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:
- Working Capital Requirements of the company; and
- 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
Website: http://www.falcongroupindia.com/
Falcon Technoprojects India IPO Registrar
Kfin Technologies Limited
Phone: 04067162222, 04079611000
Email: ftil.ipo@kfintech.com
Website: https://kosmic.kfintech.com/ipostatus/