Falcon Technoprojects India was incorporated on September 9, 2014. The company is engaged in the business of providing mechanical, electrical, and plumbing services to PAN India customers operating in various sectors, including petroleum refineries, residential townships, atomic energy, and civil construction
| Bidding Dates |
|---|
| 19 Jun 2024 - 21 Jun 2024 |
| Subscription |
|---|
| 63.17x Oversubscribed |
| Minimum Investment | Minimum Lot | Maximum Lot | Lot Size | Number of Shares | Issue Price | Post Issue Promoter Holding % | Issue Size | IPO Document |
|---|---|---|---|---|---|---|---|---|
| ₹1,10,400 | 1 | 1 | 1200 | 1.5 M | ₹92 | 60.81 % | ₹136.9 M | RHP DOC |
Falcon Technoprojects IPO SUBSCRIPTION STATUS
21 Jun '24Falcon Technoprojects IPO overall subscription rate was 63.17 times the total available shares
Falcon Technoprojects IPO retail subscription rate was 83.23 times in the retail segment
Falcon Technoprojects IPO non-institutional investor subscription rate was 43.12 times in the non-institutional investor category
| Day | Retail Individual Investor | HNI (NII) Investors | Qualified Institutional Buyers |
|---|---|---|---|
| Category Reservation | 50% | 50% | - |
21 Jun 2024 (Day 3) | 83.23x | 43.12x | - |
20 Jun 2024 (Day 2) | 11.6x | 1.67x | - |
19 Jun 2024 (Day 1) | 3.62x | 0.46x | - |
Falcon Technoprojects 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 |
| 10MFY24 | 8.7 | 103.4 | -30.8 | -46.6 | 18.6% |
| FY23 | 10.4 | 165.4 | -6.8 | -6.8 | 14.4% |
| FY22 | 10.3 | 228.6 | -15.4 | -15.4 | 9.5% |
| FY21 | 3.0 | 94.3 | 31.6 | 6.6 | 10.8% |
Falcon Technoprojects IPO SUBSCRIPTION STATUS DETAILS
Falcon Technoprojects had 1.5 M shares on offer
Falcon Technoprojects IPO offer price was ₹92
Falcon Technoprojects IPO minimum Investment was ₹110400
Falcon Technoprojects IPO issue size was ₹ 136.9 M
Falcon Technoprojects had a minimum lot size of 1200 Shares per application
Falcon Technoprojects NUMBER OF SHARES ON OFFER
Falcon Technoprojects IPO IMPORTANT DATES
| Issue Open Date | 19 Jun 2024 |
| Issue close Date | 21 Jun 2024 |
| Allotment Date | 24 Jun 2024 |
| Refund Date | 25 Jun 2024 |
| Demat Account Credit Date | 25 Jun 2024 |
| Listing Date | 26 Jun 2024 |
| Listing on Exchange(s) | NSE |
| Falcon Technoprojects Allotment Status | Exchange |
Falcon Technoprojects IPO subscription opened on 19 Jun 2024, and closed on 21 Jun 2024
IPO allotment for Falcon Technoprojects was finalized on Monday, 24 Jun 2024
IPO listing for Falcon Technoprojects was on NSE on Wednesday, 26 Jun 2024
Falcon Technoprojects IPO LISTING GAINS
| Issue Price (adjusted) | 92.0 |
| Listing Open Price | 84.0 |
| Listing Close Price | 88.2 |
| Listing Gain% | -8.7% |
| Current Gain% | -86.6% |
Falcon Technoprojects 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 % |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Falcon Technoprojects India Ltd. | 12.4 | 6.6 | 10.9 | -0.2 | 0.1 | 11.8 | 4.1 | 57.4 | 116.6 | 3 | 159.5 | 1.1 | -48.1 |
| Central Mine Planning & Design Institute Ltd. | 250.1 | 17860 | 26.8 | 18.8 | 2397.4 | 10.1 | 613.2 | -8.1 | |||||
| Engineers India Ltd. | 240.6 | 13522.7 | 19.6 | 1 | 3.4 | 22 | 11.8 | 4123.2 | 27 | 691.6 | 19.3 | 12.3 | 19.3 |
| Qualitek Labs Ltd. | 450 | 449.1 | 30.8 | 9.6 | 5.4 | 125 | 76.8 | 14.6 | 131.7 | 14.6 | |||
| Monarch Surveyors and Engineering Consultants Ltd. | 231 | 327 | 8.8 | 16.1 | 13.8 | 176.8 | 13.6 | 37.2 | 6.9 | 26.3 | |||
| Likhami Consulting Ltd. | 299 | 297.5 | 934.7 | 96.6 | 374 | 0.7 | 0.7 | 0.8 | 15.9 | 0.2 | 6.4 | 0.3 | 9.7 |
Falcon Technoprojects INFORMATION ON IPO ISSUE
About Falcon Technoprojects
Falcon Technoprojects India was incorporated on September 9, 2014. The company is engaged in the business of providing mechanical, electrical, and plumbing services to PAN India customers operating in various sectors, including petroleum refineries, residential townships, atomic energy, and civil construction
Object of the Issue
- Working capital requirements of the company
- General corporate purposes
Falcon Technoprojects - PROMOTERS
| Name |
|---|
| Bharat Shreekishan Parihar |
| Sheetal Bharat Parihar |
Falcon Technoprojects Lead Manager to the Issue
Kunvarji Finstock Private Limited
mb.compliances@kunvarji.com
Falcon Technoprojects Registrar to the issue
Kfin Technologies Private Limited
ftil.ipo@kfintech.com
Falcon Technoprojects Strengths
Project management
The company's portfolio includes over 145 projects delivered to more than 50 clients across 17 states in India. It has a track record of providing services that meet the diverse needs of its clients
Repetitive work orders
The company has the ability to add renowned customers and procure repetitive work orders from existing customers, which provides visibility of future revenues
Technology at the forefront
The company's technology is a significant enabler in driving speed, accuracy, efficiency, customer satisfaction, transparency, and better service delivery, which benefits it by adding new clients and thereby deriving higher revenue and profitability
Falcon Technoprojects Risks
Dependent on few customers
The company's significant portion of revenue comes from limited number of customers, the loss of one or more such customers, could adversely affect our business
Competitive environment
The company operates in a competitive environment and may not be able to compete effectively with similar companies, which could have a material adverse effect on the business
Outstanding litigations
There are outstanding litigations involving the company, its promoters, and directors which, if determined adversely, may affect the business and financial condition
IPO FAQs
The promoters of the company are Bharat Shreekishan Parihar and Sheetal Bharat Parihar.
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 92.0 - 92.0.
The IPO application opens on Jun 19, 2024 and closes on Jun 21, 2024.
The minimum lot size for the IPO is 1200. The maximum lot size for the IPO is 1200.
For all category investors, the minimum application amount for this IPO is Rs. 110,400.0, the maximum value for this IPO is Rs 110,400.0.
This IPO will be allotted on Jun 24, 2024.
The refund will be credited to your account on Jun 25, 2024.
The allotted shares will be credited to your demat on Jun 25, 2024.
Falcon Technoprojects India Ltd.’s shares listed on the stock exchanges on Jun 26, 2024.