Falcon Technoprojects India IPO is a fixed price issue of Rs 13.69 crores. The issue is entirely a fresh issue of 14.88 lakh shares.

Falcon Technoprojects India IPO opens for subscription on June 19, 2024 and closes on June 21, 2024. The allotment for the Falcon Technoprojects India IPO is expected to be finalized on Monday, June 24, 2024. Falcon Technoprojects India IPO will list on NSE SME with tentative listing date fixed as Wednesday, June 26, 2024.

Falcon Technoprojects India IPO price is ₹92 per share. The minimum lot size for an application is 1200 Shares. The minimum amount of investment required by retail investors is ₹110,400. The minimum lot size investment for HNI is 2 lots (2,400 shares) amounting to ₹220,800.

Kunvarji Finstock Pvt Ltd is the book running lead manager of the Falcon Technoprojects India IPO, while Kfin Technologies Limited is the registrar for the issue. The market maker for Falcon Technoprojects India IPO is Nikunj Stock Brokers.

Refer to Falcon Technoprojects India IPO RHP for detailed information.

Falcon Technoprojects India IPO Details

IPO Date June 19, 2024 to June 21, 2024
Listing Date [.]
Face Value ₹10 per share
Price ₹92 per share
Lot Size 1200 Shares
Total Issue Size 1,488,000 shares
(aggregating up to ₹13.69 Cr)
Fresh Issue 1,488,000 shares
(aggregating up to ₹13.69 Cr)
Issue Type Fixed Price Issue IPO
Listing At NSE SME
Share holding pre issue 3,868,793
Share holding post issue 5,356,793
Market Maker portion 74,400 shares
Nikunj Stock Brokers

Falcon Technoprojects India IPO Reservation

Investor Category Shares Offered
Retail Shares Offered 50% of the net offer
Other Shares Offered 50% of the net offer

Falcon Technoprojects India IPO Timeline (Tentative Schedule)

Falcon Technoprojects India IPO opens on June 19, 2024, and closes on June 21, 2024.

IPO Open Date Wednesday, June 19, 2024
IPO Close Date Friday, June 21, 2024
Basis of Allotment Monday, June 24, 2024
Initiation of Refunds Tuesday, June 25, 2024
Credit of Shares to Demat Tuesday, June 25, 2024
Listing Date Wednesday, June 26, 2024
Cut-off time for UPI mandate confirmation 5 PM on June 21, 2024

Falcon Technoprojects India IPO Lot Size

Investors can bid for a minimum of 1200 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 1200 ₹110,400
Retail (Max) 1 1200 ₹110,400
HNI (Min) 2 2,400 ₹220,800
Lot Size Calculator

Falcon Technoprojects India IPO Promoter Holding

Bharat Shreekishan Parihar and Sheetal Bharat Parihar are the promoters of the company.

Share Holding Pre Issue 84.20%
Share Holding Post Issue  

About Falcon Technoprojects India Limited

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.

 

Falcon Technoprojects India Limited Financial Information (Restated)

Period Ended 31 Jan 2024 31 Mar 2023 31 Mar 2022 31 Mar 2021
Assets 2,143.72 2,183.61 2,179.53 1,720.12
Revenue 1,036.62 1,656.59 2,290.07 946.35
Profit After Tax 86.98 103.92 102.76 29.60
Net Worth 898.75 334.47 230.56 127.79
Reserves and Surplus 511.87 284.47 180.56 77.79
Total Borrowing 781.04 1,232.02 962.81 729.75
Amount in ₹ Lakhs

Key Performance Indicator

The market capitalization of Falcon Technoprojects India IPO is Rs 49.28 Cr.

KPI as of January 31, 2024.

KPI Values
ROE 9.68%
ROCE 11.54%
RoNW 9.68%
P/BV 3.96
PAT Margin (%) 8.39

Check Falcon Technoprojects India IPO Peer Comparison here.

  Pre IPO Post IPO
EPS (Rs)  2.69 1.95
P/E (x)  34.25 47.22

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 January 31, 2024 that is available in RHP.

Objects of the Issue (Falcon Technoprojects India IPO Objectives)

The company proposes to utilize the funds that are being raised through this Issue:

  1. Working Capital Requirements of the company; and
  2. General Corporate Purposes

Falcon Technoprojects India IPO Review (Avoid)

[Dilip Davda]  The company is providing mechanical, electrical and plumbing services. These segments are highly competitive and fragmented. The company posted inconsistency in its top and bottom lines for the reported periods. Tiny post-IPO equity base indicates longer gestation for migration to mainboard. Based on FY24 annualized earnings, the issue appears exorbitantly priced. There is no harm in skipping this risky bet. Read detail review…

Falcon Technoprojects India IPO Prospectus

Falcon Technoprojects India Limited Contact Details

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
Websitehttp://www.falcongroupindia.com/

Falcon Technoprojects India IPO Registrar

Kfin Technologies Limited

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