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Faalcon Concepts Limited IPO
Faalcon Concepts Ltd. (FCL) is involved in designing, engineering, fabrication and installation of façade systems.The company is specialized in technically demanding facades. The company offers a wide range of products to fulfill the needs of the customers. 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 price is ₹62 per share. The minimum lot size for an application is 2000 Shares. Navigant Corporate Advisors Ltd is the book running lead manager of the Faalcon Concepts IPO, while Beetal Financial & Computer Services (P) Limited is the registrar for the issue. The market maker for Faalcon Concepts IPO is Alacrity Securities.
Faalcon Concepts Limited IPO Overview
| Detail | Description |
|---|---|
| IPO Date | April 19, 2024 to April 23, 2024 |
| 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 Alacrity Securities |
Faalcon Concepts IPO Timeline (Tentative Schedule)
| Detail | Description |
|---|---|
| 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 Reservation
| Investor Category | Shares Offered |
|---|---|
| Anchor Investor Shares Offered | - |
| Market Maker Shares Offered | 98,000 (5.03%) |
| Other Shares Offered | 926,000 (47.49%) |
| Retail Shares Offered | 926,000 (47.49%) |
| Total Shares Offered | 1,950,000 (100%) |
Faalcon Concepts IPO Promoter Holding
| Shareholding Pre Issue | 91.76% |
| Shareholding Post Issue | 65.56% |
Faalcon Concepts IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 2000 | ₹124,000 |
| Retail (Max) | 1 | 2000 | ₹124,000 |
| HNI (Min) | 2 | 4,000 | ₹248,000 |
Company & Financials
The company was incorporated in 2018, Faalcon Concepts Limited (FCL) deals in the planning, designing and installation of façade systems. Faalcon Concepts' product portfolio includes glazing/curtain walls, aluminum doors and windows, skylights, canopies, frameless glazing, MS structures, stone cladding, metal cladding, and roofing. FCL is offering facades which are resistant against UV rays, acidic rain, dust, noise and others. It has catered to customers' base in various states such as Haryana, Uttar Pradesh, Rajasthan, Madhya Pradesh, Karnataka, Gujrat, Punjab and Delhi.
Faalcon Concepts Limited Financial Information
| 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
| KPI | Values |
|---|---|
| ROE | 27.49% |
| ROCE | 26.18% |
| Debt/Equity | 0.58 |
| RoNW | 20.88% |
| P/BV | 9.21 |
| PAT Margin (%) | 10.57 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (Rs) | 3.68 | 3.31 |
| P/E (x) | 16.85 | 18.74 |
Faalcon Concepts Limited IPO Subscription Status (Bidding Detail)
| Category | Subscription (times) |
|---|---|
| Other | 93.27 |
| Retail | 47.17 |
| Total | 71.28 |
Objectives of the Issue
The objectives of the issue are as follows:
- 1. To finance the Capital Expenditure for the purchase of facade Structural Equipments;
- 2. To part finance the requirement of Working Capital; and
- 3. To meet General corporate purposes.
Faalcon Concepts IPO review
The company is engaged in the business of installation of façade systems for any premises (commercial/residential/industrial) and has created a niche place. As of March 31, 2024, it had orders on hand worth Rs. 50 cr. Its growth in net margins is attributed to its cost effective completion of projects and such trends will continue, as opined by the management. Based on annualized FY24 earnings, the issue appears fully priced. Lower equity base post-IPO indicates a longer gestation period for migration. Investors may park funds for the medium to long term rewards.
FAQs for Faalcon Concepts IPO
-
Why Faalcon Concepts IPO?
The initial public offer (IPO) of Faalcon Concepts Limited offers an early investment opportunity in Faalcon Concepts Limited. A stock market investor can buy Faalcon Concepts IPO shares by applying in IPO before Faalcon Concepts Limited shares get listed at the stock exchanges. An investor would invest in Faalcon Concepts IPO for short term listing gain or a long term.
-
Faalcon Concepts IPO What should investors do?
Faalcon Concepts IPO offers an opportunity to buy IPO shares before they get listed at the stock exchanges.
-
Is Faalcon Concepts IPO good?
Our recommendation for Faalcon Concepts IPO is to subscribe.
-
When will Faalcon Concepts IPO allotment status?
The Faalcon Concepts IPO allotment status will be available on or around April 24, 2024. The allotted shares will be credited in the demat account by April 25, 2024.
-
When will Faalcon Concepts IPO list?
The Faalcon Concepts IPO list date is not yet available.The Faalcon Concepts IPO is planned to list on April 26, 2024, at BSE SME.
DRHP:
https://www.bseindia.com/corporates/download/343500/
DRAFT%20PROSPECTUS%20_%20FAALCON%20CONCEPTS
%20LIMITED_20231229211123.pdf
-
Why Faalcon Concepts IPO?
The initial public offer (IPO) of Faalcon Concepts Limited offers an early investment opportunity in Faalcon Concepts Limited. A stock market investor can buy Faalcon Concepts IPO shares by applying in IPO before Faalcon Concepts Limited shares get listed at the stock exchanges. An investor would invest in Faalcon Concepts IPO for short term listing gain or a long term.
-
Faalcon Concepts IPO What should investors do?
Faalcon Concepts IPO offers an opportunity to buy IPO shares before they get listed at the stock exchanges.
-
Is Faalcon Concepts IPO good?
Our recommendation for Faalcon Concepts IPO is to subscribe.
-
When will Faalcon Concepts IPO allotment status?
The Faalcon Concepts IPO allotment status will be available on or around April 24, 2024. The allotted shares will be credited in the demat account by April 25, 2024.
-
When will Faalcon Concepts IPO list?
The Faalcon Concepts IPO list date is not yet available.The Faalcon Concepts IPO is planned to list on April 26, 2024, at BSE SME.
DRAFT%20PROSPECTUS%20_%20FAALCON%20CONCEPTS
%20LIMITED_20231229211123.pdf
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