Stallion India Fluorochemicals IPO — Should You Subscribe? Read Anand Rathi's Analysis

Stallion India Fluorochemicals' Rs 199.5 crore IPO consists of a fresh issue of 1.79 crore shares worth Rs 160.73 crore and an offer for sale of 43 lakh shares totalling Rs 38.72 crore. The minimum order lot for bidding is 165..NDTV Profit’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer NDTV Profit’s subscribers an opportunity to expand their understanding of companies, sectors and the economy..Anand Rathi Report.Stallion India Fluorochemicals Ltd. will launch its initial public offering on January 16 and the offer closes for subscription on Jan. 20. The refrigerants, industrial gases and related products supplier has set the price band at Rs 85 to Rs 90 apiece. The Rs 199.5 crore IPO consists of a fresh issue of 1.79 crore shares worth Rs 160.73 crore and an offer for sale of 43 lakh shares totalling Rs 38.72 crore. The minimum order lot for bidding is 165..Objects of the IssueFunding incremental working capital requirements of the company.Funding capital expenditure requirements for Semi-conductor and specialty gas debulking and blending facility. Funding capital expenditure requirements for Refrigerant debulking and blending facility. General corporate purposes..Valuation & Outlook Stallion India Fluorochemicals is engaged in the business of variety of refrigerant and industrial gases. The company has created a unique space in the segment with quality and economical products. The company holds a prominent position with a market share of 10% in fluorochemicals industry. With its planned business strategy and capex mode, there is a significant headroom to improve earnings in coming years. On the valuation front, at an upper band, company is fairly priced at P/E of 48x post issue of equity shares on FY24 earning basis. We believe that the company has a scope of business improvement on the back of industry tailwinds and business scalability. Thus, we recommend a “Subscirbe – long term” rating to the IPO..Click on the attachment to read the full IPO report:.Stallion India Fluorochemicals IPO GMP Soars Over 40% Ahead Of Jan 16. Launch.DISCLAIMERThis report is authored by an external party. NDTV Profit does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of NDTV Profit..Users have no license to copy, modify, or distribute the content without permission of the Original Owner.

Stallion India Fluorochemicals IPO — Should You Subscribe? Read Anand Rathi's Analysis

Stallion India Fluorochemicals' Rs 199.5 crore IPO will be launched on January 16 with a fixed price band of Rs 85 to Rs 90 apiece.

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Stallion India Fluorochemicals IPO — Should You Subscribe? Read Anand Rathi's Analysis

Stallion India Fluorochemicals' Rs 199.5 crore IPO will be launched on January 16 with a fixed price band of Rs 85 to Rs 90 apiece.

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