Falcon Technoprojects India Limited is coming up with an IPO consisting of a fresh issue of 14,88,000 shares worth INR 13.69 crores. The company aims to meet working capital needs and cover general expenses.
Falcon Technoprojects IPO – Important Dates
| Falcon Technoprojects India Limited IPO Date | June 19, 2024 to June 21, 2024 |
| Falcon Technoprojects India Limited IPO Listing Date | June 26, 2024 |
| Falcon Technoprojects India Limited IPO Price | INR 92 per share |
| Falcon Technoprojects India Limited IPO Lot Size | 1200 shares |
| Falcon Technoprojects India Limited IPO Total Issue Size | INR 13.69 crores |
| Falcon Technoprojects India Limited IPO Basis of Allotment | June 24, 2024 |
| Falcon Technoprojects India Limited IPO Initiation of Refunds | June 25, 2024 |
| Falcon Technoprojects India Limited IPO Credit of Shares to Demat | June 25, 2024 |
| Falcon Technoprojects India Limited IPO Issue Type | Fixed Price Issue IPO |
| Falcon Technoprojects India Limited IPO Listing At | NSE SME |
Falcon Technoprojects India Limited IPO – Company Profile
Falcon Technoprojects India Private Limited was founded and incorporated by Mr. Bharat Shreekishan Parihar in 2014. He established an MEP consulting and contracting business as a sole proprietorship in 2010 and gradually scaled up operations.
They are an ISO 9001:2015 certified company providing MEP services across India to customers in sectors such as petroleum refineries, residential townships, atomic energy, and civil construction.
They provide MEP services, focusing on designing, selecting, and installing integrated mechanical, electrical, and plumbing systems for efficient building operations, including air-conditioning, power, lighting, water supply, drainage, and fire prevention.
Falcon Technoprojects India Ltd IPO Fundamental Analysis
GP Eco Solutions India Limited Technologies’ financial analysis reveals a mixed performance. Revenue has decreased, equity increased, profitability and EPS declined, RoNW reduced, total assets grew, liquidity strengthened, and inventory turnover ratio fell, indicating sales slowdown.
- Revenue Trend: The revenue decreased from ₹2,286.19 lakhs in March 2022 to ₹1,653.50 lakhs in March 2023. The revenue for the current year’s 10-month period ending January 2024 is INR 1,033.81 lakhs, falling short of last year’s benchmark.
- Equity and Liabilities: Equity has consistently increased over the periods, reflecting potential growth and expansion. However, the debt-equity ratio has decreased, indicating reduced reliance on debt financing.
- Profitability: The profit after tax (PAT) has significantly decreased from ₹102.76 lakhs in March 2022 to ₹86.98 lakhs by January 2024. This decline in profitability could be a source of concern among investors.
- Earnings per Share (EPS): The diluted EPS has declined from ₹3.07 in March 2022 to ₹2.44 by December 2023, reflecting lower earnings per share for investors.
- Return on Net Worth (RoNW): The RoNW has reduced from 44.57% to 9.68%, indicating a decrease in the company’s ability to generate returns on shareholder equity.
- Financial Position: Total assets have increased, suggesting potential business growth. However, the current ratio has increased, indicating strengthening liquidity and potential challenges in meeting short-term obligations.
- Inventory Turnover Ratio: There’s a significant decrease in the Inventory Turnover Ratio, which might suggest slower sales or inefficient inventory management.
