Falcon Technoprojects stumbles on debut, lists 8.7% discount on NSE Emerge

The proceeds from the IPO will be used by the company for its working capital requirements during FY24-25, for future growth plans and general corporate purposes.

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26 Aug, 2025 12:21

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Shares of Falcon Technoprojects India debuted at a 8.7 percent discount on the NSE Emerge, listing at Rs 84 compared to the issue price of Rs 92.

The Falcon Technoprojects IPO is a fixed price issue totaling Rs 13.69 crores, consisting entirely of a fresh issue of 14.88 lakh shares.

The IPO bidding period was from June 19 to June 21, 2024, with allotment finalised on June 24.

The Falcon Technoprojects IPO was subscribed 65.32 times overall, with the non-institutional investors (NII) category subscribed 45.02 times and the retail category subscribed 82.72 times.

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The proceeds from the IPO will be used by the company for its working capital requirements during FY24-25, for future growth plans and general corporate purposes.

Kunvarji Finstock Pvt Ltd is the book-running lead manager for the IPO, with Kfin Technologies Ltd as the registrar. Nikunj Stock Brokers is the market maker for the issue.

Established in 2014, Falcon Technoprojects provides mechanical, electrical, and plumbing services to its clients across India. The company serves various sectors such as petroleum refineries, residential townships, atomic energy, and civil construction.

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Mumbai International Airport, L&T, BPCL, HPCL, Lodha Developers, Reliance Industries, and the Shapoorji Pallonji Group are some of the notable clients of Falcon Technoprojects. The company has successfully delivered over 145 projects to more than 50 clients across 17 states in India. Over the last three fiscal years, the company has completed contracts valued at over Rs 40 crore.

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