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Stallion India Fluorochemicals IPO 2025: Key Dates & Investment Insights

Stallion India Fluorochemicals IPO 2025: Key Dates & Investment Insights

Stallion India Fluorochemicals Limited IPO:

Stallion India Fluorochemicals Limited, a leading Mumbai-based company specialising in refrigerants and industrial gases, is gearing up for its ₹199.45 Cr Initial Public Offering (IPO) from January 16 to January 20, 2025. With two decades of expertise in fluorochemicals and a strong foothold across high-growth industries, Stallion presents a unique opportunity for investors. 

Here are the 10 key things you should know before investing in the Stallion India Fluorochemicals Limited IPO: 


  1. What makes Stallion India Fluorochemicals a good opportunity?

Stallion India Fluorochemicals Limited, commonly known as Stallion, has over 20 years of experience in debulking, blending, and processing refrigerant and industrial gases. Its product applications span industries such as air conditioning, firefighting, semiconductors, pharmaceuticals, and automobile manufacturing. 

The company operates four strategically located facilities in Maharashtra, Rajasthan, and Haryana, ensuring safety and efficiency in gas storage and distribution. Stallion’s ability to blend and create new formulations of refrigerant gases sets it apart in industry. 


  1. What are the IPO dates, price band, and issue size?

     Here are the key details of the IPO: 

  • IPO dates: January 16th – January 20th, 2025 
  • Listing date: January 23, 2025 
  • Price band: ₹85 – ₹90 per share 
  • Total issue size: ₹199.45 Cr 
  • Face value: ₹10 per share 
  • Listing Exchange: BSE, NSE 
  • Lot size: 165 shares 
  • Promoters: Shazad Sheriar Rustomji, Manihsa Shazad Rustomji, Rohan Shazad Rustomji 

  1. What is the minimum investment for the IPO?

The minimum investment required to apply for the Stallion India Fluorochemicals IPO is₹14,025, based on the lot size of 165 shares at the lower price band of₹85 per share. For higher allotment chances, applying at the upper price band would require ₹14,850 (165 shares at ₹90 per share). 


  1. What does the company do?

Founded in 2002, Stallion specialises in refrigerant and industrial gas debulking, blending, and processing. 

  • Services: Includes blending refrigerant gases, pre-filled cans, and small cylinders/containers. 
  • Operations: Four state-of-the-art facilities in India designed for safe gas storage and distribution. 
  • Applications: Gases are used in air conditioners, refrigerators, firefighting, semiconductor manufacturing, and more. 

With a diversified customer base across high-growth industries, Stallion leverages its experience to ensure safety and efficiency in operations. 


  1. What is the objective of the IPO?

The IPO aims to: 

  • Fund incremental working capital requirements. 
  • Set up a semiconductor and speciality gas debulking & blending facility in Khalapur, Maharashtra. 
  • Expand its refrigerant debulking & blending facility in Mambattu, Andhra Pradesh. 
  • Meet general corporate purposes. 

  1. How much is reserved for retail and other investors?

The IPO allocation is as follows: 

  • Qualified Institutional Buyers (QIBs): Up to 50% 
  • Non-Institutional Investors (NIIs): At least 15% 
  • Retail Investors: At least 35% 

  1. What are the key strengths and risks?

Strengths:

  • Strong market recognition and expertise in fluorochemicals. 
  • Diversified customer base across industries. 
  • Long-standing relationships with clients. 
  • Strategic facilities designed to meet safety standards. 
  • Consistent financial performance with revenue of ₹236.23 Cr in FY24. 

Risks:

  • Heavy reliance on sales of refrigerant gases in specific geographies. 
  • Dependence on imported raw materials, mainly from China. 
  • Legal dispute with Zhejiang Sanmei Chemical Industry Co. Ltd. for approximately ₹9.5 Cr. 
  • Past negative cash flows from operating, investing, and financing activities. 

  1. What is the financial performance of Stallion India Fluorochemicals?

The financials indicate a steady performance: 

Period Ended  31 Mar 2024  31 Mar 2023  31 Mar 2022 
Assets (₹ Cr)  203.14  126.18  98.01 
Revenue (₹ Cr)  236.23  226.06  186.34 
Profit After Tax (₹ Cr)  14.79  9.75  21.11 

  1. What is the allotment and listing timeline?

  • Basis of allotment: January 21, 2025 
  • Refund initiation: January 22, 2025 
  • Shares credited to demat accounts: January 22, 2025 
  • Listing date: January 23, 2025 

  1. Should you invest in Stallion India Fluorochemicals Limited IPO?

Stallion India Fluorochemicals Limited presents a compelling investment case with its established expertise, strong market presence, and consistent financial performance. However, investors should carefully assess risks such as geographic dependency and legal uncertainties before investing. 

Evaluate your risk tolerance and financial goals before participating in this IPO.

 

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