Fabtech Technologies IPO Overview

Fabtech Technologies IPO is a book built issue of Rs 27.74 crores. The issue is entirely a fresh issue of 32.64 lakh shares.

Fabtech Technologies IPO bidding started from January 3, 2025 and ended on January 7, 2025. The allotment for the Fabtech Technologies IPO is expected to be finalized on Wednesday, January 8, 2025. Fabtech Technologies IPO will list on BSE SME with tentative listing date fixed as Friday, January 10, 2025.

Fabtech Technologies IPO price band is set at ₹80 to ₹85 per share. The minimum lot size for an application is 1600. The minimum amount of investment required by retail investors is ₹1,36,000. The minimum lot size investment for HNI is 2 lots (3,200 shares) amounting to ₹2,72,000.

Vivro Financial Services Private Limited is the book running  lead manager of the Fabtech Technologies IPO, while Maashitla Securities Private Limited is the registrar for the issue.The market maker for Fabtech Technologies IPO is Rikhav Securities Limited.

Refer to Fabtech Technologies IPO RHP for detailed information.

Fabtech Technologies IPO Important dates

Fabtech Technologies IPO opens on January 3, 2025, and closes on January 7, 2025.

IPO Open Date Friday, January 3, 2025
IPO Close Date Tuesday, January 7, 2025
Basis of Allotment Wednesday, January 8, 2025
Initiation of Refunds Thursday, January 9, 2025
Credit of Shares to Demat Thursday, January 9, 2025
Listing Date Friday, January 10, 2025
Cut-off time for UPI mandate confirmation 5 PM on January 7, 2025

Fabtech Technologies IPO Financial Performance

Fabtech Technologies Cleanrooms Limited’s revenue decreased by -22% and profit after tax (PAT) dropped by -27% between the financial year ending with March 31, 2024 and March 31, 2023.

Period Ended 30 Sep 2024 31 Mar 2024 31 Mar 2023 31 Mar 2022
Assets 9,438.96 8,911.75 8,057.67 8,187.62
Revenue 6,222.89 9,799.26 12,510.15 11,394.85
Profit After Tax 540.18 578.46 796.28 360.02
Net Worth 6,187.78 5,145.17 4,530.25 3,734.76
Reserves and Surplus 5,299.93 4,886.69 4,275.41 3,479.13
Total Borrowing 320.03 574.63 566.46 850.18
Amount in ₹ Lakhs

Fabtech Technologies IPO Key Performance Indicator

The market capitalization of Fabtech Technologies IPO is Rs 104.71 Cr.

KPI as of Sun, Mar 31, 2024.

KPI Values
ROE 11.96%
ROCE 15.83%
Debt/Equity 0.11
RoNW 11.95%
PAT Margin 5.90
Price to Book Value 1.38
Pre IPO Post IPO
EPS (Rs) 6.39 8.77
P/E (x) 13.31 9.69
Note:

  • The Pre IPO EPS is calculated based on Pre issue shareholding as on date of RHP and the latest FY earnings as of March 31, 2024 that is available in RHP.
  • The Post Issue EPS is calculated based on the Post issue shareholding and annualized FY earnings of September 30, 2024 that is available in RHP.

Fabtech Technologies IPO Objectives

The Company intends to utilize the gross proceeds raised through the Issue after deducting the Issue related expenses for the following objects:

  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.

Fabtech Technologies IPO Lot Size

Investors can bid for a minimum of 1600 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.

Application Lots Shares Amount
Retail (Min) 1 1600 ₹1,36,000
Retail (Max) 1 1600 ₹1,36,000
HNI (Min) 2 3,200 ₹2,72,000

Fabtech Technologies IPO Details

IPO Date January 3, 2025 to January 7, 2025
Listing Date [.]
Face Value ₹10 per share
Price Band ₹80 to ₹85 per share
Lot Size 1,600 Shares
Total Issue Size 32,64,000 shares
(aggregating up to ₹27.74 Cr)
Fresh Issue 32,64,000 shares
(aggregating up to ₹ 27.74 Cr)
Issue Type Book Built Issue IPO
Listing At BSE SME
Share Holding Pre Issue 90,55,362 shares
Share Holding Post Issue 1,23,19,362 shares
Market Maker Portion 1,64,800 shares

Fabtech Technologies IPO Company Overview and Services

Incorporated in 2015, Fabtech Technologies Cleanrooms Limited manufactures pre-engineered and pre-fabricated modular panels and doors for building cleanrooms in the pharmaceutical, healthcare, and biotech sectors.

