Fabtech Technologies IPO: The IPO of Fabtech Technologies is going to open tomorrow i.e. on 3rd January. The company intends to raise Rs 27.74 crore through public issue. This is a BSE SME IPO, for which the price band of Rs 80-85 per share has been fixed. Under this IPO, 32.64 lakh fresh equity shares worth Rs 27.74 crore will be issued. At the same time, there will be no sale through Offer for Sale (OFS). This means that the entire proceeds from the IPO will go to the company.
About Fabtech Technologies IPO
There will be an opportunity to invest in the IPO of Fabtech Technologies till January 7. The minimum lot size to apply for this is 1600 shares. Retail investors will have to invest at least ₹ 1,36,000 in it. After subscription, allotment of shares to successful investors is expected to be done on January 8, 2025. Further, the tentative date for listing of shares has been fixed as Friday, January 10, 2025.
Vivaro Financial Services Pvt Ltd is the book running lead manager of Fabtech Technologies IPO, while Mashitala Securities Pvt Ltd is the registrar to the issue. The market maker for Fabtech Technologies IPO is Rikhav Securities Limited.
Where will Fabtech Technologies use the funds?
The proceeds from the IPO are to be used for long term working capital needs. Additionally, the funds will also be used for the proposed acquisition of equity shares of Kelvin Air Conditioning & Ventilation Systems Pvt. Ltd. and for general corporate purposes.
Latest GMP of Fabtech Technologies IPO
There is huge demand for this IPO in the gray market. Today this issue is trading at a premium of Rs 50 in the unlisted market. Accordingly, the company’s shares are likely to be listed at a price of Rs 135. If this happens, investors will get a huge profit of 58.82 percent on the listing. However, keep in mind that the situation in the gray market is constantly changing.
Fabtech Technologies business and financials
Fabtech Technologies Cleanrooms Limited provides cleanroom solutions to the pharma, healthcare and biotech sectors. The company provides modular panels and doors for cleanroom environments. The company provides a range of solutions from design to validation, including engineering, manufacturing and installation of cleanroom components such as wall panels, doors, HVAC systems and epoxy flooring.
The company has facilities in Umargaon in Gujarat and Murbad in Thane. The company holds 26% stake in Advantech Air Systems Pvt Ltd and has invested in Kelvin Air Conditioning and Ventilation Systems Pvt Ltd to enhance its HVAC capabilities. In FY24 the company recorded Revenue of ₹9739.15 lakh and EBITDA of ₹905.81 lakh and PAT of ₹578.46 lakh. The company has achieved Revenue of ₹ 6192.95 Lakh, EBITDA of ₹ 754.40 Lakh and PAT of ₹ 540.18 Lakh by September 2024.
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