Fabtech Technologies is coming up with an IPO offering 32,64,000 fresh equity shares of the company, aggregating to INR 27.74 crores. The company intends to use the funds raised to meet its long-term working capital requirement, acquire shares of Kelvin Air Conditioning and Ventilation Systems Private Limited, and for general corporate purposes.
Fabtech Technologies IPO – Important Dates
| Fabtech Technologies IPO Date | January 3, 2025 to January 7, 2025 |
| Fabtech Technologies IPO Listing Date | January 10, 2025 |
| Fabtech Technologies IPO Price | INR 80-85 per share |
| Fabtech Technologies IPO Lot Size | 1600 Shares |
| Fabtech Technologies IPO Total Issue Size | INR 27.74 crores |
| Fabtech Technologies IPO Basis of Allotment | January 8, 2025 |
| Fabtech Technologies IPO Initiation of Refunds | January 9, 2025 |
| Fabtech Technologies IPO Credit of Shares to Demat | January 9, 2025 |
| Fabtech Technologies IPO Issue Type | Book Built Issue |
| Fabtech Technologies IPO Listing At | BSE SME |
Fabtech Technologies Cleanrooms Limited IPO – Company Profile
Fabtech Technologies is engaged in the business of manufacturing and providing design-to-validation solutions of pre-engineered and pre-fabricated modular panels and doors for building cleanrooms for the pharmaceutical, healthcare & biotech sectors. Cleanrooms are specially designed or constructed in a controlled environment to ensure low levels of pollutants, dust, airborne microbes, aerosol, and chemical vapour.
Through one of its subsidiaries, Altair Partition Systems LLP (“Altair”), the company manufactures modular panels of economic grade. Altair’s manufacturing facility is located in Murbad, Thane.
Fabtech Technologies Cleanrooms Ltd IPO Fundamental Analysis
Fabtech Technologies Cleanrooms shows signs of financial stability with low debt, good liquidity, and positive NAV growth. However, the declining revenue, profits, and profitability ratios make it a riskier proposition for potential investors.
1. Revenue: Revenue has been on a downward trend, with a significant decrease in FY2024 and a continued drop in H1 FY2025. This decline may raise concerns about the company’s market position and demand for its products/services.
2. Equity and Liabilities: Equity growth indicates that the company is managing its financial resources well. Retained earnings and potential capital raises have contributed to the strengthening of the equity base. Liabilities have been reduced in H1 FY2025, which is a positive sign indicating better financial management and de-leveraging. The low and improving debt-equity ratio indicates the company is reducing its financial leverage, which is a positive sign for financial health.
3. Profitability: The company’s PAT has declined, mirroring the revenue decline, suggesting that cost-cutting measures have not been sufficient to offset the reduction in income.
4. Earnings Per Share (EPS): EPS has followed the same downward trend as revenue and PAT. This reflects the company’s declining profitability and lower earnings per share for shareholders.
5. Asset management: Total assets have been growing steadily, reflecting the company’s continued investment in its operations and infrastructure.
Fabtech Technologies IPO Financial Analysis
| Particular | As of 31 March 2023 | As of 31 March 2024 | As of 30 September 2024 |
| Revenue (₹ in lakhs) | 12,466.63 | 9,739.15 | 6,192.95 |
| Equity (₹ in lakhs) | 4,554.00 | 5,165.29 | 6,205.47 |
| Expenses (₹ in lakhs) | 11,355.27 | 9,046.23 | 5,518.41 |
| Profit and Loss After Tax (₹ in lakhs) | 796.28 | 578.46 | 540.18 |
| RoNW (%) | 19.27 | 11.95 | 9.53 (not annualised) |
| Diluted EPS only (₹) | 9.53 | 6.92 | 6.00 (not annualised) |
| NAV per Equity Share (₹) | 54.20 | 61.56 | 68.33 |
| Total Assets (in lakhs) | 8,057.67 | 8,911.75 | 9,438.96 |
| Total Liabilities (in lakhs) | 3,503.67 | 3,746.46 | 3,233.49 |
| Debt Equity Ratio (in times) | 0.13 | 0.11 | 0.05 |
| Current Ratio (in times) | 2.27 | 2.35 | 2.80 |
Fabtech Technologies Cleanrooms Limited IPO Peer Comparison
There are no listed companies whose business operations are similar to that of the Company or are of a comparable size to that of the Company. Accordingly, it is not possible to provide an industry comparison in relation to the Company.
