Market Performance
Stallion India Fluorochemicals shares made a strong debut on January 23, listing at ₹120 per share on the NSE, a 33.33% premium over its issue price of ₹90. By 10:13 AM, the stock traded at ₹126, marking a 40% increase. The listing valued the company at ₹951.90 crore on the NSE.
IPO Overview
The public issue, which opened on January 16, aimed to raise ₹199.45 crore. It was offered at a price band of ₹85–₹90 per share and received an overwhelming subscription of 188.38 times, reflecting strong investor demand.
Utilisation of Funds
The company plans to use the IPO proceeds for:
- Capital expenditure for proposed facilities in Maharashtra and Andhra Pradesh.
- Working capital requirements
- General corporate purposes
Business Overview
Stallion India Fluorochemicals specialises in refrigerants and industrial gases, catering to industries such as:
- Air-conditioning and refrigeration.
- Semiconductor manufacturing.
- Pharmaceuticals and medicals.
- Glass bottle manufacturing.
- Aerosols and spray foam applications.
- Firefighting.
- Automobile manufacturing.
Industry Context
The fluorochemicals sector in India involves the production and supply of products used in various industrial applications. Companies in this sector manufacture components for refrigeration, pharmaceuticals, and agrochemicals and have seen demand across industrial and commercial applications. Stallion India's expansion plans and strong fundamentals are expected to support its growth trajectory.
Summary
Stallion India Fluorochemicals achieved an impressive stock market debut, indicating high investor confidence. The company is supported by a solid business model and strategic expansion plans, positioning it to address growth opportunities in the fluorochemicals sector.
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