June 26, 2024
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Falcon Technoprojects IPO GMP Guidance & Subscription Status at Chanakyanipothi.com,
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Falcon Technoprojects IPO listing review
The scrip is listed at Rs 84, discount of 8.70% over the offer price. The listing has been below the expectations of the grey market.
What is the last GMP of Falcon Technoprojects IPO?
GMP Rs. 0
Subject to rates: Rs. 0
Subscription status of Falcon Technoprojects IPO
On 21 June 2024 @ 5.00 (Day 3) (Closed)
Review:
NII: 45.02 T
RII: 82.72 T
Total: 65.32 T
Application: 48723 (82.72X)
Amount wise Subscription: Rs. 849.81 Crore
What is the business of Falcon Technoprojects?
Falcon Technoprojects India is an ISO 9001:2015 certified company engaged in the business of providing Mechanical, Electrical and Plumbing (“MEP”) services to its PAN India customers which are operating in various sectors including Petroleum Refineries, Residential Townships, Atomic Energy, Civil Construction, etc. Mechanical, Electrical, and Plumbing (“MEP”) services refer to installation services that provide comfortable spaces for building occupants. These services specifically deal with the design, selection, and installation of the integrated Mechanical, Electrical, and Plumbing systems. It includes installing air-conditioning systems, power and lighting systems, water supply and drainage, fire prevention and fighting systems, and telephones. 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.
Get more information about the company @ www.falcongroupindia.com
| Falcon Technoprojects IPO Details | |
| IPO opens on | 19 June 2024 |
| IPO closes on | 21 June 2024 |
| Issue Type | Book Built Issue IPO |
| Issue Size | 1488000 Shares / Rs 13.69 Crore |
| * Fresh Issue | 1488000 Shares / Rs 13.69 Crore |
| * Offer for Sale | – Shares / Rs – Crore |
| Market Maker Portion | 74400 Shares |
| Net offer to Public | 1413600 Shares / Rs 13.01 Crore |
| Face Value per share | Rs. 10 |
| Price Band | Rs.92 |
| Employee discount | Rs. 0 per share |
| Retail Lot Size | 1200 Shares |
| Listing will at | BSE SME |
| Shares offered in Falcon Technoprojects IPO | ||
| Shares | Rs. (Crore) | |
| QIB (0%) | – | – |
| NII (50%) | 706800 | 6.51 |
| RII (50%) | 706800 | 6.50 |
| Total Shares | 1413600 | 13.01 |
| Retail portion will be oversubscribed by | 589 | |
| Forms | ||
| How much Shares to Apply in Falcon Technoprojects IPO? | ||
| Min Retail Application | 1200 Shares | Rs. 110400 |
| Min HNI Application | 2400 Shares | Rs.220800 |
Who are the Promoters of Falcon Technoprojects IPO?
Bharat Shreekishan Parihar and Sheetal Bharat Parihar are the promoters of the company.
What are the Objects of GEM Enviro IPO?
The Offer comprises of a Fresh Issue of Equity shares
The company intends to utilize the proceeds of the Offer to meet the following objects: –
1.Working Capital Requirements of the company; and
2. General Corporate Purposes
| Falcon Technoprojects IPO Tentative timetable | |
| IPO opens on | 19 June 2024 |
| IPO Closes on | 21 June 2024 |
| IPO Allotment on | 24 June 2024 |
| Refund Initiation | 25 June 2024 |
| Credit of Shares | 25 June 2024 |
| Listing on | 26 June 2024 |
| Registered Office of the Company Falcon Technoprojects India Limited Unit No. 17/18, 1st Floor, Keshav Building, Vasudev Sky High Complex, Beverly Park, Mira Road East – 401107 |
| Who is the Lead Manager of Falcon Technoprojects IPO? Kunvarji Finstock Pvt Ltd |
| Who is the Registrar to IPO? Kfin Technologies Limited |
| Falcon Technoprojects IPO Financial & Analytical Ratios | ||||
| Year | Total Income | Net Profit | EPS | RoNW |
| Rs.in Cr | Rs.in Crore | Rs. | % | |
| 2020-21 | 9.46 | 0.30 | 0.88 | 31.07 |
| 2021-22 | 22.90 | 1.03 | 3.07 | 44.57 |
| 2022-23 | 16.57 | 1.04 | 3.10 | 23.16 |
| Book Value of the Share on | 31.12.2023 | Rs | ||
| BV of the Share at cap price | after the IPO | Rs. 23.23 | ||
| Offer Price/upper band | Rs. 92 | |||
| GEM Enviro IPO Key Performance indicators |
|
| Price/last EPS of 22-23 | – |
| Price/BV Ratio | – |
| Upper price/BV after IPO | – |
How Falcon Technoprojects IPO compares with the Peers?
As of the date of this Red Herring Prospectus there are no listed companies that are engaged in the business exactly similar to this company.
| As on date of RHP | FV | Total | PE |
| Rs. | Income | Ratio of | |
| Rs. In Cr | |||
# This is only coverage of News related to Grey Market Premium & subject to rates. We do not deal in grey market premium. We do not recommend dealing in Grey Market. Investment decision based on Grey Market trends can be faulty.
Falcon Technoprojects IPO Guidance
Falcon Technoprojects India is an ISO 9001:2015 certified company engaged in the business of providing Mechanical, Electrical and Plumbing (“MEP”) services to its PAN India customers which are operating in various sectors including Petroleum Refineries, Residential Townships, Atomic Energy, Civil Construction, etc. Mechanical, Electrical, and Plumbing (“MEP”) services refer to installation services that provide comfortable spaces for building occupants.
Size: The size of the IPO is very small eg. just Rs. 13.01 crore. The retail portion is only 706800 shares/ Rs. 6.50 crore and retail portion can get oversubscribed by only 589 applications. So getting full subscription is not an issue.
Analysis of Financials: During September 2023, eg after the end of the Financial year 2022-23, the company has issue bonus shares, converted unsecured loan to equity and also there was preferential issue of shares. So the EPS as shown for the year 2022-23 has to be reworked. The EPS as shown in DRHP cannot be relied for financial decision.
Guidance: As indicated above, during the month of September 2023, the company issued bonus shares and accordingly its share capital has increased to 335 lac shares from just 50 lac shares. Accordingly if we rework the EPS, the PE is very exorbitants and accordingly, we believe the shares are not attractive and the IPO may be avoided.
Quicklinks
Falcon Technoprojects IPO GMP today details
Falcon Technoprojects IPO
Falcon Technoprojects IPO FAQs
What is Falcon Technoprojects IPO?
Falcon Technoprojects IPO is a SME IPO of 1488000 equity shares of the face value of Rs. 10 aggregating up to Rs.13.69 Crores. The issue is priced at Rs.92 per share. The minimum order quantity is 1200 Shares.
When will Falcon Technoprojects IPO open?
Falcon Technoprojects IPO opens on June 19, 2024, and closes on June 21, 2024.
What is the lot size of Falcon Technoprojects IPO?
Falcon Technoprojects IPO lot size is 1200 Shares, and the minimum amount required is Rs.110400.
How to apply for Falcon Technoprojects IPO?
You can apply in Falcon Technoprojects 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.
When is Falcon Technoprojects IPO allotment?
The finalization of Basis of Allotment for Falcon Technoprojects IPO will be done on 24 June 2024, and the allotted shares will be credited to your demat account by June 25, 2024.
When is GPES Solar IPO listing date?
Falcon Technoprojects IPO listing date is June 26, 2024.
