How To Check Faalcon Concepts IPO Allotment Status

The Faalcon Concepts IPO opened for subscription on April 19 and closed on April 23. Faalcon Concepts IPO allotment status is set to be finalised today, April 24.

If you applied for the IPO, here is how you can check the Faalcon Concepts IPO allotment status.

Checking IPO Allotment Status on Registrar's Website:

Follow these steps to check the Faalcon Concepts IPO allotment status

  1. Visit the registrar's website.
  2. Click on "Company Selection" and choose "Faalcon Concepts" from the dropdown menu.
  3. Then you can enter your PAN, application number, or Demat.
  4. Enter the captcha and click Submit to retrieve the Bharti Hexacom IPO allotment status

Checking IPO Allotment Status on BSE:

  1. Go to the BSE website.
  2. Click on the ‘Equity' section and select "Faalcon Concepts" from the dropdown menu.
  3. Enter your application number or PAN.
  4. Click on the ‘Search' button.
  5. The result will show the number of shares allotted to you.

If all the details are entered correctly and the allotment has been finalised, the Faalcon Concepts IPO allotment status will be visible.

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Faalcon Concepts IPO Subscription And Details

The Faalcon Concepts IPO saw robust demand from investors, with the initial public offering oversubscribed by over 71 times on the final day of subscription, April 23.

The BSE SME IPO garnered bids for 13.21 crore shares against the 18.52 lakh shares on offer, resulting in a subscription rate of 71.33 times. The retail category was subscribed 47.17 times, while the Non-Institutional Investors (NII) category saw a whopping 93.37 times subscription.

Retail investors bid for more than 4.36 crore shares against the available 9.26 lakh shares. Similarly, NII investors applied for 8.64 crore shares against the 9.26 lakh shares reserved for them. The Qualified Institutional Buyers (QIBs) category received bids for 19.7 lakh shares.

The share allotment for the Faalcon Concepts IPO is anticipated to be finalized on April 24, with refunds and crediting of shares to Demat accounts set for April 25. The listing of Faalcon Concepts shares on the BSE SME platform is tentatively scheduled for April 26.

The IPO price for Faalcon Concepts was set at ₹62 per share, with a minimum investment requirement of ₹1,24,000 for a single lot of 2,000 shares. High Net Worth Individuals (HNI) had the option to apply for a minimum of two lots, equivalent to 4,000 shares, requiring an investment of ₹2,48,000.

Navigant Corporate Advisors Ltd is the book running lead manager for the IPO, Beetal Financial & Computer Services (P) Limited is the registrar, and Alacrity Securities is the market maker.

The net proceeds from the IPO will be used by Faalcon Concepts for various purposes, including financing the purchase of facade structural equipment, meeting working capital needs, and covering general corporate expenses.

Founded in 2018, Faalcon Concepts Ltd specialises in designing, planning, manufacturing, and installing facade systems that resist environmental factors like UV radiation, acid rain, dust and noise. Their product range includes glass or curtain walls, aluminium windows and doors, roofs, canopies, skylights, frameless glazing, MS constructions, stone and metal cladding and roofing.

The company serves customers across several states, including Haryana, Uttar Pradesh, Rajasthan, Madhya Pradesh, Karnataka, Gujarat, Punjab and Delhi.

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