The company is an end-to-end supplier of cleanroom products and technology for plants. Its product range includes cleanroom panels, view panels, doors, ceiling panels, covings, HVAC systems, and electrification works, tailored to plant designs and requirements.

The Company has extensive experience in designing, manufacturing, and installing cleanrooms for various industries with necessary after sales service support.

The company’s manufacturing facility is located in Umbergaon, Valsad, Gujarat, covering 70,000 sq. ft., equipped with high-performing machinery for cleanroom partition production. Through its subsidiary, Altair Partition Systems LLP, the company manufactures modular panels of economical grade. Altair’s facility, located in Murbad, Thane, spans 25,000 sq. ft. and is leased.

As of November 30, 2024, The Company has 117 permanent employees.

Competitive Strength:

  • Diverse domain expertise with effective project integration capabilities
  • Strategic integration towards inorganic growth
  • Support from larger group company
  • Integrated cleanroom solution provider with automated manufacturing facilities
  • Experienced Promoters and senior management team with extensive domain knowledge
  • End-to-end cleanroom infrastructure solution provider

Fabtech Technologies IPO SWOT Analysis

Strengths:

  • Expertise in Cleanroom Solutions: Fabtech Technologies has a focused expertise in providing end-to-end cleanroom infrastructure solutions. This specialization can be a significant competitive advantage in industries with stringent cleanliness requirements.
  • Advanced Manufacturing Facilities: The company likely has advanced and automated manufacturing facilities to ensure precision and quality in their cleanroom products.
  • Experienced Management Team: An experienced leadership and skilled senior management team is essential for navigating the complexities of the specialized cleanroom market.
  • Diverse Product Portfolio: Offering a diverse product portfolio tailored to industry-specific cleanroom needs allows the company to cater to a wider range of clients.
  • Strategic Integration & Inorganic Growth: The company appears to be pursuing strategic integration and inorganic growth opportunities, which can lead to expansion and increased market share.

Weaknesses:

  • Dependence on Specific Industries: While specializing in cleanrooms is a strength, it also means dependence on industries that require these facilities (e.g., pharmaceuticals, semiconductors, healthcare). A downturn in any of these sectors could impact Fabtech.
  • Potential for Project-Based Revenue Fluctuations: Revenue may fluctuate depending on the size and timing of cleanroom projects secured. This can make forecasting revenue challenging.
  • Competition from Larger Engineering Firms: Fabtech faces competition from larger engineering and construction firms that also offer cleanroom solutions as part of their broader portfolio.

Opportunities:

  • Growing Demand for Cleanrooms: The demand for cleanrooms is expected to grow due to increasing regulations and technological advancements in industries like pharmaceuticals, biotechnology, semiconductors, and healthcare.
  • Government Initiatives and Investments: Government investments in research and development, healthcare infrastructure, and manufacturing can drive demand for cleanroom facilities.
  • Technological Advancements in Cleanroom Technology: Continuous advancements in cleanroom technology create opportunities for Fabtech to innovate and offer cutting-edge solutions.
  • Expansion into New Geographies: Expanding into new geographic markets, both domestically and internationally, can further increase market reach and revenue potential.

Threats:

  • Economic Downturn: An economic downturn could lead to reduced capital expenditure in industries that require cleanrooms, impacting Fabtech’s order book.
  • Technological Obsolescence: Rapid advancements in cleanroom technology could make existing solutions less competitive.
  • Competition from International Players: Competition from international companies with advanced cleanroom technologies and greater resources could pose a threat.
  • Stringent Regulatory Requirements: Increasingly stringent regulatory requirements related to cleanroom standards and certifications could increase compliance costs.

Fabtech Technologies IPO GMP Details

Fabtech Technologies SME IPO last GMP is ₹80, last updated Jan 7th 2025 10:24 AM. With the price band of 85.00, Fabtech Technologies SME IPO’s estimated listing price is ₹165 (cap price + today’s GMP).The expected percentage gain/loss per share is 94.12%.

