IPO Details

Bidding Dates

02 Jan '25 - 06 Jan '25

Minimum Investment

₹1,36,000 / 1 Lot (1,600 Shares)

Price Range

₹80 - ₹85

Maximum Investment

₹1,36,000 / 1 Lot (1,600 Shares)

Retail Discount

Not Applicable

Issue Size

₹27.74 Cr

Investor category and sub category

Retail Individual Investors (RII)  |   Non-institutional Investors (NII)  |   Qualified Institutional Buyers (QIB)  |  

Fabtech Technologies IPO Important Dates

Important dates with respect to IPO allotment and listing

IPO Opening Date

Jan 2, 2025

IPO Closing Date

Jan 6, 2025

Basis of Allotment

Jan 7, 2025

Initiation of Refunds

Jan 8, 2025

IPO Listing Date

Jan 9, 2025

About Fabtech Technologies IPO

Fabtech Technologies IPO is a book-built issue raising ₹27.74 crores through a fresh issue of 32.64 lakh shares. The IPO subscription opens on January 3, 2025, and closes on January 7, 2025. The allotment is expected to be finalised on January 8, 2025, with a tentative listing date on the BSE SME set for January 10, 2025.

The IPO price band is between ₹80 and ₹85 per share, with a minimum lot size of 1,600 shares. Retail investors need a minimum investment of ₹1,36,000, while high-net-worth individuals (HNI) must invest at least ₹2,72,000 for two lots (3,200 shares).

Vivro Financial Services Private Limited serves as the book-running lead manager, while Maashitla Securities Private Limited is the registrar. Rikhav Securities Limited is the market maker for the IPO. The issue is entirely a fresh offering, and shares will list on the BSE SME platform.

Industry Outlook

  1. The Indian Cleanroom Technologies market grew from USD 213.3 million in 2019 to USD 277.4 million in 2023, driven by a 6.8% CAGR.
  2. Polyurethane Foam Panels and Epoxy Resin dominate 65% market share in 2023, with contributions of USD 108.4 million (39.1%) and USD 78.7 million (28.4%), respectively.

Fabtech Technologies IPO Objectives 

The company plans to allocate the net proceeds from the issuance to the following purposes:

  1. For meeting long-term working capital requirements.
  2. Proposed acquisition of equity shares of Kelvin Air Conditioning and Ventilation Systems Private Limited.
  3. General Corporate Purposes.

About Fabtech Technologies Cleanrooms Limited 

Incorporated in 2015, Fabtech Technologies Cleanrooms Limited specialises in manufacturing pre-engineered and pre-fabricated modular panels and doors for cleanroom construction in pharmaceutical, healthcare, and biotechnology sectors. The company serves as an end-to-end supplier, offering a comprehensive range of products including cleanroom panels, view panels, doors, ceiling panels, covings, HVAC systems, and electrification solutions, tailored to meet plant-specific requirements.

Fabtech Technologies boasts extensive expertise in cleanroom design, manufacturing, installation, and after-sales service across various industries. Its primary manufacturing facility, located in Umbergaon, Valsad, Gujarat, spans 70,000 sq. ft. and is equipped with advanced machinery to produce high-quality cleanroom partitions. Through its subsidiary, Altair Partition Systems LLP, the company produces economical-grade modular panels at a leased facility in Murbad, Thane, covering 25,000 sq. ft.

As of November 30, 2024, the company employs 117 permanent staff, underpinning its robust operations and commitment to excellence.

How To Check the Allotment Status of the Fabtech Technologies IPO?

Steps to check IPO allotment status on Angel One’s app:

  1. Log in to the Angel One app.
  2. Go to the IPO Section and then to IPO Orders.
  3. Select the individual IPO that you had applied for and check the allotment status.
  4. Angel One will notify you of your IPO allotment status via push notification and email.

How To Apply for Fabtech Technologies IPO online?

  1. Login to Your Angel One Account: Open the Angel One app or website and log in with your credentials.
  2. Locate the IPO Section: Navigate to the 'IPO' section on the platform.
  3. Select IPO: Find and select the Fabtech Technologies IPO from the list of open IPOs.
  4. Enter the Lot Size: Specify the number of lots you want to bid for.
  5. Submit Your UPI ID: Enter your UPI ID to link your payment method and submit your application.
  6. Approve Funds: Once you receive the bid request on your UPI app, approve it by entering your UPI PIN.

Contact Details of Fabtech Technologies IPO 

Registered office: 615, Janki Center, Off. Veera Desai Road, Andheri West, Mumbai 400 053, Maharashtra, India.

Phone: +91-22 45145321

E-mail: secretarial@fabtechnologies.com 

Fabtech Technologies IPO Reservation

Investor Category

Shares Offered

QIB Shares Offered

Not more than 50% of the Net Issue

Retail Shares Offered

Not less than 35.00% of the Net Issue

NII (HNI) Shares Offered

Not more than 15% of the Net Issue

Fabtech Technologies IPO Lot Size

Application

Lots

Shares

Amount

Retail (Min)

1

1,600

₹1,36,000

Retail (Max)

1

1,600

₹1,36,000

HNI (Min)

2

3,200

₹2,72,000

Fabtech Technologies IPO Promoter Holding

Aasif Ahsan Khan, Aarif Ahsan Khan, Hemant Mohan Anavkar and Manisha Hemant Anavkar are the promoters of the company.

