Falcon Technoprojects’ IPO opens on Wed

Mumbai: Mumbai based Falcon Technoprojects India Ltd specialized in providing mechanical, electrical and plumbing services to clients across sectors such as petroleum refineries, housing estates, nuclear power, construction etc is planning to raise up to Rs13.69 crore from its SME public issue.

The company has received approval to launch its public issue on NSE Emerge Platform of National Stock Exchange. The public issue open for subscription on June 19 and closes on June 21. The Proceeds of the public issue will be utilised to fund company’s expansion plans including meeting working capital requirements and general corporate purposes.

Kfin Technologies Ltd is the lead manager of the issue.