falcon ipo

Falcon Technoprojects IPO

Closed RHP

Listing Details

  • Listing Exchange NSE SME
  • Listing Date 26-Jun-24
  • IPO Price Range ₹ 92
  • Listing Price ₹ 84
  • Listing Change -8.7%
  • Last Traded Price ₹ 70.75
  • Current Change -23.1%

Falcon IPO Details

  • Open Date 19-Jun-24
  • Close Date 21-Jun-24
  • Lot Size 1200
  • IPO Size ₹ 13.69 Cr
  • IPO Price Range ₹ 92
  • Min Investment ₹ 110,400
  • Listing Exchange NSE SME
  • Basis of Allotment 24-Jun-24
  • Refunds 25-Jun-24
  • Credit to Demat Account 25-Jun-24
  • Listing Date 26-Jun-24

Falcon Technoprojects IPO Subscription Status

Date QIB NII Retail TOTAL
19-Jun-24 - 0.51 4.01 2.26
20-Jun-24 - 1.65 12.40 7.02
21-Jun-24 - 44.78 80.65 64.16

Falcon IPO Synopsis

Last Updated: 21st June, 2024 by 5paisa

Falcon Technoprojects India Limited IPO is all set to open from 19th June to 21st June 2024. The company is engaged in the business of providing Mechanical, Electrical and Plumbing (MEP). The IPO includes a fresh issue of 1,488,000 shares worth ₹13.69 cr. The share allotment date is 24th June 2024, and the IPO will be listed on 26th June 2024 on the stock exchanges. The price band is ₹92 and the lot size is 1200 shares.    

Kunvarji Finstock Private Limited is the book-running lead manager for this IPO, while Kfin Technologies Limited is the registrar. 

Objectives of Falcon Technoprojects IPO

Falcon Technoprojects India Limited plans to utilize the raised capital from the IPO to:
●    To fund the working capital requirement.
●    General corporate purposes. 
 

About Falcon Technoprojects

Established in 2010, Falcon Technoprojects India is engaged in the business of providing Mechanical, Electrical and Plumbing (MEP) for various sectors such as Petroleum Refineries, Residential Townships, Atomic Energy, Civil Construction, etc. PAN India. 

It also has ISO 9001:2015 certification. 

Peer Comparison

No listed peers.

For More Information:
Webstory on Falcon Technoprojects India IPO

Profit and Loss

Balance Sheet

Particulars (in Rs. Crores) FY23 FY22 FY21
Revenue from operations 16.53 22.86 9.43
EBITDA 2.38 2.16 1.01
PAT 1.03 1.02 0.29
Particulars (in Rs. Crores) FY23 FY22 FY21
Total Assets  21.83 21.79 17.20
Share Capital 0.50 0.50 0.50
Total Borrowings 18.49 19.48 15.92
Particulars (in Rs. Crores) FY23 FY22 FY21
Net cash generated from / (used in) operating activities -0.68 -1.53 3.15
Net cash from / (used in) investing activities -0.013 - -2.51
Net cash flow from / (used in) financing activities 0.69 1.66 -0.70
Net increase (decrease) in cash and cash equivalents 0.0075 0.12 -0.058


Falcon IPO Key Points

  • Strengths

    1.    The company has strong project management and execution capabilities. 
    2.    The company has long-standing relations with customers and focuses on acquiring new customers. 
    3.    Managing diverse business operations amidst growing demand.
    4.    It has technology at the forefront of the current and future business.
    5.    Experienced promoters and management team.
     

  • Risks

    1.    The company operates in a competitive environment.
    2.    There is Pricing pressure from customers.
    3.    High working capital requirements. 
    4.    It has reported negative cash flow in the past. 
     

How to apply for IPO?

  • Login to your 5paisa account and select the issue in the current IPO section

  • Enter the number of lots and price at which you wish to apply for

  • Enter your UPI ID and click on submit. With this, your bid will be placed with the exchange

  • You will receive a mandate notification to block funds in your UPI app

  • Approve the mandate request on your UPI and funds will be blocked

Falcon IPO FAQs

When does Falcon Technoprojects IPO issue open and close?

Falcon Technoprojects IPO opens from 19th June to 21st June 2024.
 

What is the size of Falcon Technoprojects IPO?

The size of Falcon Technoprojects IPO is ₹13.69 cr. 
 

How to apply for Falcon Technoprojects IPO?

To apply for Falcon Technoprojects IPO, follow the steps given below:

●    Login to your 5paisa account and select the issue in the current IPO section    
●    Enter the number of lots and the price at which you wish to apply for Falcon Technoprojects IPO.    
●    Enter your UPI ID and click on submit. With this, your bid will be placed with the exchange.    
You will receive a mandate notification to block funds in your UPI app.
 

What is the price band of Falcon Technoprojects IPO?

The price band of Falcon Technoprojects IPO is fixed at ₹92 per share. 
 

What is the minimum lot size and investment required for Falcon Technoprojects IPO?

The minimum lot size of Falcon Technoprojects IPO is 1200 shares and the investment required is ₹1,10,400.

What is the allotment date of Falcon Technoprojects IPO?

The share allotment date of Falcon Technoprojects IPO is 24th June 2024.
 

What is Falcon Technoprojects IPO listing date?

The Falcon Technoprojects IPO will be listed on 26th June 2024.
 

Who are the book runners for Falcon Technoprojects IPO?

Kunvarji Finstock Private Limited is the book-running lead manager for Falcon Technoprojects IPO.
 

What is the objective of Falcon Technoprojects IPO?

Falcon Technoprojects plans to utilize the raised capital from the IPO to:

●    To fund the working capital requirement.
●    General corporate purposes. 
 

Contact Details of Falcon Technoprojects IPO

Contact Information

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/

Falcon Technoprojects IPO Register

Kfin Technologies Limited

Phone: 04067162222, 04079611000
Email: ftil.ipo@kfintech.com
Website: https://kosmic.kfintech.com/ipostatus/

Falcon Technoprojects IPO Lead Manager

Kunvarji Finstock Pvt Ltd

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