Support and Resistance Levels
Past performance
About Stallion India Fluorochemicals Ltd Stallion India Fluorochemicals Limited, headquartered in Mumbai, is a prominent manufacturer of industrial gases, specializing in Hydrofluorocarbons (HFC) and Hydrofluoroolefins (HFO). Originally established as a private limited company in 2002, it transitioned to a public limited company in October 2023. The company, founded by Shazad Sheriar Rustomji, operates through four strategically located plants in Maharashtra, Rajasthan, and Haryana, serving a variety of industries with cutting-edge gas solutions.
The company has a history of innovation, launching its first HFC bottling facility in 1998 and expanding to cater to diverse industrial needs over the years. Notable milestones include developing next-generation HMPE ropes for the Indian Navy, retrofitting naval vessels with eco-friendly refrigerants, and producing HFO-1234yf for Indian auto manufacturers to meet European F-gas regulations. Its Khalapur facility in Maharashtra, which has undergone significant expansion, is a key hub for advanced refrigerant and flammable gas production, including blending facilities.
In 2023, Stallion India further consolidated its operations by acquiring Stallion Enterprises through a slump-sale agreement. The acquisition aligns with its growth strategy and strengthens its market position in the industrial gas sector. The company's commitment to innovation and regulatory compliance ensures its relevance in industries such as automotive, refrigeration, and defense.
The company is planning an initial public offering (IPO) of 22.16 million equity shares, consisting of 17.86 million fresh issues and 4.3 million shares offered for sale, signaling its intent to raise capital for expansion and further market penetration. This IPO presents an opportunity for traders and investors to participate in a well-established and growing industrial player with a strategic foothold in critical sectors.