Bookbuilding IPO | ₹199 Cr | Listed at BSE, NSE | Thu, Jan 16, 2025 - Mon, Jan 20, 2025
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 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 Open
Thu, Jan 16, 2025
IPO Close
Mon, Jan 20, 2025
Issue Price
₹90 per share
Market Cap (Pre-IPO)
₹713.93 Cr
| IPO Date | 16 to 20 Jan, 2025 |
| Listed on | Thu, Jan 23, 2025 |
| Face Value | ₹10 per share |
| Price Band | ₹85 to ₹90 |
| Issue Price | ₹90 per share |
| Lot Size | 165 Shares |
| Sale Type | Fresh capital cum OFS |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Total Issue Size | 2,21,61,396 shares (agg. up to ₹199 Cr) |
| Fresh Issue | 1,78,58,740 shares (agg. up to ₹161 Cr) |
| Offer for Sale | 43,02,656 shares of ₹10 (agg. up to ₹39 Cr) |
| Share Holding Pre Issue | 6,14,66,514 shares |
| Share Holding Post Issue | 7,93,25,254 shares |
| BSE Script Code / NSE Symbol | 544342 / STALLION |
| ISIN | INE0RYC01010 |
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 | Max 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%) |
Investors can bid for a minimum of 165 shares and in multiples thereof.
| 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 |
Stallion India Fluorochemicals IPO raises ₹59.84 crore from anchor investors. Stallion India Fluorochemicals IPO Anchor bid date is January 15, 2025.
📝 Anchor Investors Letter (PDF)
| Bid Date | Wed, Jan 15, 2025 |
| Shares Offered | 66,48,418 |
| Anchor Portion (₹ Cr.) | 59.84 |
| Anchor lock-in period end date for 50% shares (30 Days) | Thu, Feb 20, 2025 |
| Anchor lock-in period end date for remaining shares (90 Days) | Mon, Apr 21, 2025 |
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 | 70.70 | 60.94 |
| Total Borrowing | 81.05 | 65.35 | 18.27 | 1.97 |
| Amount in ₹ Crore | ||||
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Funding incremental working capital requirements of our Company | 95.00 |
| 2 | Funding capital expenditure requirements for our Semi-conductor & Specialty Gas debulking & blending facility ("Khalapur, Maharashtra") | 29.16 |
| 3 | Funding capital expenditure requirements for our Refrigerant debulking & blending facility ("Mambattu, Andhra Pradesh") | 21.18 |
| 4 | General Corporate Purposes | 3.41 |
| KPI | Mar 31, 2024 |
|---|---|
| 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 (₹) | 2.41 | 4.18 |
| P/E (x) | 37.41 | 21.55 |
| Promoter Holding | 94.63% | 67.9% |
| Market Cap | ₹713.93 Cr. |
The Stallion India IPO is subscribed 188.32 times on January 20, 2025 6:19:09 PM (Day 3). The public issue subscribed 96.81 times in the retail category, 172.93 times in the QIB category, and 422.35 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for |
|---|---|---|---|
| QIB | 172.93 | 44,32,279 | 76,64,65,095 |
| NII | 422.35 | 33,24,210 | 1,40,39,93,910 |
| bNII (bids above ₹10L) | 472.89 | 22,16,140 | 1,04,79,82,155 |
| sNII (bids below ₹10L) | 321.29 | 11,08,070 | 35,60,11,755 |
| Retail | 96.81 | 77,56,489 | 75,09,19,290 |
| Total | 188.32 | 1,55,12,978 | 2,92,13,78,295 |
Total Application : 50,83,342
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Fees payable to the BRLM | 6.12 |
| 2 | Advertising and marketing expenses | 1.63 |
| 3 | Fees to the Registrar to the Offer | 0.77 |
| 4 | Fees payable to the Regulators including stock exchanges | 1.12 |
| 5 | Printing and distribution of Issue stationary | 0.24 |
| 6 | Commission/processing fee for SCSBs, Sponsor Bank (for Bids made by Retail Individual Bidders using UPI) and Bankers to the Offer. Brokerage, underwriting commission and selling commission and bidding charges for Members of the Syndicate, Registered Brokers, RTAs and CDPs | 3.90 |
| 7 | Fees for the legal counsels appointed for the purpose of the Offer | 0.35 |
| 8 | Others (Industry Report, charges for monitoring Agency, Restated financials, NSDL & CDSL Fees, Verification Charges etc.) | 0.75 |
| Price Details | BSE | NSE |
|---|---|---|
| Final Issue Price | ₹90.00 | ₹90.00 |
| Open | ₹120.00 | ₹120.00 |
| Low | ₹120.00 | ₹120.00 |
| High | ₹125.99 | ₹126.00 |
| Last Trade | ₹125.99 | ₹126.00 |
Lead Manager Reports
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 Crores. The issue is priced at ₹90 per share. The minimum order quantity is 165.
The IPO opens on Thu, Jan 16, 2025, and closes on Mon, Jan 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 Thu, Jan 16, 2025 and closes on Mon, Jan 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 Wed, Jan 22, 2025. Check the Stallion India Fluorochemicals IPO allotment status.
The Stallion India Fluorochemicals IPO listing date is on Thu, Jan 23, 2025.
