Faalcon Concepts Limited IPO is set to launch on 19 April, 2024. The company initiated its business operations in the year 2018. It is involved in the business of design, planning, installation and fabrication of facade systems. It offers facades resistant to UV rays, dust, acid rain, noise, and other influences. The product portfolio of the company includes aluminium, glazing / curtain walls, skylights, aluminium windows, frameless glazing, canopies, stone cladding, MS structures, roofing and metal cladding. The client list of the company includes Galaxy Magnum Infra Height Limited, Esprit techno Consultant Private Limited, Maconns infra Private limited, Babbar Films, St. Xavier School, 107 Stone Regency Private Limited, etc. Company has an employee base of 26 people.
Faalcon Concepts Limited IPO DETAILS
Faalcon Concepts Limited IPO is set to launch on 19 April, 2024. The subscription timeline extends till 23 April, 2024. The size for the IPO is 12.09 Crore Rs. Shares issued through fresh issue mode are worth Rs 12.09 Crore. No shares are issued through offer for sale mode. The lot size is 2000 shares and the price is 62 Rs per share. The company is going to get listed on BSE SME. The face value per share is Rs.10 and this is a Fixed Price Issue. The registrar for the company is Beetal Financial and Computer Services (P) Limited.
Tabular Description of Faalcon Concepts Limited IPO
| IPO OPENING DATE | 19 April, 2024 |
| CLOSING DATE FOR IPO | 23 April, 2024 |
| ISSUE TYPE | Fixed Price Issue |
| Face Value per share | 10 Rs. per share |
| IPO price band | 62 Rs per share |
| LOT SIZE | 2000 shares |
| MINIMUM ORDER QUANTITY | 2000 shares |
| ISSUE SIZE | 12.09 Crore Rs. |
| OFFER FOR SALE | No shares are issued through offer for sale mode |
| FRESH ISSUE | 12.09 Crore Rs. |
| LISTING AT | BSE SME |
| LISTING DATE | 26 April, 2023 |
Faalcon Concepts Limited IPO : IMPORTANT DATES
| IPO OPENING DATE | 19 April, 2024 |
| CLOSING DATE FOR IPO | 23 April, 2024 |
| IPO ALLOTMENT DATE | 24 April, 2024 |
| REFUNDS | 25 April, 2024 |
| DEMAT A/C CREDITED ON | 25 April, 2024 |
| IPO LISTING DATE | 36 April, 2024 |
Faalcon Concepts Limited IPO begins for subscription from 19 April, 2024. The IPO subscription would continue till 23 April, 2024. The allotment status for the shareholders who applied would come on 24 April, 2024. The refunds for the ones who did not get allotment would be initiated on 25 April, 2024. The DEMAT accounts of shareholders would be credited on 25 April, 2024. The listing of the company would be completed on 26 April, 2024.
Faalcon Concepts Limited IPO : Lead Managers
The lead managers are :
- Navigant Corporate Advisors Limited
The minimum lot size for the company is decided at 2000 shares. This holding accounts to 124000 Rs.. The maximum lot size is decided at 4000 shares (HNI). This amounts to 248000 Rs.. Hence the company’s final holdings would be set as :
| Shares | Amount | |
| Minimum | 2000 shares | 124000 Rs. |
| Maximum | 4000 shares | 248000 Rs. |
OBJECTIVES FOR THE IPO
- IPO proceeds would be used for general corporate purposes.
- The company will use the IPO money for further working capital requirements.
- The IPO money will be used for investment into the subsidiaries of the company for working capital requirement and margin money for term loan of the same company.
COMPANY FINANCIALS
| Particularly (in Lakh Rs.) | 2020-21 | 2021-22 | 2022-23 |
| Asset | 553 | 916 | 1292 |
| Revenue | 502 | 1852 | 1324 |
| PAT | 12 | 97 | 179 |
Faalcon Concepts Limited had an asset base of 553 Lakh Rs in 2021 which increased to 916 Lakh Rs in 2022. The asset base of the company was 1292 Lakh Rs in 2023. The revenue of the firm was 502 Lakh Rs in 2021 which increased to 1852 Lakh Rs in 2022. The revenue of the firm decreased to 1324 Lakh Rs in 2023. The profit of the firm was 12 Lakh Rs in 2021 which increased to 97 Lakh Rs in 2022. The profit of the firm increased to 179 lakh Rs in 2023.
PROS
- It offers facades resistant to UV rays, dust, acid rain, noise, and other influences. The product portfolio of the company includes aluminium, glazing / curtain walls, skylights, aluminium windows, frameless glazing, canopies, stone cladding, MS structures, roofing and metal cladding.
- The client list of the company includes Galaxy Magnum Infra Height Limited, Esprit techno Consultant Private Limited, maccons infra Private limited, babbar Films, St. Xavier School, 107 Stone Regency Private Limited, etc.
- Company has an employee base of 26 people.
Faalcon Concepts Limited IPO Application Process with Zerodha
It is very easy to apply for an IPO now if you have a DEMAT account with Zerodha. Follow the steps below for the same :
- Logging into Zerodha console through its website or KITE platform. Clicking the IPO section present in the ORDER tab.
- Click the Ramdeobaba Solvent Limited IPO button and press the BID button.
- Entering the details asked for like UPI ID, Quantity and price.
- Submit the application form for the IPO.
- Visiting the application of UPI for approving the transaction.
Now, applying for an IPO online is possible with most of the Discount and online brokers.