Fabtech Technologies Cleanrooms Ltd IPO Objective
Fabtech Technologies Cleanrooms plans to utilise INR 14 crores to meet long-term working capital requirements, enabling growth opportunities. Additionally, INR 5.50 crores will be invested in acquiring equity shares of Kelvin Air Conditioning and Ventilation Systems Private Limited to expand capabilities.
- To meet the long-term working capital requirement: Working capital enables the business to take advantage of favourable market conditions and seize opportunities for growth. The company plans to utilise INR 14 crores for the said purpose.
- Proposed acquisition of the equity shares of Kelvin Air Conditioning and Ventilation Systems Private Limited: One of the strategies is to continue pursuing inorganic growth through acquisition, strategic partnerships and technical collaboration in order to expand the execution capabilities, diversify customer base, and enable operational integration. The company plans to invest INR 5.50 crores for the said purpose.
Fabtech Technologies IPO Risks And Challenges
Fabtech Technologies Cleanrooms’ business heavily relies on the pharmaceuticals, healthcare, and biotech sectors, and any adverse developments in these sectors may affect operations. Pending litigations against the company, promoters, and directors could also negatively impact business, operations, and financial conditions.
- The majority of the customers operate in the pharmaceuticals, healthcare and biotech sectors. Factors that adversely affect these sectors or capital expenditure by companies within these sectors may adversely affect the business, results of operations and financial condition.
- The continued operations are critical to the business, and any shutdown of the manufacturing unit may adversely affect the business, results of operations and financial condition.
- There are pending litigations against the Company, certain of the Promoters and the Directors. Any adverse decision in such proceedings may render them liable to liabilities/penalties and adversely affect the business, operations, and financial condition.
Fabtech Technologies Cleanrooms Ltd IPO – Industry & Market Potential
The Indian HVAC market, valued at USD 5.68 billion in 2023, is projected to soar to USD 31.85 billion by 2030, with a CAGR of 27.9% fuelled by increasing urbanisation and the imperative for efficient climate control systems in residential, commercial, and industrial buildings.
This is going to be driven by the adoption of smart, energy-efficient and sustainable HVAC systems in offices, retail spaces, households and healthcare facilities, spurred by the need for comfortable indoor environments, growing awareness about indoor air quality, and compliance with stringent regulations.
Fabtech Technologies Cleanrooms Limited IPO – Type of Offer
Fabtech Technologies is coming up with an IPO offering 32,64,000 fresh equity shares, aggregating to INR 27.74 crores. The company intends to use the funds raised to meet its long-term working capital requirement, acquire shares of Kelvin Air Conditioning and Ventilation Systems Private Limited, and for general corporate purposes.
Fabtech Technologies IPO Offer Size
The offer size for Fabtech Technologies’ IPO is 32,64,000 fresh equity shares, totalling INR 27.74 crores. The company plans to use the funds raised for its long-term working capital requirements, acquiring shares of Kelvin Air Conditioning and Ventilation Systems Private Limited, and for general corporate purposes.
Fabtech Technologies Cleanrooms Limited IPO Allotment Structure
Fabtech Technologies Limited’s allocation will be as follows: 50% for Qualified Institutional Buyers (QIB), 15% for Non-Institutional Investors (NII), and 35% for Retail Individual Investors (RII) according to SEBI regulations. 1,64,800 shares are reserved for market makers.
● Qualified Institutional Buyers (QIB): As per SEBI regulations, 50% of the shares offered through the IPO will be reserved for Qualified Institutional Buyers. These include entities such as banks, mutual funds, and insurance companies.
● Non-Institutional Investors (NII): 15% of the shares will be reserved for Non-Institutional Investors. These typically include corporate bodies or individuals investing more than Rs.2 lakhs.
● Retail Individual Investors (RII): The remaining 35% of the shares will be allotted to Retail Individual Investors. These individual investors apply for shares with a total value of less than Rs.2 lakhs.
● Market Maker Reservation: A portion of shares, i.e. 1,64,800 shares, are reserved for market makers.
How to apply for the Fabtech Technologies IPO?
To apply for the Fabtech Technologies IPO through Alice Blue, you would typically follow these steps:
Open a Demat and Trading Account: If you don’t have one already, you must open a Demat and trading account with Alice Blue.
