Falcon Technoprojects India IPO

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19th – 21st Jun 2024
26 Jun 2024
₹92 – ₹92
1200 shares (₹110400)
14cr

Schedule

Issue open date 19 Jun 2024
Issue close date 21 Jun 2024
UPI mandate deadline 21 Jun 2024 (5 PM)
Allotment finalization 24 Jun 2024
Refund initiation 25 Jun 2024
Share credit 25 Jun 2024
Listing date 26 Jun 2024
Mandate end date 06 Jul 2024
Lock-in end date for anchor investors (50%) 24 Jul 2024
Lock-in end date for anchor investors (remaining) 24 Sep 2024

About

Falcon Technoprojects India Limited’s IPO is scheduled to launch on June 19, 2024, with subscriptions closing on June 21, 2024. Established in 2014, the company provides mechanical, electrical, and plumbing services across various sectors in India, including petroleum refineries, housing estates, nuclear power, and construction. It specializes in the design, selection, and installation of integrated systems for air conditioning, power and lighting, water supply and drainage, fire protection, and telephones.

The company works closely with architects, consulting engineers, contractors, and end-users to provide efficient and cost-effective solutions. It is ISO 9001:2015 certified and serves PAN India customers. Notable clients include Mumbai International Airport, L&T, BPCL, HPCL, Lodha Developers, Reliance Industries Limited, and Shapoorji Pallonji Group.

Funds Raised in the IPO Amount
Overall ₹13.69 crores
Fresh Issue ₹13.69 crores
Offer for sale

Financial Snapshot

Financial Year Ended March 2021 March 2022 March 2023 January 2024
Total Assets 172.01 217.95 218.36 214.37
Revenue 94.63 229.00 165.65 103.66
Profit After Tax 2.96 10.27 10.39 8.69
EPS 0.88 3.07 3.10 2.44

*All figures except EPS are in ₹ Crores

Risk factors

  • Competitive Environment: The industry in which the company operates is highly competitive, with regular introductions of new and improved solutions. Competitors may have lower costs, be more diversified, or have greater resources, which could affect the company’s ability to compete effectively and could have a material adverse effect on its business, results of operations, and financial condition.
  • Pricing Pressure: The company may face pressure from customers to reduce prices, which could adversely affect gross margin, profitability, and ability to increase prices. Failure to offset price reductions through improved operating efficiencies and cost reduction initiatives may adversely affect the results of operations and financial condition.
  • Dependency on Management and Skilled Personnel: The company’s success depends on the continued services of its management team and other personnel with technical expertise. Failure to recruit and retain qualified personnel may adversely affect the business and its ability to operate or grow.

Note:

  • The above schedule is tentative. The anchor lock-in period ends 30 days after the actual allotment date for 50% of the shares and 90 days after for the remaining portion.
  • The allotment status will be available by June 25, 2024, on the Registrar’s website and the NSE website.