Established in 2014, Falcon Technoprojects India Limited provides mechanical, electrical and plumbing services to its clients across India and operates in various sectors such as petroleum refineries, housing estates, nuclear power, construction, etc.
The company offers mechanical, electrical and plumbing (MEP) services. These services include the design, selection and installation of integrated mechanical, electrical and plumbing systems. This includes the installation of air conditioning, power and lighting systems, water supply and drainage, fire protection and fire extinguishing systems and telephones.
On January 31, 2024, the company had a total of 24 employees.
| Purpose | Amount (₹ Cr) |
|---|---|
| Working Capital Requirements of the company; and | — |
| General Corporate Purposes | — |
| Metric | 31 Jan 2024 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|
| Total Assets | 2,144 | 2,184 | 2,180 |
| Revenue | 1,037 | 1,657 | 2,290 |
| PAT | 87 | 104 | 103 |
| Net Worth | 899 | 334 | 231 |
| Reserves | 512 | 284 | 181 |
| Total Borrowing | 781 | 1,232 | 963 |
| Category | Sub (x) | Offered | Bid For |
|---|---|---|---|
| NII / HNI | — | 706,800 (48%) | — |
| Retail (RII) | — | 706,800 (48%) | — |
| Market Maker | — | 74,400 (5%) | — |
| Total | — | 1,488,000 (100%) | — |
* Amount calculated at upper price band (₹92) · ** Total includes all investor categories
- 1 Initiation of Refund 25 Jun 2024
- 2 Credit of Shares to Demat 25 Jun 2024
- Retail allocation is strong at 48% of the total offering.
- HNI/NII demand is strong at 48%.
- The IPO P/E of 47x reflects a weak valuation relative to typical market ranges.
- Pre-issue EPS of ₹3 compares to post-issue EPS of ₹2 after dilution.
This IPO shows moderate investor interest. Review financial details and compare valuation with industry peers before investing.
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