The busy schedule of primary markets continues even as we enter the new year 2025. Among the many public offers set to open in January, the Fabtech Technologies Cleanrooms IPO is one of the first. The BSE SME issue is set to go live on Jan. 3 and is aiming to raise Rs 24.74 crore by offering fresh shares.

Investors who want to bid for the Fabtech Technologies IPO must consider these key details before investing in the shares. 

Fabtech Technologies IPO: Key Details

The Fabtech Technologies Cleanrooms IPO is entirely a fresh issue of 32.64 lakh shares aggregating to Rs 24.74 crore with no offer-for-sale component. The issue will remain open for bidding between Jan. 3 and Jan. 7. 

Share allotment for the IPO is likely to be done on Tuesday, Jan. 8, with successful bidders getting their credit of shares to Demat accounts on Jan. 9. Refunds will be initiated to non-allottees on the same day.

Shares of Fabtech Technologies Cleanrooms are likely to be listed on BSE SME on Friday, Jan. 10.

Fabtech Technologies IPO price band has been set between Rs 80 and 85 per share. Retail investors are required to apply for a minimum of 1,600 shares in one lot, taking the investment amount to Rs 1,36,000 for a single lot application.

The company has reserved up to 50% of the net issue for qualified institutional buyers and 35% for retail investors. The remaining 15% of the shares offered for subscriptions are allocated to non-institutional investors. 

Maashitla Securities Pvt. is the registrar for the Fabtech Technologies IPO, while Vivro Financial Services Pvt. has been appointed as its book-running lead manager.  Rikhav Securities Ltd. is the market maker for this SME IPO. 

Fabtech Technologies Cleanrooms IPO GMP Today

The grey market premium of Fabtech Technologies IPO was Rs 50 as of 7:58 a.m. on Jan. 3, according to InvestorGain. This projects a listing gain of 58.82%. Shares of Fabtech Technologies are anticipated to list at Rs 135 at the upper end of the price band.

Note: GMP or grey market price is not an official price quote for the stock and is based on speculation.

Fabtech Technologies Cleanrooms: Business And Financials

Fabtech Technologies Cleanrooms Ltd. works in the pharma, biotech and healthcare sectors, making re-engineered and prefabricated modular panels and doors for building cleanrooms for the industries.

The company’s product portfolio includes cleanroom panels, view panels, doors, ceiling panels, covings, HVAC systems, and electrification works. It has a 70,000 sqft manufacturing facility in Umbergaon, Valsad, Gujarat.

Use Of Proceeds

The company will use a portion of the IPO proceeds to fund its proposed acquisition of Kelvin Air Conditioning and Ventilation Systems Pvt. The money raised via the IPO will further go towards long-term working capital needs and general corporate purposes.

Financials

Fabtech Technologies Cleanrooms Ltd. reported a revenue of Rs 62.22 crore and a net profit of Rs 5.4 crore for the period ended Sept. 30, 2024. In FY24, its revenue declined by 22% to Rs 98 crore from Rs 125.10 crore in FY23. The net profit during this period decreased 27% year-on-year to Rs 5.78 crore from Rs 7.96 crore.

Disclaimer: Investments in initial public offerings are subject to market risks. Please consult with financial advisors and read red herring prospectus thoroughly before placing bids.

. Read more on IPOs by NDTV Profit.Shares of Fabtech Technologies Cleanrooms are likely to be listed on BSE SME on Friday, Jan. 10.  Read MoreIPOs 

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