Stallion India IPO Overview
Stallion India IPO is a book built issue of Rs 199.45 crores. The issue is a combination of fresh issue of 1.79 crore shares aggregating to Rs 160.73 crores and offer for sale of 0.43 crore shares aggregating to Rs 38.72 crores.
Stallion India IPO bidding opened for subscription on January 16, 2025 and will close on January 20, 2025. The allotment for the Stallion India IPO is expected to be finalized on Tuesday, January 21, 2025. Stallion India IPO will list on BSE, NSE with tentative listing date fixed as Thursday, January 23, 2025.
Stallion India IPO price band is set at ₹85 to ₹90 per share. The minimum lot size for an application is 165. The minimum amount of investment required by retail investors is ₹14,850. The minimum 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 Private Limited is the book running lead manager of the Stallion India IPO, while Bigshare Services Pvt Ltd is the registrar for the issue.
Refer to Stallion India IPO RHP for detailed information.
Stallion India IPO Important dates
Stallion India IPO opens on January 16, 2025, and closes on January 20, 2025.
| IPO Open Date | Thursday, January 16, 2025 |
| IPO Close Date | Monday, January 20, 2025 |
| Basis of Allotment | Tuesday, January 21, 2025 |
| Initiation of Refunds | Wednesday, January 22, 2025 |
| Credit of Shares to Demat | Wednesday, January 22, 2025 |
| Listing Date | Thursday, January 23, 2025 |
| Cut-off time for UPI mandate confirmation | 5 PM on January 20, 2025 |
Stallion India IPO Financial Performance
| Period Ended | 30 Sep 2024 | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 | ||||||||||||||||||||||||||||||||||||
| Assets | 235.69 | 203.14 | 126.18 | 98.01 | ||||||||||||||||||||||||||||||||||||
| Revenue | 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 | ||||||||||||||||||||||||||||||||||||||||
Stallion India IPO Key Performance Indicator
The market capitalization of Stallion India IPO is Rs 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 |
Note:
- The Pre IPO EPS is calculated based on Pre issue shareholding as on date of RHP and the latest FY earnings as of March 31, 2024 that is available in RHP.
- The Post Issue EPS is calculated based on the Post issue shareholding and annualized FY earnings of September 30, 2024 that is available in RHP.
Stallion India IPO Objectives
The net proceeds of the Fresh Issue:
- Funding incremental working capital requirements of the Company.
- Funding capital expenditure requirements for our Semi-conductor & Specialty Gas debulking & blending facility (“Khalapur, Maharashtra”).
- Funding capital expenditure requirements for our Refrigerant debulking & blending facility (“Mambattu, Andhra Pradesh”).
- General Corporate Purposes.
Stallion India IPO Lot Size
Investors can bid for a minimum of 165 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 165 | ₹14,850 |
| Retail (Max) | 13 | 2145 | ₹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 |
| Lot Size Calculator | |||
Stallion India IPO Details
| IPO Date | January 16, 2025 to January 20, 2025 |
| Listing Date | [.] |
| Face Value | ₹10 per share |
| Price Band | ₹85 to ₹90 per share |
| Lot Size | 165 Shares |
| 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 | Book Built Issue 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 IPO Company Overview and Services
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:
- 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
Stallion India IPO SWOT Analysis
Strengths
- Strong Market Position: Stallion India enjoys a well-established presence in the fluorochemicals industry, particularly in the refrigerant gas market.
- Diverse Customer Base: The company caters to a wide range of industries, including refrigeration, air conditioning, and automotive, reducing reliance on any single sector.
- Robust Business Model: Stallion India’s business model is characterized by its focus on cost-effective manufacturing and efficient distribution, minimizing operational risks.
- Experienced Management: The company boasts a seasoned management team with extensive industry expertise, ensuring sound decision-making and strategic direction.
- Consistent Financial Performance: Stallion India has demonstrated consistent financial growth over the years, with increasing revenues and profitability.
Weaknesses
- Dependence on Raw Material Imports: A significant portion of Stallion India’s raw materials are imported, primarily from China, exposing the company to potential supply chain disruptions and price fluctuations.
- Competition: The fluorochemicals market is competitive, with both domestic and international players vying for market share.
- Regulatory Risks: The industry is subject to stringent environmental regulations, which could impact production costs and operations.
- Working Capital Requirements: The company’s expansion plans and working capital needs may require substantial funding, potentially impacting profitability.
Opportunities
- Expanding Product Portfolio: Stallion India can explore opportunities to diversify its product offerings, including specialty chemicals and high-margin products.
- Geographical Expansion: The company can expand its operations into new markets, both domestically and internationally, to capitalize on growing demand.
- Technological Advancements: Investing in research and development can enable Stallion India to adopt new technologies and improve production efficiency.
- Government Initiatives: Government initiatives promoting energy efficiency and environmental sustainability could create new opportunities for the company.
Threats
- Economic Slowdown: A global economic slowdown could adversely impact demand for the company’s products, particularly in sectors like automotive and construction.
- Currency Fluctuations: Fluctuations in exchange rates could impact the profitability of exports and imports.
- Environmental Concerns: Increasingly stringent environmental regulations could lead to higher compliance costs and potential disruptions to operations.
- Technological Disruptions: The emergence of new technologies or alternative refrigerants could pose a threat to the company’s existing product lines.
