Fabtech Technologies Cleanrooms Limited IPO

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The company specializes in the design-to-validation solutions for pre-engineered and pre-fabricated modular panels and doors, primarily for cleanroom construction. Cleanrooms are specialized spaces designed to maintain a controlled environment with low levels of contaminants, including dust, airborne microbes, and chemical vapors, ensuring compliance with stringent regulatory standards.

The cleanroom solutions offered by the company cater to diverse applications in the pharmaceutical, healthcare, and biotech sectors and include a wide range of products and services:
i. Wall panels                         ii. View panels                             iii. Doors                                 iv. Risers
v. Ceiling panels                    vi. Covings                                   vii. HVAC systems                viii. Epoxy flooring
ix. Electrification works

Comprehensive Service Model :- The company provides an end-to-end service covering:
i. Design                                        ii. Engineering                            iii. Manufacturing                   iv. Quality assurance
v. Timely delivery                        vi. Certification                          vii. Installation, commissioning, and validation

This approach ensures that cleanrooms are tailor-made to customer specifications while meeting global regulatory standards.

Key Customers :- The company serves a prestigious clientele in the pharmaceutical, healthcare, and biotech industries, including: – Unichem Laboratories Ltd, Desano Pharmaceuticals Private Limited, Apitoria Pharma Pvt Ltd (a 100% subsidiary of Aurobindo Pharma Ltd) and Hamdard Laboratories (India)

These partnerships underscore the company’s ability to meet the high standards of globally recognized corporations.

Vision

The company is committed to delivering high-quality cleanroom solutions that adhere to global standards, ensuring customer satisfaction through excellence in design, manufacturing, and service delivery. With a focus on continuous innovation and customer-centric solutions, the company aims to expand its presence in critical sectors such as pharmaceuticals, healthcare, and biotechnology.

Objects of the Fabtech Technologies Cleanrooms Limited IPO:

The Company intends to utilize the gross proceeds raised through the Issue after deducting the Issue related expenses for the following objects: i. For meeting long-term working capital requirements ii. Proposed acquisition of equity shares of Kelvin Air Conditioning and Ventilation Systems Private Limited iii. General Corporate Purposes.
DRHP of Fabtech Technologies Cleanrooms Limited IPO
RHP of Fabtech Technologies Cleanrooms Limited IPO

Fabtech Technologies Cleanrooms Limited IPO Details:

Open Date: Jan 03 2025
Close Date: Jan 07 2025
Total Shares: 32,64,000
Face Value: ₹ 10 Per Equity Share
Issue Size: 27.74 Cr.
Lot Size: 1600 Shares
Issue Price: ₹ 80 - 85 Per Equity Share
Listing At: BSE SME
Listing Date: Jan 10 2025

Promoters And Management:

Aasif Ahsan Khan, Chairman and Non-Executive Director of the Company, is also a Promoter since 2021. He pursued a diploma in Mechanical Engineering from the Board of Technical Examination, Maharashtra, and has over 30 years of experience in cleanrooms and biopharmaceutical engineering. He plays a pivotal role in strategic decision-making and fostering growth. Recognized for his contributions, he received a certificate of appreciation from the Saudi Industrial Development Fund and the Shivprabha Jeevan Gaurav Award in 2018. Ausaf Ahmed Usmani, Whole-time Director of the Company, has been associated with the organization since February 2020. He completed his SSC examination from the Maharashtra State Board in 1984 and has over a decade of experience in engineering, sales, and strategic matters. He has been instrumental in expanding and diversifying the Company’s business operations. Amjad Adam Arbani, Executive Director and CFO of the Company, has been associated since April 2021, overseeing financial operations. A Higher Secondary Certificate graduate from Bhavan's College, Mumbai (1993), he was appointed Executive Director on June 13, 2024. He manages banking relations and legal affairs for the Company.

Financials of Fabtech Technologies Cleanrooms Limited IPO:

  1. In Cr.
Particulars Sep 30, 2024 March 31, 2024 March 31, 2023 March 31, 2022
Revenue from Operations 62.22 97.99 125.10 113.94
EBITDA 7.54 9.05 13.19 6.34
EBITDA Margins 12.12% 9.24% 10.55% 5.57%
PAT 5.40 5.78 7.96 3.60
PAT Margins 8.68% 5.90% 6.37% 3.16%
D/E Ratio 0.05 0.11 0.13 0.23
ROCE 11.85% 15.83% 26.18% 13.27%
CFOA 4.11 2.76 7.98 2.72

Comparison With Peers:

As per RHP no listed peers.

Recommendation on Fabtech Technologies Cleanrooms Limited IPO:

Review and Recommendation of Fabtech Technologies Cleanrooms IPO by team IZ is 5/10.

Lead Manager of Fabtech Technologies Cleanrooms Limited IPO:

  1. Vivro Financial Services Private Limited

Registrar of Fabtech Technologies Cleanrooms Limited IPO:

  1. Maashitla Securities Pvt. Limited

Company Address:

Fabtech Technologies Cleanrooms Limited 615, Janki Center, Off. Veera Desai Road, Andheri West Mumbai, 400053 Phone: +91-22 4514 5321 Email: secretarial@fabtechnologies.com Website: https://fabtechcleanroom.com/

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