15-Apr-2024
2 mins read
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Faalcon Concepts IPO subscription starts from Friday, April 19, 2024, and closes on Tuesday, April 23, 2024. The price of this upcoming IPO is decided at Rs 62 per share. The minimum lot size of this application for the retail category is 2000 shares. Meanwhile, the minimum lot size for the HNI category is 2 lots consisting of 4000 shares. The minimum investment required for retail category investors is Rs 1,24,000 (62 x 2000 shares). However, for the HNI category, the minimum investment amount required is Rs 2,48,000 (62 x 4000 shares). Faalcon Concepts IPO is a fixed-price issue of Rs 12.09 crores. This upcoming IPO is a fresh issue of 19.5 lakh equity shares. The offer-for-sale component is not available on this issue. The allotment for this new IPO is expected to be finalised on Wednesday, April 24, 2024. Faalcon Concepts IPO will be listed on BSE SME, and the listing date is fixed on Friday, April 26, 2024. The book-running lead manager of Faalcon Concepts IPO is Navigant Corporate Advisors Limited. The registrar for this IPO is Beetal Financial and Computer Services Limited.
About Faalcon Concepts Limited
Faalcon Concepts Limited was incorporated in 2018 and is engaged in the business of designing, engineering, fabrication, and installation of facade systems. The company offers facade that are resistant to the UV rays, acid rain, dust, noise and other influences. The company believes in offering solutions to their customers concerning their requirements for facade installation in complex projects. They specialise in a technically demanding facade. The company offers a wide range of products to meet the demands of their customers. Faalcon’s product portfolio includes glazing/curtain walls, aluminium doors and windows, skylight, canopies, frameless glazing, MS structures, stone cladding, metal cladding etc. Falcoon Concepts' customers list includes names like Espirit Techno Consultant Private Limited, Galaxy Magnum Infra Height Limited, Babbar Films and many more. The company’s customer base is spreaded in various states like Haryana, U.P, Rajasthan, M.P, Gujarat, Delhi, Punjab. As of December 2023, the company had a total team of 26 employees.
Objectives of Faalcon Concepts IPO
The company will use the funds raised from this Faalcon Concepts IPO to finance the capital expenditure for the purchase of facade structural equipment. The funds will also be used to meet the working capital requirements. In addition, general corporate purposes will also be met.
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Financials of Faalcon Concepts Limited (Amt in Rs Lakhs)
Faalcon Concepts posted a revenue of Rs 1,249.11 lakhs and PAT of Rs 131.82 for the quarter ended on 31 October 2023. The company’s revenue decreased by -28.5% but net profit rose by 83.58% for the FY ending on 31 March 2023 and 31 March 2022.
| Period Ended | 31-Oct-23 | 31-Mar-23 | 31-Mar-22 | 31-Mar-21 |
| 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 | 67.1 | 48.3 |
Other Important Details of Faalcon Concepts IPO
| IPO Date | April 19, 2024 to April 23, 2024 |
| Listing Date | 26-Apr-24 |
| Face Value | Rs 10 per share |
| Price | Rs 62 per share |
| Lot Size | 2000 Shares |
| Total Issue Size | 1,950,000 shares amounting to Rs 12.09 crore |
| Fresh Issue | 1,950,000 shares amounting to Rs 12.09 crore |
| Issue Type | Fixed Price Issue IPO |
| Listing At | BSE SME |
| Shareholding pre issue | 4,880,120 |
| Shareholding post issue | 6,830,120 |
| Market Maker portion | 98,000 shares |
Time-Table of Faalcon Concepts IPO
| 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 | 5 PM on April 23, 2024 |
Lot Size of Faalcon Concepts IPO
| Application | Lots | Shares | Amount |
| Retail - minimum | 1 | 2000 | Rs 124,000 |
| Retail - maximum | 1 | 2000 | Rs 124,000 |
| HNI - minimum | 2 | 4,000 | Rs 248,000 |
IPO Reservation of Faalcon Concepts Limited
| Investor Category | Shares Offered |
| Retail | 50 percent of the Net issue |
| Others | 50 percent of the Net issue |
Key Performance Indicator of Faalcon Concepts Limited IPO
| KPI | Values |
| ROE | 27.49% |
| ROCE | 26.18% |
| RoNW | 20.88% |
| P/BV | 9.21 |
| PAT Margin | 10.57 |
EPS and P/E Ratio Post IPO
| Pre IPO | Post IPO | |
| EPS (Rs) | 3.68 | 3.31 |
| P/E | 16.85 | 18.74 |
Promoters of Faalcon Concepts Limited and Their Holdings
The promoters of Faalcon Concepts company are Mrs. Ekta Seth, Mr. Tribhuvan Seth, and Mr. Prithvi Seth.
| Shareholding Pre Issue | 91.76 percent |
| Shareholding Post Issue | 65.56 percent |
Lead Manager(s) of Faalcon Concepts IPO
The lead manager for Faalcon Concepts IPO is Navigant Corporate Advisors Limited.
How do you apply for the Faalcon Concepts IPO?
Wait for the public issue to open for subscription, then click here to apply for the Faalcon Concepts Limited IPO with Bigul.
How do you check the allotment status of Faalcon Concepts IPO?
The registrar for Faalcon Concepts IPO is Beetal Financial and Computer Services Limited. To check your allotment status, please click here.
FAQs
1. What is the Faalcon Concepts IPO?
Faalcon Concepts IPO is a fixed-price issue of Rs 12.09 crores. This upcoming IPO is a fresh issue of 19.5 lakh equity shares. The offer-for-sale component is not available on this issue. The price of this upcoming IPO is decided at Rs 62 per share. The minimum lot size of this application for the retail category is 2000 shares.
2. Who are the lead managers for the Faalcon Concepts Limited IPO?
Navigant Corporate Advisors Limited is appointed as the lead manager for this Initial Public Offer.
3. What is the role of Beetal Financial and Computer Services Limited in this IPO?
Beetal Financial and Computer Services Limited is the registrar for Faalcon Concepts Limited, handling the IPO's administrative aspects.
4. How can I apply for the Faalcon Concepts IPO?
The public subscription of this new IPO will open on April 19, 2024. Click here to initiate the application process.
5. How will the net proceeds from the IPO be utilised?
The company will use the funds raised from this Faalcon Concepts IPO to finance the capital expenditure for the purchase of facade structural equipment. The funds will also be used to meet the working capital requirements.
6. How can I check the allotment status of the IPO?
Investors who applied can check the allotment status of the Faalcon Concepts Limited IPO by visiting here. For further updates follow Bigul.
7. What is the financial performance of Faalcon Concepts Limited?
Faalcon Concepts posted a revenue of Rs 1,249.11 lakhs and PAT of Rs 131.82 for the quarter ended on 31 October 2023. The company’s revenue decreased by -28.5% but net profit rose by 83.58% for the FY ending on 31 March 2023 and 31 March 2022.
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