Fixed Price IPO | ₹12 Cr | Listed at BSE SME | Fri, Apr 19, 2024 - Tue, Apr 23, 2024
Faalcon Concepts IPO is a fixed price issue of ₹12.09 crores. The issue is entirely a fresh issue of 0.20 crore shares of ₹12.09 crore.
Faalcon Concepts IPO bidding started from Apr 19, 2024 and ended on Apr 23, 2024. The allotment for Faalcon Concepts IPO was finalized on Apr 24, 2024. The shares got listed on BSE SME on Apr 26, 2024.
Faalcon Concepts IPO price is ₹62 per share. The lot size for an application is 2,000. The minimum amount of investment required by an individual investor (retail) is ₹1,24,000 (2000 shares) (based on upper price). The minimum lot size for investment in HNI is 2 lots (4,000 shares), amounting to ₹2,48,000.
Navigant Corporate Advisors Ltd. is the book running lead manager and Beetal Financial & Computer Services Pvt.Ltd. is the registrar of the issue. The Market Maker of the company is Alacrity Securities Ltd..
Refer to Faalcon Concepts IPO RHP for detailed Information.
IPO Open
Fri, Apr 19, 2024
IPO Close
Tue, Apr 23, 2024
Issue Price
₹62 per share
Market Cap (Pre-IPO)
₹42.35 Cr
| IPO Date | 19 to 23 Apr, 2024 |
| Listed on | Fri, Apr 26, 2024 |
| Face Value | ₹10 per share |
| Issue Price | ₹62 per share |
| Lot Size | 2,000 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Fixed Price IPO |
| Listing At | BSE SME |
| Total Issue Size | 19,50,000 shares (agg. up to ₹12 Cr) |
| Reserved for Market Maker | 98,000 shares Alacrity Securities Ltd. (agg. up to ₹0.6076 Cr) |
| Fresh Issue (Ex Market Maker) | 18,52,000 shares (agg. up to ₹11 Cr) |
| Net Offered to Public | 18,52,000 shares (agg. up to ₹11 Cr) |
| Share Holding Pre Issue | 48,80,120 shares |
| Share Holding Post Issue | 68,30,120 shares |
| BSE Script Code | 544164 |
| ISIN | INE0Q9W01015 |
Faalcon Concepts IPO comprises a total issue size of 19,50,000 shares. The net offer to the public is 18,52,000 shares, after excluding 98,000 shares allotted on a firm basis. Of the Net offer 9,26,000 (50.00%) allocated to NII 9,26,000 (50.00%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| NII (HNI) Shares Offered | 9,26,000 | 50.00% | 47.49% |
| Retail Shares Offered | 9,26,000 | 50.00% | 47.49% |
| Firm Reservations | |||
| Market Maker Shares Offered | 98,000 | 5.03% | |
| Total Shares Offered | 19,50,000 | 100.00% | 100.00% |
Investors can bid for a minimum of 2,000 shares and in multiples thereof.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 2,000 | ₹1,24,000 |
| Retail (Max) | 1 | 2,000 | ₹1,24,000 |
| HNI (Min) | 2 | 4,000 | ₹2,48,000 |
Founded in 2018, Faalcon Concepts Limited deals with the planning, design, fabrication, and installation of façade systems.
The company offers facades resistant to UV rays, acid rain, dust, noise, and other influences. Faalcon Concepts' product portfolio includes glazing/curtain walls, aluminium doors and windows, skylights, canopies, frameless glazing, MS structures, stone cladding, metal cladding, and roofing.
The company's customer list includes companies like Espirit Techno Consultant Pvt. Ltd, Galaxy Magnum Infra Height Limited, Babbar Films, Maconns Infra Pvt. Ltd, Silvers 107 Stone Regency Pvt. Ltd, St Xavier School, Gurgaon High School etc. The company has catered to customers in various states like Haryana, Uttar Pradesh, Rajasthan, Madhya Pradesh, Karnataka, Gujrat, Punjab, Delhi and overseas.