- Check for IPO Details: Once your account is active, you can check for the Fabtech Technologies IPO details in the IPO section of the Alice Blue platform.
- Place the Bid: Enter the number of shares you wish to buy and place your bid within the IPO’s price band.
- Submit the Application: Confirm all your details and submit your application.
You can apply for Fabtech Technologies IPO at Alice Blue in just a few clicks!
Check Allotment Status: After the allotment process, you can check the allotment status to see if you have received any shares.
Please note that the allotment of shares is not guaranteed and will depend on the demand for the IPO.
How to Check Fabtech Technologies IPO Allotment Status on Alice Blue?
Checking the allotment status of an IPO in Alice Blue is usually straightforward. Please follow these general steps:
- Log in to your Alice Blue Account: You can do this through the Alice Blue website or the trading app.
- Navigate to the Portfolio or IPO Section: This might differ based on the layout of Alice Blue’s platform, but generally, you can find the status of your IPO application under the ‘Portfolio’ or ‘IPO’ section.
- Find the IPO Allotment Status: Look for a sub-section called ‘IPO Allotment Status’ or something similar. This is where you can see the status of the IPOs you have applied for.
- Select the Fabtech Technologies IPO: If you have applied for multiple IPOs, there might be a dropdown menu or a list where you can select the IPO you are interested in. Select the Fabtech Technologies IPO.
- Check the Status: The status of your application should be displayed here. If the shares have been allocated to you, it would be mentioned here.
If you face any issues, we request you reach out to our customer support team at Alice Blue for detailed assistance.
Apart from Alice Blue, there are other ways to check the allotment status of the Fabtech Technologies IPO:
● Registrar’s Website: Visit the website of Maashitla Securities Private Limited, the registrar of the Fabtech Technologies IPO. On the homepage, look for the ‘IPO Allotment Status’ option. You must enter your PAN, application, or Demat account number to check your allotment status. Click on the ‘Submit’ button to view your IPO allotment status.
● BSE SME: You can also check the allotment status on the official websites of the Bombay Stock Exchange (BSE) SME (Small Medium Enterprise) Platform. You would need your application number and PAN to check the status.
Please note that the allotment status will only be available after the allotment process has been completed, a few days after the IPO window closes.
Fabtech Technologies Ltd IPO Offer Registrar
The registrar for the Fabtech Technologies Limited IPO is Maashitla Securities Private Limited. They are responsible for ensuring the IPO allotment and refund processes are carried out smoothly.
Contact information for the registrar:
Maashitla Securities Private Limited
451, Krishna Apra Business Square,
Netaji Subhash Place, Pitampura,
New Delhi – 110034.
Email Id: [email protected]
Website: www.maashitla.com
Fabtech Technologies Ltd IPO FAQs
What is the allotment date of the Fabtech Technologies IPO?
The allotment date of Fabtech Technologies IPO is January 8, 2025.
What is the price band of Fabtech Technologies IPO?
The price band of Fabtech Technologies IPO is INR 80-85 per share.
What is the size of the Fabtech Technologies IPO?
The offer size for Fabtech Technologies’ IPO is 32,64,000 fresh equity shares, totalling INR 27.74 crores. The company plans to use the funds raised for its long-term working capital requirements, acquiring shares of Kelvin Air Conditioning and Ventilation Systems Private Limited, and for general corporate purposes.
What is the listing date of the Fabtech Technologies IPO?
The listing date of Fabtech Technologies IPO is January 10, 2025.
Where is the Fabtech Technologies IPO Getting Listed?
Fabtech Technologies is getting listed on the SME (Small Medium Enterprise) Platform of the Bombay Stock Exchange (BSE).
What are the open and close dates of the Fabtech Technologies Limited IPO?
The open and close dates of Fabtech Technologies Limited are January 3, 2025, and January 7, 2025, respectively.
How to apply for Fabtech Technologies Ltd IPO in Alice Blue?
To apply for the Fabtech Technologies Limited IPO through Alice Blue, open a Demat and Trading account, check IPO details, place your bid, and submit your application. After allotment, check your status. Share allotment depends on IPO demand.
Who is the Book Runner for the Fabtech Technologies IPO?
The Book Runner for Fabtech Technologies is Vivro Financial Services Private Limited.
