Investing

Day 1: Falcon Technoprojects India IPO

NiftyTrader • June 19, 2024

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The initial public offering (IPO) of Falcon Technoprojects India Limited, which made its debut on the Indian main market today, June 19, 2024, was subscribed 2.15 times at 5:00 PM on the first day.

Day 1 Subscription status

2.15 subscribers bought into Falcon Technoprojects India’s first public offering. The public issue was subscribed to 3.81 times in the retail category, [nil] times in the QIB category, and 0.49 times in the NII category as of June 19, 2024.

IPO key dates

IPO Open DateJune 19, 2024
IPO Close DateJune 21, 2024
AllocationJune 24, 2024
Listing DateJune 26, 2024

IPO issue size, key details

In Falcon Technoprojects India’s initial public offering (IPO), the price of each share is fixed at Rs 92. A minimum lot size of 1,200 shares is required for an application. Thus, a minimum investment of Rs 110,400 is required from retail investors. A minimum lot size investment of two lots, or 2,400 shares, for a total of Rs 220,800, is required by HNI.

1,488,000 shares, totaling Rs 13.69 crore, are available in the Falcon Technoprojects India IPO. Fifty percent of the net offer is being made available to retail investors.

IPO Registrar lead managers

Kunvarji Finstock Pvt Ltd is the book running lead manager for Falcon Technoprojects India IPO, and KFin Technologies Ltd has been designated as the official registrar of the book build issue.

Objectives of the Issue

There is no offer for sale; the issue constitutes the offer of new shares by the company as part of the IPO. The remainder will be utilized for other general corporate purposes and to meet several working capital needs of the company.

The proposed listing date for the Falcon Technoprojects India IPO is set on Wednesday, June 26, 2024 on NSE SME.

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