Stallion India Fluorochemicals IPO: Should you subscribe? Know price band, lot size, allotment & listing dates, other details

The share sale of Rs 199.45 crore public issue of Stallion India Fluorochemicals, which is in the business of selling refrigerants and industrial gases and related products, opened on Thursday, January 16, 2025, and will be closed on Monday, January 20, 2025. The company has fixed the price band between Rs 85 and Rs 90. It consists of a fresh issue of 1.79 crore shares worth Rs 160.73 crore and an offer for sale of 0.43 crore shares worth Rs 38.72 crore. Investors can apply for lots with a minimum of 165 shares and multiples thereof. Should you subscribe? Check what equity market experts say:

Stallion India Fluorochemicals IPO? Is it for long-term or listing gain?

Domestic brokerages' analysts are betting on the IPO with a long-term perspective due to the company's financial growth and valuations.

Analysts at Bajaj Broking have suggested applying for the issue with a medium to long-term investment horizon. According to them, the P/E ratio is 21.53 based on FY25 earnings on the post-IPO fully diluted equity.

"It stands at a P/E of 48.39 based on FY24 earnings," Bajaj Broking said. According to the brokerage, this is a fair valuation for the issue.

Another leading brokerage Anand Rathi has acknowledged that the company has created a unique space in the segment with quality and economical products and recommended to subscribing for long-term horizon investment. At an upper band, the valuation is fairly priced at P/E of 48x post issue of equity shares on the basis of FY24 earnings, it said.

"It holds a prominent position with a market share of 10 per cent in fluorochemicals industry. With its planned business strategy and capex mode, there is significant headroom to improve earnings in coming years," said Anand Rathi's analysts.

They expected that Stallion India Fluorochemicals has scope for business improvement on the back of industry tailwinds and business scalability.

Stallion India Fluorochemicals Allotment Process Date

The allotment for the IPO will likely be completed on Tuesday, January 21, 2025.

Stallion India Fluorochemicals Stock Listing Date

As of RHP, tentative date for listing of Stallion India's shares on the exchanges NSE and BSE is fixed on Thursday, January 23, 2025.

Stallion India Fluorochemicals: Registrar and BRLM

The book-running lead manager (BRLM) of the Stallion India IPO is Sarthi Capital Advisors, and the official registrar is Bigshare Services Pvt Ltd.

What does Stallion India Fluorochemicals do?

Since 2002, Stallion India Fluorochemicals in the business of selling refrigerant and industrial gases and related products. Its primary functions are debulking, blending, processing refrigerant and industrial gases, and selling of pre-filled cans and small cylinders and containers.

Currently, Stallion India Fluorochemicals has three plants in states like Maharashtra, Rajasthan, and Haryana. Here is a list of these four plants:

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