About the Company:
Faalcon Concepts Ltd is engaged in designing, engineering, fabrication and installation of façade systems. Company offers solutions to customers with respect to their requirement of façade installation in complex projects.
Company’s product basket ranges from glazing /curtain walls, high end aluminium doors & windows, skylights, canopies, frameless glazing, MS structures, stone cladding, metal cladding, roofing & others.
Company has catered to customers base in various states such as Haryana, Uttar Pradesh, Rajasthan, Madhya Pradesh, Karnataka, Gujrat, Punjab and Delhi.
Company has completed a varied variety of projects for Schools, financial institutions, hospitality installations, corporate buildings, and luxury houses with success.
Company has offered services for varied type of facade projects including residential buildings, commercial complexes, schools, parks etc.
Company’s recognised list of clients include Espirit Techno Consultant Pvt. Ltd, Galaxy Magnum Infra Height Ltd, Babbar Films, Maconns Infra Pvt. Ltd, Silvers Stone Regency Pvt. Ltd., St Xavier School Gurgaon High School etc. among others.
Services Provided by the Company:
- Facade Works.
- Structural Glazing / Curtain Walls.
- Aluminum Wall Cladding.
Company’s Order Book: (as on November 30, 2023)
Company’s Exports:
Company also export the façade related material such as Glass, Aluminium, Aluminium Composite Panel (ACP), High Pressure Laminate (HPL), Silicon and Fasteners to our foreign clients situated at TOGO West Africa, GHANA West Africa.
Company’s Revenues from Domestic & Exports: (in Lakhs)
Management Team:
- Mrs. Ekta Seth (Designation: Chairperson and Managing Director)
- Mr. Prithvi Seth (Designation: Whole Time Director)
Objectives of the Issue:
Fresh Issue: (Rs.12.09 cr)
- To finance the Capital Expenditure for purchase of façade Structural Equipments.
- To part finance the requirement of Working Capital.
- To meet General corporate purposes.
Fund Utilization:
| Particulars | Amount (Rs. in Crores) |
|---|---|
| To finance the Capital Expenditure for purchase of façade Structural Equipments | 2.51 cr |
| To part finance the requirement of Working Capital | 5.75 cr |
Positives for the Company:
Marquee client base and repeat orders.
- Company has undertaken projects across various segments in Residential, Commercial and Institutional buildings.Company believes that the quality of work and timely execution has allowed us to enhance our relationships with existing clients and to secure projects from new clients.
- Company believes that its ability to successfully bid and win new projects is the result of sustained focus on client satisfaction.
Company Plans to Expand the customer base.
- A key strategy for increasing and growing the business is to increase the strength of our relationship with our existing customers, reaching out for new customers & widen the customer base.
- Company’s strategy is to widen the customer base geographically as well as demographically.
- Company intends to continue to invest in the existing services so as to provide better experiences to our existing clients and also provide services for increasing the client base of the Company.
Expansion of Geographic Reach.
- Company intends to expand the geographical reach and enter the large domestic market for growth opportunities of our business.
- Currently, company has presence in the state of Delhi, Haryana, Uttar Pradesh and other Country like West Africa and plans to deepen presence in the existing market and expand reach and penetrate into the large available market by giving scale down low-price solution and grab major market share.
Financials of the Company:
| (in Crores) | FY 21 | FY 22 | FY 23 | Upto 31st Oct 23 |
|---|---|---|---|---|
| Revenue | 5.02 | 18.52 | 13.24 | 12.49 |
| Net Profit | 0.11 | 1.33 | 2.39 | 1.79 |
Valuation of Peer Group Companies:
| Company Name | Face Value | EPS | PE Ratio | RoNW | NAV |
|---|---|---|---|---|---|
| Faalcon Concepts Ltd | 10 | 3.69 | 16.80 | 54.81% | 6.73 |
| Innovators Façade Systems Ltd | 10 | 4.48 | 48.79 | 7.55% | 59.32 |
IPO Details:
| Details | Info |
|---|---|
| Issue Opens on | 19th April 2024 |
| Issue Closes on | 23rd April 2024 |
| Issue Price | Rs.62 |
| Face Value | Rs.10 |
| Minimum Lot | 2000 Shares |
| Minimum Investment | Rs.1,24,000 |
| Issue Constitutes | 28.55 % |
| Issue Size | Rs.12.09 cr |
| Market Cap | Rs.42.34 cr |
| Listing at | BSE SME |
| Equity Shares Offered (Fresh) | 19,50,000 (Rs.12.09 cr) |
| Equity Shares Prior to the Issue | 48,80,120 |
| Equity Shares after the Issue | 68,30,120 |
Important Dates:
| Finalization of Basis of Allotment | on or Before 24th April 2024 |
| Initiation of Refunds | on or Before 25th April 2024 |
| Credit of Equity Shares: | on or Before 25th April 2024 |
| Listing Date: | on or Before 26th April 2024 |
IPO Valuation Parameters:
| Earnings Per Share (EPS) | Price To Earnings ratio (PE) | Return on Net Worth (RoNW) | Net Asset Value (NAV) |
|---|---|---|---|
| 3.69 | 16.80 | 54.81% | 6.73 |
Also Read: Complete List of NSE/BSE Holidays List>>
| Should You Subscribe or Not ? (Markets Guruji’s View) |
|---|
| Faalcon Concepts Ltd specializes in the comprehensive process of designing, engineering, fabricating, and installing façade systems, catering to the intricate needs of complex projects. With a commitment to delivering tailored solutions, the company has garnered a marquee client base and fostered repeat orders, indicative of its reliability and quality. Positioned amidst a construction boom, Faalcon Concepts Ltd is strategically expanding its client portfolio, tapping into new markets and augmenting its geographic reach.
The company’s trajectory is marked by growth, underscored by its continuous acquisition of new clients. Faalcon’s decision to go public with a reasonably priced IPO presents an opportunity for investors to capitalize on its promising prospects. With a solid foundation, a track record of success, and a burgeoning market demand, investing in Faalcon’s IPO offers potential for substantial returns, making it an attractive opportunity for those seeking to participate in the thriving construction industry. |
| Company Contact Info: |
|---|
| Faalcon Concepts Limited N-75, Ground Floor Mayfield Garden, Sector-51 NA, Gurgaon, Haryana – 122018, India Tel No: + 91-124-4383074 Email: info@faalcon.in Website: www.faalcon.in |
| Registrar to the Issue: |
|---|
| BEETAL FINANCIAL & COMPUTER SERVICES PRIVATE LIMITED Beetal House, 3rd Floor, 99, Madangir, Behind Local Shopping Centre, New Delhi110062, India Tel. No.: 011-29961281-83 Email:beetal@beetalfinancial.com Website: www.beetalfinancial.com |
| Lead Manager to the Issue: |
|---|
| NAVIGANT CORPORATE ADVISORS LIMITED 804, Meadows, Sahar Plaza Complex, J B Nagar, Andheri Kurla Road, Andheri East, Mumbai-400 059 Tel No. +91-22-41204837 Email Id-navigant@navigantcorp.com Website: www.navigantcorp.com |
| Check IPO Allotment Status: |
|---|
Beetal Website: http://Beetal/IPO/Allotment_Status |
| Find the List of Upcoming IPOs in India: |
|---|
Upcoming IPOs in India (Click on the below Link)https://www.marketsguruji.com/upcoming-ipos-in-india/ |
