Mumbai (Maharashtra) [India], June17: Mumbai based mostly Falcon Technoprojects India Ltd specialised in offering mechanical, electrical and plumbing providers to shoppers throughout sectors equivalent to petroleum refineries, housing estates, nuclear energy, development and many others is planning to raise up to Rs. 13.69 crore from its SME public problem. The corporate has acquired approval to launch its public problem on NSE Emerge Platform of Nationwide Inventory Alternate. The public problem open for subscription on June 19 and closes on June 21. The Proceeds of the public problem will likely be utilised to fund firm’s growth plans together with assembly working capital necessities and normal company functions. Kfin Applied sciences Ltd is the lead supervisor of the problem.
Firm to problem 14.88 lakh Fairness shares of Rs. 10 face worth at Rs. 92 per share; To record NSE EMERGE Platform of NSE
| Highlights:- – Contemporary Public problem of Rs. 13.69 crore opens for subscription from June 19 to June 21 – Minimal lot dimension for utility is 1200 shares; Minimal IPO utility quantity Rs. 1,10,400 – Funds raised by the problem will likely be used to meet the working capital necessities and normal company functions – For 10 months of FY23-24 firm reported revenues of Rs. 10.36 crore and Web Revenue of Rs. 87 lakh – Firm’s consumer record consists of – BARC, BPCL, Akashvani, NPCIl, MOIL, Air India, Tata Housing, Lodha, L&T, JSW, GVK, Shapoorji Pallonji, Reliance, HAL, Jio, Hubtown amongst others. – Kfin Applied sciences Ltd is the lead supervisor of the problem. |
The preliminary public providing of Rs. 13.69 crore contains of a recent problem of 14.88 lakh fairness shares of face worth Rs. 10 every at Rs. 92 per share. Out of the recent problem of Rs. 13.69 crore, firm plans to make the most of Rs. 10.27 crore in direction of working capital necessities and Rs. 2.81 crore in direction of normal company goal. Minimal lot dimension for the applying is 1200 shares which interprets in to funding of Rs. 1,10,400 per utility.
Retail investor quota for the IPO is stored at 50% of the online supply. Promoter holding pre problem stands at 84.20%.
Established in 2014, Falcon Technoprojects India Restricted offers mechanical, electrical and plumbing providers to its shoppers throughout India and operates in numerous sectors equivalent to petroleum refineries, housing estates, nuclear energy, development, and many others. The corporate provides mechanical, electrical and plumbing (MEP) providers. These providers embrace the design, choice and set up of built-in mechanical, electrical and plumbing techniques. This consists of the set up of air con, energy and lighting techniques, water provide and drainage, fireplace safety and fireplace extinguishing techniques and telephones. Firm’s consumer record consists of – BARC, BPCL, Akashvani, NPCIl, MOIL, Air India, Tata Housing, Lodha, L&T, JSW, GVK, Shapoorji Pallonji, Reliance, HAL, Jio, Hubtown amongst others.
For 10 months of FY23-24 ended January 2024, firm has reported internet revenue of Rs. 87 lakh and income of Rs. 10.37 crore as in contrast to profitability and income of Rs. 1.04 crore and Rs. 16.57 crore for 12 months of FY22-23.
As on January 2024, Web Value of the corporate was reported at Rs. 8.98 crore, Reserves & Surplus at Rs. 5.11 crore and Asset base of Rs. 21.43 crore. As on 31st January 2024, ROE of the corporate was at 9.68%, ROCE at 11.54% and RONW at 9.68%. Shares of the corporate will likely be listed on NSE’s Emerge platform.
| IPO Highlights – Falcon Technoprojects India Ltd | |
| IPO Opens on | June 19, 2024 |
| IPO Closes on | June 21, 2024 |
| Problem Value | Rs. 92 Per Share |
| Problem Dimension | 14.88 lakh shares – up to Rs. 13.69 crore |
| Lot Dimension | 1200 Shares |
| Itemizing on | NSE Emerge Platform of Nationwide Inventory Alternate |
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