Falcon Technoprojects India Limited

19 Jun 2024 - 21 Jun 2024 Individual Category SME NSE

Min Investment

₹110400

Price Band

₹92

Issue Size

14.88 lakhs
Equity Shares

Lot Size

1200

IPO Dates
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19 Jun 2024

Open Date

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21 Jun 2024

Close Date

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24 Jun 2024

Allotment Date

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26 Jun 2024

Listing Date

Falcon Technoprojects India IPO is open for subscription starting Wednesday, June 19, 2024, and closing on Friday, June 21, 2024. The price of this upcoming IPO is decided at Rs 92 per share. The minimum lot size set for the retail category is 1200 shares. Meanwhile, the minimum lot size for the HNI category is 2 lots consisting of 2400 shares. The minimum investment required for retail category investors is Rs 1,10,400 ( 92 x 1200 shares). However, for the HNI category, the minimum investment amount required is Rs 2,20,800 (92 x 2400 shares). Falcon Technoprojects India IPO is a fixed price issue of Rs 13.69 crores. This upcoming IPO is entirely a fresh issue of 14.88 lakh equity shares. The allotment for this new IPO is expected to be finalised on Monday, June 24, 2024. Falcon Technoprojects India IPO will be listed on NSE SME, and the listing date is fixed on Wednesday, June 26, 2024. The book-running lead manager of Falcon Technoprojects India IPO is Kunvarji Finstock Private Limited. The registrar for this IPO is Kfin Technologies Private Limited. The market maker for this IPO is Nikunj Stock Brokers.

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About Falcon Technoprojects India Limited

Falcon Technoprojects India Limited established in 2014, provides mechanical, electrical and plumbing services across india. It operates in various sectors such as petroleum refineries, real estate, nuclear power, construction, etc. Falcon Technoprojects India offers mechanical, electrical and plumbing services. Mechanical, Electrical, and Plumbing services refer to installation services that provide comfortable spaces for building occupants. These services specifically deal with designing, selecting, and installing integrated Mechanical, Electrical, and Plumbing systems. This includes air conditioning, power and lighting system installation, water, supply and drainage. By integrating these separate systems into one, the operation can be made more energy-effective. The design of MEPs is important for planning, decision-making, accurate documentation, performance and cost estimation, construction, and ultimately the facility’s operation and maintenance. MEP services specifically cover the in-depth design and selection of these systems, rather than simply installing the equipment. 

Founded

2014

Managing Director

Bharat Shreekishan Parihar and Sheetal Bharat Parihar

Parent Organization

IPO Objectives

The net proceeds received from this public offer will be used to fulfill the company's day-to-day capital needs and ensure its smooth functioning. In addition, general corporate purposes will also be met.

Company Promoters

Subscription Details

Investor Category Subscription (times)
Qualified Institutions 0
Non-Institutional Buyers 0
bNII (bids above ₹10L) 0
sNII (bids below ₹10L) 0
Retail Investors 0
Employees 0
Others 0
Total 0
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