FALCON TECHNOPROJECTS INDIA Limited IPO GMP

FALCON TECHNOPROJECTS INDIA LIMITED is a Mumbai based that specializes in Electrical System, Fire Fighting System, Plumbing System, HVAC, CCTV & Surveillance, Civil & Interior Works and Intercom & Networking. 

FALCON TECHNOPROJECTS INDIA IPO, a Fixed Price issue amounting to ₹13.69 crores, consisting entirely of a fresh issue of 14.88 lakh shares. The subscription period for the Falcon Technoprojects IPO opens on June 19, 2024, and closes on June 21, 2024. The allotment is expected to be finalized on or about Monday June 24, 2024, and the shares will be listed on the NSE SME with a tentative listing date set on or about Wednesday, June 26, 2024.

The price of Falcon Technoprojects IPO is set at ₹92 per share, with a minimum lot size of 1200 shares. Retail investors are required to invest a minimum of ₹110,400 while the minimum investment for High-Net-Worth Individuals (HNIs) is 2 lots (2400 shares), amounting to ₹220,800.

KUNVARJI FINSTOCK PRIVATE LIMITED is the book-running lead manager, KFIN TECHNOLOGIES LIMITED is the registrar. Nikunj Stock Brokers Limited and Asnani Stock Broker Private Limited is the market maker for the Falcon Technoprojects IPO.

Grey Market Premium (GMP) of GP Eco Solutions India Limited

The Grey Market Premium (Loss) is expected in the range of (Rs. 20) - (Rs. 24) based on the financial performance of the company. No real trading is done on the basis of Grey Market Premium that's why no real discovery of price can be done before the listing of shares on the stock exchange. The Grey Market Premium totally depends upon the Demand and Supply of the shares of the company in unorganized manner which is not recommended. The Grey Market Premium is mentioned for educational and informational purposes only.

Objectives of Falcon Technoprojects India Limited

Falcon Technoprojects proposes to utilize the funds which are being raised through this Issue towards the following objects:
a) Working Capital Requirements of our Company
b) General Corporate Purposes 

The Company expects to receive the benefits of listing of the Equity Shares on the Stock Exchange for the enhancement of their Company’s brand name and creation of a public market for their Equity Shares in India.

Refer to Falcon Technoprojects India Limited RHP for more details about the Company.