Falcon Technoprojects India Limited is set to launch its Initial Public Offering (IPO) on June 19, 2024, this Wednesday. The IPO consists entirely of fresh shares and is slated for listing on the NSE SME Emerge platform. Currently, there is no trading activity for the SME issue in the grey market.
Top 10 Falcon Technoprojects India IPO Details:
- GMP (Grey Market Premium): Market observers report that Falcon Technoprojects India Limited shares are trading at par in the grey market today.
- IPO Date: The NSE SME issue will open on June 19th, 2024, and close on June 21st, 2024.
- IPO Price: Falcon Technoprojects India has set the IPO price band at ₹92 per equity share.
- IPO Size: The SME IPO consists entirely of fresh issues, aiming to raise ₹13.69 crore by issuing new shares.
- Lot Size: Bidders can apply in lots, with one lot comprising 1200 company shares.
- Allotment Date: Share allocation is expected to be finalized by Saturday this week, June 22nd, 2024, or by Monday next week, June 24th, 2024.
- Registrar: KFin Technologies Ltd is the appointed registrar for the IPO.
- Minimum Investment: With a lot size of 1200 shares and an IPO price of ₹92 per share, the minimum investment required is ₹1,10,400.
- Listing: The SME IPO is scheduled for listing on the NSE SME Emerge platform.
- Listing Date: Falcon Technoprojects India’s IPO listing date is anticipated to be Wednesday, June 26th, 2024, following the ‘T+3’ listing rule.
Company Management’s View:
Bharat Shreekishan Parihar, Managing Director of Falcon Technoprojects India Limited, commented on the IPO, stating that it represents a significant milestone for Falcon. The company specializes in Mechanical, Electrical, and Plumbing (MEP) services across various sectors including petroleum refineries, residential townships, atomic energy, and civil construction. The IPO proceeds will primarily fund Working Capital Requirements and General Corporate Purposes, supporting their expansion and service enhancement efforts nationwide.
Disclaimer: The views and investment tips expressed by investment experts on Sharepriceindia.com are their own and not those of the website or its management. Sharepriceindia.com advises users to check with certified experts before taking any investment decisions.
