Stallion India Fluorochemicals Limited is coming up with an IPO consisting of a fresh issue of 1.79 crore shares worth INR 160.73 crores and an offer to sell 0.43 crore existing shares worth INR 38.72 crores. The company aims to fund working capital, expand facilities, and address general corporate purposes. 

Stallion India IPO – Important Dates 

Stallion India Fluorochemicals Limited IPO – Company Profile 

Stallion India Fluorochemicals Limited specialises in refrigerant and industrial gases, offering debulking, blending, and processing services. Operating four facilities, its products cater to diverse industries, including air conditioning, pharmaceuticals, semiconductors, and firefighting. 

They specialise in fluorochemical gases, primarily used as refrigerants, categorised into Hydrocarbons (HC), Hydrofluorocarbons (HFCs), and Hydrofluoroolefins (HFOs), catering to diverse industrial applications with a focus on sustainability and efficiency. 

They deliver customised gas and engineering solutions, enhancing operational efficiency and productivity while prioritising environmental sustainability. Their expertise supports businesses in optimising processes, reducing energy costs, and achieving smoother, more effective operations. 

Stallion India Fluorochemicals Ltd IPO Fundamental Analysis 

Stallion India Fluorochemicals Limited’s financial analysis reveals a mixed performance. Revenue has consistently grown, profitability and EPS improved, while RoNW decreased slightly. Assets and liquidity strengthened, reflecting potential business growth with short-term obligation challenges. 

• Revenue Trend: The revenue increased from ₹22,550.44 lakhs in March 2023 to ₹23,323.58 lakhs in March 2024. The revenue for the current year’s 6-month period ending September 2024 is INR 23,323.58 lakh. 
• Equity and Liabilities: Both equities and liabilities have shown a consistent increase over the periods, reflecting potential growth and expansion. 
• Profitability: The profit after tax (PAT) has significantly increased from ₹975.30 lakh in March 2023 to ₹1,656.51 lakh by September 2024. This improvement in profitability could be a source of confidence among investors. 
• Earnings per Share (EPS): The diluted EPS has risen from ₹1.77 in March 2023 to ₹2.69 by September 2024, reflecting higher earnings per share for investors. 
• Return on Net Worth (RoNW): The RoNW has decreased from 13.79% to 12.31%, indicating a decrease in the company’s ability to generate returns on shareholder equity. 
• Financial Position: Total assets have increased, suggesting potential business growth. However, the current ratio has increased, indicating strengthening liquidity and potential challenges in meeting short-term obligations. 

Stallion India IPO Financial Analysis 

Stallion India Fluorochemicals Limited IPO Peer Comparison 

Stallion India Fluorochemicals competes with Navin Fluorine, SRF, and Gujarat Fluorochemicals, showcasing diverse market capitalisations, profitability ratios, and performance metrics, underscoring varied scales and financial strengths within the fluorochemicals industry. 

Stallion India Fluorochemicals Ltd IPO Objective 

The main objective of Stallion India Fluorochemicals Limited is to fund incremental working capital needs and capital expenditure for semiconductor, speciality gas, and refrigerant debulking and blending facilities in Maharashtra and Andhra Pradesh. 

1. Working Capital Requirement: The company intends to utilise INR 95 crores from fresh issue proceeds and internal accruals to meet working capital needs, supporting growth from expanded operations in Khalapur and Mambattu and leveraging industry opportunities. 

2. Funding capital expenditure requirements for their Semiconductor & Specialty Gas debulking & blending facility (“Khalapur, Maharashtra”): The company plans to utilise INR 29.16 crores from the Fresh Issue proceeds to set up a dedicated Semiconductor and Specialty Gas debulking and blending facility in Khalapur, Maharashtra, with an expected capacity of 1,200 MT per annum. 

3. Funding capital expenditure requirements for their Refrigerant debulking & blending facility (“Mambattu, Andhra Pradesh”): The company aims to utilise INR 21.18 crores from the Fresh Issue proceeds to establish a Refrigerant debulking and blending facility in Mambattu, Andhra Pradesh, with an annual capacity of 7,200 MT, expected to start by November 2025. 

4. General Corporate Purpose: The company will deploy funds for general corporate purposes, including strategic initiatives, supply chain improvements, branding, marketing, rental and administrative expenses, meeting exigencies and other operational costs. 

Stallion India IPO Risks And Challenges 

Stallion India Fluorochemicals Limited’s risk includes dependence on Refrigerant Gases for revenue, fluctuating raw material prices, reliance on Chinese imports, lack of long-term contracts, and potential regional economic changes impacting margins, costs, and financial performance. 

• Much revenue is derived from refrigerant gases and significant states like Maharashtra and Delhi. Adverse changes in demand and economic, social, or political conditions in these regions could materially impact financial performance. 

• The company’s most significant expense is raw material costs, primarily refrigerant gases. Without long-term supply contracts, raw material prices fluctuate, with top suppliers accounting for substantial purchases, impacting costs and profitability. 

• Raw material purchases are predominantly imported from China, with price fluctuations due to global demand, duties, and anti-dumping actions. Any inability to offset cost increases could negatively impact margins, operations, and financial performance. 

Stallion India Fluorochemicals Ltd IPO – Industry & Market Potential 

The fluorochemicals and speciality gases market is projected to grow at a 9-11% CAGR from 2024 to 2029, driven by population growth, urbanisation, and increasing demand in automotive applications due to a more extensive global vehicle base. 

The Indian Fluorochemicals and Specialty Gases market is expected to grow at a 16-18% CAGR from 2024 to 2029, driven by demand from electronics, healthcare, manufacturing, and infrastructure sectors, fueled by technological advancements and government initiatives. 

