Stallion India IPO
Live Updates, GMP, Subscription Data, and Financial Details
IPO Overview
Listed
Dates
Jan 16 to Jan 20 2025
Price Band
₹85 - 90
Current GMP
₹120(33.33%)
Subscription
188.29 times
IPO Details
| IPO Date | January 16, 2025 to January 20, 2025 |
| Listing Date | Thursday, January 23, 2025 |
| Face Value | ₹10 per share |
| Price Band | ₹85 to ₹90 per share |
| Lot Size | 165 Shares |
| Total Issue Size | 2,21,61,396 shares (aggregating up to ₹199.45 Cr) |
| Fresh Issue | 1,78,58,740 shares (aggregating up to ₹ 160.73 Cr) |
| Offer for Sale | 43,02,656 shares of ₹10 (aggregating up to ₹38.72 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE, NSE |
| Share Holding Pre Issue | 6,14,66,514 shares |
| Share Holding Post Issue | 7,93,25,254 shares |
IPO Date
January 16, 2025 to January 20, 2025
Listing Date
Thursday, January 23, 2025
Face Value
₹10 per share
Price Band
₹85 to ₹90 per share
Lot Size
165 Shares
Total Issue Size
2,21,61,396 shares (aggregating up to ₹199.45 Cr)
Fresh Issue
1,78,58,740 shares (aggregating up to ₹ 160.73 Cr)
Offer for Sale
43,02,656 shares of ₹10 (aggregating up to ₹38.72 Cr)
Issue Type
Book Built Issue IPO
Listing At
BSE, NSE
Share Holding Pre Issue
6,14,66,514 shares
Share Holding Post Issue
7,93,25,254 shares
IPO Subscription Details
| Anchor Investors | 1 |
| Qualified Institutions | 172.93 |
| Non-Institutional Buyers | 422.33 |
| bNII (bids above ₹10L) | 472.89 |
| sNII (bids below ₹10L) | 321.21 |
| Retail Investors | 96.76 |
| Total ** | 188.29 |
Anchor Investors
1
Qualified Institutions
172.93
Non-Institutional Buyers
422.33
bNII (bids above ₹10L)
472.89
sNII (bids below ₹10L)
321.21
Retail Investors
96.76
Total **
188.29
Day Wise Sub
| Day | QIB | NII | NII (> ₹10L) | NII (< ₹10L) | Retail | Total |
|---|---|---|---|---|---|---|
| Day 1 Jan 16, 2025 | 0.04 | 10.42 | 7.91 | 15.43 | 9.83 | 7.16 |
| Day 2 Jan 17, 2025 | 0.31 | 77.16 | 77.39 | 76.68 | 31.22 | 32.23 |
| Day 3 Jan 20, 2025 | 172.93 | 422.33 | 472.89 | 321.21 | 96.76 | 188.29 |
DayDay 1
Jan 16, 2025
QIB0.04
NII10.42
NII (> ₹10L)7.91
NII (< ₹10L)15.43
Retail9.83
Total7.16
DayDay 2
Jan 17, 2025
QIB0.31
NII77.16
NII (> ₹10L)77.39
NII (< ₹10L)76.68
Retail31.22
Total32.23
DayDay 3
Jan 20, 2025
QIB172.93
NII422.33
NII (> ₹10L)472.89
NII (< ₹10L)321.21
Retail96.76
Total188.29
Day Wise GMP
| Date | Price | GMP | Estimate List Price |
|---|---|---|---|
| 23-01-2025 | 90.00 | 35(38.89%) | 125 |
| 22-01-2025 | 90.00 | 35(38.89%) | 125 |
| 21-01-2025 | 90.00 | 41(45.56%) | 131 |
| 20-01-2025 | 90.00 | 48(53.33%) | 138 |
| 19-01-2025 | 90.00 | 43(47.78%) | 133 |
| 18-01-2025 | 90.00 | 43(47.78%) | 133 |
| 17-01-2025 | 90.00 | 40(44.44%) | 130 |
| 16-01-2025 | 90.00 | 38(42.22%) | 128 |
| 15-01-2025 | 90.00 | 48(53.33%) | 138 |
| 14-01-2025 | 90.00 | 21(23.33%) | 111 |
Date23-01-2025
Price90.00
GMP35(38.89%)
Estimate List Price125
Date22-01-2025
Price90.00
GMP35(38.89%)
Estimate List Price125
Date21-01-2025
Price90.00
GMP41(45.56%)
Estimate List Price131
Date20-01-2025
Price90.00
GMP48(53.33%)
Estimate List Price138
Date19-01-2025
Price90.00
GMP43(47.78%)
Estimate List Price133
Date18-01-2025
Price90.00
GMP43(47.78%)
Estimate List Price133
Date17-01-2025
Price90.00
GMP40(44.44%)
Estimate List Price130
Date16-01-2025
Price90.00
GMP38(42.22%)
Estimate List Price128
Date15-01-2025
Price90.00
GMP48(53.33%)
Estimate List Price138
Date14-01-2025
Price90.00
GMP21(23.33%)
Estimate List Price111
IPO Important Dates
| IPO Open Date | Thursday, January 16, 2025 |
| IPO Close Date | Monday, January 20, 2025 |
| Basis of Allotment | Tuesday, January 21, 2025 |
