Faalcon Concepts Opens at ₹95 with a 53% Premium, Quickly Hits 5% Lower Circuit!

Faalcon Concepts debuted strongly on BSE SME at ₹95, up 53.22%, but soon hit a 5% lower circuit, locking the price shortly after opening.
Faalcon Concepts Opens at ₹95 with a 53% Premium, Quickly Hits 5% Lower Circuit!

Faalcon Concepts opened on BSE SME at a 53% premium of ₹95 but soon hit a 5% lower circuit. Despite the initial spike over its ₹62 issue price, the stock’s strong debut was tempered by the trading restriction.

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Faalcon Concepts’ IPO, with a price of ₹62 per share, opened on April 19 and closed on April 23. Retail lots were set at 2,000 shares, and HNI/QIB at multiples of 2,000, with day 3 subscriptions hitting 71.28 times.

Faalcon Concepts stands out in the creation of custom facade systems, offering comprehensive services from design to installation for elaborate architectural ventures. Their extensive range includes premium options such as stone and metal cladding, skylights, and high-quality aluminium fixtures, demonstrating their dedication to fulfilling specialised project requirements.

Faalcon Concepts Limited will invest IPO proceeds in facade structural equipment (INR 2.51 crores), boost working capital (INR 5.75 crores), and fund general corporate activities, aiming for growth, infrastructure, and strategic brand enhancement.

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