Falcon Technoprojects India IPO: Review, Valuation, Date & GMP

Falcon Technoprojects India Limited  IPO: Complete Overview

Dear readers today we are ready with IPO details of Falcon Technoprojects India Limited. Falcon Technoprojects India Limited was founded in 2014 and serves clients throughout India with mechanical, electrical, and plumbing (MEP) services. Its operations span several industries, including nuclear power, construction, housing estates, and petroleum refineries.

MEP services, or mechanical, electrical, and plumbing, include all of the necessary installations that guarantee building occupants have cozy and useful places. The design, selection, and integration of plumbing, electrical, and mechanical systems are the main topics of these services. This includes the installation of telephone lines, water supply and drainage systems, electricity and lighting networks, air conditioning units, and fire prevention and suppression systems.

Some of its major clients include Mumbai International Airport, L&T, BPCL, HPCL, Lodha Developers, Reliance Industries Limited, and the Shapoorji Pallonji Group. Falcon Technoprojects India has completed over 145 projects for more than 50 clients in 17 states across India. Over the past three fiscal years, the company has completed contracts worth more than INR 40 crore.

The company has noticed a rise and fall in revenue, expenses, and net income.

The company is all set to offer its IPO on June 19, 2024, So whoever is interested, can take part in the upcoming Falcon Technoprojects India Limited IPO.

Now we will discuss this IPO's offerings in detail below. 

 

Falcon Technoprojects India Limited IPO Overview

Falcon Technoprojects India Limited IPO is a Fixed Price Issue of 13.69 crores. The issue is an entirely fresh issue of 14.88 lacs shares. The IPO will open for subscribers on June 19, 2024, and close on June 21, 2024. Falcon Technoprojects India IPO will be listed on SME and NSE with a tentative listing date fixed as Wednesday, June 26, 2024. The price of each share is Rs.92.

 

 

Company Financial

The company has seen the subsequent rise and fall in revenue from operations, income, and profit before tax in the last few financial years. The entire income was reduced by 27.66% from Rs.2,290.07 lacs on March 31, 2022, to Rs.1,656.59 lacs on March 31, 2023. 

Revenue from operations declined by 27.67%, from Rs.2,286.19 lacs on March 31, 2022, to Rs.1,653.50 lacs on March 31, 2023.

The Other Income fell by 20.66% from Rs. 3.89 lacs on March 31, 2022, to Rs.3.08 lacs on March 31, 2023.

(Amount in Lacs)

Period	31 Jan 2024	31 Mar 2023	31 Mar 2022
Total Assets	2,143.72	2,183.61	2,179.53
Total Revenue	1,036.62	1,656.59	2,290.07
PAT	86.98	103.92	102.76
Net worth	898.75	334.47	230.56
Reserve & Surplus	511.87	284.47	180.56
Total Borrowings	781.04	1,232.02	962.81

 

Revenue Bifurcation

Below are the facts presented in different activities of the company. Let’s have a view on it for a better understanding of the company’s performance.

Cash Flow from Operating Activities:

Net cash flow from operating activities increased to 210.18 lacs in the period between April 23 - June 23, from 67.65 lacs in 2022-2023.

The operating profit before performing capital changes fell substantially to 99.12 lacs in the period between April 23 - June 23, from 238.70 lacs in 2022-2023.

Cash Flow from Investing Activities:

Net cash involved in investing activities increased to 160.00 lacs in the period between April 23 - June 23, from 1.30 lacs in 2022-2023.

Cash flows were involved in the purchase and sale of Fixed assets (Net).

Cash Flow from Financing Activities:

Net cash flow involved in financing activities decreased to 41.33 lacs in the period between April 23 - June 23, from 69.70 lacs in 2022-2023.

 

 

The Objective of the Issue

The company intends to utilize the Net Proceeds towards funding its following objectives:

1. Its working capital requirements

2. General corporate purposes.

 

Peers of Falcon Technoprojects India Limited IPO

Company Name	Face Value (Rs.)	EPS (Rs.)	P/E
Blue Star Ltd.	2	41.60	33.12
Voltas Ltd	1	4.08	200.55
Sterling and Wilson Renewable Energy Ltd	1	-61.65	-4.74

 

Evaluation

The IPO issue price is Rs.92 for each share.

