₹ 14850 / 165 shares
Issue Date
16 Jan - 20 Jan'25
Investment/lot
₹ 14850
Price Range
85 - 90
Lot Size
165
IPO Size
₹ 199.45 Cr
Listing On
23 Jan'25
Issue Price
90
Listed Price
₹ 120
Retail Gain/Listing Gain
▲33.33%
The Stallion India Fluorochemicals Ltd IPO is a 100% book-built offer. It consists of a fresh issue and an issue for sale. The fresh issue comprises 1,78,58,740 equity shares that adds up to ₹160.73 crores, while 43,02,656 equity shares worth ₹38.72 crores constitute the offer for sale portion.
Detail | Information |
---|---|
Upper Price Band | TBA |
Fresh Issue | 1,78,58,740 Equity Shares worth ₹160.73 crores |
Offer for Sale | 43,02,656 Equity Shares worth ₹38.72 crores |
EPS (in ₹) for FY 24 | 2.41 |
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 |
Investor Category | Shares Offered |
---|---|
QIBs | Not more than 50% of the offer |
Non-institutional bidders | Not less than 15% of the offer |
Retail individual bidders | Not less than 35% of the offer |
The Indian fluorochemicals and specialty gases market is anticipated to witness substantial growth, with a projected CAGR of 17% during the forecast period from 2024 to 2028. This growth will be driven by rising demand from various industries, including electronics, healthcare, and manufacturing.
Stallion India Fluorochemicals Ltd is into the business of selling refrigerant gases, industrial gases and related products. Its primary business consists of debulking, blending and processing of refrigerant and Industrial gases and selling of pre-filled cans.
Strong Market Recognition
Stallion India Fluorochemicals Ltd has been in the field for more than two decades and its promoters have experience of over three decades. It has strong market recognition in the refrigerant gas industry, which has enabled the company to distinguish itself from its competitors.
Business Model with Visibility of Cash Flows and Ability to Mitigate Operational Risk
Operational efficiency, facilitating timely deliveries, and maintaining quality control measures are core competencies of the company. These factors have been instrumental in helping the company develop relationships within the industry, resulting in significant growth in its operations.
Diversified Customer Base Across High Growth Industries and Long-standing Relationships with Customers
The company caters to a diverse clientele spanning various industries. These include manufacturers of air conditioners and refrigerators, firefighting equipment, semiconductor manufacturing, automobile manufacturing, pharma and medicals, semiconductors, glass bottle manufacturing, aerosols, and spray foam.
The company's revenue from operations depends significantly on sale of refrigerant gases and is restricted to certain geographies only. Any changes in the requirement policy or a decline in demand, could adversely affect its ability to grow or maintain its sales, earnings and cash flow.
Increases in the cost of raw materials as a percentage of its revenue from operations could have an adverse effect on the company's results of operations and financial condition.
The company's revenue from operations depends significantly on one product i.e. “R-32”. Any changes in the customer policy or a decline in the demand of the said product, or delays in the placement of orders by the customers, may affect its ability to grow or maintain its sales, earnings, and cash flow.
The supply of its products is subject to periodical fluctuations.
Particulars (in Rs. crore)
Particulars (in Rs. crore)
Parameter | Stallion India Fluorochemicals Ltd | Navin Flourine International Ltd | SRF Ltd | Gujarat Fluorochemicals Ltd |
---|---|---|---|---|
Sales in crore for FY 24 | 236.2263 | 1,488.20 | 10,906.09 | 4088.07 |
PAT in ₹ crore for FY 24 | 14.7883 | 235.17 | 1,374.03 | 41,875 |
EPS in ₹crore for FY 24 | 2.54 | 47.44 | 46.35 | 38.12 |
Return on net worth for FY 23 | 12.54% | 10.22% | 13.07% | 7.07% |
Sarthi Capital Advisors Private Ltd is the book running lead manager of the Stallion India Fluorochemicals Ltd IPO. Its registrar is Bigshare Services Private Ltd.
The company deals in gases, used as refrigerants, that are broadly classified as fluorochemicals. They are majorly used as refrigerants and fall in the categories of HC (hydrocarbons), HFCs (Hydrofluorocarbons) and HFOs (Hydrofluoroolefins).
In six months ended September 30, 2023 and Fiscal 2023, 2022 and 2021, the company's revenue from operations were ₹9,274.39 lakhs, ₹22,550.44 lakhs, ₹18,588.27 lakhs and ₹11,797.38 lakhs, respectively. It has witnessed consistent improvement in its balance sheet position in the last fiscal.
Stallion India Fluorochemicals Ltd sells its product under the brand name “Stallion.” The company has been in the field for more than two decades and has promoters with over three decades of experience and strong market recognition in the refrigerant gases industry.
Parameter | FY 23 | FY 22 | FY 21 |
---|---|---|---|
Total Income (in ₹ crore) | 235.1993 | 186.3407 | 119.4152 |
Profit Before Tax (in ₹ crore) | 232.619 | 300.709 | 134.276 |
EBITDA (in lakh) | 25.8866 | 33.0088 | 15.2585 |
Parameter | FY 24 | FY 23 | FY 22 |
---|---|---|---|
Profit Before Tax (in ₹ crore) | 21.26 | 2,326.19 | 3,007.09 |
Net Cash from Operating Activities (in₹ crore) | (73.4479) | (281.14) | 798.95 |
Net Cash from Investing Activities (in₹ crore) | 12.1358 | 133.791 | (79.65) |
Net Cash from Financing Activities (in ₹ crore) | 76.4364 | 15.5782 | (8.1556) |
Cash and Cash Equivalents at the end of the Period (in ₹ crore) | 1.61363 | 1.0120 | 1.6243 |
You can check the allotment status of the Stallion India Fluorochemicals Ltd IPO on the BSE website and on the website of the registrar - Bigshare Services Pvt Ltd. Follow these steps to check the status on the BSE website:
To check the status on the website of Bigshare Services Pvt Ltd:
Here are the steps to apply for Stallion India Fluorochemicals Ltd IPO:
Step 1: Log in to your Kotak Securities Demat account Log in to your Demat account to access IPO investments. Next, select the current IPO section.
Step 2: Specify IPO details Enter the number of lots and the price you wish to apply for.
Step 3: Enter UPI ID After entering your UPI ID, click submit. This will place your bid with the exchange.
Step 4: Mandate Notification Your UPI app will receive a mandate notification to block funds.
Step 5: Approve Request Your funds will be blocked once you approve the mandate request on your UPI.
Stallion India Fluorochemicals Limited IPO will list on 2025-01-23.
199.45 is the issue size of Stallion India Fluorochemicals Limited IPO.
The minimum lot size is 165 shares and the investment required is ₹14850.
The price band of Stallion India Fluorochemicals Limited IPO is ₹85 to ₹90.
You can read more about Stallion India Fluorochemicals Limited and its IPO from the company’s red herring prospectus (RHP) here.
A 100% book-built offer, Stallion India Fluorochemicals Ltd consists of a fresh issue and an offer for sale. The fresh issue comprises 1,78,58,740 equity shares, while the offer for sale comprises 43,02,656 equity shares.
The exact dates of this IPO are yet to be known. However, it’s expected to hit anytime soon.
The company hasn’t given any information on the lot size yet.