As of December 23, 2023, the company had 26 employees.
| Period Ended | 31 Oct 2023 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
|---|---|---|---|---|
| Assets | 14.18 | 12.93 | 9.17 | 5.54 |
| Total Income | 12.49 | 13.25 | 18.53 | 5.02 |
| Profit After Tax | 1.32 | 1.80 | 0.98 | 0.12 |
| NET Worth | 6.31 | 3.28 | 1.29 | 0.22 |
| Reserves and Surplus | 1.43 | 3.25 | 1.28 | 0.21 |
| Total Borrowing | 3.66 | 1.91 | 0.67 | 0.48 |
| Amount in ₹ Crore | ||||
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | To finance the Capital Expenditure for purchase of façade Structural Equipments | 2.51 |
| 2 | To part finance the requirement of Working Capital | 5.75 |
| 3 | To meet General corporate purposes | 1.87 |
| KPI | Oct 31, 2023 |
|---|---|
| ROE | 27.49% |
| ROCE | 26.18% |
| Debt/Equity | 0.58 |
| RoNW | 20.88% |
| PAT Margin | 10.57% |
| Price to Book Value | 9.21 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (₹) | 3.68 | 3.31 |
| P/E (x) | 16.85 | 18.74 |
| Promoter Holding | 91.76% | 65.56% |
| Market Cap | ₹42.35 Cr. |
The Faalcon Concepts IPO is subscribed 71.28 times on April 23, 2024 7:02:05 PM (Day 3). The public issue subscribed 47.17 times in the retail category, [.] times in the QIB category, and 93.27 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for |
|---|---|---|---|
| NII* | 93.27 | 9,26,000 | 8,63,64,000 |
| Retail | 47.17 | 9,26,000 | 4,36,84,000 |
| Total | 71.28 | 18,52,000 | 13,20,18,000 |
Total Application : 27,324
*Market Maker portion is not included to NII/HNI.
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Issue management fees, Underwriting Fees selling commissions, brokerages, Payment to other intermediaries such as Legal Advisors, Registrars etc | 0.90 |
| 2 | Printing & Stationery, Distribution, Postage, etc. | 0.02 |
| 3 | Advertisement & Marketing Expenses including payment to advisors (Pooja Equiresearch Private Limited) | 0.95 |
| 4 | Regulatory & other expenses | 0.08 |
| Price Details | BSE SME |
|---|---|
| Final Issue Price | ₹62.00 |
| Open | ₹95.00 |
| Low | ₹90.25 |
| High | ₹95.00 |
| Last Trade | ₹90.25 |
Beetal Financial & Computer Services Pvt.Ltd.
Lead Manager Reports
Faalcon Concepts IPO is a SME IPO of 19,50,000 equity shares of the face value of ₹10 aggregating up to ₹12 Crores. The issue is priced at ₹62 per share. The minimum order quantity is 2000.
The IPO opens on Fri, Apr 19, 2024, and closes on Tue, Apr 23, 2024.
Beetal Financial & Computer Services Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE SME.
Zerodha customers can apply online in Faalcon Concepts IPO using UPI as a payment gateway. Zerodha customers can apply in Faalcon Concepts IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Faalcon Concepts IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Faalcon Concepts IPO opens on Fri, Apr 19, 2024 and closes on Tue, Apr 23, 2024.
Faalcon Concepts IPO lot size is 2000, and the minimum amount required for application is ₹1,24,000.
You can apply in Faalcon Concepts IPO online using either UPI or ASBA as a payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO Application is offered by brokers who don't offer banking services. Read more detail about applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.
The finalization of Basis of Allotment for Faalcon Concepts IPO will be done on Wednesday, April 24, 2024, and the allotted shares will be credited to your demat account by Thu, Apr 25, 2024. Check the Faalcon Concepts IPO allotment status.
The Faalcon Concepts IPO listing date is on Fri, Apr 26, 2024.
