Faalcon Concepts News Today

The Rs 12.09-crore issue, which was priced at Rs 62 a share, was subscribed 71.28 times

Last week saw the opening of Vodafone Idea follow-on public offerings aiming to raise over ₹18,000 crore. The mainboard segment will witness the opening of JNK India IPO for subscription in the coming week to raise around ₹649 crore.

The SME segment will remain busy with four companies making its market debut this week. Faalcon Concepts, Green Hi-Tech Ventures, Grill Splendour Services and Ramdevbaba Solvent will list on the SME platform this week.

Faalcon Concepts SME IPO: The category reserved for NII investors was booked 40%, while that of retail investors was booked 1.3X. The issue closes on April 23. About 50% of the offer is reserved for retail investors and remaining 50% for other investors.

Top Events of the Day: Lok Sabha elections 2024 phase one voting kicks start today. Prime Minister Narendra Modi to have a campaign blitzkrieg in the western region of Uttar Pradesh. Faalcon Concepts IPO price band fixed at ₹62 per share; SME IPO to open today.

Faalcon Concepts SME IPO on BSE opens today aiming to raise Rs 12 crore. Shares priced at Rs 62 each. Revenue: Rs 12.46 crore; Net Profit: Rs 1.31 crore. Proceeds for capex and working capital.