Stallion India IPO
IPO Details Status: Closed
Docs DRHP Subscription : 157X
Bidding Dates 16 Jan '25 - 20Jan '25 | Minimum Investment ₹14,850 / 1 Lot (165Shares) | Price Range ₹85- ₹90 |
Listing Gain ₹36____40% | Fresh Issue Offer for Sale 160.73 Cr 38.72 Cr | Issue Size ₹199.45 Cr |
Face Value ₹ 10 | GMP 133_48% | Listing AT NSE,BSE |
IPO Timeline
IPO Opening Date Jan 16, 2025 | IPO Closing Date Jan 20, 2025 | Basis of Allotment Jan 21, 2025 | Initiation of Refunds Jan 22, 2025 | IPO Listing Date Jan 23, 2025 |
Stallion India IPO Subscription Details
Date | QIB | NII | Retail | Total |
16-01-2025 | 0.04 | 10.42 | 9.83 | 7.16 |
17-01-2025 | 0.22 | 61.11 | 27.87 | 27.09 |
| 20-01-2025 | 108.59 | 387.06 | 86.08 | 157.01 |
Stallion India IPO Reservation
Investor Category | Shares Offered |
QIB Shares | 20% |
Retail Shares | 35% |
NII (HNI) Shares | 15% |
Anchor Investor Shares | 30% |
Stallion India IPO Financial Information
Period Ended | 30-09-2024 | 31-03-2024 | 31-03-2023 | 31-03-2022 |
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 |
About Stallion India IPO
Established in 2002, Stallion India Fluorochemicals is a prominent supplier of industrial gases, refrigerants, and associated goods. The company specializes in supplying pre-filled cans and small cylinders/containers, as well as debulking, blending, and processing industrial gases and refrigerants.
A wide range of sectors employ the company's goods, including the fabrication of glass bottles, aerosols, spray foam, semiconductors, automobiles, firefighting, air conditioning, and refrigeration.
Stallion India has four strategically placed production facilities: one each in Haryana, Rajasthan, and Maharashtra. The controlled settings in these facilities provide the greatest safety requirements for filling, blending, and storing petrol.
IPO Objectives
The following uses are planned for the net proceeds from the issuance by the company:
In order to facilitate operations and foster expansion, funds will be distributed to satisfy the company's increasing working capital needs.
The development of the semiconductor and specialty gas debulking and blending facilities in Khalapur, Maharashtra, would be the focus of capital expenditures in order to increase production capacity and efficiency.
The establishment of a refrigerant debulking and blending facility in Mambattu, Andhra Pradesh, would be funded in order to meet the growing demand in the refrigerant industry.
The remainder of the proceeds will be used for company objectives in general.
Stallion India IPO Advantages and Possibilities
With more than two decades of experience, Stallion has established a solid reputation in the refrigerant gases sector thanks to its quality, innovation, dependability, and client loyalty.
By catering to a variety of industries, such as air conditioning, firefighting, semiconductors, cars, medicines, glass manufacture, and aerosols, Stallion lessens its dependence on a single market and improves its flexibility to adjust to shifting economic conditions.
With the top 10 customers accounting for 77.32% (as of September 2024) of revenue, the company's long-standing customer relationships fuel growth and repeat business.
Operating four plants in Khalapur, Panvel (Maharashtra), Ghiloth (Rajasthan), and Manesar (Haryana), they improve supply chain efficiency, optimize logistics, and guarantee controlled gas storage.
Under the direction of a highly skilled management group with knowledge in gases, fluorochemicals, finance, law, and business development for strategic growth and governance.
Stallion India IPO : Risks
Sales of refrigerant gas in certain areas, such as Delhi and Maharashtra, are what drives the company's income, and any drop in demand could have an effect on cash flow, growth, sales, and earnings.
Due to the absence of long-term supply contracts, the company's financial performance may suffer from increases in the cost of raw materials, which made up 65.99% of its purchases in FY24.
Since Stallion imports the majority of its raw materials from China, any limits on imports may have an effect on company operations and outcomes.
Potential legal action could have an effect on the company's operations, reputation, and financial situation since it is involved in a dispute with Zhejiang Sanmei Chemical regarding contractual responsibilities and payments.
The company is heavily reliant on seasonal trends, with February through May accounting for a sizable amount of turnover.
How To Apply for Stallion India IPO Online?
Click and Login to Your Angel One Account : Open the Angel One app or website and log in with your credentials.
Locate the IPO Section: Navigate to the 'IPO' section on the platform.
Select IPO: Find and select the Laxmi Dental IPO from the list of open IPOs.
Enter the Lot Size: Specify the number of lots you want to bid for.
Submit Your UPI ID: Enter your UPI ID to link your payment method and submit your application.
Approve Funds: Once you receive the bid request on your UPI app, approve it by entering your UPI PIN.
Important Link
Laxmi Dental IPO allotment status
