Fabtech Technologies IPO allotment: Here’s how to check status online on BSE, Maashitla Securities

Fabtech Technologies Cleanrooms Limited IPO share allotment status is likely to be finalised on Wednesday, January 8.

The ₹27.74-crore initial public offering of the pre-engineered modular panels and doors manufacturer received a robust response from investors during the three-day bidding period. The BSE SME IPO was open for subscription from January 3 to January 7.

The Non-Institutional Investors (NIIs) and retail investors led the bidding, taking total subscription to more than 740 times on the last day of bidding.

The IPO generated demand for 160.76 crore equity shares worth over ₹13,665 crore against the net issue size of 21.71 lakh shares.

Among investor categories, the retail portion was subscribed 715 times. Applications for over 77.68 crore equity shares were received against 10.86 lakh shares reserved for the segment.

The Non-Institutional Investors (NIIs) booked their category 1,486 times with applications for over 69.18 crore shares against 6.3 lakh shares on offer.

The Qualified Institutional Buyers (QIBs) quota was subscribed 224 times with bids for more than 13.9 crore shares pouring in against 6.19 lakh shares set aside for them.

In the pre-bid round, Fabtech Technologies raised ₹7.89 crore from the anchor investors. The company allotted 9.28 lakh shares to seven fund schemes at a price of ₹85 per share – the upper end of the price band.

How to check Fab Technologies IPO share allotment status

Follow these steps to check the allotment status on the website of IPO registrar Maashitla Securities Private Limited.

• Open the website of Maashitla Securities Private Limited (https://maashitla.com/ )
• Click on ‘Allotment Status’ on the main menu
• Select Fab Technologies Cleanrooms from dropdown list for company names
• Enter any of these— PAN, Application Number or Demat Account Number
• Submit to check status

How to check Fab Technologies Cleanrooms share allotment status on BSE

• Open the IPO allotment status page on the BSE website: https://www.bseindia.com/investors/appli_check.aspx
• Choose ‘equity’ as issue type
• Select Fab Technologies Cleanrooms Limited from the list for issue names
• Enter PAN or application number
• Clear Captcha verification
• Click on the ‘Submit’ button to check details

The IPO allotment status will be available after the finalisation of share allocation by the company.

Fabtech Technologies Cleanrooms IPO details

Fabtech Technologies Cleanrooms offers end-to-end solutions for pre-engineered and pre-fabricated modular panels and doors used to build cleanrooms. Such modular panels are used for cleanrooms in pharmaceutical, healthcare and biotech companies. These rooms maintain a controlled environment with minimal pollutants, dust, airborne microbes and chemical vapours. Unichem Laboratories Ltd, Apitoria Pharma Pvt Ltd, Hamdard Laboratories (India) and Desano Pharmaceuticals Pvt Ltd are among its clients.

The company has a manufacturing facility in Umbergaon, Valsad, Gujarat.

Here are the key details about the BSE SME issue

• The IPO was a fresh issue of 32.64 lakh shares.
• The IPO price band was fixed at ₹80 to ₹85 per share.
• For the retail investors, the minimum lot size for a single application was 1,600 shares, aggregating to an investment of at least ₹1,36,000 for a single lot.
• The company is expected process refunds and transfer shares to the Demat accounts on Thursday, January 9.
• Shares of Fabtech Technologies Cleanrooms Limited are scheduled to be listed on the BSE SME platform on Friday, January 10.

Fabtech Technologies Cleanrooms IPO objects

The company plans to use the IPO proceeds for meeting long-term working capital needs. A portion of the IPO funds will also be used for the acquisition of shares in Kelvin Air Conditioning and Ventilation Systems Pvt. Ltd and for general corporate purposes.

Fabtech Technologies Cleanrooms financials

The company reported a revenue of ₹62.22 crore for the April-September period of FY 2024-25. Its profit after tax (PAT) stood at ₹5.4 crore.

For the year ended on March 31, 2024, the company posted revenue of ₹97.99 crore against ₹125.1 crore in the previous financial year. The company’s profit after tax stood at ₹5.78 crore in FY24 against ₹7.96 crore in the year-ago period.

Shareholding