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Founded in 2014, Falcon Technoprojects India Limited provides mechanical, electrical, and plumbing (MEP) services across a range of sectors in India, such as petroleum refineries, housing estates, nuclear power, and construction.
Their MEP services cover designing, selecting and installing integrated systems. This includes air conditioning, power and lighting, water supply and drainage, fire protection and extinguishing systems, and telephone installations.
Falcon Technoprojects IPO Overview
Falcon Technoprojects IPO aims to raise ₹13.69 crores in total. The issue is entirely a fresh issue. The price band for IPO is set at ₹92 per share.
Falcon’s IPO will be open for subscription from 19 June to 21 June 2024. Share allotment is expected by June 24, 2024, and the shares are set to be listed on the NSE SME segment by June 26, 2024.
Bharat Shreekishan Parihar and Sheetal Bharat Parihar currently hold 84.20% ownership. However, promoter holding will diluted after the listing. Kfin Technologies Limited will act as the registrar for the Falcon Technoprojects IPO.
Falcon Technoprojects IPO GMP
As of 15 June 2024, Falcon Technoprojects IPO has a Grey Market Premium or GMP of ₹0. With the upper price band set at ₹92, the estimated listing price is ₹92 (Upper price band + today’s GMP) indicating an expected gain of 0% per share.
Stay tuned with Trade Target for daily updates on Falcon Technoprojects IPO GMP and expected listing price.
- Date: 25 – June – 2024
- Falcon Technoprojects GMP: ₹0 (0%)
- Date: 24 – June – 2024
- Falcon Technoprojects GMP: ₹0 (0%)
- Date: 23 – June – 2024
- Falcon Technoprojects GMP: ₹0 (0%)
- Date: 22 – June – 2024
- Falcon Technoprojects GMP: ₹2 (2.17%)
- Date: 21 – June – 2024
- Falcon Technoprojects GMP: ₹10 (10.87%)
- Date: 20 – June – 2024
- Falcon Technoprojects GMP: ₹33 (35.87%)
- Date: 19 – June – 2024
- Falcon Technoprojects GMP: ₹23 (25%)
- Date: 18 – June – 2024
- Falcon Technoprojects GMP: ₹8 (8.7%)
- Date: 17 – June – 2024
- Falcon Technoprojects GMP: ₹0 (0%)
- Date: 16 – June – 2024
- Falcon Technoprojects GMP: ₹0 (0%)
- Date: 15 – June – 2024
- Falcon Technoprojects GMP: ₹0 (0%)
How can one apply for Falcon Technoprojects IPO?
For retail investors minimum investment starts with 1 lot including 1200 shares, at a cost of ₹110,400 and this is the maximum limit for retail investors.
For High Net worth Individuals (HNIs) minimum investment is set at 2 lots, translating to 2,400 shares and costing ₹220,800.
| Application | Lots | Shares | Amount |
|---|---|---|---|
|
Retail (Min) |
1 |
1200 |
₹110,400
|
|
Retail (Max) |
1 |
1200 |
₹110,400
|
|
S-HNI (Min) |
2 |
2400 |
₹220,800
|
Falcon Technoprojects IPO Financial
Falcon Technoprojects has shown a steady performance in recent years. The company reported a Profit After Tax (PAT) of ₹86.98 lakhs on March 31, 2024 compared to ₹103.92 lakhs on March 31, 2023 and ₹102.76 lakhs on March 31, 2022.
| Period Ended | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
|---|---|---|---|
|
Assets in (₹ Lakhs) |
2,143.72
|
2,183.61
|
2,179.53
|
|
Revenue (₹ Lakhs) |
1,036.62
|
1,656.59
|
2,290.07
|
|
PAT (₹ Lakhs)
|
86.98
|
103.92
|
102.76
|
|
Total Borrowing (₹ Lakhs)
|
781.04
|
1,232.02
|
962.81
|
Falcon Technoprojects IPO Quota allocation
- Retail Investors: 50% of the net issue
- Other Investors: 50% of the net issue
Expected Listing Date for Falcon Technoprojects IPO
- Subscription Period: 19 June 2024 to 21 June 2024
- Basis of Allotment Finalization: 24 June 2024
- Initiation of Refunds: 25 June 2024
- Demat Credits: 25 June 2024
- Listing Date: 26 June 2024
- Listing on: NSE SME
