Key Details:
- IPO Opening Date: January 16, 2025
- IPO Closing Date: January 20, 2025
- Fundraising: Rs 199.45 crore
- Fresh Issue: 1,78,58,740 equity shares
- Offer for Sale (OFS): 43,02,656 equity shares by promoter Shazad Sheriar Rustomji
Price and Lot Size:
- Price Band: Rs 85-90 per share
- Lot Size: 165 shares (min bid: Rs 14,850; max bid: Rs 1,93,050 for 13 lots)
Grey Market Performance:
- GMP: Rs 138 per share (53.33% premium over upper price band of Rs 90)
Timelines:
- Basis of Allotment Finalization: January 21, 2025
- Demat Credit: January 22, 2025
- Tentative Listing Date: January 23, 2025 (BSE & NSE)
Registrar and BRLM:
- Registrar: Bigshare Services
- Lead Manager: Sarthi Capital Advisors
Objectives of the IPO:
- Proceeds from Fresh Issue:
- Incremental working capital
- Capital expenditure for facilities in Maharashtra and Andhra Pradesh
- General corporate purposes
- Proceeds from OFS: To the selling promoter (after expenses and taxes)
Expert Recommendations:
- Anand Rathi Research Team:
- Rating: Subscribe for the long term
- Rationale:
- Market share of 10% in fluorochemicals industry
- Growth potential from planned strategy and capex
- Valued at a P/E of 48x FY24 earnings
- Bajaj Broking:
- Rating: Subscribe for the long term
- Rationale:
- Strong position in refrigerant and industrial gases market
- Strategic shift towards high-margin products to boost profitability
- Reasonably priced for medium to long-term investment
About Stallion India Fluorochemicals:
- Incorporation: 2002
- Business Operations:
- Selling refrigerants and industrial gases
- Debulking, blending, and processing gases
- Products used in semiconductors, automotive, electronics, pharmaceuticals, and more.
Open Free Trading Account – A Step-by-Step Guide in Online Trading for Beginners
