Amidst the weakness in the market, another company has made a great entry. Today, shares of Stallion India Fluorochemicals have been listed on both the exchanges - National Stock Exchange (NSE) and Bombay Stock Exchange (BSE). Shortly after the listing, the stock hit an upper circuit. This listing has been done at a premium price compared to the issue price on both the exchanges. On the very first day of this listing, those investors who got the allotment of this IPO got a huge benefit.

The issue price for this IPO is fixed at Rs 90 per share. Stallion India Fluorochemicals was listed on NSE on Thursday at a price of ₹ 120 per share, which is at a premium of about 33%. It was also listed on BSE at a price of ₹ 120 per share. After listing, the share is at an upper circuit of 5% at a price of ₹ 125.99 per share.

Stallion India Fluorochemicals IPO Price Band Stallion India Fluorochemicals has fixed a price band of Rs 85 to Rs 90. Stallion India Fluorochemicals IPO Lot Size The IPO consists of a fresh issue of 1.78 crore equity shares and an offer-for-sale (OFS) of 43.02 lakh shares by its promoter Shahzad Sheriar Rustomji. At the upper end of the price band, the IPO is valued at Rs 199.45 crore. What the Company Does Stallion India is an Indian company that specializes primarily in the field of fluorochemical gases. The company was founded in 2002 and manufactures environmentally sustainable products. The Mumbai-based company will compete with listed firms such as Navin Fluorine International, SRF, and Gujarat Fluorochemicals. The company is primarily engaged in debulking, blending, and processing of refrigerants and industrial gases. It also sells pre-filled cans and small cylinders or containers. Refrigerant Gases: The company produces a variety of refrigerant gases such as hydrocarbons (HC), hydrofluorocarbons (HFCs), and hydrofluoroolefins (HFOs), which are used in air conditioning, automobiles, and other industries. Industrial Gases: Stallion India supplies specialty gases used in semiconductor manufacturing, pharmaceuticals, and medical equipment. Customized Gas and Engineering Solutions-The company provides customized gas solutions and engineering services for various industries. Which reduces the operational cost of the company and increases productivity. A look at the financials of Stallion India Fluorochemicals Limited-  The company's revenue and profit have grown. In the financial year 2024, the net profit increased by 51.6% to ₹ 14.8 crores as compared to the previous year. But in the financial year 2023, it decreased by 53.8% to ₹ 9.8 crores as compared to the financial year 2022. During the year ended March 2024, the revenue grew by 3.4% to ₹ 233.2 crores, while in the financial year 2023 it was ₹ 225.5 crores. At the same time, revenue was recorded at ₹ 185.9 crores in the financial year 2022.