The Indian chemical industry is set for steady growth, with Rs. 8 lakh crore investment by 2025. Increasing demand from sectors like pharma, automotive, spec speciality chemicals, and R&D investments will drive fluorochemicals and speciality growth. 

Stallion India Fluorochemicals Limited IPO – Type of Offer 

Stallion India Fluorochemicals Limited plans a fresh issue of 1.79 crore shares, seeking INR 160.73 crores to expand, fund working capital, invest in subsidiaries, and address borrowings. Additionally, the company proposes an offer to sell 0.43 existing shares worth INR 38.72 crores. 

1. Fresh Issue: The company will issue 1.79 crore new shares to raise capital, aiming to collect INR 160.73 crores. The company intends to utilise the proceeds from the fresh issue to expand, fund working capital, invest in subsidiaries, and address borrowings.
2. Offer for sale: Stallion India Fluorochemicals Limited is offering to sell 0.43 crore existing shares worth INR 38.72 crores. The following are the details of the existing shareholders who are also the promoters selling the shares:

Stallion India IPO Offer Size 

The offer size of Stallion India Fluorochemicals Limited is INR 199.45 crores, consisting of a fresh issue of 1.79 crore shares worth INR 160.73 crores and an offer to sell 0.43 crore existing shares worth INR 38.72 crores. The company aims to fund working capital, expand facilities, and address general corporate purposes. 

Stallion India Fluorochemicals Limited IPO Allotment Structure 

Stallion India Fluorochemicals Limited’s allocation will be as follows: 50% for Qualified Institutional Buyers (QIB), 15% for Non-Institutional Investors (NII), and 35% for Retail Individual Investors (RII) according to SEBI regulations. 

● Qualified Institutional Buyers (QIB): As per SEBI regulations, 50% of the shares offered through the IPO will be reserved for Qualified Institutional Buyers. These include entities such as banks, mutual funds, and insurance companies.

● Non-Institutional Investors (NII): 15% of the shares will be reserved for Non-Institutional Investors. These typically include corporate bodies or individuals investing more than Rs.2 lakhs.

● Retail Individual Investors (RII): The remaining 35% of the shares will be allotted to Retail Individual Investors. These individual investors apply for shares with a total value of less than Rs.2 lakhs. 

Read more about Stallion India Fluorochemicals IPO Allotment Status

How to apply for the Stallion India Fluorochemicals IPO?

To apply for the Stallion India Fluorochemicals Limited IPO through Alice Blue, follow these steps:

Open a Demat and Trading Account: If you don’t have one already, you must open a Demat and trading account with Alice Blue.

1. Check for IPO Details: Once your account is active, you can check for the Stallion India Fluorochemicals Limited IPO details in the IPO section of the Alice Blue platform.
2. Place the Bid: Enter the number of shares you wish to buy and place your bid within the IPO’s price band.
3. Submit the Application: Confirm all your details and submit your application.

 You can apply for the Stallion India Fluorochemicals Limited IPO at Alice Blue in just a few clicks!

Check Allotment Status: After the allotment process, you can check the allotment status to see if you have received any shares.

Please note that the allotment of shares is not guaranteed and will depend on the demand for the IPO.

How do you check Stallion India Fluorochemicals IPO Allotment Status?

Checking the allotment status of an IPO in Alice Blue is usually straightforward. Please follow these general steps:

1. Log in to your Alice Blue Account: You can do this through the Alice Blue website or the trading app.
2. Navigate to the Portfolio or IPO Section: This might differ based on the layout of Alice Blue’s platform, but generally, you can find the status of your IPO application under the ‘Portfolio’ or ‘IPO’ section.
3. Find the IPO Allotment Status: Look for a sub-section called ‘IPO Allotment Status’ or something similar. This is where you can see the status of the IPOs you have applied for.
4. Select the Stallion India Fluorochemicals Limited IPO: If you have applied for multiple IPOs, there might be a dropdown menu or a list where you can select the IPO you are interested in. Select the Stallion India Fluorochemicals Limited IPO.
5. Check the Status: The status of your application should be displayed here. If the shares have been allocated to you, it would be mentioned here.

 If you face any issues, we request you to reach out to our customer support team at Alice Blue for detailed assistance. 

 Apart from Alice Blue, there are other ways to check the allotment status of the Stallion India Fluorochemicals Limited IPO:

● Registrar’s Website: Visit the website of Bigshare Services Private Limited, the registrar of the Stallion India Fluorochemicals Limited IPO. On the homepage, look for the ‘IPO Allotment Status’ option. You must enter your PAN, application, or Demat account number to check your allotment status. Click on the ‘Submit’ button to view your IPO allotment status. 

● BSE NSE: You can also check the allotment status on the official websites of the Bombay Stock Exchange (BSE) National Stock Exchange (NSE). You would need your application number and PAN to check the status. 

Please note that the allotment status will only be available after completing the allotment process, a few days after the IPO window closes.

Stallion India Fluorochemicals Ltd IPO Offer Registrar

The registrar for the Stallion India Fluorochemicals Limited IPO is Bigshare Services Private Limited. They are responsible for ensuring the IPO allotment and refund processes are carried out smoothly.

Contact information for the registrar: 

Bigshare Services Private Limited

Office No S6-2, 6th Floor, 

Pinnacle Business Park, Next to Ahura Centre,

Mahakali Caves Road, Andheri (East), 

Mumbai – 400093

Tel. No.: +91 22 6263 8200; 

Email: [email protected]

Website:www.bigshareonline.com 

Stallion India IPO – FAQs