IPO Details
Bidding Dates
19 Jun 24 - 21 Jun 24
Price Range ₹
92 - 0
Total Equity
₹ 13.69Cr
Lot Size
1200
Exchange Status
NSE
IPO Doc
Subscription Rate
Non-Institutional Investor
0.00×
Qualified Institutional Buyers
0.00×
Employees
0.00×
Retail Investors
0.00×
Total subscription Rate
0.00×
IPO Timeline
Offer start
19 Jun 2024
Offer end
21 Jun 2024
Allotment
24 Jun 2024
Refund initiation
25 Jun 2024
Demat transfer
25 Jun 2024
Listing
26 Jun 2024
Offer start
19 Jun 2024
Offer end
21 Jun 2024
Allotment
24 Jun 2024
Refund initiation
25 Jun 2024
Demat transfer
25 Jun 2024
Listing
26 Jun 2024
About Company
Established in 2014, Falcon Technoprojects India Limited offers mechanical, electrical, and plumbing (MEP) services to clients across India, operating in diverse sectors such as petroleum refineries, housing estates, nuclear power, and construction. The company's MEP services encompass the design, selection, and installation of integrated mechanical, electrical, and plumbing systems. This includes installing air conditioning systems, power and lighting systems, water supply and drainage systems, fire protection and extinguishing systems, and telephone systems.
Year Founded
09-09-2014
Promotor Details
Promoter Holdings Details
| Particular | Pre-IPO | Post-IPO |
|---|---|---|
| Percentage | 84.2 | 60.81 |
| Share Capital | 3257597 | 3257597 |
Offer to Public
14,88,000.00 Cr
Project Details
- Working Capital Requirements of our Company - 102.672cr
- General Corporate Purposes - 28.066cr
Objectives
- a) Working Capital Requirements of our Company
- andb) General Corporate Purposes
Highlights
- Falcon Technoprojects India Limited has completed over 145 projects for more than 50 clients across 17 states in India, demonstrating its extensive project execution capabilities and widespread operational presence.
- In FY 2023, over 40% of the company's revenue came from clients who have been with Falcon for more than three years, indicating strong client retention and stable recurring revenue streams.
- The company offers services across various industries, including petroleum refineries, atomic energy, residential real estate, and commercial warehousing. This diversification reduces its reliance on any single source of income, mitigating sector-specific risks.
- Falcon Technoprojects India holds an ISO 9001:2015 certification, reflecting its commitment to quality management and standardized operational procedures.
- Over the last three fiscal years, the company completed contracts worth over Rs 40 crore, showcasing its ability to secure and execute large-scale projects.
Challenges
- The company relies heavily 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 any of these key customers could adversely affect its business.
- Falcon Technoprojects India has unsecured loans totaling Rs 12.61 crore, which can be demanded back by lenders at any time. This financial liability poses a risk to the company's liquidity and financial stability.
- As of June 30, 2023, Falcon Technoprojects India owes more than 5% of its total trade payables to five creditors, with combined outstanding dues of approximately Rs 2.11 crore. This concentration of payables could strain its supplier relationships and financial flexibility.
- The company has experienced negative cash flows in the past. Continued occurrences of negative cash flows could impact its business operations, financial health, and future growth prospects.
- The company's current insurance coverage may not be sufficient to cover all potential risks, exposing it to significant financial liabilities in case of unforeseen events.
Financials
| Years | Total Assets | Share Capital | Profit After Tax | Consolidated Net Profit | Adjusted EPS |
|---|---|---|---|---|---|
| 2023 | 2,189.82 | 50.00 | 29.60 | 29.60 | 0.8836 |
| 2021 | 1,712.73 | 50.00 | 86.77 | 86.77 | 2.2428 |
| 2024 | 2,097.22 | 386.88 | 89.73 | 89.73 | 2.6785 |
| 2022 | 2,171.37 | 50.00 | 89.73 | 89.73 | 2.6785 |
