Falcon Technoprojects India IPO Review

 
Falcon Technoprojects India IPO Review

IPO Open Date: June 19, 2024

IPO Close Date: June 21, 2024

IPO Price: ₹92 per share

Lot Size: 1200 Shares

Listing: June 26, 2024

Falcon Technoprojects India is scheduled to hit the market on June 19, 2024 and close on June 21, 2024. Falcon Technoprojects India plans to raise around ₹13.69 Cr through an IPO with a sale of up to 1,488,000 equity shares of ₹10 each. The Retail offered 50%,Other Shares Offered 50%.

Falcon Technoprojects India Limited, established in 2014, specializes in providing mechanical, electrical, and plumbing services to clients across India. The company caters to various sectors, including petroleum refineries, housing estates, nuclear power, and construction. Falcon Technoprojects offers a range of services encompassing the design, selection, and installation of integrated mechanical, electrical, and plumbing systems. These services involve installing air conditioning, power and lighting systems, water supply and drainage solutions, fire protection and extinguishing systems, as well as telecommunication installations.

As of January 31, 2024, Falcon Technoprojects India Limited had a workforce comprising a total of 24 employees. The dedicated team at the company works diligently to deliver high-quality services in the field of mechanical, electrical, and plumbing systems. With their expertise and commitment to excellence, Falcon Technoprojects continues to serve its clients effectively across various sectors in India.

Falcon Technoprojects India



Falcon Technoprojects India IPO Details

Falcon Technoprojects India IPO opens on June 19, 2024, and closes on June 21, 2024. The Listing date for Falcon Technoprojects India IPO is on June 26, 2024. The price band for IPO is ₹92 per share and lot size of 1200 Shares.

IPO DateJune 19, 2024 to June 21, 2024
Listing DateJune 26, 2024
Price₹92 per share
Lot Size1200 Shares
Issue Size₹13.69 Cr
Face Value₹10 per share

Falcon Technoprojects India IPO Tentative Timetable

Falcon Technoprojects India opening date is June 19, 2024 and close date is June 21, 2024. The IPO allotment date is June 24, 2024. The refund initiation of IPO is on June 25, 2024. The credit of shares in demat account is on June 25, 2024. The listing date is on June 26, 2024.

EventDate
IPO OpeningJune 19, 2024
IPO ClosingJune 21, 2024
IPO Allotment DateJune 24, 2024
Refund InitiationJune 25, 2024
Shares Credit to DematJune 25, 2024
Lisiting DateJune 26, 2024

Falcon Technoprojects India IPO Lot Size

Lot Size of this IPO is 1200 shares. A retail-individual investor can apply for up to 1 lots (1200 shares or ₹110,400).

CategoryLotsSharesAmount
Retail(Minimum)11200₹110,400
Retail(Maximum)11200₹110,400
HNI (Minimum)22,400₹220,800

Falcon Technoprojects India IPO Promoter Holding

Pre Issue Share Holding84.20%
Post Issue Share Holding

Falcon Technoprojects India IPO Review

Falcon Technoprojects India Limited, established in 2014, is a reputable provider of mechanical, electrical, and plumbing (MEP) services across India. The company caters to various sectors, including petroleum refineries, housing estates, nuclear power, and construction. Falcon's comprehensive MEP services encompass the design, selection, and installation of integrated systems, including air conditioning, power and lighting systems, water supply and drainage, fire protection, fire extinguishing systems, and telecommunication systems. As of January 31, 2024, the company employed 24 individuals, reflecting its lean operational structure tailored for specialized project delivery.

Financially, Falcon Technoprojects has demonstrated a mixed performance over the past few years. For the period ending January 31, 2024, the company reported assets amounting to Rs. 2,143.72 lakhs and a net worth of Rs. 898.75 lakhs. Revenue for FY23 was Rs. 1,656.59 lakhs, a decline from Rs. 2,290.07 lakhs in FY22. However, the company managed to sustain profitability, with a profit after tax (PAT) of Rs. 103.92 lakhs in FY23. Notably, Falcon's PAT margin stands at 8.39%, indicating effective cost management despite revenue fluctuations. The company has been managing a significant level of borrowing, with total borrowing recorded at Rs. 781.04 lakhs as of January 31, 2024. Key performance indicators show a return on equity (ROE) of 9.68% and a return on capital employed (ROCE) of 11.54%, reflecting a stable financial base.

