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Stallion India Fluorochemicals IPO is a book build issue of ₹199.45 crores. The issue is a combination of fresh issue of 1.79 crore shares aggregating to ₹160.73 crores and offer for sale of 0.43 crore shares aggregating to ₹38.72 crores.
Stallion India Fluorochemicals IPO bidding started from Jan 16, 2025 and ended on Jan 20, 2025. The allotment for Stallion India Fluorochemicals IPO was finalized on Jan 21, 2025. The shares got listed on BSE, NSE on Jan 23, 2025.
Stallion India Fluorochemicals IPO price band is set at ₹90.00 per share . The lot size for an application is 165. The minimum amount of investment required by an retail is ₹14,850 (165 shares) (based on upper price). The lot size investment for sNII is 14 lots (2,310 shares), amounting to ₹2,07,900, and for bNII, it is 68 lots (11,220 shares), amounting to ₹10,09,800.
Sarthi Capital Advisors Pvt.Ltd. is the book running lead manager and Bigshare Services Pvt.Ltd. is the registrar of the issue.
Refer to Stallion India Fluorochemicals IPO RHP for detailed Information.
| IPO Date | January 16, 2025 to January 20, 2025 |
| Listing Date | January 23, 2025 |
| Face Value | ₹10 per share |
| Issue Price Band | ₹85 to ₹90 per share |
| Issue Price Final | ₹90 per share |
| Lot Size | 165 Shares |
| Sale Type | Fresh Capital-cum-Offer for Sale |
| Total Issue Size | 2,21,61,396 shares (aggregating up to ₹199.45 Cr) |
| Fresh Issue | 1,78,58,740 shares (aggregating up to ₹160.73 Cr) |
| Offer for Sale | 43,02,656 shares of ₹10 (aggregating up to ₹38.72 Cr) |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Share Holding Pre Issue | 6,14,66,514 shares |
| Share Holding Post Issue | 7,93,25,254 shares |
Stallion India Fluorochemicals IPO offers total 2,21,61,396 shares. Out of which 1,10,80,697 (50.00%) allocated to QIB, 44,32,279 (20.00%) allocated to QIB (Ex- Anchor), 33,24,210 (15.00%) allocated to NII, 77,56,489 (35.00%) allocated to RII and 66,48,418 (30.00%) allocated to Anchor investors.
| Investor Category | Shares Offered | Maximum Allottees |
|---|---|---|
| QIB Shares Offered | 1,10,80,697 (50.00%) | NA |
| − Anchor Investor Shares Offered | 66,48,418 (30.00%) | NA |
| − QIB (Ex. Anchor) Shares Offered | 44,32,279 (20.00%) | NA |
| NII (HNI) Shares Offered | 33,24,210 (15.00%) | NA |
| − bNII > ₹10L | 22,16,140 (10.00%) | 959 |
| − sNII < ₹10L | 11,08,070 (5.00%) | 479 |
| Retail Shares Offered | 77,56,489 (35.00%) | 47,009 |
| Total Shares Offered | 2,21,61,396 (100.00%) |
Stallion India Fluorochemicals IPO raises ₹59.84 crore from anchor investors. Stallion India Fluorochemicals IPO Anchor bid date is January 15, 2025. Stallion India Fluorochemicals IPO Anchor Investors list
| Bid Date | January 15, 2025 |
| Shares Offered | 66,48,418 |
| Anchor Portion Size (In Cr.) | 59.84 |
| Anchor lock-in period end date for 50% shares (30 Days) | February 20, 2025 |
| Anchor lock-in period end date for remaining shares (90 Days) | April 21, 2025 |
Stallion India Fluorochemicals IPO opens on January 16, 2025, and closes on January 20, 2025.
| IPO Open Date | Thu, Jan 16, 2025 |
| IPO Close Date | Mon, Jan 20, 2025 |
| Tentative Allotment | Tue, Jan 21, 2025 |
| Initiation of Refunds | Wed, Jan 22, 2025 |
| Credit of Shares to Demat | Wed, Jan 22, 2025 |
| Tentative Listing Date | Thu, Jan 23, 2025 |
| Cut-off time for UPI mandate confirmation | 5 PM on Mon, Jan 20, 2025 |
Investors can bid for a minimum of 165 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Individual Investors (Retail) and HNI in terms of shares and amount.
| Application | 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 |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
Incorporated in 2002, Stallion India Fluorochemicals Limited is engaged in the business of selling Refrigerant and Industrial Gases and related products. The company's primary business includes debulking, blending and processing Refrigerant and Industrial gases, and selling of pre-filled cans and small Cylinders/ Containers.
