Schedule of Falcon Technoprojects India
| 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 |
Note: The 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 can be checked on the registrar's website and the exchange website.
About Falcon Technoprojects India
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 specialises 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.
Financials of Falcon Technoprojects India
Issue size
| Funds Raised in the IPO | Amount |
| Overall | ₹13.69 crores |
| Fresh Issue | ₹13.69 crores |
| Offer for sale | – |
*All figures except EPS are in ₹ Crores
Risks
- 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.