The corporate plans to make use of the funds raised from the IPO for incremental working capital necessities, capital expenditure necessities for semiconductor and specialty gasoline debulking and mixing facility and different normal company functions.
Examine value band of Stallion India Fluorochemicals
Stallion India Fluorochemicals is providing its shares at Rs 85-90 apiece. The utmost that buyers can bid for in quite a bit is 165 shares.
Stallion India Fluorochemicals GMP on Day 1
Stallion India Fluorochemicals GMP has been on the rise for the reason that previous few days. The GMP, which began at round Rs 21, rose to Rs 48, which is a premium of 53% to the difficulty value.
Stallion India Fluorochemicals IPO analyst evaluate: Do you have to subscribe?
Analysts suggested buyers to subscribe to the difficulty for the long run as the corporate holds a distinguished place within the fluorochemicals trade with a market share of 10% and is nicely poised to capitalise on the alternatives.
On the valuation entrance, the corporate is priced at P/E of 48x submit concern of fairness shares on FY24 incomes foundation.
“With its deliberate enterprise technique and capex mode, there’s a vital headroom to enhance earnings in coming years. We consider that the corporate has a scope of enterprise enchancment on the again of trade tailwinds and enterprise scalability,” mentioned Anand Rathi.
All it is advisable to find out about Stallion India Fluorochemicals IPO
Mumbai-based Stallion India Fluorochemicals is engaged within the enterprise of promoting refrigerant and industrial gases and associated merchandise. Its main enterprise consists of debulking, mixing and processing refrigerant and industrial gases, and promoting of pre-filled cans and small cylinders.
Nonetheless, the corporate operates in a extremely aggressive panorama and competes with current gamers, together with SRF, Gujarat Fluorochemicals, and Navin Fluorine Worldwide. A few of these opponents are bigger than the corporate by way of scale, monetary sources, manufacturing capabilities, analysis and growth, and different sources.
In FY24, its income from operations rose marginally to Rs 233 crore, whereas revenue after tax (PAT) additionally jumped 51% year-on-year to Rs 148 crore.
Sarthi Capital Advisors is the only book-running lead supervisor, whereas Bigshare Companies is the registrar to the difficulty.
Allotment and itemizing date of Stallion India Fluorochemicals IPO
Stallion India Fluorochemicals is more likely to finalise the share allotment on January 21 and the itemizing date is scheduled for January 23.
(Disclaimer: Suggestions, ideas, views and opinions given by the consultants are their very own. These don’t characterize the views of Financial Instances)
