{"id":25708,"date":"2024-04-17T12:30:45","date_gmt":"2024-04-17T07:00:45","guid":{"rendered":"https:\/\/thedeccanmessenger.com\/index.php\/2024\/04\/17\/faalcon-concepts-limited-ipo-opens-on-april-19-2024\/"},"modified":"2024-04-17T12:30:45","modified_gmt":"2024-04-17T07:00:45","slug":"faalcon-concepts-limited-ipo-opens-on-april-19-2024","status":"publish","type":"post","link":"https:\/\/thedeccanmessenger.com\/index.php\/2024\/04\/17\/faalcon-concepts-limited-ipo-opens-on-april-19-2024\/","title":{"rendered":"Faalcon Concepts Limited IPO Opens on April 19, 2024"},"content":{"rendered":"
\n

Mumbai (Maharashtra) [India], April 17:<\/strong> Faalcon Concepts Limited, a\u00a0one of the\u00a0leading facade systems company headquartered in Gurugram, Haryana, has announced its plan to go public with an Initial Public Offering (IPO)\u00a0on\u00a0April\u00a019, 2024. The company is aiming to raise\u00a0\u20b9\u00a012.09\u00a0Crore\u00a0at the price of\u00a0\u20b9\u00a062 per share\u00a0through this IPO, with shares set to be listed on the\u00a0BSE SME\u00a0platform.<\/p>\n

The issue size is Up to\u00a019,50,000\u00a0equity\u00a0shares at face value of\u00a0\u20b9\u00a010 each.\u00a0<\/p>\n

Equity Share Allocation<\/p>\n

\u2013 Non-Institutional Investors (NII) \u2013\u00a0Up To\u00a09,26,000Equity Shares<\/p>\n

\u2013 Retail Individual Investors (RII) \u2013\u00a0Up To\u00a09,26,000\u00a0Equity Shares<\/p>\n

\u2013 Market Maker \u2013\u00a0Up To\u00a098,000\u00a0Equity Shares<\/p>\n

The net proceeds from the IPO will be utilized to finance the capital expenditure for the purchase of facade structural equipment, meet the requirements of working capital, and cover general corporate expenses.\u00a0The Issue closes\u00a0on\u00a023rdApril\u00a02024.<\/p>\n

The Lead Manager to the Issue\u00a0is\u00a0Navigant Corporate Advisors Limited.\u00a0The Registrar to the Issue is\u00a0Beetal Financial & Computer Services Private Limited.<\/p>\n

Mrs. Ekta Seth,\u00a0Chairperson and Managing Director\u00a0ofFaalcon Concepts Limited\u00a0expressed,\u00a0\u201cI am pleased to announce that Faalcon Concepts Limited is going public. We have always been committed to revolutionizing the facade systems sector. Our unwavering commitment to excellence and cutting-edge technology has pushed us to the forefront of architectural innovation. From complex glazing\/curtain walls to sustainable aluminum doors and windows, every Faalcon product exemplifies our unwavering pursuit of perfection.<\/p>\n

The net proceeds from\u00a0the\u00a0IPO will be allocated towards\u00a0ourstrategic avenues, including financing capital expenditure for the acquisition of facade structural equipment, fulfilling working capital requirements, and addressing general corporate expenses.\u00a0The proceeds from this offering will catalyze our expansion efforts, fueling our mission to create iconic structures that inspire generations to come.\u201d<\/p>\n

Mr. Sarthak Vijlani, Managing Director of Navigant Corporate Advisors Limited said, \u201cWe are deeply honouredto play a pivotal role in this historic event. The prudent allocation of net proceeds towards Faalcon\u2019s strategic initiatives underscores their dedication to sustainable growth. I extend my heartfelt wishes for Faalcon\u2019s continued success as they embark on this exciting chapter of growth and expansion.\u201d<\/p>\n

If you have any objection to this press release content, kindly contact pr.error.rectification@gmail.com to notify us. We will respond and rectify the situation in the next 24 hours.<\/em><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

Mumbai (Maharashtra) [India], April 17: Faalcon Concepts Limited, a\u00a0one of the\u00a0leading facade systems company headquartered in Gurugram, Haryana, has announced its plan to go public with an Initial Public Offering […]<\/p>\n","protected":false},"author":1,"featured_media":25709,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[648],"class_list":["post-25708","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","tag-business","rishi-post"],"rishi__cb_customizer_meta":"","_links":{"self":[{"href":"https:\/\/thedeccanmessenger.com\/index.php\/wp-json\/wp\/v2\/posts\/25708","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/thedeccanmessenger.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/thedeccanmessenger.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/thedeccanmessenger.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/thedeccanmessenger.com\/index.php\/wp-json\/wp\/v2\/comments?post=25708"}],"version-history":[{"count":0,"href":"https:\/\/thedeccanmessenger.com\/index.php\/wp-json\/wp\/v2\/posts\/25708\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/thedeccanmessenger.com\/index.php\/wp-json\/wp\/v2\/media\/25709"}],"wp:attachment":[{"href":"https:\/\/thedeccanmessenger.com\/index.php\/wp-json\/wp\/v2\/media?parent=25708"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/thedeccanmessenger.com\/index.php\/wp-json\/wp\/v2\/categories?post=25708"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/thedeccanmessenger.com\/index.php\/wp-json\/wp\/v2\/tags?post=25708"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}