Fabtech Technologies Cleanrooms Limited has received in-principle approval from the Bombay Stock Exchange (BSE) for its Draft Red Herring Prospectus, paving the way for its upcoming Small and Medium Enterprises (SME) Initial Public Offering (IPO). The company aims to raise capital to fund several strategic initiatives, including its long-term working capital needs, acquiring equity shares in Kelvin Air Conditioning and Ventilation Systems Private Limited, and addressing general corporate requirements.
The IPO will offer up to 32,64,000 fresh equity shares, each with a face value of ₹10. Fabtech specializes in providing modular panels and door systems for cleanroom environments in industries such as pharmaceuticals, biotech, and healthcare. Offering end-to-end solutions, the company is involved in every stage, from design and engineering to installation and validation of components like wall panels, HVAC systems, doors, and epoxy flooring.
About Fabtech Technologies Cleanrooms
Founded in 2015 under the Fabtech Group, which has over 28 years of experience in the engineering sector, Fabtech operates from advanced facilities in Umbergaon, Gujarat, and Murbad, Thane. The company also holds strategic stakes in Advantek Air Systems Private Limited (26%) and Kelvin Air Conditioning and Ventilation Systems Private Limited to bolster its HVAC expertise. In 2024, Fabtech underwent a rebranding to further strengthen its market position.
For the fiscal year ending March 31, 2024, Fabtech reported a revenue of ₹9,799.26 Lakhs, with an EBITDA of ₹905.81 Lakhs and a net profit (PAT) of ₹578.17 Lakhs, demonstrating solid financial performance.
Vivro Financial Services Private Limited is serving as the Book Running Lead Manager for the IPO, while Maashitla Securities Private Limited will be the Registrar to the Issue.
With its strong market presence and promising financial performance, Fabtech is well-positioned for robust growth in the cleanroom technology sector. The upcoming IPO offers an attractive opportunity for investors in India’s burgeoning SME market.
