Stallion India Fluorochemicals IPO Opens January 16, 2025

Stallion India Fluorochemicals Limited, a seller of refrigerant and industrial gases, is set to launch its IPO to raise ₹199.45 crore. The issue includes a fresh issue of 1.78 crore shares worth ₹160.73 crore and an offer-for-sale (OFS) of 43.05 lakh shares aggregating ₹38.72 crore. The IPO will be open for subscription from January 16 to January 20, 2025.

Key Dates and Listing Details

The basis of allotment for Stallion India’s IPO will be finalized on January 21, 2025. Refunds and credit of shares to demat accounts are scheduled for January 22, 2025. The stock is expected to be listed on BSE and NSE on January 23, 2025. Investors must confirm their UPI mandate by 5 PM on the closing date, January 20, 2025.

Price Band and Lot Size

The price band for the IPO is set between ₹85 and ₹90 per share. Retail investors can apply for a minimum of one lot, comprising 165 shares, requiring an investment of ₹14,850. Small Non-Institutional Investors (sNII) can apply for a minimum of 14 lots (2,310 shares) amounting to ₹2,07,900, while Big Non-Institutional Investors (bNII) can bid for at least 68 lots (11,220 shares), requiring ₹10,09,800.

The net issue is allocated as follows: 50% for Qualified Institutional Buyers (QIBs), 35% for retail investors, and 15% for Non-Institutional Investors (NIIs).

Objects of the Issue

The proceeds will fund working capital needs, capital expenditures for semiconductor and refrigerant facilities, and general corporate purposes. The IPO is managed by Sarthi Capital Advisors, with Bigshare Services as the registrar.

About Stallion India Fluorochemicals Ltd 

Stallion India Fluorochemicals is into debulking, blending, and processing refrigerant and industrial gases. The company operates 4facilities, located in Maharashtra, Rajasthan, and Haryana, catering to industries such as semiconductors, pharmaceuticals, automotive, and electronics.

For the period ending September 30, 2024, the company reported a total revenue of ₹141.53 crore and a net profit of ₹16.57 crore. For FY24, its revenue stood at ₹236.23 crore with a profit of ₹14.79 crore.

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