The company has four Plants in Khalapur, Raigad (Maharashtra), Ghiloth, Alwar (Rajasthan), Manesar, Gurugram (Haryana) and Panvel, Raigad (Maharashtra).
Stallion India Fluorochemicals Limited (Stallion) deals in gases that are broadly classified as Fluorochemicals. They are majorly used as refrigerants. Stallion's products such as gases are used in various industries, including semiconductor manufacturing, automotive, electronics, pharmaceuticals, healthcare, fire extinguishers, spray foam, glass bottle making, and aerosol production.
Competitive Strengths:
| Period Ended | 30 Sep 2024 | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
| Assets | 235.69 | 203.14 | 126.18 | 98.01 |
| Total Income | 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 | ||||
The market capitalization of Stallion India Fluorochemicals IPO is ₹713.93 Cr.
KPI as of Sun, Mar 31, 2024.
| KPI | Values |
|---|---|
| ROE | 12.54% |
| ROCE | 13.96% |
| Debt/Equity | 0.55 |
| RoNW | 12.54% |
| PAT Margin | 6.26% |
| Price to Book Value | 4.69 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS Rs | 2.41 | 4.18 |
| P/E (x) | 37.41 | 21.55 |
The net proceeds of the Fresh Issue:
[Dilip Davda] The company is engaged in the business of variety of refrigerant and industrial gases. It has created a niche place in the segment with quality and economical products. With a major shift in increasing its offerings, it has focused on high margin products. With its planned strategy it will stay ahead of curve and the management is confident of improving its earnings. Based on its recent financial performance, the issue appears reasonably priced. Investors may park funds for medium to long term. Read detail review...
| Listing Date | January 23, 2025 |
| BSE Script Code | 544342 |
| NSE Symbol | STALLION |
| ISIN | INE0RYC01010 |
| Final Issue Price | ₹90 per share |
| NSE Listing Group | BE (Trade to Trade) |
| BSE Listing Group | B |
Stallion India Fluorochemicals Ltd.
2, A Wing, Knox Plaza,
Off. Link Road, Mindspace,
Malad - (West), Mumbai - 400064
Malad, Maharashtra
Phone: 022-43510000
Email: compliance@stallion.in
Website: https://stallionfluorochemicals.com/
Bigshare Services Pvt.Ltd.
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://ipo.bigshareonline.com/IPO_Status.html
Stallion India Fluorochemicals IPO is a main-board IPO of 2,21,61,396 equity shares of the face value of ₹10 aggregating up to ₹199.45 Crores. The issue is priced at ₹90 per share. The minimum order quantity is 165.
The IPO opens on January 16, 2025, and closes on January 20, 2025.
Bigshare Services Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
Zerodha customers can apply online in Stallion India Fluorochemicals IPO using UPI as a payment gateway. Zerodha customers can apply in Stallion India Fluorochemicals IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Stallion India Fluorochemicals IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Stallion India Fluorochemicals IPO opens on January 16, 2025 and closes on January 20, 2025.
Stallion India Fluorochemicals IPO lot size is 165, and the minimum amount required for application is ₹14,850.
You can apply in Stallion India Fluorochemicals IPO online using either UPI or ASBA as a payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO Application is offered by brokers who don't offer banking services. Read more detail about applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.
The finalization of Basis of Allotment for Stallion India Fluorochemicals IPO will be done on Tuesday, January 21, 2025, and the allotted shares will be credited to your demat account by Wednesday, January 22, 2025. Check the Stallion India Fluorochemicals IPO allotment status.
The Stallion India Fluorochemicals IPO listing date is on Thursday, January 23, 2025.
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