Stallion India Fluorochemicals IPO
Bookbuilding IPO | ₹199.00 Cr | Listing at BSE, NSE
IPO Open
Thu, Jan 16, 2025
IPO Close
Mon, Jan 20, 2025
Price Band
₹85.00 to ₹90.00
Market Cap (Pre-IPO)
₹713.93 Cr
IPO Details
| IPO Date | Jan 16, 2025 to Jan 20, 2025 |
| Listing Date | Tentative: Jan 23, 2025 |
| Face Value | ₹10.00 per share |
| Price Band | ₹85.00 to ₹90.00 |
| Lot Size | 165 Shares (Minimum: ₹14,850.00) |
| Sale Type | Offer For Sale + Fresh Issue |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Issue Size | ₹199.00 Crores |
| Total Shares Offered | 22,161,396 shares |
| Fresh Issue | 17,858,740 shares |
| Offer For Sale | 4,302,656 shares |
Subscription Data
| Category | Times Subscribed |
|---|---|
| QIB | 172.93x |
| NII | 422.35x |
| RII | 96.81x |
| Total | 188.32x |
Stallion India Fluorochemicals IPO Reservation
| Investor Category | Shares Offered |
|---|---|
| QIB Shares Offered | 1,10,80,697 (50.00%) |
| Retail Shares Offered | 77,56,489 (35.00%) |
| NII Shares Offered | 33,24,210 (15.00%) |
Stallion India Fluorochemicals IPO Lot Size
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 | ₹193,050 |
| S-HNI (Min) | 14 | 2,310 | ₹207,900 |
| S-HNI (Max) | 67 | 11,055 | ₹994,950 |
| B-HNI (Min) | 68 | 11,220 | ₹1,009,800 |
Stallion India Fluorochemicals Financial Information (Restated Consolidated)
| 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 |
| EBITDA | 0.00 | 0.00 | 0.00 | 0.00 |
| NET Worth | 134.53 | 117.96 | 70.70 | 60.94 |
| Reserves and Surplus | 0.00 | 0.00 | 0.00 | 0.00 |
| Total Borrowing | 81.05 | 65.35 | 18.27 | 1.97 |
Amount in ₹ Cr
Key Performance Indicators
As of Sunday, March 31, 2024| KPI | Values |
|---|---|
| ROE (Return on Equity) | 12.54% |
| ROCE (Return on Capital Employed) | 13.96% |
| Debt/Equity | 0.55 |
| RoNW (Return on Net Worth) | 12.54% |
| PAT Margin (Profit After Tax Margin) | 6.26% |
| EBITDA Margin | 0.00% |
| Price to Book Value | 4.69 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS Rs | 2.41 | 4.18 |
| P/E (x) | 37.41 | 21.55 |
| Promoter Holding | 94.63% | 67.90% |
Company Promoters
- Shazad Sheriar Rustomji
- Manisha Shazad Rustomji and Rohan Shazad Rustomji are the company promoters.
Company Overview
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.
Company Strengths
- Strong Market recognition
- Business model and ability to mitigate operational risk
- Customer base across high growth industries and long-standing relationships with customers
- Experienced Promoter and Key Managerial Personnel
- Track record of consistent financial performance
- Plants
Use of Proceeds
| 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 |
Objectives
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
Stallion India Fluorochemicals IPO Peer Comparison
| Company Name | EPS (Basic) | EPS (Diluted) | NAV (per share) (Rs) | P/E (x) | RoNW (%) | P/BV Ratio | Financial statements |
|---|---|---|---|---|---|---|---|
| Stallion India Fluorochemicals Limited | 2.54 | 0.00 | 0.00 | 0.00 | 12.54 | 0.00 | - |
| Navin Fluorine International Limited | 47.44 | 0.00 | 0.00 | 70.82 | 10.22 | 0.00 | - |
| Srf Ltd. | 46.35 | 0.00 | 0.00 | 49.30 | 13.07 | 0.00 | - |
| Gujarat Fluorochemicals Ltd | 38.12 | 0.00 | 0.00 | 108.36 | 7.07 | 0.00 | - |
Quick Info
| Sector | Chemicals |
| Exchange | BSE, NSE |
| Market Cap (Pre-IPO) | ₹713.93 Cr |
| GMP | 0.00 |
Important Dates
| IPO Open | Jan 16, 2025 |
| IPO Close | Jan 20, 2025 |
| Allotment Date | Jan 21, 2025 |
| Credit to Demat | Jan 22, 2025 |
| Listing Date | Tentative: Jan 23, 2025 |
Description
- 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.