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.

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About FALCON TECHNOPROJECTS INDIA Limited

Falcon Group’s companies (FGC) is a Mumbai based that specializes in MEP ( Mechanical, Electrical, Fire fighting & Plumbing ), Fire Alarm System, Networking System, Security & Surveillance System , CCTV & Access Control System, Intercom system, Solar Rooftop PV module Installation , Solar Water Heater , Gate Automation System ,Civil & Construction Work , Building painting, Sliding Window, Grill , Railing & Fabrication Work, operating since the year of 2010. 

Falcon Group of Companies, strives to deliver the highest standards of installation, carefully paying attention to their client’s ideas, collaborating in the development of the right scope of work. Falcon Group of Companies, undertake all kinds of MEP & security services for the following premises: Commercial / Hotel / Warehouses / Factories / Hospitals / Residential / Data Center / Shopping Malls.

CONSTRUCTION INDUSTRY IN INDIA

The construction sector is a key component of the Indian economy with linkages across more than 200+ sub sectors. It is the second largest employment generator in India with nearly 71 million workforce which is expected to cross 100 million by 2030. Further, India is poised to become the third largest construction market in the next 2-3 years on the back of stable economic growth as the real estate sector has emerged to be a critical engine in the country’s growth story. As per a Knight Frank report, the construction sector, along with the output generated from real estate services and ownership of dwellings, contributes nearly 18% to the economy’s total output.

India's construction industry is on a phenomenal growth trajectory, projected to reach a staggering USD 1.4 trillion by 2025, accounting for 8%-10% of India's GDP. This represents a significant leap from its current size of approximately USD 820 billion, showcasing the dynamism and potential of this sector. The Bharatmala Pariyojana initiative complements Gati Shakti by focusing specifically on developing a world-class highway network spanning over 83,000 kilometers.

According to a report ‘India Real Estate: Vision 2047’ released by National Real Estate Development Council and Knight Frank India, the Indian real estate sector is estimated to increase by more than 12-fold to USD 5.8 trillion (USD 5,800 billion) by 2047 from USD 477 billion last year. The sector is expected to contribute over 15% to the total economic output of the country in 2047 from an existing share of 7.3%. The size of the residential real estate market is estimated to grow to USD 3.5 trillion in 2047 from USD 299 billion last year. The size of the office real estate market is likely to grow to USD 473 billion from USD 40 billion, while the warehousing market is expected to reach USD 34 billion from USD 2.9 billion. The share of lower income households will reduce from existing 43% currently to 9% in 2047. 

GOVERNMENT INITIATIVES & REGULATIONS :

The Union Budget 2023 – 24 announcements include –
▪ An augmentation of 33% in the capital investment outlay taking it to Rs 10 trillion.
▪ The enhancement of the PM Awas Yojana with a 66% increase in allocation to Rs 790 bn is a major step towards increasing the availability of affordable housing, thereby providing a boost to the real estate sector.
▪ The newly established Infrastructure Finance Secretariat will assist all stakeholders for more private investment in infrastructure, including railways, roads, urban infrastructure, and power.
▪ An annual allotment of Rs 100 billion for the Urban Infrastructure Development Fund to foster urban infrastructure in tier 2 and 3 cities.

Mechanical Electrical and Plumbing (MEP) Services

Mechanical, electrical & plumbing (MEP) services is the umbrella term for the range of technical / engineering services in the construction domain that are used to transform a building to be fit for human occupancy. The MEP service provider offers turnkey solution majorly to the residential, commercial, and industrial buildings, airports, hospitals, educational units, hotels, laboratories, research centers amongst others. 

MEP systems are developed by specialists as it involves complex designs, coordination, and detailing issues. Additionally, to operate at maximum capacity and minimal errors, they must meet several designs, installation, commissioning, operating and maintenance thresholds and standards.

The key components of MEP include:
▪ Mechanical Engineering: Mechanical systems are generally those systems associated with HVAC (heating, ventilation, air conditioning systems) but can also comprise elevators, escalators, fire protection systems etc.
▪ Electrical Engineering: The deals with distribution and supply of electricity, communication systems, control and security systems, alarm detection, interior and exterior lighting etc. In high-rise construction finding the optimal routes for conduit and wiring is one of the major challenges which can be overcome by using MEP which allows conduit and wiring to be laid out with minimal circuit lengths and avoid location conflicts with mechanical and plumbing installations.
▪ Plumbing Engineering: PFalcon Technoprojectslumbing systems comprise pipes, tubes, tanks, valves etc. that facilitate the movement and storage of fluids used for water supply, treatment and recovery, waste removal, heating and cooling etc.

FALCON TECHNOPROJECTS INDIA LIMITED STRENGTHS & STRATEGIES

1. Project management and execution capability
2. Adding renowned customers and procuring repetitive work orders from existing customers provides visibility of future revenues
3. Managing diverse business operations amidst growing demand
4. Technology at the forefront of our current and future business
5. Experienced and committed professional management team
6. Retain, strengthen and grow customer base with a focus on maintaining relationships with existing customers
7. Growing market share in key segments

FALCON TECHNOPROJECTS INDIA LIMITED RISK FACTORS & CONCERNS

1. The Company has higher debt-equity ratio.
2. Hypothecation of Company property as security toward borrowings from the lenders.
3. Certain agreements with respect to borrowings are inadequately stamped or may not have been registered.
4. The Company require a number of approvals, NOCs, licenses, registrations and permits in the ordinary course of their business
5. The Company does not have any listed peer companies for comparison of performance.