Stallion India Fluorochemicals Ltd Company Summary

Stallion India Fluorochemicals Limited was incorporated as Private Limited Company as Stallion India Fluorochemicals Private Limited in Mumbai on September 5, 2002, with the RoC. The status of the Company got converted to Public Limited and name of the Company was changed to Stallion India Fluorochemicals Limited through a fresh Certificate of Incorporation dated October 5, 2023 issued by the RoC.The Company is engaged in the business of refrigerant and industrial gases, catering to diverse industries such as automobiles, air-conditioning & refrigeration, pharmaceuticals, defence, and semiconductors. It has established a robust operational network through 4 strategically located manufacturing units at Khalapur and Panvel in Maharashtra, Ghiloth in Rajasthan and Manesar in Haryana.

The Company started the business in 1992. It established the first standalone HFC debulking /bottling facility at Panvel outside Mumbai in 1998. It started operations at its North India debulking /bottling facility at Manesar -Gurgaon in 2002.

It initiated work to help Indian Navy retrofit existing vessels from CFCs to alternate HCFC blends in 2009. It launched the next generation HMPE ropes with the Indian Navy and started testing services in 2010. It established a wholly new Flammable Gas Debulking and Refilling Plant at Khalapur facility in Maharashtra for all the hydrocarbon , HFC and next generation HFO gas in 2013.

Thereafter, in 2016, the Company commenced commercial supplies of HFO-1234yf to auto OEMs in India to help Indian auto OEMs meet the European F gas regulations for their exports to Europe. Again, it started commercial supplies of Isobutane, from its Khalapur Plant , for refrigerator OEMs in India. In 2018, it expanded Khalapur facility to a second plant and started blending facility for Refrigerant Blends.

It started a new plant at Ghiloth, Rajasthan for Refrigerants and Flammable gases to support Manesar Plant. Through a Slump Sale Agreement, it acquired Stallion Enterprises, Sole Proprietorship of Shazad Rustomji in 2023.The Company issued & allotted 2,21,61,396 equity shares having the face value Rs 10 each, by raising funds of Rs 199.45 crores, consisting a fresh issue of 1,78,58,740 equity shares aggregating to Rs 160.72 crores and the offer for sale of 43,02,656 equity shares aggregating to Rs 38.72 crores by launching the IPO in January, 2025. .