Evaluation of P/E Ratio

The P/E Ratio of Falcon Technoprojects India Limited IPO is not available.

Comparative Analysis with Listed Peers

The average P/E Ratio of the industry is 97.91.

Particulars	P/E Ratio
Highest	200.55
Lowest	-4.74
Average	97.91

 

 

IPO's Strengths

• Adding renowned clients and obtaining repetitive work orders from existing customers can provide insight into future income.

• Capable of managing and executing projects

• Managing diverse business processes amid rising demand

• Technology is at the center of our current and future business.

• Experienced and dedicated professional management team.

 

IPO’s Weaknesses

• The company has seen the loss in previous Financial years.

• The company has noticed a fall in its net income.

• The company has performed poorly in previous Financial years due to which Operating Capital was reduced.

 

IPO GMP Today

The latest GMP of Falcon Technoprojects India Limited IPO is not available.

 

Falcon Technoprojects India Limited IPO timetable (Tentative)

Falcon Technoprojects India Limited IPO is scheduled from June 19 to June 21, 2024, with allotment on June 24, refund initiation on June 25, and listing on June 26, 2024.

Events	Date
IPO Opening Date	June 19, 2024
IPO Closing Date	June 21, 2024
IPO Allotment Date	June 24, 2024
Refund initiation	June 25, 2024
IPO Listing Date	June 26, 2024

 

 

Falcon Technoprojects India Limited IPO Details 

Falcon Technoprojects India Limited IPO with a face value of Rs.10 per share is set to start on June 19 and close on 21 June and will offer a fresh issue size of 1,488,000 shares with a price of each share is Rs.92 (aggregating up to Rs.13.69 Cr). The IPO will be listed at NSE, SME.

IPO Opening & Closing Date	June 19, 2024 to June 21, 2024
Face Value	Rs.10 per share
Issue Price	Rs.92
Lot Size	1200 shares
Price of 1 lot	Rs. 1,10,400
Issue Size	1,488,000 shares (aggregating up to Rs.13.69 Cr)
Offer for sale	Nil
Fresh issue	1,488,000 shares (aggregating up to Rs.13.69 Cr)
Listing at	NSE, SME
Issue Type	Fixed Price Issue
Registrar	Kfin Technologies Limited

 

Falcon Technoprojects India Limited IPO Lot Details 

Falcon Technoprojects India Limited IPO allows retail investors to invest in a minimum and maximum of 1 lot (1200 shares) at Rs. 1,10,400 while for HNI investors, the minimum lot is 2 (2400 shares) at Rs.2,20,800.

Minimum Lot Investment (Retail)	1 lot
Maximum Lot Investment (Retail)	1 lot
HNI (Min)	2 lot

 

Falcon Technoprojects India Limited IPO Reservation

Others Share Portion	50%
Retail Investors’ Share Portion	50%

 

Promoters and Management of Falcon Technoprojects India Limited IPO

• Bharat Shreekishan Parihar

• Sheetal Bharat Parihar

 

Falcon Technoprojects India Limited IPO Lead Managers

• Kunvarji Finstock Pvt Ltd

 

Dividend Policy

The company has not paid any Dividends during the last three Financial years.

 

Conclusion

Falcon Technoprojects India Limited’s net revenue, assets, and PAT have increased and decreased in the last few Financial years. The company’s performance was not stable as per the data available. So if you’re looking to invest in its coming IPO, do an extensive study on the firm, its finances, commercial prospects, and industry trends before investing in its IPO. 

We believe this blog would be very beneficial to you if you are considering investing in this upcoming IPO since this log would provide you with accurate information about the company's, insights, financials, and past performance. However, before making any decisions in this regard, we suggest our potential readers to speak with their financial counselor.

For all such latest information on upcoming IPOs, keep visiting our website.

Finowings IPO Analysis

Hope you enjoyed the Finowings IPO Analysis. We tried our best to give every required detail about the company that you should know before applying to the IPO. 

You must consult your financial advisor before making any financial decisions. 

To Apply for the IPO, Click Here.

To Read the Prospectus of the Company Click Here to Download the DRHP.

 

Disclaimer: This IPO analysis is only for informational purposes and should not be considered as investment advice. Always do your research and consult with a financial advisor.

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