Overall, Stallion India appears to be a well-positioned company with a strong market presence and a solid financial track record. However, potential investors should carefully consider the risks associated with raw material dependence, competition, and regulatory challenges.
Stallion India IPO GMP Details
Stallion India IPO last GMP is ₹43, last updated Jan 20th 2025 08:55 AM. With the price band of 90.00, Stallion India IPO’s estimated listing price is ₹133 (cap price + today’s GMP).The expected percentage gain/loss per share is 47.78%.
We update GMP on a daily basis and based on last 7 sessions grey market activities, today IPO GMP trending upward and expects a strong listing. The lowest GMP is ₹21, while the highest GMP is ₹48. Stay with us to know the daily price trend of Stallion India IPO GMP with expected listing price.
| GMP Date | IPO Price | GMP | Sub2 Sauda Rate | Estimated Listing Price | Last Updated |
|---|---|---|---|---|---|
| 20-01-2025 Close | 90.00 | ₹43  |
5400/75600 | ₹133 (47.78%) | 20-Jan-2025 8:55 |
| 19-01-2025 | 90.00 | ₹43 |
5400/75600 | ₹133 (47.78%) | 19-Jan-2025 22:27 |
| 18-01-2025 | 90.00 | ₹43  |
5400/75600 | ₹133 (47.78%) | 18-Jan-2025 22:30 |
| 17-01-2025 | 90.00 | ₹40 |
5000/70000 | ₹130 (44.44%) | 17-Jan-2025 22:26 |
| 16-01-2025 Open | 90.00 | ₹38  |
4800/67200 | ₹128 (42.22%) | 16-Jan-2025 22:27 |
| 15-01-2025 | 90.00 | ₹48 |
6000/84000 | ₹138 (53.33%) | 15-Jan-2025 22:29 |
| 14-01-2025 | 90.00 | ₹21 |
2600/36400 | ₹111 (23.33%) | 14-Jan-2025 22:25 |
What is IPO GMP?
The grey market premium (GMP) reflects the unofficial trading price of an IPO before its listing, offering insights into its potential market performance. A positive GMP indicates that the IPO may yield profits, while a negative GMP suggests a possible discount upon listing. However, it’s essential to recognize that IPO GMP can be highly volatile. Therefore, investors should not make decisions solely based on the GMP but should thoroughly assess all relevant factors before investing.
Stallion India IPO Subscription Status
Stallion India IPO subscribed 46.98 times. The public issue subscribed 38.77 times in the retail category, 0.42 times in QIB, and 128.21 times in the NII category by January 20, 2025 10:24:11 AM (Day 3).
| Investor Category | Subscription (times) | Shares Offered* | Shares bid for | Total Amount (Rs Cr.)* |
|---|---|---|---|---|
| Anchor Investors | 1 | 66,48,418 | 66,48,418 | 59.84 |
| Qualified Institutions | 0.42 | 44,32,279 | 18,67,635 | 16.81 |
| Non-Institutional Buyers | 128.21 | 33,24,210 | 42,62,08,035 | 3,835.87 |
| bNII (bids above ₹10L) | 138.05 | 22,16,140 | 30,59,34,915 | 2,753.41 |
| sNII (bids below ₹10L) | 108.54 | 11,08,070 | 12,02,73,120 | 1,082.46 |
| Retail Investors | 38.77 | 77,56,489 | 30,07,15,140 | 2,706.44 |
| Total ** | 46.98 | 1,55,12,978 | 72,87,90,810 | 6,559.12 |
Total Application : 15,89,467
Stallion India IPO (Day-wise) Subscription Details (times)
| Date | QIB | NII | NII (> ₹10L) | NII (< ₹10L) | Retail | Total |
|---|---|---|---|---|---|---|
| Day 1 Jan 16, 2025 |
0.04 | 10.42 | 7.91 | 15.43 | 9.83 | 7.16 |
| Day 2 Jan 17, 2025 |
0.31 | 77.16 | 77.39 | 76.68 | 31.22 | 32.23 |
| Day 3 Jan 20, 2025 |
0.42 | 128.21 | 138.05 | 108.54 | 38.77 | 46.98 |
Stallion India IPO Allotment status
Stallion India IPO allotment is expected on Tuesday, January 21, 2025.
Stallion India IPO allotment status is not available at this time. Stallion India IPO – The allotment status will be available once the basis of allotment is finalized. Please revisit us to check the latest updates for Stallion India Fluorochemicals Limited IPO allotment status.
Stallion India IPO Contact Detail
Stallion India Fluorochemicals Limited
2, A Wing, Knox Plaza,
Off. Link Road, Mindspace,
Malad – (West), Mumbai – 400064
Phone: 022-43510000
Email: compliance@stallion.in
Website: https://stallionfluorochemicals.com/
Disclaimer: Investing in Initial Public Offerings (IPOs) involves substantial risk, and financial returns are not guaranteed. The information provided should not be construed as financial or investment advice. Prospective investors are advised to consider their financial situation, investment objectives, and risk tolerance before participating in an IPO. It is recommended to consult with a qualified financial advisor or professional before making any investment decisions. Past performance is not indicative of future results. Investments in IPOs may be subject to market risk, including the potential loss of principal.
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