The much-anticipated Stallion India IPO is scheduled to open on January 16, 2025, and will remain open for subscription until January 20, 2025. This Book Built Issue seeks to raise ₹199.45 crores, comprising a fresh issue of 1.79 crores and an offer for sale of 43,02,656 equity shares, with a price band set between ₹85 to ₹90 per share.
The IPO allocation includes 35% for retail investors, 50% for Qualified Institutional Buyers (QIBs), and 15% for High Net-Worth Individuals (HNIs). The allotment date is planned for January 21, 2025, with the listing on the BSE and NSE scheduled for January 23, 2025.
Stallion India has showcased steady growth, reporting ₹236.23 crores in revenue for 2024, compared to ₹226.06 crores in 2023. Profits also surged to ₹14.79 crores in 2024, up from ₹9.75 crores in 2023, indicating a strong financial foundation.
Investors eyeing long-term opportunities may find Stallion India’s IPO an attractive proposition, given its consistent performance and growth trajectory.
Overview of Contents
Stallion India IPO Overview
| Details | Information |
|---|---|
| Opening Date | January 16, 2025 |
| Closing Date | January 20, 2025 |
| Face Value | ₹10 per equity share |
| Price Band | ₹85 to ₹90 per share |
| Total Issue Size | Approx ₹199.45 Crores |
| Fresh Issue Size | Approx ₹1.79 crore |
| Offer for Sale | 43,02,656 equity shares |
| Issue Type | Book Built Issue |
| Stock Exchange Listing | BSE & NSE |
| Retail Investor Quota | Up to 35% |
| QIB Quota | Up to 50% |
| HNI (NII) Quota | Up to 15% |
| Allotment Date | January 21, 2025 |
| Listing Date | January 23, 2025 |
| Revenue FY24 | ₹236.23 crores |
| Revenue FY23 | ₹226.06 crores |
| Profit FY24 | ₹14.79 crores |
| Profit FY23 | ₹9.75 crores |
| Minimum Investment Lot | 165 |
| RHP (Final Prospectus) | Click here |
| DRHP (Draft Prospectus) | Click Here |
| Anchor Investors | Click Here |
Stallion India IPO Dates
| Event | Date |
|---|---|
| IPO Opening Date | January 16, 2025 |
| IPO Closing Date | January 20, 2025 |
| Finalization of Allotment | January 21, 2025 |
| Initiation of Refunds | January 20, 2025 |
| Shares Credited to Demat | January 20, 2025 |
| IPO Listing Date | January 23, 2025 |
| Cut-off time for UPI mandate confirmation | 5 PM on January 20, 2025 |
Stallion India IPO Lot Size
| Category | Min Shares | Max Shares | Min Investment (₹) | Max Investment (₹) |
|---|---|---|---|---|
| Retail Investor (Min) | 1 | 165 | ₹14,850 | ₹1,93,050 |
| Retail Investor (Max) | 13 | 2145 | ₹1,93,050 | ₹1,93,050 |
| S-HNI (Min) | 14 | 2,310 | ₹2,07,900 | ₹9,94,950 |
| S-HNI (Max) | 67 | 11,055 | ₹9,94,950 | ₹9,94,950 |
| B-HNI (Min) | 68 | 11,220 | ₹10,09,800 | ₹10,09,800 |
About Stallion India IPO
Established in 1992, Stallion India Fluorochemicals Ltd. is a leading manufacturer and supplier of high-quality refrigerants and specialty gases in India. Headquartered in Mumbai and led by founder and Managing Director Shazad Sheriar Rustomji, the company specializes in the production and distribution of HFC and HFO gases, catering to diverse industries such as semiconductors, automotive, electronics, pharmaceuticals, and fire safety.
With over two decades of expertise, Stallion operates four state-of-the-art facilities in Maharashtra, Rajasthan, and Haryana, adhering to stringent safety and environmental standards. The company’s commitment to delivering customized solutions helps clients enhance efficiency, reduce energy costs, and ensure sustainability. Its acquisition of Stallion Enterprises in 2023 and expansion in North India underscore its growth trajectory. With a strong leadership team and proven industry experience, Stallion India is well-positioned for long-term value creation, making it a compelling prospect for IPO investors.
