Fabtech Technologies Cleanrooms IPO

About Fabtech Technologies Cleanrooms IPO

Incorporated in 2015, Fabtech Technologies Cleanrooms Limited 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. Cleanrooms are specially designed or constructed with a controlled environment to ensure low levels of pollutants, dust, airborne microbes, aerosol, and chemical vapour. Their cleanroom solutions, which are tailor made as per their customers’ designs and global regulatory standards, comprise wall panels, view panels, doors, risers, ceiling panels, covings, heat ventilation air conditioning (“HVAC”) systems, epoxy flooring and electrification works. They provide a comprehensive service that includes initial design to validation, encompassing engineering, manufacturing, quality assurance, timely delivery, installation, commissioning, and validation and certification. 

Their cleanroom products are certified by FM Global to ensure compliance with fire safety measures. They cater to customers mainly operating in the pharmaceuticals, healthcare and biotech sectors. Their customers include large pharmaceutical and healthcare companies such as Unichem Laboratories Ltd, Desano Pharmaceuticals Private Limited Apitoria Pharma Pvt Ltd , Hamdard Laboratories (India), amongst others. Their manufacturing facility is located at Umbergaon, Valsad, Gujarat with a total area of about 70,000 sq. ft. Their plant is well equipped with a complete range of high performing machinery to manufacture cleanroom partitions. Through one of their subsidiaries, Altair Partition Systems LLP (“Altair”), are engaged in the business of manufacturing modular panels of economical grade. The manufacturing facility of Altair is located at Murbad, Thane with a total area of about 25,000 sq. ft. which is taken on lease. 

They have acquired, in aggregate 26% equity share capital of Advantek Air Systems Private Limited (“Advantek”), which is engaged in the business of manufacturing of Air Handling Units, a critical component essential for the optimal operation of cleanrooms.  This strategic move aligns with their commitment to bolstering their capabilities and enhancing their customer base in key sectors such as semiconductors, automobiles, renewable energy, data centers, etc. 

Fabtech Technologies Cleanrooms is preparing for its Initial Public Offering (IPO), the proceeds from the Fresh Issue will be allocated toward critical objectives

1. For meeting long-term working capital requirements.
2. Proposed acquisition of equity shares of Kelvin Air Conditioning and Ventilation Systems Private Limited.
3. General Corporate Purposes.