The Falcon Technoprojects India IPO is a Small and Medium Enterprise (SME) Initial Public Offering (IPO) aiming to raise ₹13.69 crores. It will be open for subscription from June 19 to June 21, 2024.
The IPO consists entirely of fresh equity shares with a face value of ₹10 each. The IPO price is fixed at ₹92 per share, and the minimum order quantity is 1200 shares.
Falcon Technoprojects India IPO Key Details:
- Company: Falcon Technoprojects India Limited
- Issue Size: ₹13.69 crores
- IPO Price: ₹92 per share
- Minimum Order Quantity: 1200 shares
- Subscription Dates: June 19 – June 21, 2024
- Allotment Date: June 24, 2024 (Tentative)
- Listing Date: June 26, 2024 (Tentative)
- Listing Platform: NSE SME
Company Overview:
Falcon Technoprojects India Limited is an ISO 9001:2015 certified company that provides Mechanical, Electrical, and Plumbing (MEP) services across India. Their clientele includes businesses operating in various sectors such as petroleum refineries, residential townships, atomic energy, and civil construction.
Falcon Technoprojects India IPO Objective:
The company plans to utilize the proceeds from the IPO for funding its working capital requirements and general corporate purposes.