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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 ₹62.00 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). The minimum lot size investment for 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 Date | April 19, 2024 to April 23, 2024 |
| Listing Date | April 26, 2024 |
| Face Value | ₹10 per share |
| Issue Price Band | |
| Issue Price Final | ₹62 per share |
| Lot Size | 2,000 Shares |
| Sale Type | Fresh Capital |
| Total Issue Size | 19,50,000 shares (aggregating up to ₹12.09 Cr) |
| Reserved for Market Maker | 98,000 shares Alacrity Securities Ltd. (aggregating up to ₹0.6076 Cr) |
| Net Offered to Public | 18,52,000 shares (aggregating up to ₹11.48 Cr) |
| Issue Type | Fixed Price IPO |
| Listing At | BSE SME |
| Share Holding Pre Issue | 48,80,120 shares |
| Share Holding Post Issue | 68,30,120 shares |
Faalcon Concepts IPO offers total 19,50,000 shares. Out of which 9,26,000 (47.49%) allocated to NII, 9,26,000 (47.49%) allocated to RII.
| Investor Category | Shares Offered |
|---|---|
| Market Maker Shares Offered | 98,000 (5.03%) |
| NII (HNI) Shares Offered | 9,26,000 (47.49%) |
| Retail Shares Offered | 9,26,000 (47.49%) |
| Total Shares Offered | 19,50,000 (100.00%) |
Faalcon Concepts IPO opens on April 19, 2024, and closes on April 23, 2024.
| IPO Open Date | Fri, Apr 19, 2024 |
| IPO Close Date | Tue, Apr 23, 2024 |
| Tentative Allotment | Wed, Apr 24, 2024 |
| Initiation of Refunds | Thu, Apr 25, 2024 |
| Credit of Shares to Demat | Thu, Apr 25, 2024 |
| Tentative Listing Date | Fri, Apr 26, 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on Tue, Apr 23, 2024 |
Investors can bid for a minimum of 2,000 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Individual Investors (Retail) and HNI in terms of shares and amount.
| 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 |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
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.
Faalcon Concepts Limited's revenue decreased by -28.5% and profit after tax (PAT) rose by 83.58% between the financial year ending with March 31, 2023 and March 31, 2022.
| Period Ended | 31 Oct 2023 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
| Assets | 1,417.67 | 1,292.64 | 916.77 | 553.85 |
| Total Income | 1,249.11 | 1,324.81 | 1,852.93 | 502.21 |
| Profit After Tax | 131.82 | 179.52 | 97.79 | 12.34 |
| Net Worth | 631.39 | 327.53 | 129.02 | 22.23 |
| Reserves and Surplus | 143.37 | 325.26 | 127.61 | 21.23 |
| Total Borrowing | 366.04 | 190.58 | 67.10 | 48.30 |
| Amount in ₹ Lakhs | ||||
The market capitalization of Faalcon Concepts IPO is ₹42.35 Cr.
KPI as of Tue, Oct 31, 2023.
| KPI | Values |
|---|---|
| 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 Rs | 3.68 | 3.31 |
| P/E (x) | 16.85 | 18.74 |
The company intends to utilize the net proceeds from the issue towards the funding of the following objects:
[Dilip Davda] The company is engaged in the business of installation of façade systems for any premises (commercial/residential/industrial) and has created a niche place. As of March 31, 2024, it had orders on hand worth Rs. 50 cr. Its growth in net margins is attributed to its cost effective completion of projects and such trends will continue, as opined by the management. Based on annualized FY24 earnings, the issue appears fully priced. Lower equity base post-IPO indicates longer gestation period for migration. Investors may park funds for the medium to long term rewards. Read detail review...
| Listing Date | April 26, 2024 |
| BSE Script Code | 544164 |
| NSE Symbol | |
| ISIN | INE0Q9W01015 |
| Final Issue Price | ₹62 per share |
| BSE Listing Group | MT |
| Price Details | BSE SME |
|---|---|
| Final Issue Price | ₹62.00 |
| Open | ₹95.00 |
| Low | ₹90.25 |
| High | ₹95.00 |
| Last Trade | ₹90.25 |
Faalcon Concepts Ltd.
N-75 Ground Floor Mayfield Garden,
Sector-51NA
Gurgaon - 122018
Gurgaon, Haryana
Phone: + 91-124-4383074
Email: info@faalcon.in
Website: http://www.faalcon.in/
Beetal Financial & Computer Services Pvt.Ltd.
Phone: +91 11 29961281
Email: beetal@beetalfinancial.com
Website: http://www.beetalmail.com/smeipo
Faalcon Concepts IPO is a SME IPO of 19,50,000 equity shares of the face value of ₹10 aggregating up to ₹12.09 Crores. The issue is priced at ₹62 per share. The minimum order quantity is 2000.
The IPO opens on April 19, 2024, and closes on April 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 April 19, 2024 and closes on April 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 Thursday, April 25, 2024. Check the Faalcon Concepts IPO allotment status.
The Faalcon Concepts IPO listing date is on Friday, April 26, 2024.
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