Fabtech Technologies Cleanrooms Ltd made a strong debut on the BSE SME platform on January 10, with its shares listing at Rs 161.50, reflecting a 90% premium over its IPO price. The company’s IPO, which was launched with a pricing band between Rs 80 and Rs 85 per share, generated overwhelming investor interest, with the issue being oversubscribed by over 700 times during its 3-day bidding period from January 3 to 7.
Following the listing, Fabtech Technologies’ market valuation stood at Rs 198.96 crore. The robust demand for the IPO and the significant premium on listing showcase strong investor confidence in the company’s future prospects.
Overview of Contents
Details About Fabtech Technologies IPO
Fabtech Technologies IPO, a book-built issue of 32.64 lakh shares, opens for subscription and closes on January 7, 2025. The IPO, consisting entirely of a fresh issue, will list on the BSE SME platform on January 10, 2025, with allotment expected by January 8, 2025.
The IPO has a retail quota of 35%, QIB at 50%, and HNI at 15%, with price bands yet to be announced. Fabtech reported a revenue of ₹97.99 crores in 2024, down from ₹125.10 crores in 2023, and a profit of ₹5.78 crores, compared to ₹7.96 crores the previous year. Investors may consider this IPO for long-term potential.
Fabtech Technologies IPO’s Subscription Status
Fabtech Technologies IPO, open from January 3 to January 7, 2025, has seen overwhelming demand, with the issue price set at ₹85 per share and a bid lot of 1,600 shares. As of January 7, 2025, the IPO was subscribed 740.37 times in total, with the Qualified Institutional Buyers (QIB) category subscribed 224.5x, Non-Institutional Investors (NII) subscribed 1,485.52x, and Retail Investors subscribed 715.05x. The total shares offered were 21,71,200, and a massive 1,60,74,96,000 shares were bid for.
Funds Deployment of This IPO
The funds raised from the IPO will be used to meet long-term working capital requirements, purchase shares of Kelvin Air Conditioning and Ventilation Systems Pvt. Ltd., and cover the company’s general corporate purposes.
About Fabtech Technologies Company
Incorporated in 2015, Fabtech Technologies Cleanrooms Limited specializes in manufacturing pre-engineered modular panels, doors, and cleanroom solutions for the pharmaceutical, healthcare, and biotech sectors. With a 70,000 sq. ft. manufacturing facility in Umbergaon, Gujarat, and strategic investments like a 33.33% stake in Kelvin Air Conditioning and Ventilation Systems, Fabtech is a leader in cleanroom infrastructure. The company’s expertise, advanced technology, and skilled team ensure high-quality, customized solutions for its clients.
Fabtech Technologies Financial Information
As of September 30, 2024, Fabtech Technologies reported assets of ₹9,438.96 lakhs, revenue of ₹6,222.89 lakhs, and a profit after tax of ₹540.18 lakhs. The net worth stood at ₹6,187.78 lakhs, reserves and surplus at ₹5,299.93 lakhs, and total borrowings at ₹320.03 lakhs. This shows steady growth in assets and profitability over the past few years.