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 name | Falcon Technoprojects India Limited |
| Sector | Other |
| Industry | Engineering Consultancy |
| Company Website | https://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 date | 19 June 2024 |
| IPO Closing | 21 June 2024 |
| Basis of Allotment | 24 June 2024 |
| Initiation Refund | 25 June 2024 |
| Credit to Demat Account | 25 June 2024 |
| Listing Date | 26 June 2024 |
Falcon Technoprojects India IPO details
| Issue type | Fixed Price Issue IPO |
| IPO issue size | ₹13.69 Cr – 1,488,000 shares |
| Fresh Issue | ₹13.69 Cr – 1,488,000 shares |
| Offer for sale | Nil |
| Face value | ₹10 per share |
| Offer Price | ₹92 per share |
| Lot size | 1200 Shares |
| Market Maker portion | 74,400 shares |
| Shareholding pre-issue | 3,868,793 |
| Shareholding post-issue | 5,356,793 |
| Listing Exchange | NSE SME |
Falcon Technoprojects India IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1200 | ₹110,400 |
| Retail (Max) | 1 | 1200 | ₹110,400 |
| HNI (Min) | 2 | 2,400 | ₹220,800 |
Falcon Technoprojects India Offer Documents
Falcon Technoprojects India IPO Reservation Details
| Investor Category | Shares Offered |
|---|---|
| Anchor Investor Shares Offered | – |
| Market Maker Shares Offered | 74,400 (5.00%) |
| Other Shares Offered | 706,800 (47.50%) |
| Retail Shares Offered | 706,800 (47.50%) |
| Total Shares Offered | 1,488,000 (100%) |
Falcon Technoprojects India Financial Performance
| FY 2021 | FY 2022 | FY 2023 | 10M FY 2024 | |
| Revenue | 9.43 | 22.86 | 16.54 | 10.34 |
| Expenses | 9.05 | 21.51 | 15.17 | 9.11 |
| Net income | 0.30 | 1.03 | 1.04 | 0.87 |
Falcon Technoprojects India Valuations & Margins
| FY 2021 | FY 2022 | FY 2023 | |
| EPS | 0.88 | 3.07 | 3.10 |
| PE ratio | – | – | 29.68 |
| RONW (%) | 31.07 | 44.57 | 23.16 |
| NAV | 25.56 | 46.11 | 66.89 |
| ROCE (%) | 11.42 | 18.03 | 15.24 |
| EBITDA (%) | 10.80 | 9.46 | 14.44 |
| Debt/Equity | 5.71 | 4.18 | 3.68 |
Company Promoters
- Bharat Shreekishan Parihar
- Sheetal Bharat Parihar
Promoter Holding
| Pre Issue Share Holding | 84.20% |
| Post Issue Share Holding |
Falcon Technoprojects India Offer GMP Update
| Date | Consolidated IPO GMP | Kostak | Subject to Sauda |
| 25 June 2024 | 25 | – | 10,000 |
| 24 June 2024 | 20 | – | 21,000 |
| 22 June 2024 | 32 | – | 38,000 |
| 21 June 2024 | 30 | – | 32,000 |
| 20 June 2024 | 15 | – | 14,700 |
| 19 June 2024 | 8 | – | 6,000 |
Falcon Technoprojects India Offer Subscription Update
| Category | Non-retail | Retail | Total |
|---|---|---|---|
| Shares Offered | 7,06,800 | 7,06,800 | 14,13,600 |
| 21 Jun 2024 | 44.88 | 80.75 | 62.82 |
| 20 Jun 2024 | 1.76 | 12.21 | 6.98 |
| 19 Jun 2024 | 0.49 | 3.81 | 2.15 |
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
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Falcon Technoprojects India IPO Listing Day Update
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Falcon Technoprojects India IPO Lead Manager(s)
KUNVARJI FINSTOCK PRIVATE LIMITED
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
KFIN TECHNOLOGIES LIMITED
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
FALCON TECHNOPROJECTS INDIA LIMITED
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
