Falcon Technoprojects IPO opens today: Check issue size, price band, GMP and other details
Falcon Technoprojects Surface's SME IPO, aiming to raise Rs 14 crore, opened for subscription today on NSE SME platform. Here are key details for investors before subscribing.
By Akash Podishetti, ETMarkets.com |
ANI
The SME IPO of Falcon Technoprojects Surface opened for subscription earlier today and will close on June 21. The company aims to raise about Rs 14 crore through the SME IPO and list the shares on NSE SME platform. Here are 10 key things investors need to know about the public offer before subscribing to the issue.
1) About Falcon Technoprojects
The company is engaged in the business of providing mechanical, electrical and plumbing (MEP) services to Pan India customers.
2) Industry overview
Mechanical, electrical, and plumbing (MEP) services refer to installation services that provide comfortable spaces for building occupants. These services specifically deal with the design, selection, and installation of integrated MEP systems.
3) Falcon Technoprojects IPO size
The IPO is a completely fresh equity issue of 14.88 lakh shares and the company plans to raise Rs 14 crore.
The company is offering its shares at Rs 92 apiece, and investors can bid for 1200 shares in 1 lot.
5) Falcon Technoprojects IPO financial performance
For the period ended March 2024, the company clocked revenues of Rs 10.33 crore and net profit of Rs 86 lakh.
Also Read: Akme Fintrade IPO: 10 things to know before subscribing to the issue
6) Objects of the offer
7) Lead managers and Registrar
Kunvarji Finstock is acting as the lead manager to the issue and Kfin Technologies is the registrar.
8) Issue structure
About 50% of the offer is reserved for retail investors and the rest 50% for other investors.
9) Important dates
The IPO opened on June 19 and will close on June 21. The final allotment will likely be made on June 24. The company's shares will likely get listed on June 26.
10) Falcon Technoprojects GMP
Ahead of the issue opening, the company's shares had no GMP in the unlisted market.
1) About Falcon Technoprojects
The company is engaged in the business of providing mechanical, electrical and plumbing (MEP) services to Pan India customers.
2) Industry overview
Mechanical, electrical, and plumbing (MEP) services refer to installation services that provide comfortable spaces for building occupants. These services specifically deal with the design, selection, and installation of integrated MEP systems.
3) Falcon Technoprojects IPO size
The IPO is a completely fresh equity issue of 14.88 lakh shares and the company plans to raise Rs 14 crore.
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4) Falcon Technoprojects IPO price bandThe company is offering its shares at Rs 92 apiece, and investors can bid for 1200 shares in 1 lot.
5) Falcon Technoprojects IPO financial performance
For the period ended March 2024, the company clocked revenues of Rs 10.33 crore and net profit of Rs 86 lakh.
Also Read: Akme Fintrade IPO: 10 things to know before subscribing to the issue
6) Objects of the offer
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The net proceeds from the public offer will be used for working capital requirements and other general corporate purposes.7) Lead managers and Registrar
Kunvarji Finstock is acting as the lead manager to the issue and Kfin Technologies is the registrar.
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8) Issue structure
About 50% of the offer is reserved for retail investors and the rest 50% for other investors.
9) Important dates
The IPO opened on June 19 and will close on June 21. The final allotment will likely be made on June 24. The company's shares will likely get listed on June 26.
10) Falcon Technoprojects GMP
Ahead of the issue opening, the company's shares had no GMP in the unlisted market.
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