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Stallion India IPO

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BSE,NSE 16 January - 20 January 2025
Stallion India Fluorochemicals Limited IPO is a book build issue of 199.45 Cr. The issue is a combination of fresh issue of 17858740 shares aggregating to 160.73 Cr and offer for sale of 4302656 shares aggregating to 38.72 Cr. Stallion India Fluorochemicals Limited IPO opened for subscription on Jan 16, 2025 and closed on Jan 20, 2025. The allotment for the this IPO was finalized on Jan 21, 2025. IPO was listed on NSE and BSE on Jan 23, 2025. Stallion India Fluorochemicals Limited IPO is set issue price band at ₹85 to ₹90 per share.

Current GMP

₹35 (+38.89%)

Price Band

₹ 85 – 90

Lot Size

165

Issue Size

₹199.45 Cr

Minimum Investment

₹14850 (165 Shares)

Listing Date

23 January 2025

Subscription

188.37x

About the Company

Stallion India Fluorochemicals Limited, commonly known as Stallion, is a Mumbai-based company founded on September 5, 2002, by Shazad Sheriar Rustomji, who currently serves as the Chairman & Managing Director. The company specializes in the sale, processing, and distribution of refrigerant and industrial gases, including debulking, blending, and filling gases into small cylinders and containers.

Stallion operates four facilities across Maharashtra, Rajasthan, and Haryana, which are designed to store gases in a controlled environment, ensuring safety standards are met. The company’s products are used in a variety of industries, including air conditioning, refrigeration, fire fighting, semiconductor manufacturing, automobile manufacturing, pharmaceuticals, glass manufacturing, and more.

The company deals primarily in fluorochemicals, particularly gases such as Hydrocarbons (HC), Hydrofluorocarbons (HFCs), and Hydrofluoroolefins (HFOs). These gases are utilized for applications such as refrigeration, air conditioning, fire extinguishing, and in manufacturing processes for products like foam, aerosols, and glass.

Stallion’s experienced team, led by Rustomji, brings over 30 years of expertise in the fluorochemicals and specialty gases sector, contributing significantly to the company’s growth and reputation in the industry. The company is committed to providing customized solutions that improve operational efficiency and reduce environmental impact, while also enhancing productivity for its clients.

Promoters

  1. Shazad Sheriar Rustomji
  2. Manisha Shazad Rustomji
  3. Rohan Shazad Rustomji
Promoters Holding

Holding Pre Issue

94.63%

Holding Post Issue

67.90%

Objects of the Issue

The net proceeds of the Fresh Issue:

  1. Funding incremental working capital requirements of the Company.
  2. Funding capital expenditure requirements for our Semi-conductor & Specialty Gas debulking & blending facility (“Khalapur, Maharashtra”).
  3. Funding capital expenditure requirements for our Refrigerant debulking & blending facility (“Mambattu, Andhra Pradesh”).
  4. General Corporate Purposes.

Address / Contact Info

Stallion India Fluorochemicals Limited
2, A Wing, Knox Plaza,
Off. Link Road, Mindspace,
Malad - (West), Mumbai - 400064

Phone: 022-43510000
Email: compliance@stallion.in
Website: https://stallionfluorochemicals.com

IPO Snapshot

Face Value₹10 per share
Price Band₹ 85 – 90
Lot Size165
Issue TypeBook-building IPO
Sale Type
Fresh Issue₹ 160.73 Cr
Offer for Sale₹ 38.72 Cr
Total Issue Size₹ 199.45 Cr
Listing AtBSE,NSE
Industry
Sector
QIB Quota20%
BNII Quota10%
SNII Quota5%
Retail Quota35%

Disclaimer: This data is for informational purposes only and does not constitute investment advice. Figures shown are illustrative sample data.

Frequently Asked Questions

Everything you need to know before applying to an IPO.

Stallion India IPO is a Book-building IPO worth ₹199.45 crores. The price band is ₹85 to 90 per share. The IPO opens on Thu, Jan 16, 2025 and closes on Mon, Jan 20, 2025. It will be listed on BSE and NSE. Bigshare Services Pvt Ltd is the registrar.

The Stallion India IPO opens on Thu, Jan 16, 2025 and closes on Mon, Jan 20, 2025

Stallion India IPO Price Band is ₹85 to 90.

Stallion India IPO lot size is 165, and the minimum amount required for application is ₹14850.

The minimum investment for Stallion India IPO is approximately ₹14850 based on the upper price band.

To apply for the Stallion India IPO, investors can use the ASBA (Application Supported by Blocked Amount) process via their bank's net banking or apply through UPI using a registered broker or trading app. The IPO is available in retail, HNI, and institutional investor categories. Investors must select the lot size, enter bid details within the price band, and submit their application before the IPO closing date of Mon, Jan 20, 2025. After submission, funds are blocked until the basis of allotment of Stallion India IPO is finalised.

Stallion India IPO issue size is ₹199.45 crores.

Stallion India IPO allotment date is Sat, Jun 27, 2026.

The registrar for Stallion India IPO is Bigshare Services Pvt Ltd. Investors can go to Bigshare Services Pvt Ltd website for IPO allotment status, refund processing, and other queries related to Stallion India IPO through their official website or helpline.

The Stallion India IPO GMP (Grey Market Premium) is ₹35 as of Thu, Jan 23, 2025. Based on the upper price band of ₹90 per share, the estimated Stallion India IPO listing price is ₹125, indicating a potential listing gain of approximately 31% over the issue price.