Stallion India Fluorochemicals Ltd
Stallion India Fluorochemicals Ltd is set to launch its Initial Public Offering (IPO) on January 16, 2025, aiming to raise approximately ₹199.45 crore.
Company Overview
Established in 2002, Stallion India Fluorochemicals Ltd specializes in the debulking, blending, and processing of refrigerant and industrial gases, along with the sale of pre-filled cans. The company operates four strategically located facilities in Khalapur (Maharashtra), Ghiloth (Rajasthan), Manesar (Haryana), and Panvel (Maharashtra).
IPO Timeline
- Issue Period: January 16, 2025 – January 20, 2025
- Allotment Finalization: January 21, 2025
- Refund Initiation: January 22, 2025
- Listing Date: January 23, 2025
Price Band and Lot Size
- Price Band: ₹85 – ₹90 per share
- Lot Size: 165 shares
- Minimum Investment: ₹14,025
- Maximum Investment for Retail Investors: ₹1,93,050
Key Dates
- Anchor Investor Bidding: January 15, 2025
- IPO Opening Date: January 16, 2025
- IPO Closing Date: January 20, 2025
- Allotment Date: January 21, 2025
- Listing Date: January 23, 2025
Financials
| Particulars (₹ crore) | FY22 | FY23 | FY24 |
|---|---|---|---|
| Revenue from Operations | 185.88 | 225.50 | 233.23 |
| Profit After Tax (PAT) | 9.75 | 14.78 | 14.78 |
| Earnings Per Share (EPS) (₹) | 2.41 | 2.54 | 2.54 |
Strengths
- Established Market Presence: With over two decades in the industry, the company has a strong reputation in the refrigerant gas sector.
- Diverse Customer Base: Serves various industries, including electronics, healthcare, and manufacturing.
- Operational Efficiency: Focuses on timely deliveries and quality control.
Risks
- Product Concentration: Significant revenue dependence on a single product, R-32.
- Geographical Limitations: Operations are confined to specific regions.
- Raw Material Costs: Fluctuations could impact financial performance.
IPO Anchor Investors Details
Details regarding anchor investors have not been disclosed as of now.
IPO Promoter Holding
| Promoter | Pre-IPO Holding (%) | Post-IPO Holding (%) |
|---|---|---|
| Shazad Sheriar Rustomji | Data not available | Data not available |
IPO Grey Market Premium (GMP)
As of January 15, 2025, the shares are trading at a premium of ₹33 in the grey market, indicating a potential listing price of ₹123 per share.
Final Thoughts
Stallion India Fluorochemicals Ltd’s IPO presents an opportunity to invest in a company with a solid market presence and diverse clientele. However, potential investors should consider the risks associated with product concentration and geographical limitations. Conducting thorough due diligence is recommended before making investment decisions.