Stallion India Fluorochemicals IPO Allotment Status: Check Latest GMP & Steps to Verify

Stallion India Fluorochemicals Limited, a leading name in the sale of Refrigerant and Industrial Gases, recently concluded its IPO bidding process from January 16, 2025, to January 20, 2025. Here’s a detailed guide to check the IPO allotment status, the IPO’s key details, and the latest Grey Market Premium (GMP).

How to Check Stallion India IPO Allotment Status Online

Steps to Check Allotment on BSE

1. Visit the Application Status page of the BSE.
2. Select ‘Equity’ as the issue type.
3. Choose ‘Stallion India Fluorochemicals Limited’ from the dropdown menu.
4. Enter your IPO application number or PAN details.
5. Verify the captcha by selecting the ‘I am not a Robot’ checkbox.
6. Click on the Submit button to view your allotment details.

Steps to Check Allotment on NSE

1. Go to the NSE IPO allotment page.
2. Select ‘STALLION’ from the dropdown menu.
3. Enter your PAN number and IPO application number.
4. Click on the Submit button to verify the status.

Steps to Check Allotment on BigShare Services

1. Access the official website of BigShare Services Pvt. Ltd.
2. Select any of the server links provided.
3. From the dropdown menu, choose ‘Stallion India Fluorochemicals Limited’.
4. Enter one of the following: Application Number, Beneficiary ID, or PAN.
5. Complete the captcha verification.
6. Click on Search to view your allotment details.

IPO Details

The Stallion India IPO is a book-built issue totaling ₹199.45 crores, comprising:

• A fresh issue of 1.79 crore shares valued at ₹160.73 crores.
• An offer for sale of 0.43 crore shares amounting to ₹38.72 crores.
• IPO Bidding Period: January 16, 2025, to January 20, 2025.
• Allotment Finalization Date: January 21, 2025.
• Tentative Listing Date: January 23, 2025.
• Price Band: ₹85-₹90 per share.

Book Running Lead Manager: Sarthi Capital Advisors Private Limited
Registrar: BigShare Services Pvt. Ltd.

Use of Proceeds

The proceeds from the fresh issue will be utilized for:

1. Incremental working capital requirements.
2. Capital expenditures for a new Semiconductor & Specialty Gas debulking and blending facility in Khalapur, Maharashtra.
3. Establishing a Refrigerator debulking and blending facility in Mambattu, Andhra Pradesh.
4. General corporate purposes.

Stallion India IPO – Subscription Status

As of January 20, 2025, the IPO was oversubscribed 188.29 times:

• Retail Investors: 96.76 times
• Qualified Institutional Buyers (QIB): 172.93 times
• Non-Institutional Investors (NII): 422.33 times
  • High-value bids (above ₹10 lakh): 472.89 times
  • Low-value bids (below ₹10 lakh): 321.21 times

GMP (Grey Market Premium)

The current GMP for Stallion India IPO is ₹48 per share, as per market sources. This reflects a 53.33% premium over the issue price in the grey market.
Note: GMP data is unauthenticated and should not be considered a sole basis for investment decisions.

Stallion India Fluorochemicals: Business Overview

Founded in 2002, Stallion India Fluorochemicals Limited is a key player in the sale and processing of Refrigerant and Industrial Gases. Core operations include:

• Debulking, blending, and processing gases.
• Supplying pre-filled cans and small cylinders.

The company operates four manufacturing facilities:

1. Khalapur, Maharashtra
2. Panvel, Maharashtra
3. Ghiloth, Rajasthan
4. Manesar, Haryana

The company’s products cater to industries such as semiconductors, automotive, electronics, pharmaceuticals, healthcare, fire extinguishers, and more.

About the Company Stallion India Fluorochemicals Limited specializes in the sale of refrigerant gases, industrial gases, and related products. Its core operations include debulking, blending, and processing refrigerant and industrial gases, along with selling pre-filled cans under the brand name ‘Stallion.’

The company’s primary revenue driver is the refrigerant segment, contributing over 85% of total revenue as of the September quarter of FY25.

Financial Performance

Revenue Growth

For the six months ending September 30, 2023, and fiscal years 2023, 2022, and 2021, the company reported total revenue as follows:

• ₹9,351.37 lakhs (6 months ending September 2023)
• ₹23,519.93 lakhs (FY 2023)
• ₹18,634.07 lakhs (FY 2022)
• ₹11,941.52 lakhs (FY 2021)

This reflects a CAGR of 40.34% from FY 2021 to FY 2023.

EBITDA and Margins

• EBITDA for the same periods:
  • ₹898.54 lakhs (September 2023, 6 months)
  • ₹2,588.66 lakhs (FY 2023)
  • ₹3,300.85 lakhs (FY 2022)
  • ₹1,525.85 lakhs (FY 2021)
• EBITDA Margins:
  • 9.61% (September 2023, 6 months)
  • 11.01% (FY 2023)
  • 17.71% (FY 2022)
  • 12.78% (FY 2021)

Profit After Tax (PAT)

• PAT for the six-month period ending September 2023: ₹543.74 lakhs.
• PAT for FY 2023: ₹1,624.40 lakhs, showing a decline from ₹2,110.97 lakhs in FY 2022 due to increased expenses.

Revenue Concentration

The company’s top 10 customers accounted for a significant portion of total revenue:

• 89.28% (6 months ending September 2023)
• 74.77% (FY 2023)
• 72.88% (FY 2022)
• 72.11% (FY 2021)

Disclaimer: The Grey Market Premium (GMP) is based on unauthenticated market information. Investors are advised to conduct thorough research before making investment decisions.