Falcon Technoprojects India IPO opens today: Top points you must know

Falcon Technoprojects India IPO will close on June 21 and the basis of allotment is expected to be finalised on June 24.

Updated on: Jun 19, 2024, 10:05:03 IST

By HT News Desk

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The initial public offer (IPO) of Falcon Technoprojects India Limited opens for subscription on June 19. The fixed price public offer is worth ₹13.69 crore and consists entirely of a fresh issue of 14.88 lakh shares. Shares of the company will be listed on the NSE SME platform Emerge.

Falcon Technoprojects India IPO: The listing date of the issue has been tentatively scheduled on June 26.

Read more: Hyundai Motor files for IPO of almost $3 billion, likely India's biggest

Falcon Technoprojects India IPO important dates: The IPO will close on June 21 and the basis of allotment is expected to be finalised on June 24. Credit of shares for successful applicants will be made on June 25 and refunds for those who are not allotted the shares will also be done on the same day. The listing date of the issue has been tentatively scheduled on June 26.
Offer size of Falcon Technoprojects India IPO: In the IPO, 74,400 shares have been reserved for the market maker while 50 % of the remaining shares are reserved for retail investors and others are for different categories. Read more: Nine IPOs coming next week, 24 in total over next few months
Price band of Falcon Technoprojects India IPO: The price band of the IPO is set at ₹92 per share of a face value of ₹10 each. Investors can bid for a minimum of 1,200 shares and in multiples thereof and for retail investors, the minimum investment is ₹1,10,400.
Lead manager of Falcon Technoprojects India IPO: Kunvarji Finstock Pvt Ltd is the book running lead manager for the Falcon Technoprojects India IPO.
Registrar of Falcon Technoprojects India IPO: Kfin Technologies Limited Is the registrar of the issue while Nikunj Stock Brokers is the market maker. Read more: Bumper market debut: Ixigo shares debut at 49% premium to IPO price
Financials of Falcon Technoprojects India: The company’s revenue from operations for the period ended January 31, 2024, stood at ₹10.33 crore and Profit after Tax (PAT) stood at ₹86.98 lakh in the same period.
Objectives of Falcon Technoprojects India IPO: Ne proceeds from the IPO will be used by the company for its working capital requirements during FY 2024-25, for future growth plans and general corporate purposes.

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HT News Desk
Follow the latest breaking news, major developments and agenda-setting stories from India and around the world with the newsdesk at Hindustan Times. Operating round the clock, the desk brings together experienced editors, reporters and correspondents to deliver fast, accurate and contextual reporting across subjects that influence public policy, governance, business, society and international affairs. The HT News Desk covers politics, elections, government policies, the economy, business and markets, science and technology, the environment, law and order, infrastructure, education, climate issues and geopolitics, while closely tracking developments across states, institutions and global capitals. The team also leads coverage of major breaking news events, policy announcements, court proceedings, natural disasters, public emergencies and significant international developments. Reports published by the newsdesk are based on information gathered from reporters on the ground, official statements, government agencies, court records, regulatory filings, recognised institutions and other authoritative sources. Stories undergo editorial scrutiny and verification processes to ensure accuracy, fairness and relevance, and are updated as events evolve and additional information becomes available. Whether covering a key political decision in New Delhi, an economic policy shift affecting millions, a landmark court ruling or a major global event, the HT News Desk aims to provide readers with reliable, fact-based journalism that delivers not only the latest developments but also the context and analysis needed to understand their wider implications.Read More

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