Stallion India Fluorochemicals Limited IPO

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The company is specialize in the selling of Refrigerant and Industrial Gases and related products, catering to a wide range of industries.

Core Business Operations

Primary Offerings:
i. Debulking, Blending, and Processing of Refrigerant and Industrial Gases.
ii. Selling Pre-Filled Cans and Small Cylinders/Containers of gases.

Applications of Gases:
Their gases are utilized across diverse industries, including:
i. Air Conditioners & Refrigerators                                              ii. Fire Fighting
iii. Semiconductor Manufacturing                                              iv. Automobile Manufacturing
v. Pharma and Medicals                                                                vi. Glass Bottle Manufacturing
vii. Aerosols and Spray Foam

Quality and Safety

Their focus on ensuring safe handling and storage of gases, combined with their expertise in debulking and processing, enables them to deliver high-quality products tailored to industry needs. They are dedicated to maintaining the highest safety standards across all their operations.

Stallion continues to grow as a reliable provider of refrigerant and industrial gases, supporting key industrial sectors with innovative solutions.

Objects of the Stallion India Fluorochemicals Limited IPO:

The net proceeds of the Fresh Issue: i. Funding incremental working capital requirements of the Company. ii. Funding capital expenditure requirements for our Semi-conductor & Specialty Gas debulking & blending facility (“Khalapur, Maharashtra”). iii. Funding capital expenditure requirements for our Refrigerant debulking & blending facility (“Mambattu, Andhra Pradesh”). iv. General Corporate Purposes. Total number of share issue :- i. Fresh issue is 1,78,58,740 shares, ii. Offer for sale is 43,02,656 shares.
DRHP of Stallion India Fluorochemicals Limited IPO
RHP of Stallion India Fluorochemicals Limited IPO

Stallion India Fluorochemicals Limited IPO Details:

Open Date: Jan 16 2025
Close Date: Jan 20 2025
Total Shares: 2,21,61,396
Face Value: ₹ 10 Per Equity Share
Issue Size: 199.45 Cr.
Lot Size: 165 Shares
Issue Price: ₹ 85 - 90 Per Equity Share
Listing At: NSE,BSE
Listing Date: Jan 23 2025

Promoters And Management:

Shazad Sheriar Rustomji is a Promoter and Managing Director of the Company, Shazad Sheriar Rustomji began his career with a seafood export venture during his college years. A Mithibai College graduate (1988), he has over 30 years of experience in refrigerants and specialty chemicals. With expertise in supply chain logistics and customer value chains, he oversees the company's day-to-day operations, driving its growth since the early 2000s. Rohan Shazad Rustomji is a Promoter and Executive Director of the Company, Rohan Shazad Rustomji has completed Level 5 of BTEC from RIMS International School and is currently pursuing an online BBA from the University of Derby, UK. With 2 years of experience in finance, he oversees the company's imports and banking functions, contributing to its operational and financial growth. Manisha Shazad Rustomji is a Promoter and Executive Director of the Company, Manisha Shazad Rustomji holds a diploma in Fashion Designing (1995-96) and a certificate as a registered medical practitioner in Alternative Medicine from the Indian Board of Alternative Medicine. With 8 years of experience in Public Relations, she manages the company's PR activities and actively participates in Corporate Social Responsibility (CSR) initiatives, demonstrating her dedication to community welfare.

Financials of Stallion India Fluorochemicals Limited IPO:

(₹ in Crores)

Particulars Sep 30, 2024 March 31, 2024 March 31, 2023 March 31, 2022
Revenue from Operations 140.73 233.23 225.50 185.88
EBITDA 25.53 26.70 15.59 33
EBITDA Margins 18.04% 11.30% 6.90% 17.71%
PAT 16.56 14.78 9.75 21.10
PAT Margins 11.70% 6.26% 4.31% 11.33%
ROCE 11.58% 13.96% 15.80% 49.22%
D/E Ratio 0.60 0.55 0.26 0.03
CFOA -4.03 -73.44 -28.11 7.98

Comparison With Peers:

Companies Revenue EBITDA Margins PAT Margins D/E Ratio MCap P/E
Stallion India Fluorochemicals  (FY 2024) 233.23 Cr. 11.30% 6.26% 0.55 713.92 Cr. 48.30*
Navin Flourine International (TTM) 2,144 Cr. 18% 12% 0.56 18,469 Cr. 85.30
SRF    (TTM) 13,511 Cr. 18% 8.35% 0.44 74,272 Cr. 65.70
Gujarat Fluorochemicals (TTM) 4,489 Cr. 22% 9% 0.35 41,244 Cr. 101

Recommendation on Stallion India Fluorochemicals Limited IPO:

Review and Recommendation of Stallion India Fluorochemicals IPO by team IZ is 4/10.
 

Lead Manager of Stallion India Fluorochemicals Limited IPO:

  1. Sarthi Capital Advisors Private Limited

Registrar of Stallion India Fluorochemicals Limited IPO:

  1. Bigshare Services Private Limited

Company Address:

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/

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