Faalcon Concepts, incorporated on May 24, 2018, specializes in designing, engineering, fabricating, and installing façade systems. The company offers tailored solutions for complex projects, focusing on various products to meet customer demands.
| Bidding Dates |
|---|
| 19 Apr 2024 - 23 Apr 2024 |
| Subscription |
|---|
| 67.75x Oversubscribed |
| Minimum Investment | Minimum Lot | Maximum Lot | Lot Size | Number of Shares | Issue Price | Post Issue Promoter Holding % | Issue Size | IPO Document |
|---|---|---|---|---|---|---|---|---|
| ₹1,24,000 | 1 | 1 | 2000 | 1.9 M | ₹62 | 65.56 % | ₹120.9 M | RHP DOC |
Faalcon Concepts IPO SUBSCRIPTION STATUS
23 Apr '24Faalcon Concepts IPO overall subscription rate was 67.75 times the total available shares
Faalcon Concepts IPO retail subscription rate was 44.8 times in the retail segment
Faalcon Concepts IPO non-institutional investor subscription rate was 90.7 times in the non-institutional investor category
| Day | Retail Individual Investor | HNI (NII) Investors | Qualified Institutional Buyers |
|---|---|---|---|
| Category Reservation | 50% | 50% | - |
23 Apr 2024 (Day 3) | 44.8x | 90.7x | - |
22 Apr 2024 (Day 2) | 11.53x | 1.9x | - |
19 Apr 2024 (Day 1) | 2.49x | 0.54x | - |
Faalcon Concepts FINANCIALS
| Period | Net Profit (Rs in millions) | Revenue from Operations (Rs in millions) | Cash Flow from Operations (Rs in millions) | Free Cash Flow (Rs in millions) | Margins |
| 7MFY24 | 13.2 | 124.7 | -31.8 | -41.1 | 17.2% |
| FY23 | 18.0 | 131.5 | 1.5 | -2.9 | 19.3% |
| FY22 | 9.8 | 184.1 | -5.3 | -6.3 | 7.0% |
| FY21 | 1.2 | 50.2 | 3.2 | 2.4 | 3.8% |
Faalcon Concepts IPO SUBSCRIPTION STATUS DETAILS
Faalcon Concepts had 1.9 M shares on offer
Faalcon Concepts IPO offer price was ₹62
Faalcon Concepts IPO minimum Investment was ₹124000
Faalcon Concepts IPO issue size was ₹ 120.9 M
Faalcon Concepts had a minimum lot size of 2000 Shares per application
Faalcon Concepts NUMBER OF SHARES ON OFFER
Faalcon Concepts IPO IMPORTANT DATES
| Issue Open Date | 19 Apr 2024 |
| Issue close Date | 23 Apr 2024 |
| Allotment Date | 24 Apr 2024 |
| Refund Date | 25 Apr 2024 |
| Demat Account Credit Date | 25 Apr 2024 |
| Listing Date | 26 Apr 2024 |
| Listing on Exchange(s) | BSE |
| Faalcon Concepts Allotment Status | Exchange |
Faalcon Concepts IPO subscription opened on 19 Apr 2024, and closed on 23 Apr 2024
IPO allotment for Faalcon Concepts was finalized on Wednesday, 24 Apr 2024
IPO listing for Faalcon Concepts was on BSE on Friday, 26 Apr 2024
Faalcon Concepts IPO LISTING GAINS
| Issue Price (adjusted) | 62.0 |
| Listing Open Price | 95.0 |
| Listing Close Price | 90.3 |
| Listing Gain% | 53.2% |
| Current Gain% | -37.7% |
Faalcon Concepts Peer
| Stock | Stock Price | Market Cap (Rs crore) | PE TTM | PEG TTM | PS TTM | ROE% | ROA% | Annual Revenue (Rs crore) | Annual Revenue Growth % | Annual Net Profit (Rs crore) | Annual Net Profit Growth % | EPS TTM | EPS TTM Growth % |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Faalcon Concepts Ltd. | 38.6 | 26.4 | 11.9 | 0.8 | 7 | 4.4 | 33.9 | 3.2 | 3.2 | ||||
| Larsen & Toubro Ltd. | 4068.3 | 572374.1 | 34.5 | 7.6 | 2 | 14.7 | 3.6 | 291635 | 12.2 | 16084 | 7 | 117.9 | 4.5 |
| GMR Airports Ltd. | 106.4 | 112379.2 | 640.3 | 4.4 | 7.6 | -7.1 | 0.3 | 15200.8 | 40.3 | 175.5 | 144.7 | 0.2 | 144.7 |
| Rail Vikas Nigam Ltd. | 231.2 | 48209.8 | 55.1 | -1.7 | 2.4 | 8.9 | 4 | 21187.4 | 1.3 | 874.7 | -31.7 | 4.2 | -31.7 |
| NBCC (India) Ltd. | 94.8 | 25596 | 35.5 | 1.1 | 2 | 23.9 | 4.4 | 13195.9 | 7.5 | 720 | 33.1 | 2.7 | 33.1 |
| Kalpataru Projects International Ltd. | 1310.7 | 22383.2 | 21.5 | 0.3 | 0.8 | 13.4 | 3.8 | 27247.9 | 21.8 | 1040 | 77.6 | 60.9 | 77.5 |
Faalcon Concepts INFORMATION ON IPO ISSUE
About Faalcon Concepts
Faalcon Concepts, incorporated on May 24, 2018, specializes in designing, engineering, fabricating, and installing façade systems. The company offers tailored solutions for complex projects, focusing on various products to meet customer demands.
Object of the Issue
- Financing capital expenditure for the purchase of façade structural equipment.
- Partial financing of working capital requirements.
- Meeting general corporate purposes.
Faalcon Concepts - PROMOTERS
| Name |
|---|
| Ekta Seth |
| Prithvi Seth |
| Tribhuvan Seth |
Faalcon Concepts Lead Manager To The Issue
Navigant Corporate Advisors Limited
navigant@navigantcorp.com
Faalcon Concepts Registrar to the issue
Beetal Financial & Computer Services Private Limited
beetal@beetalfinancial.com
Faalcon Concepts Strengths
Client base
The company has undertaken projects across various segments in residential, commercial, and institutional buildings. Its quality of work and timely execution have allowed it to enhance relationships with existing clients and secure projects from new clients
Design and execution capability
The company is recognized for its capability to translate innovative architectural concepts into practical solutions, feasible in both technical and economic terms
Faalcon Concepts Risks
Outstanding litigation
There are outstanding litigation proceedings involving the company and its promoters. An adverse outcome in these proceedings may have an adverse impact on the business
Negative cash flows
The company has experienced negative cash flows from its operating and investing activities in the past years. Sustained negative cash flow could impact the business
IPO FAQs
The promoters of the company are Ekta Seth, Prithvi Seth and Tribhuvan Seth.
The category allocation of qualified institutional buyers is 0.0%, the category allocation of non individual investors or high networth individuals is 50.0% and for retail investors it is 50.0%.
The price band of the IPO is Rs 62.0 - 62.0.
The IPO application opens on Apr 19, 2024 and closes on Apr 23, 2024.
The minimum lot size for the IPO is 2000. The maximum lot size for the IPO is 2000.
For all category investors, the minimum application amount for this IPO is Rs. 124,000.0, the maximum value for this IPO is Rs 124,000.0.
This IPO will be allotted on Apr 24, 2024.
The refund will be credited to your account on Apr 25, 2024.
The allotted shares will be credited to your demat on Apr 25, 2024.
Faalcon Concepts Ltd.’s shares listed on the stock exchanges on Apr 26, 2024.