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STALLION · NSE,BSE · Industrial Gases & Refrigerants
Stallion India Fluorochemicals IPO listed on 23 Jan 2025 on NSE,BSE at ₹120.00, a gain of 33.33% over the issue price of ₹90.00. The IPO was subscribed 188.38x overall.
Stallion India Fluorochemicals IPO tentative timeline covering IPO opening, closing, basis of allotment, refunds, demat credit, and listing dates.
| Event | Date |
|---|---|
| IPO Open Date | 16 Jan 2025 |
| IPO Close Date | 20 Jan 2025 |
| Basis of Allotment | 21 Jan 2025 |
| Initiation of Refunds | 22 Jan 2025 |
| Credit of Shares to Demat | 22 Jan 2025 |
| Listing Date | 23 Jan 2025 |
Listing day gain
+33.33%
Listed at ₹120 (issue ₹90)
Issue
₹90
Listing
₹120
Current
₹126
+40% vs issue
Day range
₹120 – ₹126
Issue Size
22,161,396 shares
(aggregating up to ₹199.45 Cr)
Issue Price
₹85 – ₹90
Face Value
₹10/share
Market Lot
165 shares
Retail Min Investment
₹14,850
Listing At
NSE,BSE
Sale Type
both
Fresh Issue
17,858,740 shares
(aggregating up to ₹160.73 Cr)
Offer for Sale
4,302,656 shares
(aggregating up to ₹38.72 Cr)
Issue Type
book building
Open Date
16 Jan
Close Date
20 Jan
Allotment
21 Jan
Listing
23 Jan
Last updated: 1 year ago
| Date | IPO Issue Price (₹) | GMP (₹) | Est. Listing Price (₹) | Est. Profit Amount (₹) | Est. Profit % | Last Updated |
|---|---|---|---|---|---|---|
| 23 Jan 2025 Latest | ₹90 | ₹35 | ₹125 | ₹35 |
38.89%
|
12:00 AM |
| 22 Jan 2025 | ₹90 | ₹35 | ₹125 | ₹35 |
38.89%
|
12:00 AM |
Showing the 2 most recent GMP entries.
View full GMP historyLatest snapshot: 20 Jan 2025
| Category | Subscribed (x) |
|---|---|
| QIB | 172.93x |
| NII | 422.42x |
| bNII (bids above ₹10L) | 472.89x |
| sNII (bids below ₹10L) | 321.5x |
| Retail Investors | 96.9x |
| Total | 188.38x |
Showing the latest subscription snapshot.
View full subscription historyShazad Sheriar Rustomji, Manisha Shazad Rustomji and Rohan Shazad Rustomji are the promoters of the company.
New to lot sizes and investment limits? Read our guide on IPO lot size and minimum investment.
| Category | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 1 | 165 | ₹14,850 |
| Retail (Max) | 13 | 2,145 | ₹193,050 |
| S-HNI (Min) | 14 | 2,310 | ₹207,900 |
| S-HNI (Max) | 67 | 11,055 | ₹994,950 |
| B-HNI (Min) | 68 | 11,220 | ₹1,009,800 |
Want to understand how IPO shares are divided between investor categories? Read our guide on IPO reservation structure.
| Category | Shares Offered |
|---|---|
| QIB Shares Offered | 11,080,697 (50.00%) |
|
•
Anchor Investor Shares Offered
|
6,648,418 (30.00%) |
|
•
QIB (Ex. Anchor) Shares Offered
|
4,432,279 (20.00%) |
| NII (HNI) Shares Offered | 3,324,210 (15.00%) |
|
•
bNII > ₹10L
|
2,216,140 (10.00%) |
|
•
sNII < ₹10L
|
1,108,070 (5.00%) |
| Retail Shares Offered | 7,756,489 (35.00%) |
| Total Shares Offered | 22,161,396 (100.00%) |
Stallion India Fluorochemicals Limited was incorporated as a private limited company in Mumbai on September 5, 2002, and converted to a public limited company in October 2023. It works in the fluorochemicals and industrial gases sector.
