Faalcon Concepts Limited IPO

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Faalcon Concepts Limited’s operations is a commitment to innovation and quality. The company offers a wide array of products including glazing, curtain walls, high-end aluminum doors and windows, and more, designed to meet the diverse needs of its clients. These offerings are crafted to withstand environmental challenges such as UV rays, acidic rain, and dust, ensuring durability and performance.

Geographical Footprint

Faalcon Concepts has successfully completed numerous projects across various Indian states including Haryana, Uttar Pradesh, and Punjab, among others. Additionally, the company has an international presence, exporting materials like Glass and Aluminium to markets in West Africa.

Clientele and Projects

The company’s diverse client base includes financial institutions, educational facilities, and luxury residential properties. Notable projects have been undertaken for prestigious entities such as St Xavier School and Espirit Techno Consultant Pvt. Ltd. Each project is handled with a comprehensive turnkey approach from design to installation, ensuring high standards of quality and client satisfaction.

Market Competition and Strategic Outlook

The façade industry is intensely competitive and fragmented. Despite the presence of numerous small and medium-sized enterprises, Faalcon Concepts competes effectively by leveraging its innovation capacity and comprehensive product range. The company aims to continue enhancing its market position by focusing on technological advancements, customer service excellence, and strategic market expansion.

Conclusion

Faalcon Concepts Limited has established itself as a formidable entity in the façade installation industry through persistent innovation, strategic leadership, and a strong commitment to customer satisfaction. With a robust operational framework and a clear strategic vision, the company is well-positioned to continue its growth trajectory and strengthen its market presence both domestically and internationally.

Objects of the Faalcon Concepts Limited IPO:

The company intends to utilize the net proceeds from the issue towards the funding of the following objects: i. To finance the Capital Expenditure for the purchase of facade Structural Equipments; ii. To part finance the requirement of Working Capital; and iii. To meet General corporate purposes.
DRHP of Faalcon Concepts Limited IPO
RHP of Faalcon Concepts Limited IPO

Faalcon Concepts Limited IPO Details:

Open Date: Apr 19 2024
Close Date: Apr 23 2024
Total Shares: 1,950,000
Face Value: ₹ 10 Per Equity Share
Issue Size: 12.09 Cr.
Lot Size: 2000 Shares
Issue Price: ₹ 62 Per Equity Share
Listing At: BSE SME
Listing Date: Apr 26 2024

Promoters And Management:

Mrs. Ekta Seth, aged 49 years, is the Promoter, Chairperson & Managing Director of the Company. She has been on the Board of Directors of the Company since incorporation of the Company. She is graduate in Arts (English honours) from Delhi University and having a proven experience in the Facade Industry. She is associates with the company since incorporation. She looks after of routine operational activities of the Company. With her experience, she guides Company in growth strategies and lighting the Company in increasing its scale in leaps and bounds. She is responsible for the overall operations of the Company. She is on Board of Company since incorporation. Mr. Prithvi Seth, aged 30 years, is the Promoter & Whole Time Director of the Company. He has been on the Board of Directors of the Company since incorporation. He is law graduate from Lloyd’s Law College and having experience of more than 8 years in Infra and façade Business. His experience in Infra Industry and distribution channel & Networking are the qualities that ensure that every activity is undertaken and implemented smoothly. He guides Company in growth strategies, operations, opportunities and lighting the Company in increasing its scale. He has been associated with the Company since incorporation. Mr. Tribhuvan Seth, aged 28 years, is the Promoter and Whole Time Director of the Company. He has been on the Board of Directors of the Company since July 01, 2020. He is law graduate from Lloyd’s Law College and having experience of more than 5 years in Infra and façade Business. He guides Company in growth strategies, operations, opportunities and lighting the Company in increasing its scale. He has been associated with the Company since July 01, 2020.

Financials of Faalcon Concepts Limited IPO:

Particulars ( In Lakhs )
2021
2022
2023
7M-FY24
Revenue from Operations 502 1,841 1,315 1,247
Other Income 0.03 12 10 3
Total Revenue 502 1,853 1,325 1,249
Purchase of materials 403 1,337 1,219 746
Change in Inventories -45 26 -414 12
Employees Benefit Expenses 69 56 67 67
Other Expenses 57 294 189 208
EBITDA 19 141 264 217
Depreciation & Amortisation 1 3 8 18
Finance Cost 1 4 16 19
EBIT 18 137 256 198
OPM (%) 3.79% 7.58% 19.91% 17.35%
PBT 17 133 240 180
Tax 5 36 61 46
PAT 12 98 180 132
NPM (%) 2.46% 5.28% 13.55% 10.55%
No.of Shares 68.30 68.30 68.30 68.30
EPS 0.18 1.43 2.62 1.92

Comparison With Peers:

Name of the Company Revenue (In Crore) PAT (In Crore) EPS ( in Rs) P/E CMP Mcap (In Crore)
Faalcon Concepts Limited 13 2 2.62 23.6 62 42
Innovators Façade Systems Ltd. 181 8 4.46 25.9 169 319
* All the data is as per FY23.

Recommendation on Faalcon Concepts Limited IPO:

Review and Recommendation of Faalcon Concepts by team IZ is 4/10. 1. Faalcon Concepts Limited, a pioneering force in the façade industry, was originally established as "Faalcon Concepts Private Limited" on May 24, 2018. Following its transformation to a public limited company in 2023. 2. Core Business Activities The company excels in designing, engineering, fabricating, and installing complex façade systems, specializing in a variety of technically demanding projects. With a comprehensive product range including glazing, curtain walls, high-end aluminum doors, windows, and various types of cladding, Faalcon Concepts caters to diverse architectural needs while ensuring resistance to environmental factors like UV rays, acidic rain, and dust. 3. Market Presence Faalcon Concepts serves a wide customer base across multiple Indian states including Haryana, Uttar Pradesh, Rajasthan, and more. The company’s expertise is not limited to the domestic market; it also engages in international trade, exporting façade-related materials to clients in West Africa. 4. Innovation and Customer Focus At the heart of Faalcon Concepts’ operations is a focus on innovation and customer satisfaction. The company continually strives to enhance its processes and product offerings to meet and exceed customer expectations. This commitment is evident in its comprehensive turnkey solutions that cover all aspects of façade installation, from design to final setup. 5. Competition and Industry Position The façade system industry is highly competitive and fragmented, with a mix of small to large players. Faalcon Concepts differentiates itself through its ability to rapidly respond to market changes and consumer preferences. By providing integrated solutions and maintaining high standards of safety and quality, the company aims to strengthen its market position and capture greater share in both domestic and international markets. 6. The Revenue has Increased from Rs.5 Crores in FY21 to Rs.13 Crores in FY23. 7. The EBITDA has Increased from 19 Lakhs in FY21 to 2 Crores in FY23. 8. The PAT has Increased from 12 Lakhs in FY21 to 2 Crores in FY23. 9. As per FY23, CFO/EBITDA is 0.98, As per FY24, EPS is 3.31, 10. Market Capitalization is 42 Crore & P/E is 18.74x based on FY24.

Lead Manager of Faalcon Concepts Limited IPO:

  1. Navigant Corporate Advisors Limited

Registrar of Faalcon Concepts Limited IPO:

  1. Beetal Financial & Computer Services (P) Limited

Company Address:

Faalcon Concepts Limited N-75 Ground Floor Mayfield Garden, Sector-51NA Gurgaon - 122018 Phone: + 91-124-4383074 Email: info@faalcon.in Website: http://www.faalcon.in/

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