IPO Price Range: ₹92 - 92
Min Investment
₹1,10,400
IPO Size
₹13 Cr
IPO Status
Quantity in 1 Lot
1200
Max Bid allowed
1
Listing Exchange
NSE
Bid Opening Date | 19 Jun 2024 |
Bid Closing Date | 21 Jun 2024 |
Allotment Date | 24 Jun 2024 |
Issue Size | ₹13.69Cr |
Quantity in 1 lot | 1200 |
Experienced Management team having domain knowledge to scale up and expand into newopportunities.
Dedicated technical & functional team to provide solutions to its customers.
Experience of handling large & complex projects.
Multi-year relationships with most customers.
Improving operational efficiency.
The company derives significant portion of its revenue from limited number of customers, the loss of one or more such customers, the deterioration of their financial position or prospects, or a reduction in their demand for its services could adversely affect its business, financial position and future prospects of the Company.
Its Registered Office from where the company operates is not owned by it.
The company operates in a competitive environment and may not be able to effectively compete withsimilar companies, which could have a material adverse effect on its business, results ofoperations and financial condition.
Pricing pressure from its customers may adversely affect its gross margin, profitability and ability to increase the company prices, which may in turn have a material adverse effect on its results of operations and financial condition.
Its Promoter Mr. Bharat Shreekishan Parihar plays a key role in the company functioning and itsheavily relies on his knowledge and experience in operating its business and therefore, it iscritical for the companys business that its promoter remain associated with the company.
The company depends on its management team and other personnel with technical expertise, and if the company is unable to recruit and retain qualified and skilled personnel, its business and its ability to operate or grow the companys business may be adversely affected.
There are outstanding litigations involving the Company, Promoters and Directors which, ifdetermined adversely, may affect its business and financial condition.
If the company is unable to collect its dues and receivables from the companys customers in accordance with the terms and conditions of the contracts and the delivery and payment schedules, its business, results of operations or financial condition could be materially and adversely affected.
The company has experienced negative cash flows in the past. Any such negative cash flows in thefuture could affect its business, results of operations and prospects.
Its business requires significant amounts of working capital. If the company experience insufficient cash flows from its operations or are unable to borrow funds to meet the company working capital requirements, it may materially and adversely affect its business and results of operations.
Investors | Holdings % |
Bharat Shreekishan Parihar | 65.15% |
Sheetal Bharat Pahihar | 13.49% |
Organisation | Falcon Technoprojects India Ltd |
Headquarters | Mumbai |
Industry | Engineering |