Overview
Fabtech Technologies Cleanrooms Ltd made a remarkable debut on the BSE SME platform, listing at ₹161.50 per share, a 90% premium over its IPO price range of ₹80–85. This stellar performance follows an overwhelming subscription rate of over 700 times during the IPO's bidding period, from January 3 to January 7, 2025. Post-listing, the company's market capitalization stood at ₹198.96 crore.
IPO Details
- IPO Size: ₹27.74 crore
- Price Band: ₹80–85 per share
- Shares Offered: 32.64 lakh (entirely fresh issue)
- Utilization of Proceeds:
- Long-term working capital requirements
- Proposed acquisition of Kelvin Air Conditioning and Ventilation Systems
Business Profile
Fabtech Technologies specializes in manufacturing and providing design-to-validation solutions for cleanroom infrastructure. Its offerings cater to sectors such as pharmaceuticals, healthcare, and biotechnology. The company's product range includes:
- Pre-engineered and pre-fabricated modular panels
- Doors and view panels
- Risers and ceiling panels
- Heat ventilation air conditioning (HVAC) systems
- Epoxy flooring and electrification works
Post-Listing Outlook
With its substantial listing and focus on sectors requiring stringent cleanroom solutions, Fabtech Technologies is set to capitalize on its expertise and broaden its market reach. Utilizing IPO proceeds for working capital and strategic acquisitions further strengthens its growth potential.
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