The company is engaged in debulking, blending, and processing refrigerant and industrial gases, and sells pre-filled cans and small cylinders of these gases, along with developing custom gas blends for industrial applications. Its products, including hydrocarbons, hydrofluorocarbons, and hydrofluoroolefins, are used across industries such as air conditioning and refrigeration, semiconductor manufacturing, automotive, fire fighting, pharmaceuticals, and glass bottle manufacturing. The company operates four manufacturing facilities, in Khalapur and Panvel (both in Raigad district, Maharashtra), Ghiloth, Alwar (Rajasthan), and Manesar, Gurugram (Haryana). Its top 10 customers accounted for 77.32% of revenue as of September 30, 2024. Shazad Sheriar Rustomji is the promoter.
Revenue from operations rose from Rs 185.88 crore in FY22 to Rs 225.50 crore in FY23 to Rs 233.23 crore in FY24, while profit after tax rose to Rs 14.78 crore in FY24, up 51.58% from FY23. The IPO was a mainboard, book-built issue of up to 2,21,61,396 equity shares at a price band of Rs 85 to Rs 90 per share, listed on the BSE and NSE. As per the RHP, net proceeds from the fresh issue were proposed to be used for funding capital expenditure for its semiconductor and specialty gas debulking and blending facility, and its refrigerant debulking and blending facility.
Standalone · ₹ in Crores
| Particulars | FY Mar 2022 | FY Mar 2023 | FY Sep 2024 |
|---|---|---|---|
| Total Revenue | 186.34 | 226.06 | 141.53 |
| Profit After Tax (PAT) | 21.11 | 9.75 | 16.57 |
| EBITDA | - | - | - |
| Total Assets | 98.01 | 126.18 | 235.69 |
| Net Worth | 60.94 | 70.7 | 134.53 |
| Reserves & Surplus | - | - | - |
| Total Borrowing | 1.97 | 18.27 | 81.05 |
Revenue & Profit Trend
Key ratios per fiscal period
| Particulars | Mar 2024 |
|---|---|
| RoE Return on Equity Shows how much profit the company makes on the money shareholders have put in. 15% to 20% is healthy in most industries. | 12.54% |
| RoCE Return on Capital Employed Shows the profit earned on all the money used, shareholder funds plus loans. Matters most for factory and infrastructure heavy companies. | 13.96% |
| RoNW Return on Net Worth Shows the profit earned on the company's own net worth. Steady or rising over 3 years is a good sign. | 12.54% |
| PAT Margin Profit After Tax Margin Out of every ₹100 of sales, how much the company keeps after paying all costs, loan interest and tax. | 6.26% |
| Debt / Equity Debt to Equity How much the company has borrowed against what shareholders own. Above 1x means the loans are bigger than shareholder funds. | 0.55x |
| P/BV Price to Book Value Tells you if the IPO price is above what the company actually owns. 1x to 3x is usually seen as reasonable. | 4.69x |
Issue-level · at the upper price band
| Particulars | Pre-IPO | Post-IPO |
|---|---|---|
| EPS Earnings Per Share Profit the company earns on each share. Post-IPO EPS is usually lower because the issue adds new shares. | ₹2.41 | ₹4.18 |
| P/E Price to Earnings Tells you if the IPO price is fair for what the company earns. Compare it with listed companies in the same sector. | 37.41x | 21.55x |
| Market Cap Market Capitalisation What the whole company is valued at, at the upper price band. Post-IPO counts the new shares the issue creates. | ₹553 Cr | ₹1,000 Cr |
The basis of allotment for Stallion India Fluorochemicals IPO was finalised on 21 Jan 2025. You can check your allotment status using your PAN number or application number on the Bigshare Services Private Limited portal or BSE.
The Stallion India Fluorochemicals IPO is expected to open in Jan 2025, subject to SEBI approval. Final dates will be updated once announced officially.
The price band for Stallion India Fluorochemicals IPO is ₹85.00 - ₹90.00 per share.
As per market sources, Stallion India Fluorochemicals IPO GMP is currently ₹35.00. GMP is tracked daily in the grey market. GMP indicates unofficial demand but does not guarantee listing gains.
The subscription status for Stallion India Fluorochemicals IPO stands at 188.38x overall.
The listing date for Stallion India Fluorochemicals IPO is 23 Jan 2025.
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