Faalcon Concepts IPO presents an opportunity for investors to participate in the growth journey of a dynamic company operating in the façade systems industry. Here’s a detailed analysis of the IPO:
**IPO Details:**
– Faalcon Concepts IPO is a fixed price issue valued at Rs 12.09 crores, comprising an entirely fresh issue of 19.5 lakh shares.
– Subscription period: April 19, 2024, to April 23, 2024.
– Allotment date: Expected on Wednesday, April 24, 2024.
– Listing Exchange: BSE SME
– Price per share: Rs 62
– Minimum lot size: 2000 shares
**Key Players:**
– Book Running Lead Manager: Navigant Corporate Advisors Ltd
– Registrar: Beetal Financial & Computer Services (P) Limited
**Reservation Details:**
– Retail Shares Offered: 50% of the net offer
– Other Shares Offered: 50% of the net offer
**Timeline:**
– IPO opens: April 19, 2024
– IPO closes: April 23, 2024
– Listing Date: Friday, April 26, 2024
**Promoter Holding:**
– Promoters: Mrs. Ekta Seth, Mr. Tribhuvan Seth, and Mr. Prithvi Seth
– Pre-Issue Shareholding: 91.76%
**About Faalcon Concepts Limited:**
– Faalcon Concepts Limited, established in 2018, specializes in the planning, design, fabrication, and installation of façade systems.
– Product Portfolio: Faalcon offers a wide range of façade solutions, including glazing/curtain walls, aluminum doors and windows, skylights, canopies, and more.
– Clientele: The company has served clients across various sectors and states, both domestically and internationally.
– Employee Strength: As of December 23, 2023, Faalcon Concepts had a team of 26 employees.
**Financial Information:**
– Revenue: Faalcon Concepts recorded revenues of Rs 1,249.11 lakhs for the period ended October 31, 2023.
– Profit After Tax (PAT): The PAT margin stood at 10.57%.
**Key Performance Indicators:**
– Market Capitalization: Rs 42.35 crores
– Return on Equity (ROE): 27.49%
– Return on Capital Employed (ROCE): 26.18%
– Return on Net Worth (RoNW): 20.88%
– Price-to-Book Value (P/BV) ratio: 9.21
**Objects of the Issue:**
The net proceeds from the Faalcon Concepts IPO will be utilized for the following objectives:
1. Funding Capital Expenditure for the purchase of facade Structural Equipments.
2. Part financing the requirement of Working Capital.
3. Meeting General corporate purposes to support ongoing operations and growth initiatives.