Falcon Technoprojects IPO Financial Analysis
| Particular | As of 31 March 2022 | As of 31 March 2023 | As of 31 January 2024 |
| Revenue (₹ in lakhs) | 2,286.19 | 1,653.50 | 1,033.81 |
| Equity (₹ in lakhs) | 230.56 | 334.47 | 898.75 |
| Expenses (₹ in lakhs) | 2,151.31 | 1,517.04 | 911.46 |
| Profit and Loss After Tax (₹ in lakhs) | 102.76 | 103.92 | 86.98 |
| Diluted EPS only (₹) | 3.07 | 3.10 | 2.44 |
| Return on Net Worth (%) | 44.57 | 23.16 | 9.68 |
| NAV per Equity Share (₹) | 46.11 | 66.89 | 23.23 |
| Total Assets (in lakhs) | 2,179.53 | 2,183.61 | 2,143.72 |
| Total Liabilities (in lakhs) | 1,948.97 | 1,849.14 | 1,244.97 |
| Debt Equity Ratio | 4.18 | 3.68 | 0.87 |
| Current Ratio (in times) | 1.24 | 1.45 | 2.05 |
| Inventory Turnover Ratio | 2.04 | 1.16 | 0.57 |
Falcon Technoprojects India Limited IPO Peer Comparison
Comparable listed peer companies were reviewed, but due to differences in revenue proportions and diversified operations, they are not similar to Falcon Technoprojects India Limited’s business model. Thus, an industry comparison for their company is not possible.
Falcon Technoprojects IPO Objective
The main objective of Falcon Technoprojects India Limited is to meet working capital requirements.
- Funding the company’s incremental working capital requirements: The company intends to utilize INR 10.27 crores from the Net Proceeds for FY 2024-25 working capital needs, supporting future growth, internal accruals, equity, and financing from banks and financial institutions.
- General Corporate Purposes: The company will allocate funds to general corporate goals, including repaying borrowings, meeting working capital needs, supporting growth opportunities, covering business expenses, addressing contingencies, and other business purposes.
Falcon Technoprojects IPO Risks And Challenges
Falcon Technoprojects India Limited’s risk includes heavy reliance on a few customers, competitive pressures impacting client relationships, potential revenue decline, and profit margin reduction due to customer price pressure, necessitating enhanced operating efficiencies and cost control.
- The company’s heavy reliance on a few customers poses significant risks, including order reductions or cancellations, loss of key clients, and potential revenue decline. Competitive pressures could also adversely impact client relationships and business.
- The company operates in a highly competitive industry, facing challenges from new solutions, timely project execution, and competitor pricing strategies. Competitors with lower costs, diversification, and more excellent resources pose significant market share and profitability challenges.
- Their MEP service emphasizes quality precision, but customer price pressure may reduce profit margins. To maintain profitability, they must enhance operating efficiencies and control costs effectively amidst labor-intensive operations and customer negotiations.
Falcon Technoprojects India Ltd IPO – Industry & Market Potential
India’s vital construction sector is expected to surpass 100 million workers by 2030. With significant contributions to GDP, it’s poised to become the third largest market, driven by urbanization and government initiatives like Gati Shakti and Bharatmala Pariyojana.
Construction activity in India rebounded in FY 2022 and FY 2023, buoyed by government spending on infrastructure, policy incentives, and a revival in real estate construction. This signaled a positive economic recovery post-COVID-19 contraction.
MEP industry growth aligns with progress in the construction sector and government initiatives like airport construction. Demand rises in tier-II towns, e-commerce, and commercial real estate, shifting towards end-to-end solutions and digital project management for sustainability.
Falcon Technoprojects India Limited IPO – Type of Offer
Falcon Technoprojects India Limited is coming up with an IPO consisting of a fresh issue of 14,88,000 shares worth INR 13.69 crores. The company aims to meet working capital needs and cover general expenses.
Falcon Technoprojects IPO Offer Size
The offer size of Falcon Technoprojects India Limited is INR 13.69 crores, consisting of a fresh issue of 14,88,000 shares. The company seeks funds to meet working capital needs and cover general expenses.
Falcon Technoprojects India Limited IPO Allotment Structure
Falcon Technoprojects India Limited’s IPO allotment structure includes a category for Retail Individual Investors (RII) with investments below ₹2 lakhs, a category for other investors exceeding ₹2 lakhs, and a reservation of 74,400 shares for Market Makers.
- Retail Individual Investors (RII): These individual investors apply for shares with a total value of less than Rs.2 lakhs.
- Other than retail individual investors: Such applications where the value exceeds INR 2 lakhs.
