Falcon Technoprojects India IPO

About Falcon Technoprojects India Limited

Falcon Technoprojects India Limited is a public limited company. It was established as a sole proprietorship by Mr Bharat Shreekishan Parihar in 2010. It was incorporated as a private limited company in 2014 and later converted to a public limited company in 2023. The company is ISO 9001:2015 certified and provides comprehensive Mechanical, Electrical, and Plumbing (MEP) services across India. These services cater to various sectors, including petroleum refineries, residential townships, atomic energy, and civil construction.

Falcon Technoprojects India Limited offers a wide range of MEP services, focusing on integrating systems' design, selection, and installation. Mechanical services include HVAC (Heating, Ventilation, and Air Conditioning) and fire-fighting systems, while electrical services cover high and low-tension projects, power generation, lighting, and energy management. Plumbing services encompass sanitary fixtures, drainage systems, and water supply systems.

Industry Outlook:

1. The Index of Industrial Production (IIP) grew by 5.8% in FY 2024, with the manufacturing sector, holding a 77.6% weightage, growing by 5.5%.
2. The service sector's contribution to India’s Gross Value Added (GVA) has increased to nearly 55% in FY 2024, with an average growth of 8.8% in the post-pandemic period.
3. Gross Fixed Capital Formation (GFCF) grew by 10% in FY 2024, with the GFCF to GDP ratio reaching a high of 34%.

Falcon Technoprojects India Limited IPO Details

Falcon Technoprojects India Limited IPO Dates

Falcon Technoprojects India Limited IPO is open from June 19, 2024 to June 21, 2024. The IPO will be listed on NSE SME.

Falcon Technoprojects India Limited IPO Price Band

Falcon Technoprojects India Limited is a fixed-price issue IPO. The price is set to ₹92 per share.

Falcon Technoprojects India Limited IPO Lot Size

The lot size for Falcon Technoprojects India Limited’s IPO is 1 lot of 1200 shares, with a minimum investment of ₹1,10,400.

Falcon Technoprojects India Limited IPO Objectives

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

1. Allocate ₹1,026.72 lakhs from the Net Proceeds towards funding working capital needs. This includes funding future growth and other business purposes. The balance will come from existing equity, internal accruals, and borrowings.
2. The company intends to utilise the rest of the gross proceeds for general corporate purposes, including full or partial repayment of borrowings, working capital, growth opportunities, operational expenses, and handling business exigencies. Up to 25% of the Gross Proceeds can be allocated here, as per SEBI ICDR Regulations.

Peer Details

According to RHP Falcon Technoprojects India Limited does not have any listed peer companies for comparison of performance.

How to Check the Allotment Status of the Falcon Technoprojects India Limited 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 Falcon Technoprojects India Limited IPO

• Registered office: Unit No. 17/18, 1st Floor, Keshav Building, Vasudev Sky High Complex, Beverly Park, Mira Road East, Maharashtra- 401107
• Phone: +91 22 3512 9249
• E-mail:cs@falcontechnoprojects.com