Falcon Technoprojects India Ltd

Falcon IPO

Falcon Technoprojects India Ltd

₹1,10,400 /1200 sharesMinimum investment

IPO details

Minimum investment
₹1,10,400
Price range
₹92 - ₹92
Lot size
1,200
Issue size
13.69 Cr
Face value
10
IPO document

Subscription rate

Data will be available soon

Schedule

19 Jun 2024
IPO open date
21 Jun 2024
IPO close date
24 Jun 2024
Allotment date
24 Jun 2024
Funds unblock or debit
26 Jun 2024
Tentative listing date

About

Initially established as a business focused on MEP consulting and contracting, Falcon Technoprojects India Private Limited expanded its operations and was formally founded in 2014. As an ISO 9001:2015 certified company, it provides Mechanical, Electrical, and Plumbing (MEP) services to clients across India. They serve various sectors, such as petroleum refineries, residential townships, atomic energy, and civil construction. MEP services involve the design, selection, and installation of systems that create comfortable environments for building occupants. This includes air-conditioning, power and lighting, water supply and drainage, fire safety, and telecommunications systems. Some of Falcon Technoprojects India's clients are Mumbai International Airport, L&T, BPCL, HPCL, Lodha Developers, Reliance Industries Limited, and the Shapoorji Pallonji Group.;
Founded in
2014
MD/CEO
Mr. Bharat Shreekishan Parihar
Parent organisation
Falcon Technoprojects India Ltd

Falcon Financials

Revenue
Total Assets
Profit
All values are in ₹ Cr
9.4322.8616.53202120222023

Strengths & Risks

Strengths
Risks
The company has completed over 145 projects for more than 50 clients across 17 states in India. In the last three fiscal years, it completed contracts worth over Rs 40 crore.
In FY 2023, over 40% of Falcon Technoprojects India’s revenue from operations came from clients who have been with the company for more than three years.
Falcon Technoprojects India offers a range of services across industries, including petroleum refineries, atomic energy, residential real estate, commercial warehousing, and more, which reduces its reliance on any single source of income.
The company holds an ISO 9001:2015 certification.
Falcon Technoprojects India relies on a small number of customers for a significant portion of its revenue. The top five customers contributed 64.15%, 46.82%, and 52.29% of the revenue for FY ending March 31, 2023, 2022, and 2021, respectively. Losing one or more of these customers or facing a decline in their financial health could negatively impact the company's business.
The company currently has unsecured loans from certain lenders. The lenders can demand these loans back at any time. The total outstanding amount of these loans is Rs 12.61 crore.
As of June 30, 2023, there are five creditors to whom Falcon Technoprojects India owes more than 5% of its total trade payables. The combined outstanding dues to these creditors are approximately Rs 2.11 crore.
The company has experienced negative cash flows in the past. Any future occurrences of negative cash flows could impact its business, operational results, and prospects.
The company's insurance coverage may not be sufficient to cover all potential risks.

Application details

For Falcon IPO, eligible investors can apply as Regular.

Apply asPrice bandApply rangeLot size
Regular₹92 - ₹92₹2 - ₹5 Lakhs1200
High Networth Individual₹92 - ₹92₹2 - ₹5 Lakhs1200

Frequently Asked Questions