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Faalcon Concepts IPO is a fixed price issue of Rs 12.09 crores. The issue is entirely a fresh issue of 19.5 lakh shares.
Faalcon Concepts IPO bidding started from April 19, 2024 and ended on April 23, 2024. The allotment for Faalcon Concepts IPO was finalized on Wednesday, April 24, 2024. The shares got listed on BSE SME on April 26, 2024.
Faalcon Concepts IPO price is ₹62 per share. The minimum lot size for an application is 2000 Shares. The minimum amount of investment required by retail investors is ₹124,000. The minimum lot size investment for HNI is 2 lots (4,000 shares) amounting to ₹248,000.
Navigant Corporate Advisors Ltd is the book running lead manager of the Faalcon Concepts IPO, while Beetal Financial & Computer Services (P) Limited is the registrar for the issue. The market maker for Faalcon Concepts IPO is Alacrity Securities.
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 |
| Price | ₹62 per share |
| Lot Size | 2000 Shares |
| Total Issue Size | 1,950,000 shares (aggregating up to ₹12.09 Cr) |
| Fresh Issue | 1,950,000 shares (aggregating up to ₹12.09 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | BSE SME |
| Share holding pre issue | 4,880,120 |
| Share holding post issue | 6,830,120 |
| Market Maker portion | 98,000 shares Alacrity Securities |
Faalcon Concepts IPO offers 1,950,000 shares. 926,000 (47.49%) to NII, 926,000 (47.49%) to RII.
| Investor Category | Shares Offered |
|---|---|
| Anchor Investor Shares Offered | - |
| Market Maker Shares Offered | 98,000 (5.03%) |
| Other Shares Offered | 926,000 (47.49%) |
| Retail Shares Offered | 926,000 (47.49%) |
| Total Shares Offered | 1,950,000 (100%) |
Faalcon Concepts IPO opens on April 19, 2024, and closes on April 23, 2024.
| IPO Open Date | Friday, April 19, 2024 |
| IPO Close Date | Tuesday, April 23, 2024 |
| Basis of Allotment | Wednesday, April 24, 2024 |
| Initiation of Refunds | Thursday, April 25, 2024 |
| Credit of Shares to Demat | Thursday, April 25, 2024 |
| Listing Date | Friday, April 26, 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on April 23, 2024 |
Investors can bid for a minimum of 2000 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 2000 | ₹124,000 |
| Retail (Max) | 1 | 2000 | ₹124,000 |
| HNI (Min) | 2 | 4,000 | ₹248,000 |
| Lot Size Calculator | |||
Mrs. Ekta Seth, Mr. Tribhuvan Seth, and Mr. Prithvi Seth are the company's promoters.
| Share Holding Pre Issue | 91.76% |
| Share Holding Post Issue | 65.56% |
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 |
| Revenue | 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 Rs 42.35 Cr.
KPI as of October 31, 2023.
| KPI | Values |
|---|---|
| ROE | 27.49% |
| ROCE | 26.18% |
| Debt/Equity | 0.58 |
| RoNW | 20.88% |
| P/BV | 9.21 |
| PAT Margin (%) | 10.57 |
| 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...
The Faalcon Concepts IPO is subscribed 71.28 times on April 23, 2024 7:02:05 PM. 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) |
|---|---|
| Other | 93.27 |
| Retail | 47.17 |
| Total | 71.28 |
Total Application : 27,324 (59.02 times)
| Listing Date | April 26, 2024 |
| BSE Script Code | 544164 |
| NSE Symbol | |
| ISIN | INE0Q9W01015 |
| Final Issue Price | ₹62 per share |
| Price Details |
|---|
| Final Issue Price |
| Open |
| Low |
| High |
| Last Trade |
| BSE SME |
|---|
| ₹62.00 |
| ₹95.00 |
| ₹90.25 |
| ₹95.00 |
| ₹90.25 |
Faalcon Concepts Limited
N-75 Ground Floor Mayfield Garden,
Sector-51NA
Gurgaon - 122018
Phone: + 91-124-4383074
Email: info@faalcon.in
Website: http://www.faalcon.in/
Beetal Financial & Computer Services (P) Limited
Phone: +91 11 29961281
Email: beetal@beetalfinancial.com
Website: http://www.beetalmail.com/smeipo
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Faalcon Concepts IPO is a SME IPO of 1,950,000 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 Shares.
The IPO opens on April 19, 2024, and closes on April 23, 2024.
Beetal Financial & Computer Services (P) Limited 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 Shares, and the minimum amount required is ₹124,000.
You can apply in Faalcon Concepts IPO online using either UPI or ASBA as 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 apply IPO online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, 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.
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