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.

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