Faalcon Concepts Ltd, a pioneering firm specializing in the planning, design, fabrication, and installation of façade systems, is gearing up for a significant financial move. The company is poised to make its debut in the primary markets through an Initial Public Offering (IPO), scheduled to commence on April 19, aiming to raise a little over ₹12 crore.
This IPO, slated to close on April 23, has already garnered considerable attention from investors. With a price band fixed at ₹62 per share, Faalcon Concepts intends to issue 19.5 lakh equity shares exclusively through this fresh offering. Notably, the IPO lot size is set at 2,000 shares, requiring a minimum investment of ₹124,000 from retail investors.
Faalcon Concepts has strategically chosen to list its equity shares on the BSE SME platform, with a tentative listing date set for April 26, marking a milestone in the company’s journey.
The funds raised from the IPO will be instrumental in driving Faalcon Concepts’ future endeavors. The company plans to allocate the net proceeds towards financing capital expenditure for the acquisition of facade structural equipment, bolstering working capital requirements, and catering to general corporate purposes.
Navigant Corporate Advisors Ltd has been appointed as the book-running lead manager for the Faalcon Concepts IPO, overseeing the intricacies of the offering. Meanwhile, Beetal Financial & Computer Services (P) Limited is entrusted with the responsibility of being the IPO registrar, ensuring a smooth and transparent process for investors.
The brains behind Faalcon Concepts, namely Ekta Seth, Tribhuvan Seth, and Prithvi Seth, serve as the promoters of the company. Following the IPO, the promoter shareholding is expected to decrease from the current 91.76% to 65.56%, signifying a broadening of the company’s ownership base.
In terms of financial performance, Faalcon Concepts has exhibited commendable growth trajectories. In the fiscal year 2022-23, the company recorded a notable surge in net profit, reaching ₹1.79 crore, compared to ₹97.79 lakh in the preceding fiscal year. Additionally, for the period ending October 2023, Faalcon Concepts reported a net profit of ₹1.31 crore, underscoring its sustained profitability.
Despite a slight dip in revenue, from ₹18.52 crore in FY22 to ₹13.24 crore in FY23, Faalcon Concepts remains steadfast in its operational efficiency. Notably, its revenue for the period ending October 2023 amounted to ₹12.49 crore, indicating a stable revenue stream.
Faalcon Concepts’ foray into the capital markets signifies not just a financial endeavor but also a testament to its commitment to growth and expansion. With a robust business model, visionary leadership, and a promising financial outlook, the company is poised to carve a niche for itself in the competitive landscape of facade systems. Investors await eagerly as Faalcon Concepts embarks on its journey towards unlocking new horizons of success and prosperity.
