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Falcon Technoprojects India IPO is a fixed price issue of Rs 13.69 crores. The issue is entirely a fresh issue of 14.88 lakh shares.
Falcon Technoprojects India IPO bidding started from June 19, 2024 and ended on June 21, 2024. The allotment for Falcon Technoprojects India IPO was finalized on Monday, June 24, 2024. The shares got listed on NSE SME on June 26, 2024.
Falcon Technoprojects India IPO price is ₹92 per share. The minimum lot size for an application is 1200 Shares. The minimum amount of investment required by retail investors is ₹110,400. The minimum lot size investment for HNI is 2 lots (2,400 shares) amounting to ₹220,800.
Kunvarji Finstock Pvt Ltd is the book running lead manager of the Falcon Technoprojects India IPO, while Kfin Technologies Limited is the registrar for the issue. The market maker for Falcon Technoprojects India IPO is Nikunj Stock Brokers.
Refer to Falcon Technoprojects India IPO RHP for detailed information.
| IPO Date | June 19, 2024 to June 21, 2024 |
| Listing Date | June 26, 2024 |
| Face Value | ₹10 per share |
| Price | ₹92 per share |
| Lot Size | 1200 Shares |
| Total Issue Size | 1,488,000 shares (aggregating up to ₹13.69 Cr) |
| Fresh Issue | 1,488,000 shares (aggregating up to ₹13.69 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | NSE SME |
| Share holding pre issue | 3,868,793 |
| Share holding post issue | 5,356,793 |
| Market Maker portion | 74,400 shares Nikunj Stock Brokers |
Falcon Technoprojects India IPO offers 1,488,000 shares. 706,800 (47.50%) to NII, 706,800 (47.50%) to RII.
| 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 IPO opens on June 19, 2024, and closes on June 21, 2024.
| IPO Open Date | Wednesday, June 19, 2024 |
| IPO Close Date | Friday, June 21, 2024 |
| Basis of Allotment | Monday, June 24, 2024 |
| Initiation of Refunds | Tuesday, June 25, 2024 |
| Credit of Shares to Demat | Tuesday, June 25, 2024 |
| Listing Date | Wednesday, June 26, 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on June 21, 2024 |
Investors can bid for a minimum of 1200 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1200 | ₹110,400 |
| Retail (Max) | 1 | 1200 | ₹110,400 |
| HNI (Min) | 2 | 2,400 | ₹220,800 |
| Lot Size Calculator | |||
Bharat Shreekishan Parihar and Sheetal Bharat Parihar are the promoters of the company.
| Share Holding Pre Issue | 84.20% |
| Share Holding Post Issue |
Established in 2014, Falcon Technoprojects India Limited provides mechanical, electrical and plumbing services to its clients across India and operates in various sectors such as petroleum refineries, housing estates, nuclear power, construction, etc.
The company offers mechanical, electrical and plumbing (MEP) services. These services include the design, selection and installation of integrated mechanical, electrical and plumbing systems. This includes the installation of air conditioning, power and lighting systems, water supply and drainage, fire protection and fire extinguishing systems and telephones.
On January 31, 2024, the company had a total of 24 employees.
| Period Ended | 31 Jan 2024 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
| Assets | 2,143.72 | 2,183.61 | 2,179.53 | 1,720.12 |
| Revenue | 1,036.62 | 1,656.59 | 2,290.07 | 946.35 |
| Profit After Tax | 86.98 | 103.92 | 102.76 | 29.60 |
| Net Worth | 898.75 | 334.47 | 230.56 | 127.79 |
| Reserves and Surplus | 511.87 | 284.47 | 180.56 | 77.79 |
| Total Borrowing | 781.04 | 1,232.02 | 962.81 | 729.75 |
| Amount in ₹ Lakhs | ||||
The market capitalization of Falcon Technoprojects India IPO is Rs 49.28 Cr.
KPI as of January 31, 2024.
| KPI | Values |
|---|---|
| ROE | 9.68% |
| ROCE | 11.54% |
| RoNW | 9.68% |
| P/BV | 3.96 |
| PAT Margin (%) | 8.39 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (Rs) | 2.69 | 1.95 |
| P/E (x) | 34.25 | 47.22 |
The company proposes to utilize the funds that are being raised through this Issue:
[Dilip Davda] The company is providing mechanical, electrical and plumbing services. These segments are highly competitive and fragmented. The company posted inconsistency in its top and bottom lines for the reported periods. Tiny post-IPO equity base indicates longer gestation for migration to mainboard. Based on FY24 annualized earnings, the issue appears exorbitantly priced. There is no harm in skipping this risky bet. Read detail review...
The Falcon Technoprojects India IPO is subscribed 65.32 times on June 21, 2024 6:19:56 PM. The public issue subscribed 82.72 times in the retail category, times in the QIB category, and 45.02 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) |
|---|---|
| Other | 45.02 |
| Retail | 82.72 |
| Total | 65.32 |
Total Application : 48,723 (82.72 times)
| Listing Date | June 26, 2024 |
| BSE Script Code | |
| NSE Symbol | FALCONTECH |
| ISIN | INE0PQK01013 |
| Final Issue Price | ₹92 per share |
| Price Details |
|---|
| Final Issue Price |
| Open |
| Low |
| High |
| Last Trade |
| NSE SME |
|---|
| ₹92.00 |
| ₹84.00 |
| ₹82.00 |
| ₹88.20 |
| ₹88.20 |
Falcon Technoprojects India Limited
Unit No. 17/18, 1st Floor, Keshav Building,
Vasudev Sky High Complex, Beverly Park,
Mira Road East - 401107
Phone: +91 22 3512 9249
Email: cs@falcontechnoprojects.com
Website: http://www.falcongroupindia.com/
Kfin Technologies Limited
Phone: 04067162222, 04079611000
Email: ftil.ipo@kfintech.com
Website: https://kosmic.kfintech.com/ipostatus/
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Falcon Technoprojects India IPO is a SME IPO of 1,488,000 equity shares of the face value of ₹10 aggregating up to ₹13.69 Crores. The issue is priced at ₹92 per share. The minimum order quantity is 1200 Shares.
The IPO opens on June 19, 2024, and closes on June 21, 2024.
Kfin Technologies Limited is the registrar for the IPO. The shares are proposed to be listed on NSE SME.
Zerodha customers can apply online in Falcon Technoprojects India IPO using UPI as a payment gateway. Zerodha customers can apply in Falcon Technoprojects India IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Falcon Technoprojects India IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Falcon Technoprojects India IPO opens on June 19, 2024 and closes on June 21, 2024.
Falcon Technoprojects India IPO lot size is 1200 Shares, and the minimum amount required is ₹110,400.
You can apply in Falcon Technoprojects India IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.
The finalization of Basis of Allotment for Falcon Technoprojects India IPO will be done on Monday, June 24, 2024, and the allotted shares will be credited to your demat account by Tuesday, June 25, 2024. Check the Falcon Technoprojects India IPO allotment status.
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