STALLION INDIA FLUOROCHEMICALS LIMITED

Price Band

₹ 85 - ₹ 90

Bid Lot

165 Shares

STALLION INDIA FLUOROCHEMICALS LIMITED

16-Jan-2025 - 20-Jan-2025

Price Band

₹ 85 - ₹ 90

Minimum Investment

₹ 14850.00

Bid Lot

165 Shares

Shares

22,161,395

IPO Details

Fresh Issue of up to 1,78,58,740 Equity Shares + Offer for Sale of up to 43,02,656 Equity Shares

QIB
50%

(11,080,697 Shares)RS.99.73 CR

HNI 1
5%

(2,216,140 Shares)RS.19.95 CR @ 480 FORM 1X

HNI 2
10%

(2,216,140 Shares)RS.19.95 CR @ 959 FORM 1X

Retail
35%

(7,756,489 Shares)RS.69.81 CR @ 47009 FORM 1X

BRLMs: Sarthi Capital Advisors Pvt. Ltd

Timeline

  • 16

    Jan-2025

    Open Date

  • 20

    Jan-2025

    Close Date

  • 21

    Jan-2025

    Basis of Allotment Date

  • 22

    Jan-2025

    Initiation of Refunds

  • 22

    Jan-2025

    Credit of Shares to Demat A/C

  • 23

    Jan-2025

    IPO Listing Date

Subscription as on 20-Jan-2025 13:50

Category

Book Size

Subscription

QIB

10.92x
4,432,280

(₹39.89 Cr.)

48,400,275

(₹435.60 Cr.)

HNI (<10 LAKH)

53.94x
2,216,140

(₹19.95 Cr.)

119,539,365

(₹1075.85 Cr.)

HNI2 (>10 LAKH)

179.52x
2,216,140

(₹19.95 Cr.)

397,848,990

(₹3580.64 Cr.)

RETAIL

25.68x
7,756,488

(₹69.81 Cr.)

199,207,800

(₹1792.87 Cr.)

Total

46.03x
16,621,048
764,996,430

Category

Book Size

Subscription

QIB

10.92x
4,432,280

(₹39.89 Cr.)

48,400,275

(₹435.60 Cr.)

HNI (<10 LAKH)

53.94x
2,216,140

(₹19.95 Cr.)

119,539,365

(₹1075.85 Cr.)

HNI2 (>10 LAKH)

179.52x
2,216,140

(₹19.95 Cr.)

397,848,990

(₹3580.64 Cr.)

RETAIL

25.68x
7,756,488

(₹69.81 Cr.)

199,207,800

(₹1792.87 Cr.)

Total

46.03x
16,621,048
764,996,430

*Excluding Anchor

Total No. of Application Approx : ~977722 (20.80 Appwise)

HNI Cost

About Company

  • The Company was incorporated as ‘Stallion India Fluorochemicals Pvt. Ltd’, at Mumbai on September 05, 2002. Subsequently, on conversion to Public Limited company, the name was changed to ‘Stallion India Fluorochemicals Ltd’ on October 05, 2023.
  • The Company is in the business of selling Refrigerant and Industrial Gases and related products. The company’s primary business consists of debulking, blending and processing of Refrigerant and Industrial gases, selling of pre-filled cans and small Cylinders/ Containers.
  • The gases sold by the company find applications in various industries/segments such as Air conditioners & Refrigerators, Fire Fighting, Semiconductor manufacturing, Automobile Manufacturing, Pharma and Medicals, Glass bottle manufacturing, Aerosols and Spray foam.
  • The company deals in gases that are broadly classified as Fluorochemicals. Primarily these gases fall in the categories Known as: (i) HC (Hydrocarbons), (ii) HFC’ss (Hydrofluorocarbons) and (iii) HFO’s (Hydrofluoroolefins).
  • The company plans to add value added products, in addition to its main products. Further to cater to the increasing demand from industries like Semiconductors, Electronics, Defence Manufacturing, Pharma Equipment, and others, the company is concentrating on adding more environmentally friendly gases like HFOs and specialty gases.
  • The company sells its product under the brand name “Stallion”. The Company has been into the field for more than 2 decades and Promoters having experience of over 3 decades, have strong Market recognition in the refrigerant gases industry.
  • The company has built long-term relationships and trust with its customers across industries, and it is well recognized for its product and quality. The combined Revenue contribution from the company's top 10 customers, on a standalone basis for the period ending on September 30, 2024, and for the FY 2024, 2023, and 2022, represented as 77.32%, 75.69%, 74.77%, and 72.88% respectively.
  • The Company has been delivering consistent financial performance, despite the impact of the COVID-19 pandemic on its business operations. The company’s Revenues from Operations grew to ? 233.24 Cr in FY2024 from ? 185.88 Cr in FY2022.

Strengths

Competitive Strength 

  • Strong Market recognition
  • Business model and ability to mitigate operational risk
  • Customer base across high growth industries and long-standing relationships with customers
  • Plants
  • Track record of consistent financial performance
  • Experienced Promoter and Key Managerial Personnel

 Business Strategies 

  • Geographical expansion and product optimization
  • Trusted Choice for Quality, Innovation, and Growth
  • Continuing focus on innovation and leveraging chemistries and technology absorption
  • Customer Relationship Management

Company Promoters

Company Financials

Stallion India Fluorochemicals Limited Financial Information (Restated)

Period Ended 30 Sep 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
Net Worth 134.53 117.96 70.7 60.94
Total Borrowing 81.05 65.35 18.27 1.97
Amount in ? Crore

Objects of the Issue

The net proceeds of the Fresh Issue:

  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.

How to Apply

Apply for IPO in few simple steps.

  • Step 1

    Once you create your account, Login to Easy Investing.

  • Step 2

    Under IPO Section, you will be able to see a list of Ongoing IPOs, where you can click on apply button.

  • Step 3

    Add quantity of shares to apply – Maximum 3 bids are allowed (For retail category – max amount Rs.2,00,000/-).

  • Step 4

    Enter your UPI ID and you will receive mandate on your UPI App.

  • Step 5

    Once you accept the mandate, Application is submitted successful.

  • Applying for an IPO is easier than ever with Easy Investing, in just a few clicks your application is processed. You can bid for any IPO through Easy Investing, the bidding process is simple and hassle free. Every company has a lot size decided & you can buy in multiples of the decided lot.
  • If lot size is 15, then you have to bid for multiples of 15 share like 30,45,60 and so on.
  • The maximum subscription amount for retail investors is 2 lakh.
  • Any bid can be at a desired price or cut off price given by the company.

  • Enter the number of shares you wish to buy, as per the lot size.
  • You can apply at the cut off price set by the company or bid for a desired amount within the price band.
  • Maximum three bids will be accepted.
  • You then need to enter the UPI ID on Easy Investing’s IPO application form.

  • You will immediately get a fund blocked request on your UPI for the submitted IPO application.
  • The funds will be blocked in your bank account until allotment when it is debited.
  • The limit for IPO application is Rs 2 lakh per transaction on UPI.
  • On allotment of the shares, the money will be automatically debited.
  • If the share aren’t allotted the blocked funds will reflect back into your account.

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