Stallion India IPO Promoter Holding
Shazad Sheriar Rustomji, Manisha Shazad Rustomji, and Rohan Shazad Rustomji are the key promoters of Stallion India Fluorochemicals Ltd. As of the pre-issue stage, they collectively hold 94.63% of the company’s shares. Post-IPO, the shareholding will be reduced to 67.90%, reflecting the offer for sale and fresh issue. This reduction ensures broadening of the shareholder base and supports the company’s expansion plans.
| Promoter | Shazad Sheriar Rustomji | Manisha Shazad Rustomji | Rohan Shazad Rustomji |
|---|---|---|---|
| Shareholding Pre-Issue | 94.63% | 94.63% | 94.63% |
| Shareholding Post-Issue | 67.90% | 67.90% | 67.90% |
Stallion India IPO Reservation
| Investor Category | Shares Offered |
|---|---|
| QIB Shares Offered | Not more than 50% of the Offer |
| Retail Shares Offered | Not less than 35% of the Offer |
| NII (HNI) Shares Offered | Not less than 15% of the Offer |
Stallion India IPO Company Financial Report
Stallion India Fluorochemicals Ltd. has demonstrated steady financial growth over recent years. The company’s revenue increased consistently from ₹186.34 crores in 2022 to ₹236.23 crores in 2024, showcasing robust business expansion.
Despite fluctuations in profit after tax, the company achieved ₹16.57 crores in profit for the six months ending September 2024, reflecting improved profitability. Total assets have significantly grown, indicating strong financial stability and the company’s ability to support future growth.
| Period Ended | Revenue (₹ in Crores) | Expense (₹ in Crores) | Profit After Tax (₹ in Crores) | Assets (₹ in Crores) |
|---|---|---|---|---|
| 2022 | ₹186.34 | ₹156.27 | ₹21.11 | ₹98.01 |
| 2023 | ₹226.06 | ₹213.09 | ₹9.75 | ₹126.18 |
| 2024 | ₹236.23 | ₹214.96 | ₹14.79 | ₹203.14 |
| September 2024 | ₹141.53 | ₹119.06 | ₹16.57 | ₹235.69 |
Objects of the Issue
- Funding incremental working capital requirements of our 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 Valuation – FY2024
| KPI | Values |
|---|---|
| Return on Equity (ROE) | 12.54% |
| Return on Capital Employed (ROCE) | 13.96% |
| EBITDA Margin | 11.30% |
| Profit After Tax (PAT) Margin | 6.26% |
| Debt to Equity Ratio | 0.55 |
| Earnings Per Share (EPS) | ₹2.54 (Basic) |
| Price/Earnings (P/E) Ratio | N/A |
| Return on Net Worth (RoNW) | 12.54% |
| Net Asset Value (NAV) | ₹19.19 |
Peer Group Comparison
| Company | EPS (₹) | PE Ratio | Return on Net Worth (RoNW) % | Net Asset Value (NAV) | Income (₹ in Crores) |
|---|---|---|---|---|---|
| FluoroChem India Ltd. | 47.44 | 70.82 | 10.22% | – | 235.17 |
| ChemFluor Solutions Ltd. | 46.35 | 49.30 | 13.07% | – | 1,374.03 |
| Gujarat Fluorochemicals Ltd. | 38.12 | 108.36 | 7.07% | – | 418.75 |
Stallion India IPO Registrar
Bigshare Services Pvt. Limited
S6-2, 6th Floor, Pinnacle Business Park,
Next to Ahura Centre, Mahakali
Caves Road, Andheri East, Mumbai – 400 093
Phone: +91 22 6263 8200
Email: [email protected]
Website: www.bigshareonline.com
IPO Lead Managers aka Merchant Bankers
- Sarthi Capital Advisors Private Limited
Company Address
Stallion India Fluorochemicals Limited
2, A Wing, Knox Plaza, Off. Link Road, Mindspace,
Malad – (West), Mumbai – 400064
Phone: 022-43510000
Email: [email protected]
Website: www.stallionfluorochemicals.com
Stallion India IPO FAQs
What is the Stallion India IPO open and close date?
The Stallion India IPO will open on January 16, 2025, and close on January 20, 2025.
What is the price band for the Stallion India IPO?
The IPO price band is ₹85 to ₹90 per share.
What is the issue size of the Stallion India IPO?
The issue size is approximately Rs 160.73 crores, which includes a fresh issue and an offer for sale of 43,02,656 equity shares.
What is the retail quota for the IPO?
The retail quota is 35% of the total issue size.
When will the Stallion India IPO list on the stock exchanges?
The IPO is expected to list on BSE and NSE on January 23, 2025.
What are the key financials of Stallion India?
For the year 2024, Stallion India reported a revenue of ₹236.23 crores and a profit after tax of ₹14.79 crores.
What is the allotment date for the Stallion India IPO?
The allotment date is set for January 21, 2025.