Falcon Technoprojects India IPO day 1: The initial public offering (IPO) of Falcon Technoprojects India, which opened for subscription on the Indian primary market today, June 19, 2024, was subscribed 2.15 times on the first day by 5 PM
Falcon Technoprojects India IPO day 1 Subscription status
The IPO of Falcon Technoprojects India received 2.15 subscriptions. By June 19, 2024, 5 PM, the public issue has been subscribed 3.81 times in the retail category, [nil] times in the QIB category, and 0.49 times in the NII category, as per chittorgarh.com
Falcon Technoprojects India IPO, key dates
The issue that opened for sibscription in the Indian primary market today, June 19, 2024 will be available for subscription till Friday, June 21 2024.
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On Monday, June 24, 2024, the allocation for the Falcon Technoprojects India IPO is anticipated to be completed. The Falcon Technoprojects India IPO listing is scheduled to happen on Wednesday, June 26, 2024, whereby the Falcon shares will be listed on NSE SME.
Falcon Technoprojects India IPO isue size,key details
The price of each share in the Falcon Technoprojects India initial public offering (IPO) is fixed at ₹92. An application must have a minimum lot size of 1200 shares. Retail investors thereby are needed to invest a minimum of ₹110,400. HNI requires a minimum lot size investment of two lots, or 2,400 shares, for a total of ₹220,800.
The total Issue size of Falcon Technoprojects India IPO is 1,488,000 shares (aggregating up to ₹13.69 Crore). The Retail investors are being offered 50% of the net offer.
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Falcon Technoprojects India IPO Registrar, lead managers
The book running lead manager for Falcon Technoprojects India IPO is Kunvarji Finstock Pvt Ltd while KFin Technologies Ltd has been appointed official registrar of the book build issue.
Falcon Technoprojects India IPO: Objectives of the Issue
The issue comprises of fresh shares being issued and there is no offer for sale component in the IPO. The company plans utilising the proceeds to meet its working Capital Requirements and some part will be for the general corporate purposes.
Falcon Technoprojects India IPO GMP or Grey Market Premium
The Falcon Technoprojects India IPO GMP, or grey market market premium, is currently at ₹23 per share, according to investorgains.com.
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This indicates that the equity shares of Falcon Technoprojects India are selling for ₹115 on the gray market, which is 25% higher than the ₹9 share issue price.
Disclaimer: The views and recommendations above are those of individual analysts, experts, and broking companies, not of Mint. We advise investors to check with certified experts before making any investment decisions.
The proposed listing date for the Falcon Technoprojects India IPO is set on Wednesday, June 26, 2024 on NSE SME.
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Published: 19 Jun 2024, 05:09 PM IST
