • Registrar Bigshare Services Pvt Ltd
Market Lot Size

Investors can bid for a minimum of 165 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Retail Investors and HNI in terms of shares and amount.

ApplicationLotsSharesAmount
Retail (min)1165₹14,850
Retail(max)132,145₹1,93,050
SHNI(min) 142,310₹2,07,900
SHNI(max) 6711,055₹9,94,950
BHNI(min) 6811,220₹10,09,800
Stallion India Fluorochemical IPO Reservation

Stallion India Fluorochemical IPO offers total 2,21,61,396 shares. Out of which 44,32,279 (20%) allocated to QIB, 33,24,210 (15%) allocated to NII,77,56,489 (35%) allocated to RII, NA (NA%) allocated to employees and 66,48,418 (30%) allocated to Anchor investors.

Investor CategoryShares OfferedMaximum Allottees
Anchor Investor Shares Offered66,48,418 (30%)
QIB Shares Offered44,32,279 (20%)
NII (HNI) Shares Offered33,24,210 (15%)
bNII < ₹10L22,16,140 (10%)
sNII < ₹10L11,08,070 (5%)
Retail Shares Offered77,56,489 (35%)
Total Shares Offered2,21,61,396 (100%)
Stallion India Fluorochemical IPO Documents
DRHP
RHP
ANCHOR
Stallion India Fluorochemical IPO Details


Stallion India Fluorochemical IPO is a book-built issue of ₹199.45 crores, The total issue size is ₹199.45 crores. The IPO of Stallion India Fluorochemical is priced at ₹85-90 per equity share, which has a face value of ₹10 Per Equity Share each, IPO bidding starts from Jan 16, 2025 and ends on Jan 20, 2025. The allotment for Stallion India Fluorochemical IPO will be finalized on Jan 21, 2025. Stallion India Fluorochemical IPO will be listed on BSE, NSE, with a tentative listing date fixed as Jan 23, 2025. The company shall list its equity shares on the BSE, NSE. Bigshare Services Pvt Ltd is the registrar of the issue.

Retail investors can bid for a minimum of 165 shares, extendable to 14,850. S-HNIs will be able to bid for 2,310 shares at ₹2,07,900, while B-HNIs can also apply for a bid of 11,220 shares at ₹10,09,800. The book-running lead manager for the IPO is/are Sarthi Capital Advisors Private Limited.

The total issue ₹199.45 crore, comprising a fresh issue of 1,78,58,740 shares ₹160.73 crore and having Offer for Sale (OFS) of 43,02,656 shares to mop up ₹38.72 crore.

The Stallion India Fluorochemical IPO sets its price band at 85-90 for each share. A single application for Stallion India Fluorochemicals Limited IPO must contain at least 165 shares. Sentiment investors need to invest a minimum of 165 through their retail account. For investors to prevent oversubscription issues, they should submit bids at the cutoff price, which estimates about ₹14,850 In order to participate in the sNII, investors must purchase at least 14 lots of 2,310 shares for ₹2,07,900, while the bNII requires 68 lots of 11,220 shares for an investment of ₹10,09,800.

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Stallion India Fluorochemical IPO Subscription Analysis And Details
Retail
96.90x
QIB
172.93x
NII
422.42x
bNII
472.89x
sNII
321.49x
Total
188.37x
As onQIBNII
bNII   sNII		RetailTotal
Shares Offered / Reserved44,32,27933,24,210
22,16,140    11,08,070		77,56,4891,55,12,978
Day 1 16-01-25 05:00 PM
0.04 x10.36
7.91 x   15.27 x		9.69 x7.08 x
Day 2 17-01-25 05:00 PM
0.31 x77.08
77.39 x   76.46 x		31.03 x32.12 x
Day 3 20-01-25 05:00 PM
172.93 x422.42
472.89 x   321.49 x		96.90 x188.37 x
Total No of Applications
50,83,342
Subscription on the basis of Applications
Retail:78.18x BHNI:94.75x SHNI:306.12x
Stallion India Fluorochemical Valuations
EPS Pre IPO ₹2.41/-
EPS Post IPO ₹4.18/-
P/E Pre IPO 37.41
P/E Post IPO 21.55
ROE 12.54%
ROCE 13.96%
Debt/Equity 0.55
RoNW 12.54%
PAT Margin 6.26
Price to Book Value 4.69
Stallion India Fluorochemical Company Financials
In Crs.
In Cr.
30-Sep-2431-Mar-2431-Mar-2331-Mar-22
Assets235.69203.14126.1898.01
Revenue141.53236.23226.06186.34
Profit After Tax16.5714.799.7521.11
Net Worth134.53117.9670.760.94
Total Borrowing81.0565.3518.271.97
About Stallion India Fluorochemical Company