| Initiation of Refunds | Wednesday, January 22, 2025 |
| Credit of Shares to Demat | Wednesday, January 22, 2025 |
| Listing Date | Thursday, January 23, 2025 |
| Cut-off time for UPI mandate confirmation | 5 PM on January 20, 2025 |
IPO Open Date
Thursday, January 16, 2025
IPO Close Date
Monday, January 20, 2025
Basis of Allotment
Tuesday, January 21, 2025
Initiation of Refunds
Wednesday, January 22, 2025
Credit of Shares to Demat
Wednesday, January 22, 2025
Listing Date
Thursday, January 23, 2025
Cut-off time for UPI mandate confirmation
5 PM on January 20, 2025
IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 165 | ₹14,850 |
| Retail (Max) | 13 | 2145 | ₹1,93,050 |
| S-HNI (Min) | 14 | 2,310 | ₹2,07,900 |
| S-HNI (Max) | 67 | 11,055 | ₹9,94,950 |
| B-HNI (Min) | 68 | 11,220 | ₹10,09,800 |
ApplicationRetail (Min)
Lots1
Shares165
Amount₹14,850
ApplicationRetail (Max)
Lots13
Shares2145
Amount₹1,93,050
ApplicationS-HNI (Min)
Lots14
Shares2,310
Amount₹2,07,900
ApplicationS-HNI (Max)
Lots67
Shares11,055
Amount₹9,94,950
ApplicationB-HNI (Min)
Lots68
Shares11,220
Amount₹10,09,800
Financial Information
| Period Ended | 30 Sep 2024 | 31 Mar 2024 | 31 Mar 2023 |
|---|---|---|---|
| Period Ended | 30 Sep 2024 | 31 Mar 2024 | 31 Mar 2023 |
| Assets | 235.69 | 203.14 | 126.18 |
| Revenue | 141.53 | 236.23 | 226.06 |
| Profit After Tax | 16.57 | 14.79 | 9.75 |
| Net Worth | 134.53 | 117.96 | 70.7 |
| Total Borrowing | 81.05 | 65.35 | 18.27 |
Period EndedPeriod Ended
30 Sep 202430 Sep 2024
31 Mar 202431 Mar 2024
31 Mar 202331 Mar 2023
Period EndedAssets
30 Sep 2024235.69
31 Mar 2024203.14
31 Mar 2023126.18
Period EndedRevenue
30 Sep 2024141.53
31 Mar 2024236.23
31 Mar 2023226.06
Period EndedProfit After Tax
30 Sep 202416.57
31 Mar 202414.79
31 Mar 20239.75
Period EndedNet Worth
30 Sep 2024134.53
31 Mar 2024117.96
31 Mar 202370.7
Period EndedTotal Borrowing
30 Sep 202481.05
31 Mar 202465.35
31 Mar 202318.27
IPO Reservation
| Investor Category | Shares Offered | Maximum Allottees |
|---|---|---|
| Anchor Investor Shares Offered | 66,48,418 (30%) | NA |
| QIB Shares Offered | 44,32,279 (20%) | NA |
| NII (HNI) Shares Offered | 33,24,210 (15%) | |
| bNII > ₹10L | 22,16,140 (10%) | 959 |
| sNII < ₹10L | 11,08,070 (5%) | 479 |
| Retail Shares Offered | 77,56,489 (35%) | 47,009 |
| Total Shares Offered | 2,21,61,396 (100%) |
Investor CategoryAnchor Investor Shares Offered
Shares Offered66,48,418 (30%)
Maximum AllotteesNA
Investor CategoryQIB Shares Offered
Shares Offered44,32,279 (20%)
Maximum AllotteesNA
Investor CategoryNII (HNI) Shares Offered
Shares Offered33,24,210 (15%)
Maximum Allottees
Investor CategorybNII > ₹10L
Shares Offered22,16,140 (10%)
Maximum Allottees959
Investor CategorysNII < ₹10L
Shares Offered11,08,070 (5%)
Maximum Allottees479
Investor CategoryRetail Shares Offered
Shares Offered77,56,489 (35%)
Maximum Allottees47,009
Investor CategoryTotal Shares Offered
Shares Offered2,21,61,396 (100%)
Maximum Allottees
Information about company
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
Objectives of IPO
The net proceeds of the Fresh Issue:
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.
Disclaimer
All matter published here is purely for educational and information purposes only and under no circumstances should be used for making investment decisions.
We are not a SEBI Registered analyst. Readers must consult a qualified financial advisor prior to making any actual investment decisions, based on Information published on this application.
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