Faalcon Concepts Limited IPO Detail
Faalcon Concepts Limited was founded in 2018 and deals with the planning, design, fabrication, and installation of façade systems.
The company offers facades that are resistant to UV rays, acid rain, dust, noise, and other influences. Faalcon Concepts' product portfolio includes glazing/curtain walls, aluminum doors and windows, skylights, canopies, frameless glazing, MS structures, stone cladding, metal cladding, roofing, and others.
The company's customer list includes companies like Espirit Techno Consultant Pvt. Ltd, Galaxy Magnum Infra Height Limited, Babbar Films, Maconns Infra Pvt. Ltd, Silvers 107 Stone Regency Pvt. Ltd, St Xavier School Gurgaon High School etc. The company has catered to its customers in various states like Haryana, Uttar Pradesh, Rajasthan, Madhya Pradesh, Karnataka, Gujrat, Punjab, Delhi and overseas.
As of December 23, 2023, the company had a total of 26 employees.
Company Promoters
Mrs. Ekta Seth, Mr. Tribhuvan Seth, and Mr. Prithvi SethIPO Details
| IPO Opening Date | Apr 19, 2024 |
| IPO Closing Date | Apr 23, 2024 |
| Issue Type | Fixed Price Issue IPO |
| Face Value | ₹10 per equity share |
| IPO Price | ₹62 per equity share |
| Market Lot | 2000 Shares |
| Min Order Quantity | 2000 Shares |
| Listing At | BSE SME |
| Issue Size | ₹12.09 Cr |
| Fresh Issue | ₹12.09 Cr |
| Offer for Sale | - |
| Retail Portion | 50% |
IPO Subscription (Bidding Detail)
| AS On | QIB | SHNI | BHNI | NII | RII | TOTAL |
|---|---|---|---|---|---|---|
| Day 1 | 0.00x | 0.00x | 0.00x | 0.56x | 2.63x | 1.60x |
| Day 2 | 0.00x | 0.00x | 0.00x | 1.88x | 12.14x | 7.02x |
| Day 3 | 0.00x | 0.00x | 0.00x | 93.27x | 47.17x | 71.28x |
IPO Tentative Timetable
The Faalcon Concepts Limited IPO open date is Apr 19, 2024, and the close date is Apr 23, 2024. The issue may list on Apr 26, 2024.
| IPO Open Date | Apr 19, 2024 |
| IPO Close Date | Apr 23, 2024 |
| Basis of Allotment Date | Apr 24, 2024 |
| Initiation of Refunds | Apr 25, 2024 |
| Credit of Shares to Demat Account | Apr 25, 2024 |
| IPO Listing Date | Apr 26, 2024 |
IPO Lot Size
The Faalcon Concepts Limited IPO market lot size is 2000 shares. A retail-individual investor can apply for up to 1 lots (2000 shares or ₹124000).
| Application | Lots | Shares | Amount (Cut-off) |
|---|---|---|---|
| Minimum | 1 | 2000 | ₹124000 |
| Maximum | 1 | 2000 | ₹124000 |
IPO Promoter Holding
| Pre Issue Share Holding | 91.76% |
| Post Issue Share Holding | 65.56% |
Company Financials:
For the year/period ended (₹ in Lakhs)
| Financial Year | Total Assets | Total Revenue | Profit After Tax |
|---|---|---|---|
| 31-Mar-21 | 553.85 | 502.21 | 12.34 |
| 31-Mar-22 | 916.77 | 1852.93 | 97.79 |
| 31-Mar-23 | 1292.64 | 1324.81 | 179.52 |
| 31-Oct-23 | 1417.67 | 1249.11 | 131.82 |
Objects of the Issue:
The company intends to utilize the net proceeds from the issue towards the funding of the following objects:
- 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 Limited IPO Registrar:
Beetal Financial & Computer Services (P) Limited
Faalcon Concepts Limited IPO Lead Manager(s):
Navigant Corporate Advisors Ltd
Company Contact Information:
Faalcon Concepts Limited
N-75 Ground Floor Mayfield Garden,
Sector-51NA
Gurgaon - 122018
