Faalcon Concepts Limited IPO

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Faalcon Concepts Limited, a designer and installer of complex facade systems, launched its initial public offering on April 19th, 2024. The company boasts consistent revenue growth and targets to utilise the proceeds for capital expenditure and working capital requirements. With a strong order book and a track record of successful project completion, Faalcon Concepts Limited IPO presents an opportunity for investors seeking exposure to the growing facade solutions market.

About the Company

Established in 2018, Faalcon Concepts Limited specialises in designing, engineering, fabricating, and installing intricate facade systems. It caters to complex projects, crafting solutions to meet specific client requirements. Its expertise lies in technically demanding facades, ensuring exceptional durability against environmental elements.

Faalcon Concepts offers a comprehensive product range, including glazing systems, high-end aluminium doors and windows, skylights and canopies. Its focus on quality has garnered a strong reputation, with projects completed across multiple states in India. The company is also accredited for global exports of various facade materials.

Faalcon Concepts Limited IPO Details

Faalcon Concepts Limited, an SME player, launched its IPO on April 19th, 2024, aiming to raise Rs. 12.09 crores. The fixed-price issue entirely consists of 19,50,000 fresh shares offered at Rs. 62 per share. The minimum investment amount is Rs. 1,24,000 for a lot of 2,000 shares. Subscriptions close on April 23rd, 2024, with a tentative listing on BSE SME targeted for April 26th, 2024. 

The company intends to utilise the proceeds for acquiring facade structural equipment, working capital needs and general corporate purposes. Beetal Financial & Computer Services (P) Limited acts as the registrar for the issue, while the book-running lead manager is Navigant Corporate Advisors Limited.

Faalcon Concepts Limited IPO Tentative Timeline

Faalcon Concepts Limited IPO will be live from 19th April, 2024 to 23rd April, 2024. Here is a detailed overview of the same:

Particulars

Important Dates

IPO Open Date

19th April, 2024

IPO Close Date

23rd April, 2024

Cut-off Time for UPI Mandate Confirmation

5 PM on 23rd April, 2024

Basis of Allotment

24th April, 2024

Initiation of Refunds

25th April, 2024

Credit of Shares to Demat

25th April, 2024

IPO Listing Date

26th April, 2024

Face Value

Rs. 10 per share

Price

Rs. 62 per share

Total Issue Size

19,50,000 shares (aggregating up to Rs. 12.09 Crores)

Lot Size

2,000 Shares

Fresh Issue

19,50,000 shares (aggregating up to Rs. 12.09 Crores)

Issue Type

Fixed Price Issue IPO

Listed At

BSE SME

IPO Lot Size

The minimum investment starts at 2,000 shares, and investors can then buy more shares in multiples of that amount. This table shows the minimum and maximum number of shares, along with the corresponding investment amount, for both retail investors and high net-worth individuals (HNIs).

Application

Lots

Shares

Amount

Retail (Min)

1

2,000

Rs. 1,24,000

Retail (Max)

1

2,000

Rs. 1,24,000

HNI (Min)

2

4,000

Rs. 2,48,000

Company Financials

The table below depicts the important financial metrics of Faalcon Concepts Limited:

Particulars

For the financial year ending (in Rs. Lakhs)

 

March 31, 2023

March 31, 2022

March 31, 2021

Total Assets

1,292.64

916.77

553.85

Total Liabilities

965.11

787.75

531.63

Total Revenue

1,324.81

1,852.93

502.21

Total Expenses 

1,085.03

1,719.60

485.16

Profit After Tax

179.52

97.79

12.34

EBITDA

254.10

128.37

19.04

Earnings per Share (basic and diluted)

3.69

2.01

0.25

Strengths

Before you invest in Faalcon Concepts Limited IPO, take a look at its strengths.

  • The company’s ability to scale up and tap into new opportunities is supported by a management team that possesses extensive domain knowledge.
  • The smooth flow of operations within the company ensures that processes are efficient and effective.
  • It has a roster of top-tier clients and consistent orders from them attest to the company's reputation and reliability.
  • The company prioritises a customer-oriented approach, placing the needs and satisfaction of its clients at the forefront of its operations.
  • The company possesses the skills and expertise necessary to design and execute projects with precision and excellence.

Risks Involved

While Faalcon Concepts Limited has its merits, there are also some risks to be aware of, as outlined below.

  • The company is currently involved in litigation proceedings, which may have undesirable consequences on its reputation, business, financial condition, results of operations, and cash flows if the outcome is unfavourable.
  • The company relies heavily on its relationships with current and past customers to secure a significant portion of new orders. If it fails to maintain these long-standing relationships or develop new ones, it could have a significant negative impact on the company’s business operations and profitability.
  • It primarily depends on a few key suppliers for the procurement of materials. Any disruptions in the supply of these materials or price fluctuations could have a severe impact on their business operations and financial conditions.
  • The company does not own the Registered Office or Branch Office, which is a potential vulnerability.

Summary

Faalcon Concepts Limited IPO offers an opportunity for investors to participate in a growing niche segment of the construction industry. However, considering the company's limited track record and recent decline in revenue, careful due diligence is essential. Investors should thoroughly examine the company's financials, future prospects and the inherent risks associated with SME IPOs before making a decision.

Disclaimer: Investments in the securities market are subject to market risk, read all related documents carefully before investing.

This content is for educational purposes only. Securities quoted are exemplary and not recommendatory.

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Frequently Asked Questions

What is the issue size and price band for the Faalcon Concepts Limited IPO?

Answer Field

The IPO aims to raise ₹12.09 crore through a fresh issue of 19.5 lakh shares at a fixed price of ₹62 per share. The minimum investment lot is 2,000 shares.

What are the key dates for the Faalcon Concepts Limited IPO?

Answer Field

The subscription window for the IPO opened on April 19, 2024, and will close on April 23, 2024. Allotment is expected to be finalised on April 24, 2024, with a tentative listing date on the BSE SME platform set for April 26, 2024.

How will the proceeds from the IPO be utilised?

Answer Field

The company intends to use the net proceeds from the issue for funding capital expenditure for purchasing facade structural equipment and partially financing working capital requirements.

What is Faalcon Concepts Limited business model?

Answer Field

Faalcon Concepts Limited designs, engineers, fabricates, and instals facade systems, specialising in complex projects. It focuses on providing solutions tailored to client requirements for intricate facade installations.

Where can I find more information about the Faalcon Concepts Limited IPO?

Answer Field

You can refer to our Bajaj Broking’s online trading platform for all the latest updates on the upcoming IPOs. We list all the information at the earliest. You can also open a demat account for free and start investing easily.

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