Faalcon Concepts IPO will open for subscription from 19 April 2024. The company aims for an issue size of ₹12.09 Cr through this IPO.
Company Overview
| Full name | Faalcon Concepts Limited |
| Sector | Infrastructure |
| Industry | Engineering – Construction |
| Company Website | https://faalcon.in/ |
About Company
Established in 2018, Faalcon Concepts specializes in designing, engineering, fabricating, and installing façade systems. The company is dedicated to providing tailored solutions to its clients’ needs for façade installation in intricate projects. Faalcon Concepts excels in the development of technically demanding facades.
The company’s product portfolio includes a variety of offerings such as glazing/curtain walls, high-end aluminum doors & windows, skylights, canopies, frameless glazing, MS structures, stone cladding, metal cladding, roofing, and more. Faalcon Concepts prioritizes providing façades resistant to UV rays, acidic rain, dust, noise, and other environmental factors.
The company has served its customer base across various states including Haryana, Uttar Pradesh, Rajasthan, Madhya Pradesh, Karnataka, Gujarat, Punjab, and Delhi. Additionally, the company exports façade-related materials such as glass, aluminum, Aluminum Composite Panel (ACP), High-Pressure Laminate (HPL), silicon, and fasteners to its international clients located in TOGO, West Africa, and GHANA, West Africa.
The company’s esteemed clientele comprises Espirit Techno Consultant Pvt. Ltd, Galaxy Magnum Infra Height Limited, Babbar Films, Maconns Infra Pvt. Ltd, Silvers Stone Regency Pvt. Ltd., St. Xavier School Gurgaon High School, among others. As of 23 December 2023, the company employed 26 individuals.
The Objectives of the Issue
- To finance the Capital Expenditure for the purchase of facade Structural Equipments;
- To part finance the requirement of Working Capital; and
- To meet General corporate purposes.
Faalcon Concepts IPO Timetable
| IPO Opening date | 19 April 2024 |
| IPO Closing | 23 April 2024 |
| Basis of Allotment | 24 April 2024 |
| Initiation Refund | 25 April 2024 |
| Credit to Demat Account | 25 April 2024 |
| Listing Date | 26 April 2024 |
Faalcon Concepts IPO details
| Issue type | Fixed Price Issue IPO |
| IPO issue size | ₹12.09 Cr – 1,950,000 shares |
| Fresh Issue | ₹12.09 Cr – 1,950,000 shares |
| Offer for sale | Nil |
| Face value | ₹10 per share |
| Offer Price | ₹62 per share |
| Lot size | 2000 Shares |
| Market Maker portion | 98,000 shares |
| Shareholding pre-issue | 4,880,120 |
| Shareholding post-issue | 6,830,120 |
| Listing Exchange | BSE SME |
Faalcon Concepts IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 2000 | ₹124,000 |
| Retail (Max) | 1 | 2000 | ₹124,000 |
| HNI (Min) | 2 | 4,000 | ₹248,000 |
Faalcon Concepts IPO Reservation Details
| Retail Shares Offered | 50% |
| Other Shares Offered | 50% |
Faalcon Concepts Financial Performance
| FY 2021 | FY 2022 | FY 2023 | 7M FY 2024 | |
| Revenue | 5.02 | 18.41 | 13.15 | 12.47 |
| Expenses | 4.85 | 17.20 | 10.85 | 10.70 |
| Net income | 0.12 | 0.98 | 1.80 | 1.32 |
Faalcon Concepts Valuations & Margins
| FY 2021 | FY 2022 | FY 2023 | |
| EPS | 0.25 | 2.01 | 3.69 |
| PE ratio | – | – | 16.80 |
| RONW (%) | 55.51 | 75.80 | 54.81 |
| NAV | 0.46 | 2.66 | 6.73 |
| ROCE (%) | – | 102.90 | 71.75 |
| EBITDA (%) | 3.79 | 6.97 | 19.32 |
| Debt/Equity | – | – | 0.58 |
Company Promoters
- Mrs. Ekta Seth
- Mr. Tribhuvan Seth
- Mr. Prithvi Seth
Promoter Holding
| Pre Issue Share Holding | 91.76% |
| Post Issue Share Holding | 65.56% |
Faalcon Concepts IPO Lead Manager(s)
NAVIGANT CORPORATE ADVISORS LIMITED
804, Meadows, Sahar Plaza Complex, J B Nagar,
Andheri Kurla Road, Andheri East, Mumbai-400 059
Phone: +91-22-41204837
Email: navigant@navigantcorp.com
Website: www.navigantcorp.com
Faalcon Concepts IPO Registrar
BEETAL FINANCIAL & COMPUTER SERVICES (P) LIMITED
3rd Floor, Beetal House, 99,
behind Local Shopping Centre, Madangir
Village, Madangir, New Delhi, Delhi 110062
Tel: 011-2996 128 011-29961281-83/26051061/26051064
E-mail: beetal@beetalfinancial.com / beetalrta@gmail.com
Website: www.beetalfinancial.com
Faalcon Concepts Contact Details
FAALCON CONCEPTS LIMITED
N-75 Ground Floor Mayfield Garden,
Sector-51NA, Gurgaon Haryana 122018
Phone: +91-124-4383074
E-mail: info@faalcon.in
Website: www.faalcon.in
Faalcon Concepts IPO Allotment Status
Faalcon Concepts IPO allotment status will be available on the Beetal Financial & Computer Services website. Click on this link to get allotment status.
Final thoughts
Faalcon Concepts IPO is going to hit Dalal Street soon. applying for an IPO is purely a personal choice. study well about the company and subscribe if you are feeling good about the company. I hope this post will give you enough details to research the company fundamentally. learn well and make wise decisions.
Happy Investing
