Falcon Technoprojects India
Listing performance
Scheduled dates
Tentative timetable — a past date is not confirmation the step completed
Issue details
- IPO date
- 19 Jun 2024 – 21 Jun 2024
- Listing date
- 26 Jun 2024
- Face value
- ₹10 per share
- Issue price
- ₹92 per share
- Lot size
- 1,200 shares
- Issue type
- Fixed Price issue
- Total issue size
- ₹13.69 Cr
- Market cap at offer price
- ₹49.28 Cr
- Promoter holding
- 84.20% → 60.81% pre-issue → post-issue
- ISIN
- INE0PQK01013
- Registrar
- Kfin Technologies Ltd.
- Lead managers
- Kunvarji Finstock Pvt.Ltd.
- Registered office
- Unit No.17/18, 1st Floor, Keshav Building, Vasudev Sky High Complex, Beverly Park, Mira Road East, Maharashtra
Reservation and application size
How the issue is split between investor categories, and what each may bid
| Investor category | Shares | % of net | % of total |
|---|---|---|---|
| Market maker | 74,400 | — | — |
Application size
Minimum 1,200 shares per lot, in multiples, at ₹92
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (min) | 1 | 1,200 | ₹1,10,400 |
| S-HNI (min) | 2 | 2,400 | ₹2,20,800 |
| S-HNI (max) | 9 | 10,800 | ₹9,93,600 |
| B-HNI (min) | 10 | 12,000 | ₹11,04,000 |
Category limits
| Category | Bid size | Cut-off |
|---|---|---|
| Retail (RII) | Up to ₹2 lakh | Yes |
| Small HNI (sNII) | ₹2 lakh – ₹10 lakh | No |
| Big HNI (bNII) | Above ₹10 lakh | No |
| Employee | Up to ₹5 lakh | Yes |
Bidding at cut-off means accepting the final issue price without naming one. Only retail and employee applicants may do so.
Valuation and performance
Valuation at offer price
| Metric | Pre-issue | Post-issue |
|---|---|---|
| EPS (₹) | 2.69 | 1.95 |
| P/E (×) | 34.20 | 47.18 |
| Price to book (×) | 3.96 | — |
| Market cap | — | ₹49.28 Cr |
Key performance indicators
- Return on net worth
- 9.68%
- ROCE
- 11.54%
- PAT margin
- 8.39%
- NAV per share
- ₹23.23
- Price to book
- 3.96
Single period as reported. Year-on-year movement is in the financials table below, where every period is published.
About Falcon Technoprojects India
Falcon Technoprojects India Limited, incorporated in September 2014 and converted to a public company in 2023, is an ISO 9001:2015 certified provider of MEP services with over 16 years of promoter expertise. The company operates PAN-India with a portfolio of 145+ completed projects for 50+ clients across 17 states, serving sectors including petroleum refineries, residential townships, atomic energy, and civil construction. The company generates revenue through cost-plus, fixed-price, and SLA-linked service contracts, leveraging advanced technology including BIM, digital mapping, ERP systems, and cloud-based tools to enhance execution efficiency and quality.
Company Analysis
from RHPFalcon Technoprojects India Limited provides integrated Mechanical, Electrical and Plumbing (MEP) services across residential, commercial, industrial, and infrastructure projects in India.
Falcon Technoprojects India Limited, incorporated in September 2014 and converted to a public company in 2023, is an ISO 9001:2015 certified provider of MEP services with over 16 years of promoter expertise. The company operates PAN-India with a portfolio of 145+ completed projects for 50+ clients across 17 states, serving sectors including petroleum refineries, residential townships, atomic energy, and civil construction. The company generates revenue through cost-plus, fixed-price, and SLA-linked service contracts, leveraging advanced technology including BIM, digital mapping, ERP systems, and cloud-based tools to enhance execution efficiency and quality.
Objects of the Issue
- Working Capital Requirements ₹1,026.72 lakhs (78.53% of net proceeds) p.77
- General Corporate Purposes ₹280.66 lakhs (20.50% of net proceeds, not to exceed 25% of gross proceeds) p.76
Issue Structure
- Total Issue
- ₹1,368.96 lakhs
- Fresh Issue
- 14,88,000 Equity Shares of ₹10 face value at ₹92 per share = ₹1,368.96 lakhs (100%)
- Offer for Sale
- Nil - entire issue is fresh issue
- Price Band
- ₹92 per equity share (fixed price)
- Lot Size
- 1,200 equity shares (market lot and trading lot), minimum allotment of 1,200 shares
- Face Value
- ₹10 per equity share
Business Model
Revenue from MEP services contracts (Mechanical—HVAC, firefighting systems; Electrical—power distribution, lighting, control systems; Plumbing—water supply, drainage, fire suppression) undertaken on cost-plus, fixed-price, and SLA-linked bases with payment terms typically 60-100 days. Material procurement is outsourced to suppliers with direct site delivery to minimize working capital blockage. The company leverages a combination of permanent core team and project-based contract labor.
Business Segments
Promoters
| Name | Role | Pre-Issue | Post-Issue |
|---|---|---|---|
| Bharat Shreikshan Parihar | Promoter | 65.15% | 47.05% |
| Sheetal Bharat Parihar | Promoter | 13.49% | 9.74% |
| Shreikshan Parihar | Promoter Group | 5.56% | 4.02% |
Leadership
Auto-extracted from the company's RHP using AI, with each fact linked to its source passage (hover any row to see the quote & page). Provided for research only, not investment advice — verify against the official RHP before relying on it.