Faalcon Concepts IPO is a fixed price issue of Rs 12.09 crores. The issue is entirely a fresh issue of 19.5 lakh shares.
Faalcon Concepts IPO opens for subscription on April 19, 2024 and closes on April 23, 2024. The allotment for the Faalcon Concepts IPO is expected to be finalized on Wednesday, April 24, 2024. Faalcon Concepts IPO will list on BSE SME with tentative listing date fixed as Friday, April 26, 2024.
Faalcon Concepts IPO price is ₹62 per share. The minimum lot size for an application is 2000 Shares. The minimum amount of investment required by retail investors is ₹124,000. The minimum lot size investment for HNI is 2 lots (4,000 shares) amounting to ₹248,000.
Faalcon Concepts IPO Details
| IPO Date | April 19, 2024 to April 23, 2024 |
| Listing Date | [.] |
| Face Value | ₹10 per share |
| Price | ₹62 per share |
| Lot Size | 2000 Shares |
| Total Issue Size | 1,950,000 shares (aggregating up to ₹12.09 Cr) |
| Fresh Issue | 1,950,000 shares (aggregating up to ₹12.09 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | BSE SME |
| Share holding pre issue | 4,880,120 |
| Share holding post issue | 6,830,120 |
| Market Maker portion | 98,000 shares |
Faalcon Concepts IPO Reservation
| Investor Category | Shares Offered |
|---|---|
| Retail Shares Offered | 50% of the net offer |
| Other Shares Offered | 50% of the net offer |
Faalcon Concepts IPO Timeline (Tentative Schedule)
Faalcon Concepts IPO opens on April 19, 2024, and closes on April 23, 2024.
| IPO Open Date | Friday, April 19, 2024 |
| IPO Close Date | Tuesday, April 23, 2024 |
| Basis of Allotment | Wednesday, April 24, 2024 |
| Initiation of Refunds | Thursday, April 25, 2024 |
| Credit of Shares to Demat | Thursday, April 25, 2024 |
| Listing Date | Friday, April 26, 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on April 23, 2024 |
Faalcon Concepts IPO Lot Size
Investors can bid for a minimum of 2000 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 | 2000 | ₹124,000 |
| Retail (Max) | 1 | 2000 | ₹124,000 |
| HNI (Min) | 2 | 4,000 | ₹248,000 |
| Lot Size Calculator | |||
Faalcon Concepts IPO Promoter Holding
Mrs. Ekta Seth, Mr. Tribhuvan Seth, and Mr. Prithvi Seth are the company’s promoters.
| Share Holding Pre Issue | 91.76% |
| Share Holding Post Issue | 65.56% |
About Faalcon Concepts Limited
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.
Faalcon Concepts Limited Financial Information (Restated)
Faalcon Concepts Limited’s revenue decreased by -28.5% and profit after tax (PAT) rose by 83.58% between the financial year ending with March 31, 2023 and March 31, 2022.
| Period Ended | 31 Oct 2023 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
| Assets | 1,417.67 | 1,292.64 | 916.77 | 553.85 |
| Revenue | 1,249.11 | 1,324.81 | 1,852.93 | 502.21 |
| Profit After Tax | 131.82 | 179.52 | 97.79 | 12.34 |
| Net Worth | 631.39 | 327.53 | 129.02 | 22.23 |
| Reserves and Surplus | 143.37 | 325.26 | 127.61 | 21.23 |
| Total Borrowing | 366.04 | 190.58 | 67.10 | 48.30 |
| Amount in ₹ Lakhs | ||||
Key Performance Indicator
The market capitalization of Faalcon Concepts IPO is Rs 42.35 Cr.
KPI as of October 31, 2023.
| KPI | Values |
|---|---|
| ROE | 27.49% |
| ROCE | 26.18% |
| RoNW | 20.88% |
| P/BV | 9.21 |
| PAT Margin (%) | 10.57 |
Check Faalcon Concepts IPO Peer Comparison here.
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (Rs) | 3.68 | 3.31 |
| P/E (x) | 16.85 | 18.74 |
Note:
- The Pre IPO EPS is calculated based on Pre issue shareholding as on date of RHP and the latest FY earnings as of March 31, 2023 that is available in RHP.
- The Post Issue EPS is calculated based on the Post issue shareholding and annualized FY earnings of October 31, 2023 that is available in RHP.
Objects of the Issue (Faalcon Concepts IPO Objectives)
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 Contact Details
Faalcon Concepts Limited
N-75 Ground Floor Mayfield Garden,
Sector-51NA
Gurgaon – 122018
Phone: + 91-124-4383074
Email: info@faalcon.in
Website: http://www.faalcon.in/
Faalcon Concepts IPO Registrar
Beetal Financial & Computer Services (P) Limited
Phone: +91 11 29961281
Email: beetal@beetalfinancial.com
Website: http://www.beetalmail.com/smeipo