Stallion India Fluorochemicals shares list with 33% premium over IPO price

The shares of Stallion India Fluorochemicals listed at a premium of 33.3% on the exchanges on Thursday. The stock debuted at Rs 120 on NSE and BSE against an issue price of Rs 90.

The IPO received robust response from investors with a subscription of nearly 188 times, driven by strong bidding from non-institutional investors.

The company plans to use the net proceeds from the IPO for working capital and capital expenditure requirements and other general corporate purposes.


Considering its financial track record, analysts say the company is suitable for medium to long-term investment.

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Stallion India Fluorochemicals deals in gases that are broadly classified as Fluorochemicals. They are majorly used as refrigerants.

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Its products such as gases are used in various industries, including semiconductor manufacturing, automotive, electronics, pharmaceuticals, healthcare, fire extinguishers, spray foam, glass bottle making, and aerosol production.

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The increasing demand for fluorochemicals and specialty gases across various industries present a significant growth opportunity for market players.

Over the past three fiscal years, the company recorded total income of Rs 186 crore, Rs 226 crore and Rs 236 crore. In the first half of FY25, it reported a net profit of Rs 16.57 crore on a total income of Rs 141.53 crore.

The company’s average EPS over the past three years was Rs 2.50, with an average RoNW of 16.64%. The company was valued at a P/BV ratio of 4.11 based on a NAV of Rs 21.89 as of September 2024, and 2.42 based on the post-IPO NAV of Rs 37.22 per share.

(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of Economic Times)