1 week Ago
The SME IPO of Fabtech Technologies will open for subscription today and will close on January 7. The company aims to raise Rs 28 crore through the SME IPO and list the shares on BSE SME platform. Here are 10 key things investors need to know about the public offer before subscribing to the issue.
1) Fabtech Technologies IPO size The IPO is completely a fresh equity sale of 32.6 lakh shares and through the issue, the company plans to raise Rs 28 crore. 2) Fabtech Technologies IPO price band The company is offering its shares at Rs 80-85 apiece, and investors can bid for 1600 shares in 1 lot.
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com View Program Stock Trading ROC Made Easy: Master Course for ROC Stock Indicator By - Souradeep Dey, Equity and Commodity Trader, Trainer View Program Stock Trading Heikin Ashi Trading Tactics: Master the Art of Trading By - Dinesh Nagpal, Full Time Trader, Ichimoku & Trading Psychology Expert View Program Stock Trading RSI Made Easy: RSI Trading Course By - Souradeep Dey, Equity and Commodity Trader, Trainer View Program Stock Trading Introduction to Technical Analysis & Candlestick Theory By - Dinesh Nagpal, Full Time Trader, Ichimoku & Trading Psychology Expert View Program In the unlisted market, the company's shares were trading with a GMP of Rs 50, indicating a premium of 59% over the issue price. 4) About Fabtech Technologies The company is engaged in the business of manufacturing and providing design-to-validation solutions of pre-engineered and pre-fabricated modular panels and doors for building cleanrooms for pharmaceutical, healthcare & biotech sectors. 5) Industry Overview The Indian cleanroom technologies market is witnessing robust growth, valued at $277.
4 million in 2023 and projected to reach $484.2 million by 2030, with a CAGR of 8.3% from 2023 to 2030.
6) Fabtech Technologies financial performance For the period ended September 2024, the company clocked total revenues of Rs 62.2 crore and net profit of Rs 5.4 crore.
7) Objects of the offer The net proceeds from the public offer will be used for long term working capital requirements, acquisition of equity shares of Kelvin Air Conditioning and Ventilation Systems. The remaining funds will be used for general corporate purposes. 8) Lead managers and Registrar Vivro Financial Services is acting as the lead manager to the issue and Maashitla Securities is the registrar.
9) Issue structure About 50% of the offer is reserved for QIB investors, 35% for retail investors and the other 15% for non-institutional investors. 10) Important dates The IPO will open on January 3 and will close on January 7. The final allotment will likely be made on January 8.
The company's shares will likely get listed on January 10. ( Disclaimer : Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of Economic Times) (You can now subscribe to our ETMarkets WhatsApp channel ).
