Fabtech Technologies IPO subscription started on Friday, January 3, 2025, and will close on January 7, 2025, as per the schedule. The price band is set at ₹80 to ₹85 per share with a face value of ₹10.
Fabtech Technologies IPO Subscription Status
Fabtech Technologies IPO Subscribed over 19.86x on its second day till 05.00 PM on 3 January, 2025.
- Fabtech Technologies IPO subscription QIB investors portion is 0x times, while NII subscribed 13.54x times and RII investors subscribed 33.88x times.
- The company has received bids for 4,31,15,200 shares against 21,71,200 shares on offer on the first day.
- Fabtech Technologies IPO Subscribed over 19.86x on day 1.
About Fabtech Technologies IPO
Fabtech Technologies Cleanrooms Limited was incorporated in 2015 and started creating pre-built modular panels and doors for constructing cleanrooms, especially for the pharmaceutical, healthcare, and biotech industries. This is one of the top firms for supplying products that could be used for cleanrooms, including panels, doors, view panels, ceiling panels, HVAC systems, and electrical work. It is customized based on plants. Their manufacturing business has spread widely such as Umbergaon, Valsad, Gujarat, covering about 70,000 sq. It is made with advanced machinery to make cleanroom partitions. Moreover, this firm has invested in Kelvin Air Conditioning and Ventilation Systems Private Limited (Kelvin) by buying their firm’s Compulsory Convertible Preference Shares, therefore it shows that they will have 33.33% ownership in Kevin, once the shares are converted. Significantly, promoters of this company played crucial roles in the firm’s growth, guidelines, and development.
Fabtech Technologies IPO Company Financial Report
The company reported revenue of ₹97.99 crores in 2024 against ₹125.10 crore in 2023. The company reported profit of ₹5.78 crores in 2024 against Profit of ₹7.96 crores in 2023.
Fabtech Technologies IPO GMP
Fabtech Technologies IPO GMP was ₹40 as of Friday, 3 January. That indicates the IPO is trading at ₹125 with ₹40 premium in the grey market against the issue price of ₹85.
