2, A Wing, Knox Plaza, Off. Link Road,
Mindspace, Malad -
(West), Mumbai - 400064
Email: compliance@stallion.in
Website : https://stallionfluorochemicals.com/
Last updated on 20-Jan-2025 19:02:02
| Category | Offered | Applied | Times |
|---|---|---|---|
| QIBs | 4432279 | 766465095 | 172.93 |
| HNIs | 3324210 | 1404224085 | 422.42 |
| HNIs 10+ | 2216140 | 1047982155 | 472.89 |
| HNIs 2+ | 1108070 | 356241930 | 321.5 |
| Retail | 7756489 | 751600245 | 96.9 |
| Total | 15512978 | 2922289425 | 188.38 |
Application-Wise Breakup (Approx. no. of Apps) | |||
|---|---|---|---|
| Category | Reserved | Applied | Times |
| HNIs (10L+) | 959 | 90863 | 94.75 |
| HNIs (2-10L) | 480 | 146946 | 306.14 |
| Retail | 47009 | 3675190 | 78.18 |
| Subscription Demand (in ₹ crore) | |||
|---|---|---|---|
| Category | Offered | Demand | Times |
| QIBs | 39.89 | 6898.19 | 172.93 |
| FIIs | - | 1066.74 | - |
| DIIs | - | 2968.78 | - |
| Mutual funds | - | 60.61 | - |
| Others | - | 2802.06 | - |
| HNIs | 29.92 | 12638.02 | 422.42 |
| HNIs 10+ | 19.95 | 9431.84 | 472.89 |
| HNIs 2+ | 9.97 | 3206.18 | 321.5 |
| Retail | 69.81 | 6764.4 | 96.9 |
| Total | 139.62 | 26300.6 | 188.38 |
| QIB Interest Cost per share (7 Days) | |||||
|---|---|---|---|---|---|
| @7% ₹20.9 | @8% ₹23.9 | @9% ₹26.9 | @10% ₹29.8 | @11% ₹32.8 | @12% ₹35.8 |
| Category | Lot(s) | Qty | Amount | Reserved |
|---|---|---|---|---|
| Retail | 1 | 165 | 14850 | 47009 |
| sHNI | 14 | 2310 | 207900 | 480 |
| bHNI | 68 | 11220 | 1009800 | 959 |
IPO Details
| Issue Size | Up to 2,21,61,396 equity shares aggregating up to 199.45 crores |
| Fresh Issue | Up to 1,78,58,740 equity shares aggregating up to 160.73 crores |
| Offer For Sale | Up to 43,02,656 equity shares aggregating up to 38.72 crores |
| Issue Type | Book Built Issue IPO |
| Listing At | NSE,BSE |
| Share holding pre issue | 6,14,66,514 Equity Shares |
| Share holding post issue | 7,93,25,254 Equity Shares |
IPO Reservation
| Investor Category | Shares Offered |
|---|---|
| QIB Shares Offered | Not more than 50% of the Net Issue |
| Retail Shares Offered | Not less than 35% of the Net Issue |
| NII (HNI) Shares Offered | Not less than 15% of the Net Issue |
Key Performance Indicators
| KPI | Sep-24 | Mar-24 | Mar-23 |
|---|---|---|---|
| ROE | 12.31% | 12.54% | 13.79% |
| ROCE | 11.58% | 13.96% | 15.80% |
| RONW | 12.31% | 12.54% | 13.79% |
| EPS (basic) | 2.69 | 2.54 | 1.77 |
| P/E Pre IPO | 37.41 | ||
| P/E Post IPO | 21.55 |
Financial Details In Crores
| Period Ended | Sep-24 | Mar-24 | Mar-23 | Mar-22 |
|---|---|---|---|---|
| Assets | 236 | 203 | 126 | 98 |
| Revenue | 142 | 236 | 226 | 186 |
| Profit After Tax | 17 | 15 | 10 | 21 |
| Net Worth | 135 | 118 | 71 | 61 |
| Total Borrowing | 81 | 65 | 18 | 2 |
About Company
Incorporated in 2002, Stallion India Fluorochemicals Limited specializes in the sale of refrigerant and industrial gases and related products, with operations encompassing debulking, blending, and processing these gases, along with the sale of pre-filled cans and small cylinders or containers. The company operates four plants strategically located in Khalapur and Panvel, Raigad (Maharashtra), Ghiloth, Alwar (Rajasthan), and Manesar, Gurugram (Haryana). Stallion deals primarily in fluorochemicals, which are widely used as refrigerants and cater to diverse industries such as semiconductor manufacturing, automotive, electronics, pharmaceuticals, healthcare, fire extinguishers, spray foam, glass bottle production, and aerosol manufacturing, establishing its presence as a key player in these critical sectors.
Strength
Expertise in Specialty Gases: Nearly two decades of experience in blending and manufacturing HFC and HFO specialty gases with customized formulations tailored to diverse industrial needs.
Strategically Located Facilities: Four state-of-the-art plants in key regions of India, enabling efficient distribution and meeting regional demands with stringent safety standards.
Client-Centric Solutions: Robust industry knowledge and engineering proficiency allow for tailored solutions that enhance clients' efficiency, adaptability, and sustainability.
Weakness
Dependence on Refrigerant Gases: Revenue is highly reliant on the sale of refrigerant gases in limited geographies, making the company vulnerable to demand fluctuations.
Raw Material Cost Volatility: Rising raw material costs could significantly impact operational margins and overall financial performance.
Import Dependency on China: Heavy reliance on imports from China poses risks from potential trade restrictions or supply chain disruptions.