Falcon Technoprojects India IPO day 1: Check Subscription status , GMP, key dates and all you need to know

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Also Read- Divine Power Energy IPO price band fixed at ₹36-40:check issue size, key dates On Monday, June 24, 2024, the allocation for the Falcon Technoprojects India IPO is anticipated to be completed. The Falcon Technoprojects India IPO listing is scheduled to happen on Wednesday, June 26, 2024, whereby the Falcon shares will be listed on NSE SME.The price of each share in the Falcon Technoprojects India initial public offering (IPO) is fixed at ₹92.

An application must have a minimum lot size of 1200 shares. Retail investors thereby are needed to invest a minimum of ₹110,400.

HNI requires a minimum lot size investment of two lots, or 2,400 shares, for a total of ₹220,800.The total Issue size of Falcon Technoprojects India IPO is 1,488,000 shares (aggregating up to ₹13.69 Crore). The Retail investors are being offered 50% of the net offer.

Also Read- Petro Carbon and Chemicals IPO to open on June 25; price band fixed at ₹162-171 apieceThe book running lead manager for Falcon Technoprojects India IPO is Kunvarji Finstock Pvt Ltd while KFin Technologies Ltd has been appointed official registrar of the book build issue.The issue comprises of fresh shares being issued and there is no offer for sale component in the IPO. The company plans utilising the proceeds to meet its working Capital Requirements and some part will be for the general corporate purposes.The Falcon Technoprojects India IPO GMP, or grey market market premium, is currently at ₹23 per share, according to investorgains.com.Also Read- Durlax Top Surface IPO booked over 5 times on day 1; check latest GMP, subscription status, moreThis indicates that the equity shares of Falcon Technoprojects India are selling for ₹115 on the gray market, which is 25% higher