Share Holding Pre-Issue

93.07%

Share Holding Post Issue

  

Key Performance Indicators for Fabtech Technologies IPO

As of March 31, 2024, the market capitalisation of Fabtech Technologies's IPO is ₹104.71 crore. Here are the KPIs of Fabtech Technologies:

KPI

Value

ROE (%)

11.96%

ROCE (%)

15.83%

Debt to Equity Ratio (x)

0.11

Price to Book Value (x)

1.38

RoNW (%)

11.95%

PAT Margin (%)

5.90%

Price Metrics

Metric

Pre-IPO

Post-IPO

P/E (x)

6.39

8.77

EPS (₹)

13.31

9.69

Fabtech Technologies IPO Prospectus

Fabtech Technologies IPO Registrar and Lead Managers

Fabtech Technologies IPO Lead Managers

  • Vivro Financial Services Private Limited

Registrar for Fabtech Technologies IPO

Maashitla Securities Private Limited

  • Contact Number: +91-11-45121795-96

 

  • Email Address: ipo@maashitla.com

 

Website: Fabtech Technologies IPO Registrar

Financial Performance of Fabtech Technologies Cleanrooms Limited

Particulars For period ended September 30, 2024 Year ending on March 31, 2024 Year ending on March 31, 2023 Year ending on March 31, 2022
Revenue from Operation (in ₹ lakh) 6,192.95 9,739.15 12,466.63 11,369.89
Profit After Tax (PAT) (in ₹ lakh) 540.18 578.46 796.28 360.02
Total Borrowings (in ₹ lakh) 320.03 574.63 566.46 850.18
Net Worth (in ₹ lakh) 6,187.78 5,145.17 4,530.25 3,734.76
Return on Equity (%) 9.53% 11.96% 19.27% 10.10%
Return on Capital Employed (%) 11.85% 15.83% 26.18% 13.27%
Current Ratio (x) 2.80 2.35 2.27 1.80
Earning Per Share (EPS)-in absolute ₹ 6.00 6.92 9.53 4.31

Know before investing

Strengths

8

  1. Extensive expertise in designing cleanrooms for diverse industries.

  2. Integrated cleanroom solutions with automated manufacturing facilities.

  3. Strategic investments in Advantek, Kelvin, and Altair for growth.

  4. Manufacturing facility spans 70,000 sq. ft. in Gujarat.

  5. Subsidiary Altair’s facility adds 25,000 sq. ft. capacity.

  6. FM Global-approved products meet stringent safety and quality standards.

  7. Promoters bring proven expertise in cleanroom and biotech sectors.

  8. End-to-end supplier of cleanroom products, technology, and services.

Risks

8

  1. Negative cash flows reported; ₹798.17 Lakhs in fiscal 2023.

  2. ₹583.13 Lakhs in contingent liabilities may affect financial stability.

  3. 85.80% revenue dependency on pharmaceuticals, healthcare, biotech sectors.

  4. Pending licenses and approvals may disrupt operational continuity.

  5. ₹550.00 Lakhs acquisition of Kelvin subject to execution risks.

  6. High supplier concentration; top 10 suppliers contribute 67.54%.

  7. Unregistered logo limits intellectual property protection and branding.

  8. No monitoring agency for ₹10,000 Lakhs deployment may raise concerns.

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Fabtech Technologies IPO FAQs

What is the Fabtech Technologies IPO?

Fabtech Technologies IPO is a book-built issue IPO. It will be open from January 3, 2025, to January 7, 2025.

When will Fabtech Technologies IPO be allotted?

The Basis of Allotment will happen on Wednesday, January 8, 2025.

When will Fabtech Technologies IPO open for subscription?

The IPO subscription window will open on January 3, 2025.

What minimum lot size can retail investors subscribe to?

The minimum lot size retail investors can subscribe to is 1 lot, and the lot size is 1,600 shares.

When will Fabtech Technologies Cleanrooms Limited list on exchanges?

The listing date for Fabtech Technologies Cleanrooms Limited is Friday, January 10, 2025.

What is the issue size of the Fabtech Technologies IPO?

The issue size of the Fabtech Technologies IPO is up to ₹27.74 crore, with a complete fresh issue of ₹27.74 crore.

What are the open and close dates of the Fabtech Technologies IPO?

The open and close dates for Fabtech Technologies IPO are from January 3, 2025, to January 7, 2025.

What would be the listing gains on the Fabtech Technologies IPO?

Listing gains cannot be ascertained before the listing of the IPO on the stock exchange.

How to increase your chances of getting a Fabtech Technologies IPO allotment?

1. Multiple Submissions: Use different Demat accounts to make multiple applications.
2. Higher Price Band Bidding: Opt for bidding at the cut-off price or higher price band.
3. Timely Subscription: Ensure you subscribe to the IPO within the specified time frame.

How do I approve the UPI mandate request for Fabtech Technologies IPO?

You must complete the payment process by logging in to your UPI handle and approving the payment mandate.

Can I submit more than one application for the public issue of Fabtech Technologies Cleanrooms Limited using one PAN?

You can submit only one application using your PAN card.

How to read Fabtech Technologies Cleanrooms Limited's financial statements?

To read Fabtech Technologies’s financial statements, download the IPO’s RHP document.

What is 'pre-apply' for Fabtech Technologies Cleanrooms Limited IPO?

Pre-apply allows investors to apply for the Fabtech Technologies IPO two days before the subscription period opens, ensuring an early submission of your application.

If I pre-apply for the Fabtech Technologies Cleanrooms Limited IPO, when will my order get placed?

Your order will be placed when the IPO opens for bidding, and a UPI request will follow within 24 hours.

When will I know if my Fabtech Technologies Cleanrooms Limited IPO order is placed?

You will receive a notification once your order is successfully placed with the exchange after the bidding starts.

Who is the registrar of Fabtech Technologies IPO?

Maashitla Securities Private Limited is the registrar responsible for managing the IPO allotment process and handling investor queries.

Where is the Fabtech Technologies IPO getting listed?

Fabtech Technologies Cleanrooms Limited IPO is proposed to be listed on the SME platform of the Bombay Stock Exchange (BSE).