Stallion India Fluorochemicals Limited - IPO
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Stallion India Fluorochemicals IPO Details
Stallion India Fluorochemicals IPO Subscription
Stallion India Fluorochemicals IPO Application Wise Breakup (Approx)
Stallion India Fluorochemicals IPO Dates
- 16 Jan 2025Opening dateOPD
- 20 Jan 2025Closing dateCOD
- 21 Jan 2025Basis of AllotmentBOA
- 22 Jan 2025Initiation of RefundsIOR
- 22 Jan 2025Credit of SharesCOS
- 23 Jan 2025Listing dateLID
Stallion India Fluorochemicals IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retain Minimum | 1 | 165 | ₹14,850 |
| Retain Maximum | 13 | 2145 | ₹193,050 |
| SHNI Minimum | 14 | 2310 | ₹207,900 |
| SHNI Maximum | 67 | 11055 | ₹994,950 |
| BHNI Minimum | 68 | 11220 | ₹1,009,800 |
Stallion India Fluorochemicals IPO Reservation
Promoter Holding
Stallion India Fluorochemicals IPO Valuations
Stallion India Fluorochemicals Limited Financial Information
| Period Ended | 30 Sep 2024 | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 | ||||||||||||||||||||||||||||||||||||
| Assets | 235.69 | 203.14 | 126.18 | 98.01 | ||||||||||||||||||||||||||||||||||||
| Revenue | 141.53 | 236.23 | 226.06 | 186.34 | ||||||||||||||||||||||||||||||||||||
| Profit After Tax | 16.57 | 14.79 | 9.75 | 21.11 | ||||||||||||||||||||||||||||||||||||
| Net Worth | 134.53 | 117.96 | 70.7 | 60.94 | ||||||||||||||||||||||||||||||||||||
| Total Borrowing | 81.05 | 65.35 | 18.27 | 1.97 | ||||||||||||||||||||||||||||||||||||
| Amount in ₹ Crore | ||||||||||||||||||||||||||||||||||||||||
About Stallion India Fluorochemicals IPO
Incorporated in 2002, Stallion India Fluorochemicals Limited is engaged in the business of selling Refrigerant and Industrial Gases and related products. The company's primary business includes debulking, blending and processing Refrigerant and Industrial gases, and selling of pre-filled cans and small Cylinders/ Containers.
The company has four Plants in Khalapur, Raigad (Maharashtra), Ghiloth, Alwar (Rajasthan), Manesar, Gurugram (Haryana) and Panvel, Raigad (Maharashtra).
Stallion India Fluorochemicals Limited (Stallion) deals in gases that are broadly classified as Fluorochemicals. They are majorly used as refrigerants. Stallion's products such as gases are used in various industries, including semiconductor manufacturing, automotive, electronics, pharmaceuticals, healthcare, fire extinguishers, spray foam, glass bottle making, and aerosol production.
Competitive Strengths:
- Strong Market recognition
- Business model and ability to mitigate operational risk
- Customer base across high growth industries and long-standing relationships with customers
- Experienced Promoter and Key Managerial Personnel
- Track record of consistent financial performance
- Plants
Strength Of Stallion India Fluorochemicals IPO
1. Operating and financial performance and growth.
2. Customer base across high growth industries and long-standing relationships with customers.
3. Blending facilities in different states, value and supply chain efficiencies.
4. Professional management and experienced leadership of our Promoter i.e. Shazad Sheriar Rustomji.
Risk Of Stallion India Fluorochemicals IPO
1. Our revenue from operations depends on sale of Refrigerant Gases and is restricted to certain geographies only. Any changes or a decline in demand, could adversely affect our ability to grow or maintain our sales, earnings and cash flow.
2. Increases in the cost of raw materials as a percentage of our revenue from operations could have a material adverse effect on our results of operations and financial condition.
3. We import our raw materials with respect to our business operations majorly from China. Any restrictions on import of raw materials may impact our business and results of operations.
4. We are subject to risks arising from foreign exchange rate movements.
5. Zhejiang Sanmei Chemical Industry Co. Ltd. (Sanmei) have issued a notice through its Legal representative demanding USD 12,51,290.00 i.e Rs. 949.85 lakhs. In the event that, if any legal or regulatory proceedings are initiated, any adverse outcome arising therefrom could affect our reputation, financial condition and cash flow.
6. In the past our Company had negative cash flows from our operating activities, investing activities as well as financing activities, further, we may experience negative cash flows in the future.
7. The supply of our products is subject to periodical fluctuations with a significant portion of our turnover concentrated in the months from February to May.
8. We do not have agreements having commitment on part of our customers to purchase or place orders with us. If our customers choose not to source their requirements from us, there may be a material adverse effect on our business, financial condition, cash flows and results of operations.
9. We may experience loss of, or a decrease in, revenue due to lower blending/processing levels.
10. We have submitted an application to the Expert Advisory Committee ("EAC") of the Institute of Chartered Accountants of India ("ICAI") for their opinion on the accounting treatment related to the "Sanmei". The decision is currently pending. Any adverse opinion given by the EAC could adversely impact the financial position and reputation of the Company.
Objectives Stallion India Fluorochemicals IPO
- Funding incremental working capital requirements of the Company.
- Funding capital expenditure requirements for our Semi-conductor & Specialty Gas debulking & blending facility (“Khalapur, Maharashtra”).
- Funding capital expenditure requirements for our Refrigerant debulking & blending facility (“Mambattu, Andhra Pradesh”).
- General Corporate Purposes.
Company Contact Details
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/
Registrar Contact Details
Lead Mangers
Sarthi Capital Advisors Private Limited