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Falcon Technoprojects IPO to open on June 19; check price band, issue size, key dates

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Falcon Technoprojects IPO is set to debut on June 19 with a price band of ₹92 per share, 9.2 times the face value. The firm provides MEP services to diverse industries. Its IPO consists of fresh issuance of 14,88,000 equity shares to meet working capital needs and other purposes.

Falcon Technoprojects IPO is set to hit the D-Street on Wednesday, June 19. (https://www.falcongroupindia.com/)The initial public offering of Falcon Technoprojects India Ltd is set to hit the D-Street on Wednesday, June 19. The issue’s price band is fixed at ₹92 apiece with a face value of ₹10 each. The issue price is 9.2 times of the face value. The minimum lot size of the issue that concludes on  Friday, June 21 is 1,200 equity shares.

According to the Prospectus, the firm is in the business of delivering Mechanical, Electrical, and Plumbing (MEP) services to our PAN India clients who operate in a variety of industries such as petroleum refineries, residential Townships, atomic energy, civil construction, and so on.

The company’s prominent clients include Mumbai International Airport, L&T, BPCL, HPCL, Lodha Developers, Reliance Industries, and Shapoorji Pallonji Group.

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