About Stallion India Fluorochemicals
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
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IPO schedule
| Issue open date | 2025-01-16 |
|---|---|
| Issue close date | 2025-01-20 |
| UPI mandate deadline | 2025-01-20 (5 PM) |
| Allotment finalization | 2025-01-21 |
| Refund initiation | 2025-01-22 |
| Share credit | 2025-01-22 |
| Listing date | 2025-01-23 |
| Mandate end date | 2025-02-04 |
| Lock-in end date for anchor investors (50%) | 2025-02-20 |
| Lock-in end date for anchor investors (remaining) | 2025-04-21 |