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News Details

13/06/2024 13:11

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Falcon Technoproject announces launch of initial public offering

Falcon Technoprojects India Ltd. has announced public offering of 1488000 shares at a price of Rs 10.00 each for Cash at a Premium of Rs 82.00 per share. The gross proceeds of the issue are expected to be Rs 1,368.96 lakhs.

The company's initial public offer (IPO) will open on 19 June 2024 and is expected to close on 21 June 2024, subject to customary closing conditions.

The IPO includes a fresh Issue of 1488000 Equity Shares of the Company at an price of Rs 92.00 per Equity Share. The company has fixed the minimum bid lot for the issue at 1200 shares with bids in multiples of 1200.

Falcon Technoprojects India Ltd. anticipates using the proceeds of the issue for .

Kunvarji Finstock Pvt. Ltd. as lead manager & KFin Technologies Ltd. is the registrar, to the issue.