Stallion India Fluorochemicals Limited Link 
Allotment
The Stallion India Fluorochemicals IPO was a book-built issue aggregating to ₹199.45 crore. The issue comprised a fresh issue of 1.79 crore equity shares amounting to ₹160.73 crore, along with an offer for sale (OFS) of 0.43 crore shares totaling ₹38.72 crore.
The IPO opened for subscription on January 16, 2025, and closed on January 20, 2025. The basis of allotment was finalized on January 21, 2025, and the equity shares were listed on both the BSE and NSE on January 23, 2025.
The price band for the IPO was fixed at ₹90 per share, with a lot size of 165 shares. Retail investors were required to invest a minimum of ₹14,850, based on the upper price band.
For non-institutional investors:
Small NII (sNII): Minimum application of 14 lots (2,310 shares) amounting to ₹2,07,900
Big NII (bNII): Minimum application of 68 lots (11,220 shares) amounting to ₹10,09,800
Sarthi Capital Advisors Pvt. Ltd. acted as the book-running lead manager for the issue, while Bigshare Services Pvt. Ltd. served as the registrar.
₹90
0%
Open
₹90
HIgh - Low
₹90
Previous Close
₹90
Total Traded Value
0
52 Weeks High
₹90
52 Weeks Low
₹90
Updates On
Jan 10, 2025
IPO. Open
Jan 16, 2026
IPO. Close
Jan 20, 2026
IPO. Price
₹90.00
IPO Market price
₹713.93 Cr
IPO Details
| IPO Date | 23 Jan |
| IPO Listing Date | 23 Jan |
| IPO Face Value | ₹10 per share |
| IPO Price Range | ₹90.00 |
| IPO Issue Size | 6,14,66,514 shares |
| IPO Sale Type | Fresh Capital & OFS |
| Employee Discount | - |
| IPO Issue Type | Bookbuilding IPO |
| IPO Listing | BSE, NSE Platform |
| Share Holding Pre Issue | 7,93,25,254 shares |
IPO Timeline
| IPO Open Date | 16 Jan |
| IPO Close Date | 20 Jan |
| IPO Allotment (Tentative) | 21 Jan |
| Refunds | 22 Jan |
| Credit to Demat Account | 22 Jan |
| IPO Listing Date | 23 Jan |
IPO Reservation
| Category | Offer |
|---|---|
| QIB Shares Offered | 1,10,80,697 Shares |
| NII (HNI) Shares Offered | 33,24,210 Shares |
| Retail Shares Offered | 77,56,489 Shares |
IPO Lot Size
Investors can apply for a minimum of 165 equity shares and thereafter in multiples of 165 shares.
| Application | Lots | Share | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 165 | ₹14,850 |
| Retail (Max) | 13 | 2,145 | ₹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 |
Incorporated in 2002, Stallion India Fluorochemicals Limited is engaged in the business of selling refrigerant and industrial gases along with related products. The company’s core operations include the debulking, blending, and processing of refrigerant and industrial gases, as well as the sale of pre-filled cans and small cylinders/containers.
The company operates four manufacturing plants located at:
Khalapur, Raigad (Maharashtra)
Panvel, Raigad (Maharashtra)
Ghiloth, Alwar (Rajasthan)
Manesar, Gurugram (Haryana)
Stallion primarily deals in fluorochemical gases, which are widely used as refrigerants. Its products cater to a diverse range of industries, including semiconductor manufacturing, automotive, electronics, pharmaceuticals, healthcare, fire safety equipment, spray foam, glass bottle manufacturing, and aerosol production.
Competitive Strengths
Strong market recognition
Robust business model with the ability to mitigate operational risks
Diverse customer base across high-growth industries with long-standing client relationships
Experienced promoter and key managerial personnel
Proven track record of consistent financial performance
Strategically located manufacturing plants
Company Financials (Consolidated)
| Assets | 235.69 | 203.14 | 126.18 |
| Total Income | 141.53 | 236.23 | 226.06 |
| Profit After Tax | 16.57 | 14.79 | 9.75 |
| EBITDA | - | - | - |
| NET Worth | 134.53 | 117.96 | 70.7 |
| Reserves and Surplus | - | - | - |
| Total Borrowing | 81.05 | 65.35 | 18.27 |
Key Performance Indicator (KPI)
| ROE | 12.54% |
| ROCE | 13.96% |
| Debt/Equity | 0.55 |
| RoNW | 12.54% |
| PAT Margin | 6.26% |
| EBITDA Margin | - |
| Price to Book Value | 4.6 |
IPO Objects of the Issue
| S.No. | Objects of the ipo Resources Detail | IPO Amount |
|---|---|---|
| 1 | Funding capital expenditure requirements for the purchase of equipment/machineries | - |
| 2 | To meet out the expenses of Working Capital Requirement | 95 |
| 3 | To meet out the General Corporate Purposes; | 3.41 |
| 4 | Offer for Sale (OFS) | - |
Contact Details
Stallion India Fluorochemicals Ltd. Address
2, A Wing, Knox Plaza,
Off. Link Road, Mindspace,
Malad – (West), Mumbai – 400064
Malad, Maharashtra
022-43510000
compliance@stallion.in
Detail Registrar
IPO Registrar
Bigshare Services Pvt.Ltd.
+91-22-6263 8200
ipo@bigshareonline.com
https://ipo.bigshareonline.com/IPO_Status.html
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