Stallion India Fluorochemicals Limited has been involved in the sale of Refrigerant and Industrial Gases and their derivatives since incorporation in 2002. Debukling, blending, and processing Refrigerant and Industrial gases with sale of pre-filled cans and small Cylinders/Containers forms the major part of its business.

It operates four Plants situated at Khalapur, Raigad (Maharashtra), Ghiloth, Alwar (Rajasthan), Manesar, Gurugram (Haryana), and Panvel, Raigad (Maharashtra).

Stallion India Fluorochemicals Limited (Stallion) sells gases, widely categorized as Fluorochemicals. Major application of these chemical contains is refrigeration. Stallion's products, including gases, are used in multiple sectors of society such as semiconductor production, automobiles, electronic industry, pharmacy, healthcare, fire extinguishers, foam spray, bottle glass manufacturing, and aerosol manufacturing.

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Stallion India Fluorochemical - Promoter(s)

Shazad Sheriar Rustomji

Manisha Shazad Rustomji

Rohan Shazad Rustomji

Pre Issue Share Holding : 94.63%

Post Issue Share Holding : 67.90%

Stallion India Fluorochemical IPO - Issue Objectives
1

Funding incremental working capital requirements of the Company.

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.

Stallion India Fluorochemical IPO - Anchor Investors

Stallion India Fluorochemicals mobilises nearly Rs 60 crore via anchor book.

The six anchor investors that participated in the anchor book were Saint Capital Fund, Ashika Global Securities, Craft Emerging Market Fund, Mint Focussed Growth Fund, Ashika India Select Fund, and Leading Light Fund.

Stallion India Fluorochemical IPO - Peers Comparison
Company NameEPS (Basic)EPS (Diluted)NAV (per share) (Rs)P/E (x)RoNW (%)P/BV RatioFinancial statements
Stallion India Fluorochemicals Limited2.54N/AN/AN/A12.54N/AStandalone
Navin Fluorine International Limited47.44N/AN/A70.8210.22N/AStandalone
Srf Ltd.46.35N/AN/A49.313.07N/AStandalone
Gujarat Fluorochemicals Ltd38.12N/AN/A108.367.07N/AStandalone

Notes:

  1. Current Market Price (CMP) is the closing prices of respective scrips (NSE) as of January 3, 2025.
  2. P/E Ratio has been computed based on the closing market price of equity shares on NSE on January 3, 2025, divided by the EPS.
  3. Return on Net Worth (%) = Profit after tax for the year divided by total equity as at year-end.
Strength
The company has been in the field for over 2 decades, with strong market recognition in the specialty gases industry.
Going forward, the company is focused on its strategic vision to diversify its existing product portfolio by incorporating new products that align synergistically with its current offerings.
Weakness
The company’s promoters and its directors are outstanding legal proceedings. Any failure to defend these proceedings successfully may hurt its business prospects, financial condition, results of ongoing operations and reputation.
The company has high working capital requirements. Its inability to meet its working capital requirements may have a material adverse effect on our business, financial condition and results of operations.
Contact Details

Stallion India Fluorochemical

2, A Wing, Knox Plaza, Off. Link Road, Mindspace, Malad - (West), Mumbai - 400064

022-43510000

compliance@stallion.in

https://stallionfluorochemicals.com/

Registrar Contact Details

Bigshare Services Pvt Ltd

+91-22-6263 8200

ipo@bigshareonline.com

https://ipo.bigshareonline.com/ipo_status.html