Faalcon Concepts IPO allotment status likely to be finalised on April 24: here’s how to check share allocation
Upstox
3 min read • Updated: April 24, 2024, 4:09 PM
Summary
Faalcon Concepts IPO was subscribed over 71 times, getting bids for 13.21 crore shares against 18.52 lakh shares on offer. Faalcon Concepts shares are tentatively scheduled to be listed on the BSE SME platform on Friday, April 26.
Faalcon Concepts IPO share allotment status is expected to be finalised on Wednesday, April 24. The ₹12.09-crore initial public offer was received with a huge demand from the investors during the bidding from April 19 to April 23.
The public issue was subscribed over 71 times, getting bids for 13.21 crore shares against 18.52 lakh shares on offer, as per the BSE data.
Investors who participated in Faalcon Concepts IPO can check the allotment status online via the official website of the issue's registrar Beetal Financial and Computer Services (P) Limited
Faalcon Concepts IPO: How to check allotment status online?
- Log on to the official website of Beetal Financial & Computer Services (P) Limited— beetalfinancial.com
- On the homepage click on IPO.
- You will be redirected to a new page.
- Select Faalcon Concepts Limited from the drop-down menu against "Company Name"
- Enter your application number or PAN number and DPID Client ID
- Click on submit
Your allotment status in Faalcon Concepts IPO will be displayed on the screen. For final allotments, the number of shares will also be shown.
Further, investors can also check Faalcon Concepts IPO share allotment via the official website of the BSE.
Credit of shares into the Demat account of successful bidders will be done on Thursday, April 25. The company will also initiate refunds for non-allottees on the same day.
Faalcon Concepts IPO shares are tentatively scheduled to be listed on the BSE SME platform on Friday, April 26.
Faalcon Concepts IPO: Issue Size
Faalcon Concepts IPO is entirely a fresh issue of 19.5 lakh shares. Like all other SME IPOs, the public consists of a market maker allocation of 98,000 shares for Alacrity Securities. There is no offer sale (OFS) portion in the IPO.
Faalcon Concepts IPO price band and other details
Faalcon Concepts has set the IPO price band at ₹62 per share. The lot size or the minimum bid quantity in Faalcon Concepts IPO for retail investors was set at 2000 shares aggregating to an investment of ₹1.24 lakh and in multiples thereof. For NIIs, the minimum lot size was 2 lots or 4,000 shares aggregating to an investment of ₹2,48,000.
Faalcon Concepts promoters – Ekta Seth, Tribhuvan Seth and Prithvi Seth – presently control 91.76% of the stake holding, which will be diluted to 65.56% post the issue.
Faalcon Concepts intends to raise ₹12.09 Crore from the market via the IPO. The company will utilise the net proceeds to fund its working capital requirement for the purchase of facade structural equipment.
The money will also be used for settling debts and general corporate purposes.
About Faalcon Concepts
Faalcon Concepts is engaged in the business of facade systems solutions for buildings. It offers services across the value chain -- right from design, engineering, fabrication and installation.
The products offered by Faalcon Concepts also include glazing curtain walls, skylights, high-end aluminium doors and windows, canopies, MS structures, frameless glazing, stone cladding, metal cladding, and roofing.