Faalcon Concepts Limited has announced Initial Public Offerings (IPO) to raise ₹12 crore. Faalcon Concepts IPO will open for subscription in three days, 19 April 2024. Interested investors can read the article to know the details of Faalcon Concepts Limited upcoming IPO.
Faalcon Concepts Limited IPO
Faalcon Concepts Limited engages in the business of designing, planning, fabricating, and installation of facade systems for the construction industry. The company will initiate its first public issue on 19 April 2024. The investors can bid for the Faalcon Concepts IPO till 23 April 2024.
The company aims to utilize the Faalcon Concepts Limited IPO funds to purchase the facade Structural equipment and meet the requirements of working capital of the company.
The allotment of IPO shares will commence on 24 April 2024. The initiation of refund for the subscribed shares that did not get allotted to you during the allotment of shares will be processed from 25 April 2024.
Faalcon Concepts Limited plans to list the shares after IPO on BSE SME on 26 April 2024. Investors must mark the following dates of the Faalcon Concepts Limited IPO event:
| Date | Faalcon Concepts Limited IPO Events |
| 19 April 2024 | IPO Opens |
| 23 April 2024 | IPO closes |
| 24 April 2024 | Allotment of IPO |
| 25 April 2024 | Refund Initiation |
| 26 April 2024 | Listing Date |
| 23 April 2024 | UPI Mandate Confirmation |
Faalcon Concepts Limited IPO Details
The fixed price issue of Faalcon Concepts Limited IPO is their first public issue of 19.5 lakh shares. The company plans to raise ₹12.09 crore from the IPO issue.
As per the IPO prospectus of Faalcon Concepts Limited, the price band of the Faalcon Concepts Limited IPO is decided at ₹62 per equity share with a face value of ₹10 per equity share.
The minimum market lot size of the Faalcon Concepts Limited IPO for bidding is 2000 shares. The market maker of Faalcon Concepts Limited, Alacrity Securities holds 5% (98,000) shares of the IPO issue.
The promoters of Faalcon Concepts Limited Mr. Tribhuvan Seth, Mrs. Ekta Seth, and Mr. Prithvi Seth held 91.76% (4,880,120) shares of the company before the issue, which would be diluted to 65.56% (6,830,120) after the IPO issue.
The registrar of the Faalcon Concepts Limited IPO decided after the IPO pitch is Beetal Financial & Computer Services (P) Limited and the book-running lead manager is Navigant Corporate Advisors Limited.
| Company | Faalcon Concepts Limited |
| IPO Type | Fixed Price Issue |
| IPO issue Size | 1,950,000 shares (matches up to ₹12.09 Crore) |
| Face Value | ₹10 per equity share |
| Price Band | ₹62 per equity share |
| Lot Size | 2000 |
| Fresh Issue | 1,950,000 shares (matches up to ₹12.09 Crore) |
| OFS | Nil |
| Listing at | BSE SME |
| Market Maker Shares | 5.05% (98,000 shares) |
Faalcon Concepts Limited IPO Reservation and Lot Size
The company has reserved the shares offered as per the investor category for the upcoming IPO in the following manner:
| Investor Category | Shares Offered |
| Retail Investors | Not more than 50% of the net issue |
| Other investors | Not less than 50% of the offered shares |
The investors can bid for 2000 shares in one lot size, which can multiply by increasing the lot size. A retail investor would need a minimum investment of ₹124,000 to bid for the Faalcon Concepts Limited IPO. The minimum and maximum investment by retail investors and HNI (High-Networth Individuals) is given in the following table:
| Investor Category | Lots | Shares | Amount |
| Retail (min.) | 1 | 2000 | ₹124,000 |
| Retail (max.) | 1 | 2000 | ₹124,000 |
| HNI (min.) | 2 | 4000 | ₹248,000 |
Faalcon Concepts Limited IPO Financial Information
According to the Faalcon Concepts IPO prospectus, the company recorded a net profit of ₹1.79 crore in FY 2023 from a profit of ₹97.79 lakh in FY 2022.
Here’s the financial information of Faalcon Concepts Limited:
| Financial Indicators | 31 Oct 2023 | 31 Mar 2023 | 31 Mar 2022 |
| Revenue | 1249.11 | 1324.81 | 1852.9 |
| Net Worth | 631.39 | 327.53 | 129.02 |
| PAT | 131.82 | 179.52 | 97.79 |
| Assets | 1417.6 | 1292.6 | 916.7 |
| Total Borrowing | 366.04 | 190.58 | 67.10 |
| Reserves and Surplus | 143.37 | 325.26 | 127.61 |
The return of the Net Worth of Faalcon Concepts Limited for October 2023 is around 20.88%. Investors must bid for the IPO after doing thorough research on the company and its market value.
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