Faalcon Concepts IPO: Open/Close Date, Price, Lot Size, Allotment & Subscription

IPO Details

Bidding Dates

19 Apr '24 - 23 Apr '24

Minimum Investment

₹124,000 / 1 Lot ( 2,000 Shares )

Price Range

₹62

Maximum Investment

₹124,000 / 1 Lot ( 2,000 Shares )

Retail Discount

Not Applicable

Issue Size

₹12.09 Cr

Investor category and sub category

Qualified Institutional Buyers | Retail Individual Investors | Non-institutional Investor |

IPO Dates

Important dates with respect to IPO allotment and listing

IPO Opening Date

Apr 19, 2024

IPO Closing Date

Apr 23, 2024

Basis of Allotment

Apr 24, 2024

Initiation of Refunds

Apr 25, 2024

Credit of Shares to Demat

Apr 25, 2024

IPO Listing Date

Apr 26, 2024

Cut-off time for UPI mandate confirmation

Apr 23, 2024

About Faalcon Concepts Ltd

Faalcon Concepts Limited, established in 2018, is a prominent enterprise specializing in the planning, design, fabrication, and installation of façade systems. The company is adept at providing solutions tailored to complex architectural projects and is known for its comprehensive range of products including glazing and curtain walls, high-end aluminium doors and windows, skylights, canopies, frameless glazing, MS structures, stone cladding, metal cladding, and roofing.

These façade systems are designed to withstand environmental challenges such as UV rays, acid rain, dust, and noise, ensuring durability and performance.

With its headquarters servicing a diverse clientele, Faalcon Concepts has successfully executed projects for various educational institutions, financial entities, hospitality venues, corporate offices, and luxury residences.

The company's client roster features notable names such as 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, and Gurgaon High School, among others.

Faalcon Concepts has an extensive reach within India, serving states like Haryana, Uttar Pradesh, Rajasthan, Madhya Pradesh, Karnataka, Gujarat, Punjab, and Delhi, as well as catering to international markets.

As of December 23, 2023, Faalcon Concepts Limited maintains a dedicated team of 26 employees.

Industry Outlook:

The facade market is benefiting from a resurgence in construction post-COVID-19, with increased activity in commercial and residential projects driving demand for innovative façade solutions.
Energy efficiency and aesthetic enhancement are key drivers for the façade industry, with solar façades like Mitrex's Solar Brick exemplifying the move towards integrated renewable energy solutions.

Faalcon Concepts Ltd IPO Details

Faalcon Concepts Ltd IPO Dates

Faalcon Concepts IPO is open from April 19, 2024, to April 23 2024. The IPO will be listed on BSE SME.

Faalcon Concepts Ltd IPO Price Band

Faalcon Concepts is a fixed price issue IPO. The price band is set at ₹62 per share.

Faalcon Concepts Ltd IPO Lot Size

The lot size for Faalcon Concepts Limited’s IPO is 2,000 shares with a minimum investment of ₹1,24,000.

Faalcon Concepts Ltd IPO Objectives

The company plans to allocate the net proceeds from the issuance to the following purposes:

To finance the Capital Expenditure for the purchase of facade Structural Equipments;
To part finance the requirement of Working Capital; and
To meet General corporate purposes.

Peer Details

Faalcon Concepts considers only Innovators Facade Systems Ltd among its industry-listed peers.

How to Check the Allotment Status of the Faalcon Concepts Ltd IPO?

Steps to check IPO allotment status on Angel One’s app:

Log in to the Angel One app
Go to the Individual order details page of the IPO that you had applied for.
Check the IPO allotment status. As such, Angel One will notify you of your IPO allotment status via push notification, email and SMS.

Contact Details of Faalcon Concepts Ltd IPO

Registered office: N-75 Ground Floor Mayfield Garden, Sector-51NA Gurgaon HR 122018
Phone: + 91-124-4383074
E-mail:info@faalcon.in

IPO Financials

Particulars	7-Month period Ending on October 31, 2023	Year Ending on March 31, 2023	Year Ending on March 31, 2022	Year Ending on March 31, 2021
Revenue from Operations (in ₹ lakh)	1,246.55	1,315.17	1,840.80	502.18
Profit After Tax (PAT) (in ₹ lakh)	131.82	179.52	97.79	12.34
Cash & Cash Equivalents (in ₹ lakh)	37.44	113.99	17.38	44.07
Net Worth (in ₹ lakh)	631.39	327.53	129.02	22.23
Debt to Equity Ratio(x)	0.58	0.58	-	-
Return on Net Worth(%)	20.88%	54.81%	75.80%	55.51%
Return on Capital Employed (RoCE) (x)	0.25	0.67	-	-
Diluted Earning Per Share (EPS)-in absolute ₹	2.71	3.69	2.01	0.25

Know before investing

Strengths

They have undertaken projects across various segments in Residential, Commercial and Institutional buildings. Their experience with a wide variety of clients prepares them for future requirements better.
They are recognised for their capability to translate innovative architectural concepts into practical solutions, feasible in both technical and economic terms. Their success in the field is the result of constant research for innovation and improvement of the end-user experience.

Risks

For the period ended March 31, 2021, March 31, 2022, and March 31, 2023, and for 7 months ended October 31, 2023, their revenue from operations from their top 10 customers contributed to 78.45%, 90.70%, 85.65% and 85.49% respectively of their revenues from operations. Therefore, the loss of even one of these customers can disrupt their revenue flows.
For the Fiscals 2021, 2022, 2023 and 7 months ended October 31, 2023, purchases from their top ten suppliers represented 82.56%, 96.74%, 80.59% and 74.82% of their total purchases, respectively. Issues with a single supplier can thus disrupt their operations.