The highly anticipated Initial Public Offering (IPO) of Stallion India Fluorochemicals, a leading provider of refrigerants and industrial gases, will open for bidding on January 16, 2025, giving investors an opportunity to participate in the company’s public listing. Stallion India Fluorochemicals, headquartered in Mumbai, is a recognized name in the industry, involved in debulking, blending, and processing refrigerant and industrial gases, with a vast network of manufacturing plants across India. Here’s everything you need to know about the IPO, including the price band, grey market premium (GMP), offer size, and how to apply.
Stallion India Fluorochemicals IPO Key Highlights
- Price Band: ₹85-90 per equity share
- Minimum Application Size: 165 shares (and in multiples thereafter)
- Offer Size: ₹199.45 crore (Fresh Issue of ₹160.73 crore + Offer for Sale (OFS) of ₹38.72 crore)
- Issue Opening Date: January 16, 2025
- Issue Closing Date: January 20, 2025
- Listing Date: January 23, 2025 (tentative)
- Market Capitalization Post-IPO: ₹713.93 crore
Stallion India Fluorochemicals Business Overview
Incorporated in 2002, Stallion India Fluorochemicals has made its mark in the refrigerant and industrial gases sector. The company operates four state-of-the-art plants in Khalapur (Maharashtra), Ghiloth (Rajasthan), Manesar (Haryana), and Panvel (Maharashtra), manufacturing and distributing refrigerants and industrial gases, including fluorochemicals. These gases are essential in various industries, particularly for use as refrigerants in air conditioning, refrigeration, and other industrial applications. Stallion India Fluorochemicals also manufactures and sells pre-filled cans and small cylinders for commercial use.
The company’s established infrastructure, robust supply chain, and strong market position make it an attractive investment option for those looking to diversify their portfolio with a company poised for growth.
Stallion India Fluorochemicals IPO Financial Performance
- For the Six Months Ended September 30, 2024:
- Net Profit: ₹16.57 crore
- Revenue: ₹141.53 crore
- For the Financial Year 2023-24:
- Net Profit: ₹14.79 crore
- Revenue: ₹236.23 crore
With these positive financials, Stallion India Fluorochemicals is poised to offer investors an exciting opportunity to participate in its future growth trajectory as it continues to expand its operations.
IPO Grey Market Premium (GMP)
As of now, the grey market premium (GMP) for Stallion India Fluorochemicals IPO is ₹33 per share. This suggests a 37% potential gain for investors if the stock performs similarly in the open market post-listing. However, investors should be cautious and conduct thorough research before applying.
IPO Allocation Breakdown
- Qualified Institutional Buyers (QIBs): 50% of the total offer
- Non-Institutional Investors (NIIs): 15% of the total offer
- Retail Investors: 35% of the total offer
The retail portion ensures that individual investors have a chance to secure a stake in the company.
How to Apply for Stallion India Fluorochemicals IPO
Investors can apply for the IPO using online platforms such as the BSE, NSE, or through their stockbroker. The minimum application is for 165 equity shares, and further applications can be made in multiples of 165 shares. Investors should be aware of the bidding dates, which are from January 16 to January 20, 2025.
IPO Lead Manager and Registrar
- Book Running Lead Manager: Sarthi Capital Advisors
- Registrar to the Issue: Bigshare Services Pvt Ltd
IPO Listing
Upon completion of the IPO, Stallion India Fluorochemicals shares will be listed on both the BSE (Bombay Stock Exchange) and the NSE (National Stock Exchange). The tentative listing date is January 23, 2025, giving investors a chance to track the stock’s market performance closely.
Final Thoughts
Stallion India Fluorochemicals’ IPO offers a significant opportunity for investors looking to tap into the growing demand for refrigerants and industrial gases, especially considering the company’s established market presence and promising financial results. With a grey market premium of ₹33, the IPO could offer substantial returns for retail investors, but as always, investors are advised to exercise caution and consult a financial advisor to assess the risks involved.
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