Falcon Technoprojects India Limited is launching its Initial Public Offering (IPO) on 19th June 2024, aiming to raise ₹13.69 crore by offering shares at ₹92 each. The IPO includes 14,88,000 equity shares, each with a face value of ₹10. These shares will be listed on the NSE Emerge platform.
Share Allocation:
- Non-Institutional Investors (NII): Up to 7,06,800 shares
- Retail Individual Investors (RII): Up to 7,06,800 shares
- Market Maker: Up to 74,400 shares
Purpose:
The money raised will be used for working capital and general corporate needs. The IPO will close on 21st June 2024.
Key People:
- Bharat Shreekishan Parihar, Managing Director, Falcon Technoprojects: “This IPO is a big step for us. We provide Mechanical, Electrical, and Plumbing (MEP) services for various industries including petroleum refineries, residential townships, and more. The funds will help us expand and improve our services across India.”
- Jiten Patel, AVP, Kunvarji Finstock: “Falcon Technoprojects excels in MEP services and systems like fire alarms and security. This IPO will enhance their ability to provide customized, high-quality solutions in different sectors. We wish them success with their IPO.”
The Lead Manager for the IPO is Kunvarji Finstock Private Limited, and KFIN Technologies Limited is the Registrar.
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