Stallion India IPO: GMP, Date, Price, & All Details

Stallion India IPO - Complete Overview 

Stallion India IPO a Mainboard IPO is a book-built issue of Rs.199.45 Cr (2,21,61,396 Shares) by Stallion India Fluorochemicals Limited incorporated in 2002. The company is engaged in selling Refrigerant and Industrial Gases, and other related products. It is primarily into debulking, blending, and processing Refrigerants and Industrial Gases, and the sales of those in pre-filled cans and small Cylinders/ Containers.

The company has four plants in Panvel (Raigad, Maharashtra), Ghiloth (Alwar, Rajasthan), Khalapur (Raigad, Maharashtra), and Manesar (Gurugram, Haryana).

The company is in the field of manufacturing gases that are popularly classified as Fluorochemicals. They are majorly applied to the cooling industry. Stallion's products include gases used for various applications, including in firefighting, automotive, semiconductor manufacturing, pharmaceuticals, healthcare, spray foam, electronics, glass bottle production, and aerosol production industries. 

This new IPO is to be launched on 16 January 2025, and the initial public offering of this upcoming IPO will end on 20 January 2025.

 

Stallion IPO Details

This Rs.199.45 Crore Stallion India Fluorochemicals Limited IPO comprises a combination of a fresh issue of 1.79 Cr Shares (Rs.160.73 Cr) and an offer for sale (OFS) of 0.43 Cr Shares (Rs.38.72 Cr). The IPO listing date is on January 23, 2025. Stallion India IPO price is Rs.85 to Rs.90. 

If you want to apply for the IPO, Click Here to open a Demat Account.

Company Financial

(Amount in Crore)

 

Cash Flows

The cash flows for various activities are shown below:

(Amount in millions)

 

Product-wise Revenue Breakdown

(Amount in millions)

Revenue from Operations Breakdown

(Amount in millions)

 

Industry-wise Revenue Breakdown

(Source RHP)

 

The Objective of the Issue

• Financing the company's increased working capital needs.

• Financing the necessary capital expenditures for our debulking and mixing facilities for semiconductors and specialty gases ("Khalapur, Maharashtra").

• Financing the necessary capital expenditures for our refrigerant blending and debulking facilities in "Mambattu, Andhra Pradesh."

• General Corporate Purposes.

 

Peers of Stallion India Limited

 

Evaluation

The Stallion India Fluorochemicals IPO price is between Rs.85 to Rs.90 per Share.


Evaluation of P/E Ratio

Considering the FY ended 31 Mar 2024 with an EPS of Rs.2.54 from the last year, the resulting P/E ratio is 35.43x. 

Considering the weighted EPS of Rs.2.50 for the last three years, the P/E ratio is 36x.

Comparative Analysis with Listed Peers

The average P/E Ratio of the industry is 57.12x.

In simple words, the P/E ratio of this IPO (35.43x), compared with the industry’s average P/E of 57.12x, has an undervaluation (on a P/E ratio basis only). Hence the price of the Share seems fully priced for the investors when considered based on the average P/E ratio of the industry.

IPO's Strengths   

• Inbuilt brand recognition.

• Business model and operational risk mitigation strategies.

• Customer Base from fast-growing industries and sustain long-standing relationships with customers.

• Experienced promoter and key managerial personnel.

• Stable financial journey.

 

IPO’s Weaknesses 

• Operational risk.

• Uncertainty in the supply chain.

• Availability of raw materials.

• Market stress.

• Regulatory shifts.

• Competitive pressure

• Replacement of products

• Geopolitical hazards

 

Stallion India IPO GMP

Stallion India IPO GMP today is Rs.21 as of 14 January 2025. With Rs.90, the estimated Stallion India IPO listing price is Rs.111 while writing this information.

Stallion India Fluorochemicals Limited IPO Timetable (Tentative)

The Stallion IPO date is from 16 January to 20 January, with IPO allotment on 21 January, and refund initiation on Jan 22, 2025. The IPO listing date is on Jan 23, 2025.

 

IPO Other Details 

The IPO with a face value of Rs.10 per Share, offers an IPO size of 2,21,61,396 Shares (Rs.199.45 Cr) and it will be listed at BSE and NSE.

 

Stallion IPO Lot Size

The IPO allows retail investors to invest in a minimum and maximum of 1 Lot (165 Shares) amounting to Rs.14850 and 13 Lots (2145 Shares) amounting to Rs.1,93,050 respectively, while for HNI investors, the minimum Lot is 14 (2310 Shares) amounting to Rs.2,07,900.

IPO Reservation

Promoters and Management of Stallion India Ltd. 

• Shazad Sheriar Rustomji

• Manisha Shazad Rustomji

• Rohan Shazad Rustomji.
  
  

IPO Lead Managers

• Sarthi Capital Advisors Private Limited.
  
  

Dividend Policy

The company has not paid a dividend in the last three FYs.

 

Conclusion

The Stallion India Fluorochemicals IPO is an investment opportunity in the industrial and refrigerant gases sector. With a good established market standing, solid financials, and the stock being undervalued in comparison to its peers in the industry, this one seems some great growth opportunity. Nevertheless, investors should be cautious and keep an eye on supply chain threats and competition. Investors need to assess their respective risk appetites, and then decide whether or not to participate. 

 

Click Here To Stay Updated With The Upcoming IPOs.

 

Finowings IPO Analysis

Hope you enjoyed the Finowings IPO Analysis. We tried our best to give every required detail about the company that you should know before applying to the IPO. 

You must consult your financial advisor before making any financial decisions. 

To Apply for the IPO, Click Here.

To Read the Prospectus of the Company  Click Here to Download the DRHP.

DISCLAIMER: This is NOT any buy or sell recommendation. No investment or trading advice is given. The content is purely for educational and information purposes only. Always consult your eligible financial advisor for investment-related decisions. 

Click Here to stay updated with the Upcoming IPOs.

Want to start Your Journey in stock market trading and investment? Join our Stock Market Class to become a beginner to expert trader! We cover everything from the basics of trading to advanced strategies for picking stocks. Plus, we're offering a special discount for women and students. Don't miss out - enroll now and kickstart your path to success in the stock market!
Open a world of Stock Market by Opening a Demat Account with your favorite Broking firm & Get a trading Strategy worth Rs.15,000!

Click here to open a Free Demat Account.

Thank You for reading this blog.
Hope you loved the IPO analysis.
Please Comment Below with your feedback because Your feedback motivates us to deliver more such content.

Follow MUKUL AGRAWAL for the latest IPO news and reviews. You can connect with us on social media platforms like Twitter, Facebook, and Instagram. You can also subscribe to our YouTube Channel for the latest videos of the stock.