- Market Makers Reservation: A certain percentage or number of shares is reserved for market makers. The company has set aside 74,400 shares for this purpose.
How to apply for a Falcon Technoprojects India Limited IPO?
To apply for the Falcon Technoprojects India Limited IPO through Alice Blue, you would typically follow these steps:
Open a Demat and Trading Account: If you don’t have one already, you must open a Demat and trading account with Alice Blue.
- Check for IPO Details: Once your account is active, you can check for the Falcon Technoprojects India Limited IPO details in the IPO section of the Alice Blue platform.
- Place the Bid: Enter the number of shares you wish to buy and place your bid within the IPO’s price band.
- Submit the Application: Confirm all your details and submit your application.
You can apply for the Falcon Technoprojects India Limited IPO at Alice Blue in just a few clicks!
Check Allotment Status: After the allotment process, you can check the allotment status to see if you have received any shares.
Please note that the allotment of shares is not guaranteed and will depend on the demand for the IPO.
How do you check Falcon Technoprojects India Limited’s IPO Allotment Status?
Checking the allotment status of an IPO in Alice Blue is usually straightforward. Please follow these general steps:
- Log in to your Alice Blue Account: You can do this through the Alice Blue website or their trading app.
- Navigate to the Portfolio or IPO Section: This might differ based on the layout of Alice Blue’s platform, but generally, you can find the status of your IPO application under the ‘Portfolio’ or ‘IPO’ section.
- Find the IPO Allotment Status: Look for a sub-section called ‘IPO Allotment Status’ or something similar. This is where you can see the status of the IPOs you have applied for.
- Select the Falcon Technoprojects India Limited IPO: If you have applied for multiple IPOs, there might be a dropdown menu or a list where you can select the IPO you are interested in. Select the Falcon Technoprojects India Limited IPO.
- Check the Status: The status of your application should be displayed here. If the shares have been allocated to you, it would be mentioned here.
If you face any issues, it’s recommended that you contact Alice Blue’s customer support for detailed assistance.
Apart from Alice Blue, there are other ways to check the allotment status of the Falcon Technoprojects India Limited IPO:
● Registrar’s Website: Visit the website of KFin Technologies Limited, the registrar of the Falcon Technoprojects India Limited IPO. On the homepage, look for the ‘IPO Allotment Status’ option. You must enter your PAN, application, or Demat account number to check your allotment status. Click on the ‘Submit’ button to view your IPO allotment status.
● NSE and SME: You can also check the allotment status on the official websites of the National Stock Exchange (NSE) and Small Medium Exchange (SME). You would need your application number and PAN to check the status.
Please note that the allotment status will only be available after completing the allotment process, a few days after the IPO window closes.
Falcon Technoprojects India Limited Ltd IPO Offer Registrar
The registrar for the Falcon Technoprojects India Limited IPO is KFin Technologies Limited. They are responsible for ensuring the IPO allotment and refund processes are carried out smoothly.
Contact information for the registrar:
KFIN TECHNOLOGIES LIMITED
Selenium, Tower B, Plot 31-32, Financial District,
Nanakramguda, Serilingampally, Hyderabad,
Rangareddi, 500032, Telangana – India
Contact No : +91 40 6716 2222
Email: [email protected]
Website: www.kfintech.com
Falcon Technoprojects India Limited Limited IPO – FAQs
1. What is the allotment date of Falcon Technoprojects India Limited?
The allotment date of the Falcon Technoprojects India Limited IPO is June 24, 2024.
2. What is the price band of the Falcon Technoprojects India Limited IPO?
The price band of the issue is INR 92 per share.
3. What is the size of the Falcon Technoprojects India Limited IPO?
The offer size of Falcon Technoprojects India Limited is INR 13.69 crores, consisting of a fresh issue of 14,88,000 shares. The company seeks funds to meet working capital needs and cover general expenses.
4. What is the listing date of the Falcon Technoprojects India Limited IPO? The listing date of Falcon Technoprojects India Limited’s IPO is June 26, 2024.
