Stallion India Rights Issue dates 20 – 27 February 2026.
Stallion India is engaged in the debulking, blending, processing, and distribution of refrigerant and specialty gases, with a focus on fluorochemicals catering to industrial, commercial, and OEM customers. Its product portfolio spans hydrofluorocarbons (HFCs), hydrocarbons (HCs), and next-generation hydrofluoroolefins (HFOs), supplied in bulk, cylinders, tonners, and pre-filled cans. These products serve diverse end-use sectors, including air conditioning and refrigeration, automotive, fire suppression, semiconductors, pharmaceuticals, medical applications, aerosols, glass manufacturing, and electrical insulation.
The company currently operates four manufacturing and processing facilities located at Panvel (Maharashtra), Khalapur (Maharashtra), Manesar (Haryana), and Ghiloth (Rajasthan), providing strong geographic coverage across western and northern India. The Khalapur facility functions as the primary blending hub. In addition, two new plants are under construction—an HFC/HFO blending and debulking facility in Andhra Pradesh and a helium and semiconductor gas facility in Maharashtra—both fully funded through IPO proceeds, underscoring balance sheet-backed expansion.
Demand for refrigerant gases is seasonally skewed, with peak utilization during summer months; however, diversified end-user exposure and long-standing customer relationships help mitigate cyclicality. Backed by brand recognition under the “Stallion” name, a diversified product mix, and ongoing capacity expansion aligned with global environmental regulations, the company is positioned to benefit from the transition toward low-GWP refrigerants and specialty gases in India’s growing industrial ecosystem.
Stallion India launched its IPO last year, delivering a 40% gain on the listing day. Subsequently, the stock turned into a multibagger, reaching an all-time high (ATH) of INR 414.35 per share on 20 October 2025 and generating a 360% return for investors from its IPO allotment price of INR 90 per share.
Promoters of Stallion India – Mr. Shazad Sheriar Rustomji, Ms. Manisha Shazad Rustomji, Mr. Rohan Shazad Rustomji
Table of Contents
Stallion India Rights Issue Details
| Stallion India Rights Issue Date | 20 – 27 February 2026 |
| Stallion India Rights Issue Price | INR 99 per share |
| Issue Size (in Shares) | 3,67,60,483 share |
| Issue Size (in INR) | INR 363.93 crore |
| Issue Entitlement | 19 equity shares for every 41 equity shares held on the record date |
| Terms of Payment | Fully payable at the time of application |
| Stallion India Rights Issue Record Date | 11 February 2026 |
| Face Value | INR 10 per share |
| Listing On | BSE, NSE |
Stallion India Rights Issue Calculation
| Stallion India Rights Issue Price | INR 99 per share |
| Market Price on Rights Issue Approval | INR 197.60 per share |
| Dilution Factor (X) | 1.46 |
| Fair Value After Dilution at Prevailing Price | INR 166.38 per share |
Stallion India Financial Performance
| FY 2023 | FY 2024 | FY 2025 | |
| Revenue | 226 | 233 | 377 |
| Expenses | 208 | 209 | 330 |
| Operating Margin (%) | 13 | 10 | 8 |
| Net Income | 32 | 15 | 10 |
| ROCE (%) | 20 | 18 | 22 |
Stallion India Rights Offer Objectives
The net proceeds from the offer are proposed to be used for
- To finance expenditure towards the acquisition of land, construction and other civil works, and the purchase of equipment and machinery required for setting up the unit/plant – INR 322.10 crore
- General corporate purposes – INR 7.83 crore
Stallion India Rights Offer Documents
- Stallion India Rights Issue Application Form
- Stallion India Letter of Offer
- Board Meeting Outcome
- Stallion India Draft Letter of Offer
- Rights Issue in 2025
Stallion India Rights Issue Dates
| Rights Issue Approval Date | 23 January 2026 |
| Rights Issue Record Date | 11 February 2026 |
| Credit of Rights Entitlement | 19 February 2026 |
| Rights Issue Opening Date | 20 February 2026 |
| Last Date for Market Renunciation | 23 February 2026 |
| Rights Issue Closing Date | 27 February 2026 |
| Finalization of Basis of Allotment | 2 March 2026 |
| Rights Allotment Date | 2 March 2026 |
| Credit Date | 4 March 2026 |
| Listing Date | 5 March 2026 |
Stallion India Rights Offer Registrar
BIGSHARE SERVICES PRIVATE LIMITED
Pinnacle Business Park, Office No. S6-2, 6th Floor,
Mahakali Caves Road, Next to Ahura Centre,
Andheri (East), Mumbai, Maharashtra, India – 400 093
Tel: +91-022-62638200
Email: [email protected]
Website: www.bigshareonline.com
Stallion India Contact Details
STALLION INDIA FLUOROCHEMICALS LIMITED
2, A Wing, Knox Plaza, Off. Link Road, Mindspace,
Malad – West, Mumbai, Maharashtra, India – 400 064
Tel: +91-7045270839
Email: [email protected]
Website: www.stallionfluorochem
Stallion India Rights Offer FAQs
What is the Stallion India Rights Issue Price?
The issue price is INR 99 per share.
What is the Stallion India Rights Issue entitlement ratio?
The eligible shareholders are offered 19 Equity Shares for every 41 Equity Shares held on the record date.
What is the Stallion India Rights Issue Record Date?
The Record date is 11 February 2026
How to Apply in Stallion India Rights Offer?
The best way to apply in Stallion India Rights Offer is through Internet banking ASBA. You can also apply online through your stock broker using UPI. If you prefer to make paper applications, fill up an application Form form and deposit the same to your broker.