FAALCON CONCEPTS (BSE SME)
Apr 19, 2024 - Apr 23, 2024
| Price | ₹62 - ₹62 |
| Premium | ₹5 |
|---|---|
| Lot size | 2000 |
| Allotment | Apr 24, 2024 |
| Listing | Apr 26, 2024 |
| Category | Lot(s) | Qty | Amount | Reserved |
|---|---|---|---|---|
| Retail | 1 | 2000 | 124000 | 463 |
| HNI | 2 | 4000 | 248000 | 463 |
Last updated on 23 Apr 2024 | 05:56:43 PM
| Category | Offered | Applied | Times |
|---|---|---|---|
| HNIs | 926000 | 88432000 | 95.5 |
| Retail | 926000 | 43684000 | 47.17 |
| Total | 1852000 | 132116000 | 71.34 |
| HNI Interest Cost Per Share (7 Days) | |||||
|---|---|---|---|---|---|
| @7% ₹7.95 | @8% ₹9.08 | @9% ₹10.22 | @10% ₹11.36 | @11% ₹12.49 | @12% ₹13.63 |
IPO Reservation
| Investor Category | Shares Offered | No. of Shares |
|---|---|---|
| Retail | 47.5% | 926000 |
| Other | 47.5% | 926000 |
| Market Maker | 5.03% | 98000 |
| Total No. of Shares | 100.0% | 1950000 |
Established in 2018, Faalcon Concepts Limited specializes in the planning, design, fabrication, and installation of innovative facade systems. The company prides itself on offering cutting-edge solutions that are resilient against UV rays, acid rain, dust, noise, and other environmental factors. Faalcon Concepts' diverse product portfolio includes glazing/curtain walls, aluminum doors and windows, skylights, canopies, frameless glazing, MS structures, stone cladding, metal cladding, roofing, and more.With a growing clientele, Faalcon Concepts has served esteemed companies such as Espirit Techno Consultant Pvt. Ltd, Galaxy Magnum Infra Height Limited, Babbar Films, Maconns Infra Pvt. Ltd, Silvers 107 Stone Regency Pvt. Ltd, and St Xavier School Gurgaon High School, among others. Their reach extends across various states in India, including Haryana, Uttar Pradesh, Rajasthan, Madhya Pradesh, Karnataka, Gujarat, Punjab, and Delhi, as well as overseas.As of December 23, 2023, Faalcon Concepts Limited boasted a dedicated team of 26 skilled professionals committed to delivering excellence in every project.
IPO Details
| Issue Size | 1,950,000 shares (aggregating up to 12.09 Cr) |
| Fresh Issue | 1,950,000 shares (aggregating up to 12.09 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | BSE SME |
| Share holding pre issue | 4,880,120 |
| Share holding post issue | 6,830,120 |
| Market Maker portion | 98,000 shares Alacrity Securities |
Key Performance Indicator
| KPI | Oct-23 | Mar-23 | Mar-22 |
|---|---|---|---|
| ROE | 27.49% | 78.64% | 129.31% |
| ROCE | 26.18% | 71.75% | 102.90% |
| RONW | 20.88% | 54.81% | 75.80% |
| EPS (basic & Diluted) | 2.31 | 3.69 | 2.01 |
| P/BV | 9.21 | ||
| P/E (pre IPO) | 16.85 |
IPO Financial Information
| Period Ended | 31-Oct-23 | Mar-23 | Mar-22 | Mar-21 |
|---|---|---|---|---|
| Assets | 1,417.67 | 1,292.64 | 916.77 | 553.85 |
| Revenue | 1,249.11 | 1,324.81 | 1,852.93 | 502.21 |
| Profit After Tax | 131.82 | 179.52 | 97.79 | 12.34 |
| Net Worth | 631.39 | 327.53 | 129.02 | 22.23 |
| Reserves and Surplus | 143.37 | 325.26 | 127.61 | 21.23 |
| Total Borrowing | 366.04 | 190.58 | 67.1 | 48.3 |
| Amount in Lakhs | ||||
Strength Factors
Deep Domain Knowledge: The management team's strong understanding of the industry domain provides a solid foundation for scaling up and exploring new opportunities. With their expertise, they can anticipate market trends, identify lucrative niches, and tailor strategies to capitalize on them effectively.
Marquee Client Base and Repeat Orders: The Company’s ability to attract marquee clients and secure repeat orders indicates a high level of customer satisfaction and trust. This not only provides a stable revenue stream but also serves as a testament to the company's quality of products or services, enhancing its reputation in the market and opening doors to further expansion.
Smooth Operations: The smooth flow of operations reflects efficient processes, effective resource allocation, and strong organizational capabilities. This operational excellence not only ensures timely delivery of products or services but also minimizes costs and maximizes productivity, enabling the company to scale up without being hindered by internal inefficiencies.
Risk Factors
Dependency on Key Customers: The significant reliance on a few customers for generating revenues poses a considerable risk. Any loss of these key clients or a reduction in their orders could lead to a substantial decline in the company's revenue stream, impacting its financial stability and growth prospects.
Leased Office Spaces: The fact that the company's registered office and branch office are not owned by the company introduces a level of uncertainty and vulnerability. Changes in lease terms, rental increases, or disputes with landlords could disrupt the company's operations and increase overhead costs, potentially affecting its profitability and long-term viability.
Unsecured Loans: The presence of unsecured loans that are repayable on demand exposes the company to liquidity risks. If lenders were to demand repayment unexpectedly, the company may face difficulties in meeting these obligations, leading to cash flow constraints, potential defaults, and damage to its creditworthiness. This situation could further strain the company's financial health and limit its ability to invest in growth initiatives or manage day-to-day operations effectively.
NAVIGANT CORPORATE ADVISORS LIMITED
Mr. Sarthak Vijlani
Email id: navigant@navigantcorp.com
Tel No. +91-22-41204837
Beetal Financial & Computer Services (P) Limited
Phone: +91 11 29961281
Email: beetal@beetalfinancial.com
Website: http://www.beetalmail.com/smeipo