Falcon Technoprojects India IPO’s bids starts from Wednesday, June 19 and ends on Friday, June 21. The IPO is a fixed price issue of ₹13.68 crores The issue is entirely fresh issue of 14.88 lakhs equity shares. Price of the issue is fixed to ₹92 per equity shares with a face value of ₹10. The issue shall be listed on NSE SME with a tempting date fixed as Wednesday, June 26.
The minimum lot size of the issue is 1200 equity shares and its multiples thereafter. The minimum and the maximum amount of investments required for Retails is ₹1,10,400. The minimum lot size for HNI (High Net-worth Individuals) is 2 lot, amounting to ₹2,20,800. Falcon Technoprojects India has reserved 50% of shares in the public issue for retails and 50% for others.
Financials
| 31 JAN 2024 | 31 MAR 2023 | 31 MAR 2022 | |
| Revenue | 10.36 | 16.56 | 22.90 |
| Profit | 0.86 | 1.03 | 1.02 |
| Total Borrowing | 7.81 | 12.32 | 9.62 |
Object of the offer
- To meet working capital requirements
- General corporate purpose
Risk Factors
- Certain legal proceeding against the company.
- Company had reported certain negative cash flow in the previous year
- Company have debt of ₹7.81 crores which is 9 times more than its profit.
About Falcon Technoproject India Limited
Falcon Technoproject India Limited formerly known as ‘Falcon Technoproject India Private Limited’ was established on 2014 by its promoter Mr. Bharat Parihar. The company offers Mechanical, Electrical, Fire fighting & Plumbing services.
On January 31, 2024, the company had a total of 24 employees.
