Fabtech Technologies Cleanrooms Limited is set to launch its public offer. The issue will open on 3 January, 2025, and close on 7 January, 2025. This is a Book Built Issue. Through this offering, the company aims to raise approximately ₹ * crores from potential investors.
The public offering consists of a total issue of 32,64,000 equity shares, comprising a Fresh Issue of 32,64,000 equity shares, amounting to ₹ 27.74 crores. There is no offer for sale. The face value of the shares is ₹10 per share, and the issue price is set at ₹80 to ₹85 per share. Investors can bid for a minimum lot size of 1600 shares.
Fabtech Cleanrooms is a leader in clean air technology with specialisation in designing and manufacturing advanced cleanroom and HVAC systems. Since 2004, they have delivered over 2,000 projects worldwide. The company is focusing on cost-effective and high-quality solutions. They are manufacturing from modular cleanrooms to HVAC systems. The company is having a dedicated team of over 100 experts. Fabtech offers complete turnkey solutions, helping clients across industries.
Key Details of the Issue
| Category | Detail | Information |
|---|---|---|
| Key Dates | IPO Open Date | 3 January, 2025 (Friday) |
| IPO Close Date | 7 January, 2025 (Tuesday) | |
| Pricing Information | Face Value | ₹10 per equity share |
| Issue Price Range | ₹80 to ₹85 per share | |
| Offer Structure | Total Issue Size | 32,64,000 shares (aggregating up to ₹27.74 Cr) |
| Fresh Issue | 32,64,000 shares (aggregating up to ₹27.74 Cr) | |
| Offer for Sale | N/A | |
| Investor Details | Lot Size | 1,600 Shares |
| Listing Exchange | BSE SME | |
| IPO Type | Book Built Issue | |
| Market Maker Portion | 1,64,800 shares |
Important Dates of the Issue
| Event | Date |
|---|---|
| IPO Opening Date | 3 January, 2025 (Friday) |
| IPO Closing Date | 7 January, 2025 (Tuesday) |
| Basis of Allotment | 8 January, 2025 (Wednesday) |
| Initiation of Refunds | 9 January, 2025 (Thursday) |
| Credit of Shares to Demat | 9 January, 2025 (Thursday) |
| Listing Date | 10 January, 2025 (Friday) |
What is GMP of Fabtech Technologies IPO Today?
As of January 3, 2025, the Grey Market Premium (GMP) for the Fabtech Technologies Public Offer is ₹75. This indicates that the shares are expected to list at approximately ₹160 per share.
Note: GMP is an unofficial indicator and is based on market speculation; it does not guarantee actual listing performance.
Important Financial Data of Company
| Particulars | 30 Sep 2024 (₹ Lakhs) | FY 2024 (₹ Lakhs) | FY 2023 (₹ Lakhs) | FY 2022 (₹ Lakhs) |
|---|---|---|---|---|
| Assets | 9,438.96 | 8,911.75 | 8,057.67 | 8,187.62 |
| Revenue | 6,222.89 | 9,799.26 | 12,510.15 | 11,394.85 |
| Total Expense | 5,518.41 | 9,046.23 | 11,355.27 | 10,880.97 |
| Profit After Tax | 540.18 | 578.46 | 796.28 | 360.02 |
| Net Worth | 6,187.78 | 5,145.17 | 4,530.25 | 3,734.76 |
| Reserves and Surplus | 5,299.93 | 4,886.69 | 4,275.41 | 3,479.13 |
Let’s take a closer look at the financial health of this company based on these numbers. As of March 31, 2022, the company’s assets increased from ₹8,187.62 lakh to ₹8,911.75 lakh by the financial year 2024, showing significant growth. However, the revenue saw a slight decline from ₹11,394.85 lakh in March 2022 to ₹9,799.26 lakh by March 2024.
Despite this, the Profit After Tax increased significantly from ₹360.02 lakh to ₹578.46 lakh, indicating substantial growth in profitability. The company also showed significant growth in its reserves and surplus, which increased from ₹3,479.13 lakh in March 2022 to ₹4,869.69 lakh by March 2024. This indicates that the company is increasing its reserves, which can be utilized whenever needed, whether for acquiring assets or providing dividends to investors.
