Falcon Technoprojects India is launching its initial public offering (IPO) as a fixed-price issue, aiming to raise ₹13.69 crores. The entire IPO consists of 14.88 lakh fresh shares.
The subscription window for the Falcon Technoprojects IPO opened on June 19, 2024, and will close on June 21, 2024. The allotment process is expected to be finalized on Monday, June 24, 2024. Falcon Technoprojects India’s shares will be listed on the NSE SME platform, with a tentative listing date set for Wednesday, June 26, 2024.
The price for the Falcon Technoprojects India IPO is ₹92 per share. Retail investors can apply for a minimum lot size of 1200 shares, requiring an investment of ₹110,400. High-net-worth individuals (HNIs) can invest in 2 lots (equivalent to 2400 shares), totaling ₹220,800.
Kunvarji Finstock Pvt Ltd serves as the book-running lead manager for the Falcon Technoprojects India IPO, while Kfin Technologies Limited acts as the registrar. Nikunj Stock Brokers is the market maker for this IPO.
Falcon Technoprojects India operates in the construction and engineering sector.
Falcon Technoprojects IPO Details:
| Company Name | Falcon Technoprojects India |
| Sector | Constructions and Engineering |
| IPO Type | SME |
| IPO Open date | 20th June 2024 |
| IPO Close date | 24th June 2024 |
| OFS | |
| Listing Exchanges | NSE |
| Share Holding Pre-issue | |
| DRHP Draft Prospectus | Click to check |
| RHP Draft Prospects | Click to check |
Falcon Technoprojects IPO Lot Size:
| Application | Lot Size | Shares | Amount |
| Retail (Min) | 1 | 2000 | 1,10,400 |
| HNI (Min) | 2 | 4000 | 2,20,800 |
Falcon Technoprojects IPO Timeline:
| IPO Open Date | 19th June 2024 |
| IPO Close Date | 21th June 2024 |
| Basis of Allotment | 24th June 2024 |
| Refund Initiation Date | 25th June 2024 |
| Shares Credit to Demat | 25th June 2024 |
| Listing Date | 26th June 2024 |
FAQ
What is Grey Market Premium (GMP)?
The Grey Market Premium (GMP) represents the price at which an Initial Public Offering (IPO) is traded in the unregulated grey market before its official listing. It serves as an indicator of how the IPO might perform on the listing day. Seeing the latest GMP, investors can estimate the listing performance of the IPO.
