{"id":40098,"date":"2024-06-17T11:53:56","date_gmt":"2024-06-17T06:23:56","guid":{"rendered":"https:\/\/theeveningpost.in\/index.php\/2024\/06\/17\/falcon-technoprojects-india-limited-ipo-opens-on-june-19-2024\/"},"modified":"2024-06-17T11:53:56","modified_gmt":"2024-06-17T06:23:56","slug":"falcon-technoprojects-india-limited-ipo-opens-on-june-19-2024","status":"publish","type":"post","link":"https:\/\/theeveningpost.in\/index.php\/2024\/06\/17\/falcon-technoprojects-india-limited-ipo-opens-on-june-19-2024\/","title":{"rendered":"Falcon Technoprojects India Limited IPO Opens on June 19, 2024"},"content":{"rendered":"<div>\n<div>\n<p> \u00a0<strong>Mumbai (Maharashtra) [India], June 17:<\/strong> Falcon Technoprojects India Limited, has announced its plan to go public with an Initial Public Offering (IPO) on June 19, 2024. The company is aiming to raise\u00a0\u20b9\u00a013.69 Crore at the price of\u00a0\u20b9\u00a092 per share through this IPO, with shares set to be listed on the NSE Emerge platform.<\/p>\n<p>The issue size is Up to\u00a014,88,000\u00a0equity shares at face value of\u00a0\u20b9\u00a010 each.\u00a0<\/p>\n<p><strong>Equity Share Allocation<\/strong><\/p>\n<ul>\n<li>Non-Institutional Investors (NII) \u2013\u00a0Up To\u00a07,06,800\u00a0Equity Shares<\/li>\n<li>Retail Individual Investors (RII) \u2013\u00a0Up To\u00a07,06,800\u00a0Equity Shares<\/li>\n<li>Market Maker \u2013\u00a0Up To\u00a074,400 Equity Shares<\/li>\n<\/ul>\n<p>The net proceeds from the IPO will be utilized for Working Capital Requirements and General Corporate Purposes.\u00a0The Issue closes on 21st\u00a0June 2024.<\/p>\n<p>The Lead Manager to the Issue\u00a0is\u00a0Kunvarji Finstock Private Limited. The Registrar to the Issue is\u00a0KFIN Technologies Limited.<\/p>\n<p>Mr. Bharat Shreekishan Parihar, Managing Director of Falcon Technoprojects India Limited, stated,\u00a0\u201cLaunching our IPO marks a significant leap forward for Falcon. Specializing in Mechanical, Electrical, and Plumbing (MEP) services across sectors like petroleum refineries, residential townships, atomic energy, and civil construction, we are positioned for robust growth. The net proceeds from the IPO will be allocated to Working Capital Requirements and General Corporate Purposes, supporting our expansion and enhancing our ability to provide exceptional MEP services throughout India. Our expert team is dedicated to maintaining high standards in design, installation, and maintenance, ensuring reliable and efficient solutions tailored to each industry\u2019s needs.\u201d<\/p>\n<p>Mr.\u00a0Jiten Patel, AVP of Kunvarji Finstock Private Limited\u00a0said, \u201cFalcon Technoprojects specializes in MEP (Mechanical, Electrical, Firefighting &amp; Plumbing) services, complemented by Fire Alarm, Networking, Security &amp; Surveillance Systems. Their commitment to delivering top-tier design, installation, and maintenance ensures they provide tailored solutions across various sectors. We extend our best wishes to Falcon Technoprojects India Limited on their IPO launch. This strategic move is poised to bolster their capabilities, enabling them to meet growing mark.<\/p>\n<p><em>If you have any objection to this press release content, kindly contact pr.error.rectification@gmail.com to notify us. We will respond and rectify the situation in the next 24 hours.<\/em><\/p>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>\u00a0Mumbai (Maharashtra) [India], June 17: Falcon Technoprojects India Limited, has announced its plan to go public with an Initial Public Offering (IPO) on June 19, 2024. The company is aiming to raise\u00a0\u20b9\u00a013.69 Crore at the price of\u00a0\u20b9\u00a092 per share through this IPO, with shares set to be listed on the NSE Emerge platform. The issue&#8230;<\/p>\n","protected":false},"author":2,"featured_media":40099,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[83],"tags":[294],"class_list":["post-40098","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","tag-business"],"_links":{"self":[{"href":"https:\/\/theeveningpost.in\/index.php\/wp-json\/wp\/v2\/posts\/40098","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/theeveningpost.in\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/theeveningpost.in\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/theeveningpost.in\/index.php\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/theeveningpost.in\/index.php\/wp-json\/wp\/v2\/comments?post=40098"}],"version-history":[{"count":0,"href":"https:\/\/theeveningpost.in\/index.php\/wp-json\/wp\/v2\/posts\/40098\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/theeveningpost.in\/index.php\/wp-json\/wp\/v2\/media\/40099"}],"wp:attachment":[{"href":"https:\/\/theeveningpost.in\/index.php\/wp-json\/wp\/v2\/media?parent=40098"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/theeveningpost.in\/index.php\/wp-json\/wp\/v2\/categories?post=40098"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/theeveningpost.in\/index.php\/wp-json\/wp\/v2\/tags?post=40098"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}