Stallion India IPO Overview
Stallion India IPO is set to open for subscription on January 16, 2025, and close on January 20, 2025. This IPO follows a Book Built Issue model and aims to raise approximately ₹199.45 crores. The issue comprises a fresh issue of ₹160.73 crores and an offer for sale (OFS) of up to 43,02,656 equity shares with a face value of ₹10 each.
The IPO price band is set at ₹85 to ₹90 per share. Post-allotment, the company will be listed on the BSE and NSE on January 23, 2025. Retail investors have a quota of 35%, while 50% is allocated to Qualified Institutional Buyers (QIBs) and 15% to Non-Institutional Investors (HNIs).
Key Dates of Stallion India IPO
| Event | Date |
|---|---|
| IPO Open Date | January 16, 2025 |
| IPO Close Date | January 20, 2025 |
| Basis of Allotment Finalization | January 21, 2025 |
| Refunds Initiated | January 20, 2025 |
| Credit to Demat Accounts | January 20, 2025 |
| IPO Listing Date | January 23, 2025 |
IPO Details
| Detail | Information |
|---|---|
| Face Value | ₹10 per equity share |
| IPO Price Band | ₹85 to ₹90 per share |
| Issue Size | ₹199.45 crores |
| Fresh Issue | ₹160.73 crores |
| Offer for Sale | 43,02,656 equity shares |
| Listing Exchanges | BSE, NSE |
| Retail Quota | 35% |
| QIB Quota | 50% |
| NII (HNI) Quota | 15% |
Market Lot and Investment Details
The minimum market lot size for Stallion India IPO is 165 shares, with a minimum application amount of ₹14,850. Retail investors can apply for up to 13 lots.
| Category | Lot Size | Shares | Amount (₹) |
|---|---|---|---|
| Retail Minimum | 1 | 165 | ₹14,850 |
| Retail Maximum | 13 | 2145 | ₹1,93,050 |
| S-HNI Minimum | 14 | 2310 | ₹2,07,900 |
| B-HNI Minimum | 68 | 11,220 | ₹10,09,800 |
Financial Performance
Stallion India has demonstrated steady growth in its revenue and profits over recent years:
| Year | Revenue (₹ Crores) | Profit (₹ Crores) | Assets (₹ Crores) |
|---|---|---|---|
| 2022 | 186.34 | 21.11 | 98.01 |
| 2023 | 226.06 | 9.75 | 126.18 |
| 2024 | 236.23 | 14.79 | 203.14 |
| Sep 2024 (Half Year) | 141.53 | 16.57 | 235.69 |
Financial Ratios and Valuation Metrics
| KPI | Value |
|---|---|
| ROE | 12.54% |
| ROCE | 13.96% |
| EBITDA Margin | 11.30% |
| PAT Margin | 6.26% |
| Debt-to-Equity Ratio | 0.55 |
| Earning Per Share (EPS) | ₹2.54 |
| Return on Net Worth | 12.54% |
| Net Asset Value (NAV) | ₹19.19 |
Objectives of the IPO
- Funding Working Capital Needs: The company plans to utilize a portion of the proceeds for incremental working capital requirements.
- Capital Expenditure: Investments in facilities for:
- Semiconductor & Specialty Gas debulking and blending (Khalapur, Maharashtra).
- Refrigerant debulking and blending (Mambattu, Andhra Pradesh).
- General Corporate Purposes.
Promoters of Stallion India IPO
- Shazad Sheriar Rustomji
- Manisha Shazad Rustomji
- Rohan Shazad Rustomji
Peer Comparison
| Company | EPS (₹) | PE Ratio | RoNW (%) | Income (₹ Cr) |
|---|---|---|---|---|
| Navin Fluorine International | 47.44 | 70.82 | 10.22 | 235.17 |
| SRF Limited | 46.35 | 49.30 | 13.07 | 1374.03 |
| Gujarat Fluorochemicals | 38.12 | 108.36 | 7.07 | 418.75 |
Application Process for Stallion India IPO
- Investors can apply through ASBA (Application Supported by Blocked Amount) via online banking or UPI platforms.
- Offline applications can also be submitted through stockbrokers.
Registrar and Lead Managers
Registrar: Bigshare Services Pvt. Limited
Lead Manager: Sarthi Capital Advisors Private Limited
Conclusion
Stallion India IPO presents an opportunity for long-term investors, given its steady growth, robust financial metrics, and strategic objectives. Investors should carefully evaluate the company’s valuation and industry position before investing.
FAQs
1. What is the price band of Stallion India IPO?
The price band is set at ₹85 to ₹90 per share.
2. When will Stallion India IPO open for subscription?
The IPO opens on January 16, 2025.
3. How can I apply for Stallion India IPO?
You can apply online via ASBA through your bank account or UPI-enabled stockbroker apps.
4. What is the minimum investment required for Stallion India IPO?
The minimum investment for retail investors is ₹14,850 for one lot of 165 shares.
5. When will Stallion India IPO be listed?
The IPO is set to list on January 23, 2025, on the BSE and NSE.