Falcon Technoprojects India Limited IPO Detail
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.
Company Promoters
Bharat Shreekishan Parihar and Sheetal Bharat PariharIPO Details
| IPO Opening Date | Jun 19, 2024 |
| IPO Closing Date | Jun 21, 2024 |
| Issue Type | Fixed Price Issue IPO |
| Face Value | ₹10 per equity share |
| IPO Price | ₹92 per equity share |
| Market Lot | 1200 Shares |
| Min Order Quantity | 1200 Shares |
| Listing At | NSE SME |
| Issue Size | ₹13.69 Cr |
| Fresh Issue | ₹13.69 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 | 0.51x | 4.01x | 2.26x |
| Day 2 | 0.00x | 0.00x | 0.00x | 1.65x | 12.49x | 7.07x |
| Day 3 | 0.00x | 0.00x | 0.00x | 45.02x | 82.72x | 65.32x |
IPO Tentative Timetable
The Falcon Technoprojects India Limited IPO open date is Jun 19, 2024, and the close date is Jun 21, 2024. The issue may list on Jun 26, 2024.
| IPO Open Date | Jun 19, 2024 |
| IPO Close Date | Jun 21, 2024 |
| Basis of Allotment Date | Jun 24, 2024 |
| Initiation of Refunds | Jun 25, 2024 |
| Credit of Shares to Demat Account | Jun 25, 2024 |
| IPO Listing Date | Jun 26, 2024 |
IPO Lot Size
The Falcon Technoprojects India Limited IPO market lot size is 1200 shares. A retail-individual investor can apply for up to 1 lots (1200 shares or ₹110400).
| Application | Lots | Shares | Amount (Cut-off) |
|---|---|---|---|
| Minimum | 1 | 1200 | ₹110400 |
| Maximum | 1 | 1200 | ₹110400 |
IPO Promoter Holding
| Pre Issue Share Holding | 84.20% |
| Post Issue Share Holding |
Company Financials:
For the year/period ended (₹ in Lakhs)
| Financial Year | Total Assets | Total Revenue | Profit After Tax |
|---|---|---|---|
| 31-Mar-21 | 1720.12 | 946.35 | 29.60 |
| 31-Mar-22 | 2179.53 | 2290.07 | 102.76 |
| 31-Dec-23 | 2183.61 | 1656.59 | 103.92 |
| 31-Jan-24 | 2143.72 | 1036.62 | 86.98 |
Objects of the Issue:
The company proposes to utilize the funds that are being raised through this Issue:
- Working Capital Requirements of the company; and
- General Corporate Purposes
Falcon Technoprojects India Limited IPO Registrar:
KFin Technologies Limited
Falcon Technoprojects India Limited IPO Lead Manager(s):
Kunvarji Finstock Pvt Ltd
Company Contact Information:
Falcon Technoprojects India Limited
Unit No. 17/18, 1st Floor, Keshav Building,
Vasudev Sky High Complex, Beverly Park,
Mira Road East - 401107
