Falcon Technoprojects India IPO

Falcon Technoprojects India IPO will open for subscription from 19 June 2024. The company aims for an issue size of ₹13.69 Cr through this IPO.

Company Overview

Full nameFalcon Technoprojects India Limited
IndustryEngineering Consultancy
Company Websitehttps://www.falcongroupindia.com/

About Company

Established in 2014, Falcon Technoprojects India provides mechanical, electrical, and plumbing (MEP) services to its clients across India and operates in various sectors such as petroleum refineries, housing estates, nuclear power, construction, etc. Mechanical, Electrical, and Plumbing (MEP) services encompass the essential installations that ensure comfortable and functional spaces for building occupants. These services focus on the design, selection, and integration of mechanical, electrical, and plumbing systems. This includes the installation of air-conditioning units, power and lighting networks, water supply and drainage systems, fire prevention and suppression systems, and telecommunication lines.

Among its notable clients are Mumbai International Airport, L&T, BPCL, HPCL, Lodha Developers, Reliance Industries Limited, and the Shapoorji Pallonji Group. Falcon Technoprojects India has successfully delivered over 145 projects to more than 50 clients across 17 states in India. Over the last three fiscal years, the company has completed contracts valued at more than INR 40 crore.

The Objectives of the Issue

  • Working Capital Requirements of the company.
  • General Corporate Purposes.

Falcon Technoprojects India IPO Timetable

IPO Opening date19 June 2024
IPO Closing21 June 2024
Basis of Allotment24 June 2024
Initiation Refund25 June 2024
Credit to Demat Account25 June 2024
Listing Date26 June 2024
(Cut-off time for UPI mandate confirmation – 5 PM on June 21, 2024)

Falcon Technoprojects India IPO details

Issue typeFixed Price Issue IPO
IPO issue size₹13.69 Cr – 1,488,000 shares
Fresh Issue₹13.69 Cr – 1,488,000 shares
Offer for saleNil
Face value₹10 per share
Offer Price₹92 per share
Lot size1200 Shares
Market Maker portion74,400 shares
Shareholding pre-issue3,868,793
Shareholding post-issue5,356,793
Listing ExchangeNSE SME

Falcon Technoprojects India IPO Lot Size

Retail (Min)11200₹110,400
Retail (Max)11200₹110,400
HNI (Min)22,400₹220,800

Falcon Technoprojects India Offer Documents

Falcon Technoprojects India IPO Reservation Details

Investor CategoryShares Offered
Anchor Investor Shares Offered
Market Maker Shares Offered74,400 (5.00%)
Other Shares Offered706,800 (47.50%)
Retail Shares Offered706,800 (47.50%)
Total Shares Offered1,488,000 (100%)

Falcon Technoprojects India Financial Performance

 FY 2021FY 2022FY 202310M FY 2024
Net income0.301.031.040.87
(Amount in ₹ Crores)

Falcon Technoprojects India Valuations & Margins

FY 2021FY 2022FY 2023
PE ratio29.68
RONW (%)31.0744.5723.16
ROCE (%)11.4218.0315.24
EBITDA (%)10.809.4614.44

Company Promoters

  • Bharat Shreekishan Parihar
  • Sheetal Bharat Parihar

Promoter Holding

Pre Issue Share Holding84.20%
Post Issue Share Holding

Falcon Technoprojects India Offer GMP Update

DateConsolidated IPO GMPKostakSubject to Sauda
25 June 20242510,000
24 June 20242021,000
22 June 20243238,000
21 June 20243032,000
20 June 20241514,700
19 June 202486,000

Falcon Technoprojects India Offer Subscription Update

Shares Offered7,06,8007,06,80014,13,600
21 Jun 202444.8880.7562.82
20 Jun 20241.7612.216.98
19 Jun 20240.493.812.15
(The market maker reservation portion of 74,400 shares is not included)

Falcon Technoprojects India IPO Allotment Status

Falcon Technoprojects IPO allotment status is now available on the KFin Tech website. Click on this link to get allotment status.

Falcon Technoprojects India IPO Listing Details

Listing Date
BSE Scrip Code
NSE Symbol
Final Issue Price

Falcon Technoprojects India IPO Listing Day Update

Listing Exchange
Final Issue Price
Last Trade

Falcon Technoprojects India IPO Lead Manager(s)

Block B, First Floor, Siddhi Vinayak Towers, Off S. G.
Highway Road, Mouje Makarba, Ahmedabad – 380051
Phone: 022 – 69850000 / 079- 66669000
Email: mb.compliances@kunvarji.com
Website: www.kunvarji.com

Falcon Technoprojects India Registrar

Selenium Tower – B, Plot 31 & 32, Gachibowli,
Financial District, Nanakramguda, Serilingampally,
Hyderabad – 500 032, Telangana
Tel: +91 40 6716 2222
E-mail: ftil.ipo@kfintech.com
Website: www.kfintech.com

Falcon Technoprojects India Contact Details

Unit No. 17/18, 1st Floor, Keshav Building, Vasudev Sky High
Complex, Beverly Park, Mira Road (E), Maharashtra – 401107
Phone: +91 22 3512 9249
E-mail: cs@falcontechnoprojects.com
Website: www.falcongroupindia.com

Falcon Technoprojects India IPO FAQs

What is the Falcon Technoproject’s offer size?

Falcon Technoproject’s offer size is ₹ 13.69 crores.

What is the Falcon Technoprojects offer price band?

Falcon Technoproject’s public offer price is ₹ 92 per share.

What is the lot size of the Falcon Technoprojects Offer?

Falcon Technoprojects offers lot size of 1,200 shares.

What is Falcon Technoprojects IPO GMP today?

Falcon Technoprojects IPO GMP today is ₹ 12 per share.

What is the Falcon Technoprojects kostak rate today?

Falcon Technoprojects’ kostak rate today is ₹ NA per application.

What are Falcon Technoprojects Subject to the Sauda rate today?

Falcon Technoprojects is Subject to the Sauda rate today, which is ₹ 10,000 per application.

Final thoughts

Falcon Technoprojects India IPO is going to hit Dalal Street soon. applying for an IPO is purely a personal choice. Study the company well and subscribe if you feel good about it. I hope this post will give you enough details to research the company fundamentally. learn well and make wise decisions.

Happy Investing

Leave a Comment

Your email address will not be published. Required fields are marked *