Stallion India Fluorochemicals IPO opens on January 16, price band set at Rs 85-90
Stallion India Fluorochemicals Limited will launch its initial public offering (IPO) on January 16, 2025. The issue price band is set at Rs 85-90 per share of face value of Rs 10. The IPO will close in January. 20, 2025. Bidding for anchor investors will take place the day before the opening, January 15, 2025.
The Rs 199.45 crore IPO includes a fresh issue of Rs 160.73 crore and an offer for sale (OFS) of 43,02,656 equity shares of the promoter group.
Allotment and lot size
The IPO has a minimum lot size of 165 shares and in multiples of 165 shares thereafter. The company reserves no more than 50 percent of the issue to qualified institutional buyers (QIBs), at least 15 percent to non-institutional investors (NIIs), and 35 percent to retail investors.
Important dates and listings
The allotment basis of the share will be completed on January 24, 2025, and the refund will begin on January 25, 2025. The shares will be deposited in the demat accounts of the successful allottees on that date. The IPO is expected to be listed on BSE and NSE on January 29, 2025.
Business and financial activities
Stallion India Fluorochemicals is involved in the distribution of refrigerants, industrial gases, and related products. Its operations span the manufacturing, assembly, and marketing of pre-filled cans, serving industries such as air conditioning, fire extinguishers, automotive manufacturing, semiconductors, and healthcare. The company operates from four centers across India.
For the fiscal year 2024, Stallion India reported revenue of Rs 233.23 crore, EBITDA of Rs 26.70 crore, and profit after tax (PAT) of Rs 14.78 crore. In the first half of FY25, the company posted revenue of Rs 140.73 crore, EBITDA of Rs 25.53 crore, and PAT of Rs 16.56 crore.
Use of profit
The funds raised will be allocated for capital expenditure on semiconductor and refrigerant gas facilities in Khalapur, Maharashtra, and Mambattu, Andhra Pradesh. The company also plans to use the proceeds for increased working capital needs and general business purposes.
The lead book-running manager of the IPO is Sarthi Capital Advisors Private Ltd, while Bigshare Services Private Ltd is the underwriter.
