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13 June 2024

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.

Falcon Technoprojects India IPO Overview

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 IPO Timeline (Tentative Schedule)

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 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 IPO Promoter Holding

Share Holding Pre Issue	84.20%
Share Holding Post Issue

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 client’s 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.

Falcon Technoprojects India Limited Financial Information

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

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.

FAQs for Falcon Technoprojects India IPO

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.
When will Falcon Technoprojects India IPO?

The IPO is to open on June 19, 2024, for NII, and Retail Investors.
What is Falcon Technoprojects India IPO Investors Portion?

The investors’ portion for NII is 50%, and Retail is 50%.
What is Falcon Technoprojects India IPO Size?

Falcon Technoprojects India's IPO size is ₹13.69 crores.
What is Falcon Technoprojects India IPO Price Band?

Falcon Technoprojects India IPO Price Band is ₹92 per equity share.
What is Falcon Technoprojects India IPO Minimum and Maximum Lot Size?

The IPO bid is 1200 shares with ₹110,400.
What is Falcon Technoprojects India IPO Allotment Date?

Falcon Technoprojects India's IPO allotment date is June 24, 2024.
What is Falcon Technoprojects India's IPO Listing Date?

Falcon Technoprojects India's IPO listing date is June 26, 2024. The IPO to list on NSE SME.