The upcoming IPO of Falcon Technoprojects aims to raise Rs. 49.28 crore, which will be utilized for working capital requirements and general corporate purposes. The issue is priced with a pre-IPO earnings per share (EPS) of 2.69 and a post-IPO EPS of 1.95, translating to a P/E ratio of 34.25x pre-IPO and 47.22x post-IPO. These valuations suggest a premium pricing strategy. While the company's growth in net worth and reserves is promising, potential investors should consider the high P/E ratio and its implications for future earnings growth. The lean employee structure, strategic sector focus, and comprehensive MEP service offerings position Falcon Technoprojects well for long-term growth. Investors looking at the IPO should weigh the company's proven track record in delivering specialized MEP solutions against the aggressive pricing of the issue, making it a potential candidate for medium to long-term investment.

Falcon Technoprojects India IPO Subscription Status (Bidding Details)

Table not found

Falcon Technoprojects India IPO Broker Recommendations

  • Capital Market: To be updated soon
  • Anand Rathi: To be updated soon
  • SMC Global: To be updated soon
  • Arihant Capital: To be updated soon

Falcon Technoprojects India IPO FAQs

What is Falcon Technoprojects India IPO?

Falcon Technoprojects India is issuing 1,488,000 equity shares with a face value of ₹10 each, totaling up to ₹13.69 Cr. The shares are being offered at a price of ₹92 each, with a minimum order quantity of 1200 shares.

Kfin Technologies Limited is the registrar for the IPO, and the shares are planned to be listed on the BSE and NSE.

When Falcon Technoprojects India IPO will open?

Falcon Technoprojects India will open on June 19, 2024 for QIB, NII, and Retail Investors.

When Falcon Technoprojects India IPO will end?

Falcon Technoprojects India will end on June 21, 2024.

What is Falcon Technoprojects India IPO Size?

Falcon Technoprojects India IPO size is 13.69 Cr.

What is Falcon Technoprojects India IPO Price Band?

Falcon Technoprojects India price band is ₹92 per share.

What is the Falcon Technoprojects India IPO Allotment Date?

Falcon Technoprojects India allotment date is June 24, 2024.

What is the Falcon Technoprojects India IPO Listing Date?

Falcon Technoprojects India listing date is June 26, 2024. The IPO is to be listed on BSE and NSE.

How to Falcon Technoprojects India IPO through Zerodha?

To apply for the IPO “Falcon Technoprojects India” on Zerodha, log in to the Zerodha website or app, go to the Portfolio section, and click on IPO. Then, click on the “Apply” button and enter your UPI ID, the desired quantity, and the price. Submit the IPO application form and then approve the mandate on your UPI app. To complete the process, you should have an demat account. If you don't have one, open a demat account with Zerodha.

How to Apply Falcon Technoprojects India IPO through Upstox?

To apply for the IPO “Falcon Technoprojects India” on Upstox, log in to the Upstox website or app, click on IPO. Then, click on the “Apply” button and enter your UPI ID, the desired quantity, and the price. Submit the IPO application form and then approve the mandate on your UPI app. To complete the process, you should have an demat account. If you don't have one, open a demat account with Upstox.

How to check Falcon Technoprojects India IPO Allotment Status?

For Falcon Technoprojects India IPO Allotment status check you can visit this link, select the desired IPO and enter your PAN to check the allotment status.

What is Falcon Technoprojects India IPO GMP?

You can check out here: Falcon Technoprojects India IPO GMP

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About Ishika Agarwal

Ishika Agarwal is a seasoned financial writer with a strong background in the stock market and investment sector. Ishika has a passion for analyzing and interpreting complex financial data to provide valuable insights to her readers.

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