Stallion India Fluorochemicals was established in 2002 and specializes in fluorochemical gases and focuses on environmentally sustainable products. It also operates in industries such as air conditioners, fire fighting, semiconductor manufacturing, automobile manufacturing, pharma and medicals, glass bottle manufacturing, aerosols, and spray foam. The company is focused on expanding its product portfolio, including adding new products in the refrigerant and gas sectors.
Issue size
Funds Raised in the IPO
Amount
Overall
₹199.45 crores
Fresh Issue
₹160.73 crores
Offer for Sale
₹38.72 crores
Utilisation of proceeds
Purpose
INR crores (%)
Working capital requirements
95 (59.10%)
Capital expenditure
50.34 (31.32%)
General corporate purposes and others
15.39 (9.58%)
Financials
Financial year ended
March 2022
March 2023
March 2024
September 2024
Assets
98.01
126.18
203.14
235.69
Revenue
186.34
226.06
236.23
141.53
Profit After Tax
21.11
9.75
14.79
16.57
Strengths
Expertise in fluorochemicals and specialty gases, with strong knowledge in the chemical domain.
High entry barriers due to the specialized technology and infrastructure needed, limiting new competitors.
Compliance with strict safety and environmental regulations ensures responsible business operations.
The company operates 4 plants, which have been selected to optimize logistical efficiency and seamless production processes.
Strong market recognition due to its long-standing experience and reputation in the refrigerant gases industry.
Risks
The revenue from operations depends significantly on one product.
Revenue is also dependent on seasonal changes. A significant portion of their turnover is concentrated in February to May.
The company does not have long-term agreements with its customers.
Advanced technologies used in production and purification processes carry technological risks, which may lead to operational disruptions and safety issues.
Regulatory compliance risks, where failure to meet stringent environmental and safety standards could lead to operational and reputational damage
Allotment Status for Stallion India Fluorochemicals
With exposure to industries such as semiconductors, pharmaceuticals, automobiles, and HVAC, how should investors evaluate the impact of sector diversification on Stallion India’s future performance?