Company’s Key Performance Indicators
| Key Performance Indicator | Value |
|---|---|
| Return on Capital Employed (ROCE) | 15.83% |
| Return on Equity (ROE) | 11.96% |
| Debt to Equity Ratio | 0.11 |
| Return on Net Worth (RoNW) | 11.95% |
| EBITDA Margin (%) | 9.24% |
| After Tax Profit Margin (%) | 5.90% |
| Net Asset Value (NAV) | ₹61.56 |
| Earnings Per Share (EPS) | ₹6.92 |
| Price to Book Value (P/BV) | * |
Cash Flow Overview
| Activity | Period Ended Sep 30, 2024 (₹ Lakhs) | FY 2024 (₹ Lakhs) | FY 2023 (₹ Lakhs) | FY 2022 (₹ Lakhs) |
|---|---|---|---|---|
| Net Cash from Operating Activities | 411.91 | 276.32 | 798.17 | 272.84 |
| Net Cash from Investing Activities | -581.03 | -151.69 | -314.46 | -358.74 |
| Net Cash from Financing Activities | 226.71 | -94.01 | -396.23 | 73.72 |
| Net Increase/Decrease in Cash and Cash Equivalents | 57.59 | 30.61 | 87.48 | -12.19 |
Industry-Wise Revenue Overview
| Industry | As on Sep 30, 2024 (₹ Lakhs) | FY 2024 (₹ Lakhs) | FY 2023 (₹ Lakhs) | FY 2022 (₹ Lakhs) |
|---|---|---|---|---|
| Pharmaceuticals, Healthcare, and Biotech | 5,313.36 | 9,258.99 | 11,763.59 | 10,988.88 |
| Others | 879.59 | 480.16 | 703.04 | 381.01 |
| Total Revenue from Operations | 6,192.95 | 9,739.15 | 12,466.63 | 11,369.89 |
Revenue Breakdown by Geography
| Particulars | As on Sep 30, 2024 (₹ Lakhs) | FY 2024 (₹ Lakhs) | FY 2023 (₹ Lakhs) | FY 2022 (₹ Lakhs) |
|---|---|---|---|---|
| Domestic Sales | 5,882.37 | 9,522.46 | 12,402.05 | 11,297.91 |
| Export Sales | 310.58 | 216.69 | 64.58 | 71.98 |
| Total Revenue | 6,192.95 | 9,739.15 | 12,466.63 | 11,369.89 |
Investor Category-Wise Reservation
| Investor Category | Reservation |
|---|---|
| Shares Reserved for QIB | 50% of the Net Offer |
| Shares Reserved for Retail Investors | 35% of the Net Offer |
| Shares Reserved for Non-Institutional Investors | 15% of the Net Offer |
Lot Size and Application Amount
| Application | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail Investor (Minimum) | 1 | 1,600 | ₹1,36,000 |
| Retail Investor (Maximum) | 1 | 1,600 | ₹1,36,000 |
| HNI Investor (Minimum) | 2 | 3,200 | ₹2,72,000 |
Key Objectives of the Issue
The net proceeds collected from this issue will be used for the following purposes.
- For acquiring equity shares of Kelvin Air Conditioning and ventilation System.
- Working Capital Needs of the companies
- General Corporate Purposes.
Final Words:
The company’s financials can be considered moderate—neither too strong nor too weak. Although the company has shown good profitability. Considering the Grey Market Premium (GMP), the issue seems to be performing moderately. However, we never advise investors to make decisions solely based on GMP, as it’s not always reliable. Investors should carefully consider their options before deciding whether to invest.
Popular Questions
1. What are the opening and closing dates for the Fabtech Technologies Cleanrooms Limited public offering?
The issue opens on 3 January, 2025, and closes on 7 January, 2025.
2. What is the issue price for the Fabtech Technologies Cleanrooms Limited public issue?
The issue price is ₹* to ₹* per equity share.
3. What is the lot size for retail investors in this offer?
Retail investors can bid for a minimum of * shares.
4. Who is the lead manager for this public offering?
The lead manager is Vivro Financial Services Private Limited.
5. Who is the registrar for the Fabtech Technologies Cleanrooms Limited public issue?
The registrar is Maashitla Securities Private Limited.
6. What are the main objectives of this offer?
The funds raised through this issue will be utilized for:
- Strengthening long-term working capital.
- Acquiring equity shares of Kelvin Air Conditioning and Ventilation Systems Private Limited.
- General corporate purposes.
7. On which stock exchange will the shares be listed?
The shares of Fabtech Technologies Cleanrooms Limited are proposed to be listed on BSE SME.
8. What is the total issue size for the Fabtech Technologies Cleanrooms Limited public offering?
The total issue size is 32,64,000 equity shares.
9. When will the allotment and refund process begin?
The allotment date is 8 January, 2025, and refunds will begin on 9 January, 2025.
10. When will the shares be credited to the Demat account?
Shares will be credited to the Demat accounts on 9 January, 2025.
11. What is the expected listing date for the offer?
The shares are expected to list on 10 January, 2025.
It is always beneficial to read Draft Red Herring Prospectus (DRHP) and Red Herring Prospectus (RHP) carefully to better understand its financials and growth opportunities before making a decision.
Looking for more such reviews? Check out our IPO Dashboard for recent posts on other Main-board IPO & SME IPOs for the latest market updates.
Note: This article is based on the information received from the company’s official documents, including the Draft Red Herring Prospectus (DRHP) and Red Herring Prospectus (RHP). For up-to-date information on the Grey Market Premium (GMP) for the Fabtech Technologies Ltd IPO, you may please check our Current GMP, where we will post the latest figures as soon as they are available.
Disclaimer: This article is for educational purposes only. We do not offer any advice on buying or selling securities. Please consult your financial advisor before investing in an public issue or any other securities to make sure that it suits your financial plans and risk tolerance.
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