Fabtech Technologies Cleanrooms Ltd
Fabtech Technologies Cleanrooms Limited, a prominent manufacturer of pre-engineered and pre-fabricated modular panels and doors for cleanrooms, is set to launch its Initial Public Offering (IPO) on January 3, 2025. This article provides a comprehensive overview of the IPO, including key details and financial insights for potential investors.
Company Overview
Incorporated in 2015, Fabtech Technologies specializes in delivering end-to-end cleanroom solutions tailored for the pharmaceutical, healthcare, and biotech industries. Their product portfolio includes cleanroom panels, view panels, doors, ceiling panels, covings, HVAC systems, and electrification works, all designed to meet stringent industry standards. The company’s primary manufacturing facility is located in Umbergaon, Valsad, Gujarat, covering 70,000 sq. ft., equipped with advanced machinery for cleanroom partition production. Additionally, through its subsidiary, Altair Partition Systems LLP, Fabtech manufactures economical-grade modular panels at a 25,000 sq. ft. facility in Murbad, Thane.
IPO Timeline
- Open Date: January 3, 2025
- Close Date: January 7, 2025
- Basis of Allotment: January 8, 2025
- Initiation of Refunds: January 9, 2025
- Credit of Shares to Demat Accounts: January 9, 2025
- Listing Date: January 10, 2025
Price Band and Lot Size
- Price Band: ₹80 to ₹85 per equity share
- Face Value: ₹10 per share
- Lot Size: 1,600 shares
- Minimum Investment: ₹1,36,000
Key Dates
| Event | Date |
|---|---|
| IPO Open Date | January 3, 2025 |
| IPO Close Date | January 7, 2025 |
| Basis of Allotment Finalization | January 8, 2025 |
| Initiation of Refunds | January 9, 2025 |
| Credit of Shares to Demat | January 9, 2025 |
| Listing Date | January 10, 2025 |
Financials
| Metric | FY 2022 | FY 2023 | FY 2024 | H1 FY 2025 |
|---|---|---|---|---|
| Revenue (₹ in Crores) | 113.70 | 124.67 | 97.39 | 61.93 |
| Profit After Tax (₹ in Crores) | 3.60 | 7.96 | 5.78 | 5.40 |
| Net Worth (₹ in Crores) | 37.35 | 45.30 | 51.45 | 61.88 |
| Total Assets (₹ in Crores) | 81.88 | 80.58 | 89.12 | 94.39 |
Note: Figures are based on consolidated financial statements.
Strengths
- Diverse Domain Expertise: Extensive experience in designing, manufacturing, and installing cleanrooms across various industries.
- Integrated Solutions Provider: Offers end-to-end cleanroom infrastructure solutions with automated manufacturing facilities.
- Experienced Management Team: Led by seasoned promoters with deep domain knowledge.
Risks
- Revenue Decline: Notable decrease in revenue and profit after tax between FY 2023 and FY 2024.
- Customer Concentration: Significant dependence on a limited number of customers.
- Pending Litigations: Ongoing legal proceedings against the company and its promoters.
IPO Anchor Investors Details
As of the latest available information, specific details regarding anchor investors have not been disclosed.
IPO Promoter Holding
| Promoter Name | Pre-Issue Holding (%) | Post-Issue Holding (%) |
|---|---|---|
| Aasif Ahsan Khan | 93.07 | Data not available |
| Hemant Mohan Anavkar | Data not available | Data not available |
| Manisha Hemant Anavkar | Data not available | Data not available |
IPO Grey Market Premium (GMP)
| Date | GMP (₹) | Kostak (₹) | Subject to Sauda (₹) |
|---|---|---|---|
| December 28, 2024 | NA | NA | NA |
Note: Grey Market Premium (GMP) is subject to change and may vary based on market conditions.
Final Thoughts
Fabtech Technologies Cleanrooms Limited presents a unique opportunity for investors interested in the cleanroom solutions sector, particularly within the pharmaceutical and healthcare industries. While the company boasts significant strengths, including integrated manufacturing capabilities and an experienced management team, potential investors should carefully consider the noted risks, such as recent financial performance and customer concentration. Conducting thorough due diligence and consulting with financial advisors is recommended before making investment decisions.