Falcon Technoprojects India IPO: Step-by-step guide to check share allotment status online

Following robust subscription, the allotment status of the Falcon Technoprojects India IPO (Falcon Technoprojects India Limited) is likely to be finalised on Monday, June 24.

The IPO was subscribed 66.49 times in the bidding period between June 19 and June 21. Investors bid for over 9.40 crore shares against 14.13 lakh shares on offer.

The issue received bids for 6.19 crore shares from the retail segment against 7.06 lakh shares set aside for the category, leading to a subscription of 87.6 times. The issue received bids for over 3 crore shares from the Non-Institutional Investor category and 20.43 lakh shares from the Qualified Institutional buyer category.

Falcon Technoprojects India IPO was a fixed price issue of ₹13.69 crore and comprised a fresh issue of 14.88 lakh shares.

Shares of the public issue will be listed on NSE’s SME platform Emerge on June 26, Wednesday.

Investors can check the share allotment status of Falcon Technoprojects India IPO on the portal of the registrar and the NSE website.

Steps to check Falcon Technoprojects India IPO share allotment status on the registrar website:

• Visit the registrar’s portal (Kfin Technologies official site) using this link https://www.kfintech.com/
• Select the 'IPO Allotment Status' section by clicking on it
• Choose one of the 5 server links displayed on the screen, click on any of them
• A new webpage will open, go to the 'IPO Allotment Status' section
• Choose “Falcon Technoprojects India'' from the dropdown menu
• Enter either of these- Application Number/Demat Account/PAN.
• Type the captcha and submit.
• Your share allotment status for Falcon Technoprojects India IPO will be shown on screen.

Steps to check Falcon Technoprojects India IPO share allotment status on the NSE website

• Go to the NSE IPO allotment status page by using this link https://www.nseindia.com/products/dynaContent/equities/ipos/ipo_login.jsp
• Enter your username and password received on mail) (It is mandatory to register on the NSE website, post which the username and password will be sent to you via mail)
• Choose ‘Falcon Technoprojects India’ from the list of IPOs
• Verify your PAN number
• Type in your IPO application number
• Click on "Submit"
• The share allotment status of Falcon Technoprojects India IPO will be shown on your screen

Falcon Technoprojects India Limited was established in 2014 and provides clients with mechanical, electrical and plumbing services. The company’s clientele comprises players from various sectors such as petroleum refineries, housing estates, nuclear power and construction.

Falcon Technoprojects said the money raised via the public issue will be used for funding working capital requirements and for fulfilling general corporate purposes.

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