Get ready for the launch of Falcon Technoprojects India Limited’s initial public offering (IPO) this coming Wednesday, June 19th, 2024. Here’s a quick rundown of everything you need to know in 10 easy points:
1. Launch Date: Mark your calendars! The Falcon Technoprojects IPO opens for subscription on Wednesday, June 19th, and closes on Friday, June 21st, 2024.
2. Listing Platform: The company plans to list its shares on the NSE Emerge platform, a dedicated exchange for small and medium enterprises (SMEs).
3. Issue Type: This is a fixed price issue, meaning the price per share is predetermined and won’t change based on investor demand.
4. Issue Price: The company has set the price for each share at ₹92.
5. Issue Size: The total value of the IPO is ₹13.69 crore (approximately $1.6 million USD). This money will be raised by issuing a fresh set of 14.88 lakh (1.488 million) shares. There’s no offer for sale component in this IPO.
6. Minimum Investment: The IPO comes with a minimum lot size of 1200 shares. At ₹92 per share, this translates to a minimum investment of ₹1,10,400 (approximately $1,330 USD).
7. Grey Market Premium (GMP): It’s important to note that there’s no confirmed data on the Grey Market Premium (GMP) for Falcon Technoprojects shares as of today, June 18th. GMP is an unofficial estimate of the difference between the IPO price and the expected market price after listing.
8. Allotment and Listing: After the subscription window closes, expect allotment of shares to happen by Monday, June 24th, 2024. If all goes according to plan, the tentative listing date for Falcon Technoprojects shares is set for Wednesday, June 26th, 2024.
9. Company Profile: Falcon Technoprojects India Limited is a Mumbai-based company specializing in mechanical, electrical, and plumbing (MEP) services. Their clientele spans various sectors, including petroleum refineries, housing projects, nuclear power plants, and general construction.
10. Opportunity for Growth: This IPO presents an opportunity for investors to be a part of a company catering to India’s growing infrastructure needs. However, as with any investment, careful research and due diligence are crucial before making any decisions.
Remember: This is just a basic overview. It’s always recommended to consult with a financial advisor before investing in any IPO.
