Investing

Falcon Technoprojects IPO

NiftyTrader • June 13, 2024

Post Views: 734

The June 19 IPO of Falcon Technoprojects is scheduled to begin at a price range of Rs. 92 per share, which is 9.2 times the face value. The company serves a variety of sectors with MEP services. 14,88,000 new equity shares are being issued as part of its IPO in order to cover working capital requirements and other demands.

The face value of each issuance is ₹10, and its price band is set at ₹92 each. 9.2 times the face value is the issue price. For the offering that closes on Friday, June 21, 1,200 equity shares is the minimum lot size.

Company Overview

Falcon Technoprojects specializes in MEPs ranging from the building sector to the aerospace business and everything in-between. Their versatile variegated projects are aimed to help and having worked with diverse clientele, their efficiency has placed them as reputable in offering of comprehensive MEP solutions.

Today, the company’s portfolio is composed of over 145 projects for more than 50 clients across 17 Indian states. The organisation has a good experience in delivering quality services to cater for the diversified needs of clients. The business has delivered contracts of over ₹4,000 lakhs in the three previous fiscal years.

Falcon Technoprojects IPO details 

IPO Opening Date: June 19, 2024

IPO Closing Date: June 21, 2024

Allotment Finalization: June 24, 2024

Refunds Initiation: June 25, 2024

Shares Credit to Demat Accounts: June 25, 2024

Listing Date: June 26, 2024

Falcon Technoprojects IPO valued at ₹ 13. 69 crore, is comprises a fresh issuance of 14,88,000 equity shares of the face value of ₹10 each. It does not involve any offer for sale.

Conclusion

This is an IPO of the Falcon Technoprojects which is a company that is now established in the MEP services sector, meaning that interested investors have a good opportunity of investing in this company. As the company plans to launch its IPO on June 19, 2024, this means that the likely investors need to ensure that they keep abreast with the set dates for IPO.

FalconTechnoprojectsIPO InvestmentOpportunity IPO2024 MEPServices StockMarketNews
author profile

NiftyTrader

instagram facebook telegram

Write a Comment

Your email address will not be published. Required fields are marked *

Latest Post

Deshboard
Ipo

Upcoming IPO

Similar Posts

Nifty 50’s Resilience Bouncing Back from Previous Losses

Today, the NSE Nifty 50 began positively, dipped momentarily, and ultimately surged, ending with a gain of 0.74 percent and closing in the green. The Nifty finished ...

February 22, 2024

Read more >

What’s causing Nifty straight line Rally to All-Time Highs: FOMO or Fundamentals?

The market opened on a high note, the Nifty 50 inching upward. But would the momentum hold? All day, anxious eyes watched the index as the trading session unfolded.....

July 4, 2024

Read more >

Global Sell-Off Causes Turmoil in Equity Markets

Nifty 50 closed down at 17,412.90, indicating a decline of 1.00 percent compared to the previous day's closing. As the index closed in the red.

March 10, 2023

Read more >
Nifty 50 Gains Erode as RBI Holds Steady—Can the market regain momentum, or are more surprises in store

Nifty 50: Gains Erode as RBI Holds Steady—Can the market regain momentum, or are more surprises in store?

The market opened with promise, as NSE Nifty 50 began the day in green, but the excitement quickly faded. A sudden turn saw it dip, closing in the red, slipping belo...

October 9, 2024

Read more >

FY25 Starts Strong with Nifty Reaching Unprecedented Heights

Today, the NSE Nifty 50 commenced on a positive note, showing a gain of 0.61 percent before closing in the green. The Nifty index closed above the 22,450 mark.

April 1, 2024

Read more >

Nifty, US Markets attain to New Heights – Preparation on for the Fed Chair’s Testimony

The Indian stock market defied gravity today, with the Nifty 50 breaching a key hurdle and closing in the green. Was this a breakout victory or a mere pitstop on a r...

July 9, 2024

Read more >
Nifty 50 Surges Past 25,150! Markets Rally Amid Mysterious Buying Spree—What Could This Mean for Your Investments?

Nifty 50 Surges Past 25,150! Markets Rally Amid Mysterious Buying Spree—What Could This Mean for Your Investments?

The stock market opened with a surge of energy as the NSE Nifty 50 leapt into the green, rising steadily. Each tick of the clock carried the weight of anticipation, ...

October 14, 2024

Read more >

What is Cross-Chain Interoperability & why should traders worry about it?

Cross-chain interoperability facilitates seamless communication, data sharing, and interaction among diverse blockchain networks

June 27, 2023

Read more >

Waiting for the US Fed meeting outcome

While waiting for US Fed news, the Nifty slides 40 points. Nifty is down for the fourth consecutive day, what's next?

June 15, 2022

Read more >

Profit-Taking Anticipated Index Breaks Support Level with Bearish Engulfing Pattern

The NSE Nifty 50 began positively but dipped by 0.43%, ending the day in the red, still holding above 20900 points.

December 12, 2023

Read more >

Record High Market Plunge Due to Volatility, Banks Suffer Major Impact

The NSE Nifty 50 commenced low but rallied by 0.05%, closing in positive territory today, surpassing the 21700 mark.

January 1, 2024

Read more >

Global Market Bears Witness to Growth Concerns Amidst Russian Instability

The NSE Nifty 50 began with a strong start, rising by 0.14% and closing in the green, hovering around 18700.

June 26, 2023

Read more >
go to top
WhatsApp
YouTube