We update GMP on a daily basis and based on last 12 sessions grey market activities, today IPO GMP points upward and expects a strong listing. The lowest GMP is ₹0, while the highest GMP is ₹80. Stay with us to know the daily price trend of Fabtech Technologies SME IPO GMP with expected listing price.

GMP Date IPO Price GMP Sub2 Sauda Rate Estimated Listing Price Last Updated
07-01-2025 Close 85.00 ₹80  97300 ₹165 (94.12%) 7-Jan-2025 10:24
06-01-2025 85.00 ₹80   97300 ₹165 (94.12%) 6-Jan-2025 22:23
05-01-2025 85.00 ₹75  91200 ₹160 (88.24%) 5-Jan-2025 22:32
04-01-2025 85.00 ₹75  91200 ₹160 (88.24%) 4-Jan-2025 22:29
03-01-2025 Open 85.00 ₹75   91200 ₹160 (88.24%) 3-Jan-2025 22:30

What is IPO GMP?

The grey market premium (GMP) reflects the unofficial trading price of an IPO before its listing, offering insights into its potential market performance. A positive GMP indicates that the IPO may yield profits, while a negative GMP suggests a possible discount upon listing. However, it’s essential to recognize that IPO GMP can be highly volatile. Therefore, investors should not make decisions solely based on the GMP but should thoroughly assess all relevant factors before investing.

Fabtech Technologies IPO Subscription Status 

Fabtech Technologies IPO subscribed 257.08 times. The public issue subscribed 336.65 times in the retail category, 17.56 times in QIB, and 389.97 times in the NII category by January 7, 2025

Investor Category Subscription (times) Shares Offered* Shares bid for Total Amount (Rs Cr.)* Total Application
Anchor Investors 1 9,28,000 9,28,000 7.89
Market Maker 1 1,64,800 1,64,800 1.40
Qualified Institutions 17.56 6,19,200 1,08,73,600 92.43 25
Non-Institutional Buyers*** 389.97 4,65,600 18,15,71,200 1,543.36 17,023
Retail Investors 336.65 10,86,400 36,57,32,800 3,108.73 2,28,640
Total ** 257.08 21,71,200 55,81,77,600 4,744.51 3,44,278

Note:

  • *: “Shares Offered” and “Total Amount” are calculated based on the upper price of the issue price range.

  • **: The portion of anchor investors (or market makers) is not included in the total number of shares offered.

  • ***: Market Maker portion is not included to NII/HNI.
Date QIB NII* Retail Total
Day 1
Jan 3, 2025
0 13.54 33.88 19.86
Day 2
Jan 6, 2025
7.48 172.09 263.43 170.85
Day 3
Jan 7, 2025
17.56 389.97 336.65 257.08

Fabtech Technologies IPO Allotment status 

Fabtech Technologies IPO allotment is expected on Wednesday, January 8, 2025.

Fabtech Technologies IPO allotment status is not available at this time. Fabtech Technologies IPO – The allotment status will be available once the basis of allotment is finalized. Please revisit us to check the latest updates for Fabtech Technologies Cleanrooms Limited IPO allotment status.

To check Fabtech Technologies IPO allotment status, follow the steps below:

  1. Click on the below allotment status check button.
  2. Select Company Name.
  3. Enter your PAN Number, Application Number or DP Client ID (Anyone).
  4. Click on Search.

On securing the allotment, you will receive the credit of equivalent shares in your Demat account.

Fabtech Technologies IPO Contact Details

Fabtech Technologies Cleanrooms Limited
615, Janki Center,
Off. Veera Desai Road,
Andheri West Mumbai, 400053
Phone: +91-22 4514 5321
Email: secretarial@fabtechnologies.com
Websitehttps://fabtechcleanroom.com/

Disclaimer: Investing in Initial Public Offerings (IPOs) involves substantial risk, and financial returns are not guaranteed. The information provided should not be construed as financial or investment advice. Prospective investors are advised to consider their financial situation, investment objectives, and risk tolerance before participating in an IPO. It is recommended to consult with a qualified financial advisor or professional before making any investment decisions. Past performance is not indicative of future results. Investments in IPOs may be subject to market risk, including the potential loss of principal.

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