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Falcon Technoprojects India Limited IPO
Falcon Group’s companies (FGC) is a Mumbai based that specializes in MEP ( Mechanical, Electrical, Firefighting & Plumbing ), Fire Alarm Systems, Networking Systems, Security & Surveillance Systems, CCTV & Access Control Systems, Intercom systems, Solar Rooftop PV module Installation, Solar Water Heater, Gate Automation System, Civil & Construction Work, Building painting, Sliding Window, Grill, Railing & Fabrication Work, operating since the year of 2010. 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's IPO price is ₹92 per share. The minimum lot size for an application is 1200 Shares. 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.
WHAT IS GMP?
GMP (Grey Market Premium) is the difference between the IPO price and the grey market price. It is the premium amount paid for the traded IPO shares. It plays an important role in IPOs as it reflects how the IPO would react on the listing day.
A grey market is a place where shares/stocks are traded before being listed officially on the stock exchange.
Falcon Technoprojects India Limited IPO GMP
| GMP Date | IPO Price | GMP | Last Updated |
|---|---|---|---|
| - | - | - | - |
**The GMP prices displayed here are solely for informational purposes related to the grey market news. India IPO does not engage in or facilitate grey market trading, nor are these rates (sub2) indicative of any trading activity. We also do not recommend or endorse participation in the grey market.**
Falcon Technoprojects India Limited IPO Details
| Detail | Description |
|---|---|
| IPO Date | June 19, 2024 to June 21, 2024 |
| Listing Date | [.] |
| Face Value | ₹10 per share |
| Price Band | ₹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 Limited IPO Timeline
| Detail | Description |
|---|---|
| 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 Limited IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1200 | ₹110,400 |
| Retail (Max) | 1 | 1200 | ₹110,400 |
| HNI (Min) | 2 | 2,400 | ₹220,800 |
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 Limited IPO Promoter Holding
| Share Holding Pre Issue | Share Holding Post Issue |
|---|---|
| 84.20% | - |
Company & Financials
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 designing, selecting and installing integrated mechanical, electrical and plumbing systems. This consists of the installation of air conditioning, power and lighting systems, water supply and drainage, fire protection and fire extinguishing systems and telephones. Falcon Group of Companies. Strives to deliver the highest standards of installation, carefully paying attention to our clientâs ideas and collaborating in the development of the right scope of work. Their focus is to leverage strong project management and execution capabilities to complete projects promptly while maintaining quality of work and profitability.
Competitive Strength:
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Falcon Technoprojects India Limited IPO Financial Information
| Period Ended | Assets | Total Income | Profit After Tax | Net Worth | Reserves and Surplus | Total Borrowing | ||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 31 Jan 2024 | 2,143.72 | 1,036.62 | 86.98 | 898.75 | - | 781.04 | ||||||||||||||||||||||||||||||||||
| 31 Mar 2023 | 2,183.61 | 1,656.59 | 103.92 | 334.47 | - | 1,232.02 | ||||||||||||||||||||||||||||||||||
| 31 Mar 2022 | 2,179.53 | 2,290.07 | 102.76 | 230.56 | - | 962.81 | ||||||||||||||||||||||||||||||||||
| 31 Mar 2021 | 1,720.12 | 946.35 | 29.60 | 127.79 | - | 729.75 | ||||||||||||||||||||||||||||||||||
| Amount in ₹ Crore | ||||||||||||||||||||||||||||||||||||||||
Key Performance Indicator
| KPI | Values |
|---|---|
| ROE | 9.68% |
| ROCE | 11.54% |
| RoNW | 9.68% |
| P/BV | 3.96 |
| PAT Margin (%) | 8.39 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (Rs) | 2.69 | 1.95 |
| P/E (x) | 34.25 | 47.22 |
Objectives of Falcon Technoprojects India IPO
-
The company proposes to utilize the funds that are being raised through this Issue:
- 1. Working Capital Requirements of the company.
- 2. General Corporate Purposes.
Falcon Technoprojects India IPO Review
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. A tiny post-IPO equity base indicates longer gestation for migration to the mainboard. Based on FY24 annualized earnings, the issue appears exorbitantly priced. There is no harm in skipping this risky bet.
RHP:
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Frequently Asked Questions (FAQs)
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What is Falcon Technoprojects India IPO?
Falcon Technoprojects India IPO is an NSE SME IPO. They are going to raise ₹13.69 Crores via IPO. The issue is priced at ₹92 per equity share. The IPO is to be listed on NSE.
