IPO Price Range: ₹80 - 85
Min Investment
₹1,36,000
IPO Size
₹27 Cr
IPO Status
Live
Quantity in 1 Lot
1600
Max Bid allowed
1
Listing Exchange
BSE
IPO subscribed over
🚀 18.46x
This IPO has been subscribed by 33.9347x in retail and 0x in QIB.
Total Subscription | 18.46x |
Retail Individual Investors | 33.9347x |
Qualified Institutional Buyers | 0x |
Non Institutional Investors | 13.5639x |
Bid Opening Date | 3 Jan 2025 |
Bid Closing Date | 7 Jan 2025 |
Allotment Date | 8 Jan 2025 |
Issue Size | ₹27.74Cr |
Quantity in 1 lot | 1600 |
Advanced manufacturing infrastructure and deep industry knowledge in cleanroom panels and HVAC systems.
Long term relationship with customers.
Support from larger group company.
Professional and experienced management team.
Diverse domain expertise with effective project integration capabilities.
Growing market opportunities and penetration in new industry segments.
The company has experienced negative cash flows in the prior periods.
The company has certain contingent liabilities which may adversely affect its financial condition.
Majority of its customers operate in the pharmaceuticals, healthcare and biotech sectors. Factors that adversely affect these sectors or capital expenditure by companies within these sectors may adversely affect its business, results of operations and financial condition.
The company requires certain approvals and licenses in the ordinary course of business. Any failures to successfully obtain/renew/update such registrations may adversely affect its operations, results of operations and financial condition.
The company propose to utilize a part of the Net Proceeds to undertake proposed acquisition of the equity shares of Kelvin Air Conditioning and Ventilation Systems Private Limited.
Its may in the future continue to make strategic acquisitions to grow the company business and further diversify product and service offerings. Its acquisitions are subject to various risks, including risks relating to the integration of these acquired businesses with its existing operations. An inability to identify, complete and successfully integrate such acquisitions could adversely affect its business prospects, results of operations and financial condition.
The company is dependent on limited number of suppliers for supply of key raw materials and the company has not made any long term supply arrangement with its suppliers. In an eventuality where its suppliers are unable to deliver it the required materials in a time-bound manner it may have a material adverse effect on the companys buusiness operations and profitability.
The Companys logo is not registered as on date of Red Herring Prospectus. Its may be unable toadequately protect the company intellectual property. Furthermore, its may be subject to claims alleging breach of third-party intellectual property rights.
The Net Proceeds from the Issue are proposed to be deployed by the Company to fund the consideration for the proposed acquisition. If the proposed acquisition is not completed, the proceeds of the Issue will be retained by the Company and used for other objects.
Its funding requirements and the proposed deployment of Net Proceeds are not appraised by any independent agency and deployment of funds raised through this Issue shall not be subject tomonitoring by any monitoring agency.
Investors | Holdings % |
Aasif Ahsan Khan | 55.59% |
Aarif Ashan Khan | 13.77% |
Hemant Mohan Anavkar | 11.47% |
Manisha Hemant Anavkar | 11.47% |
Naseem Ahsam Khan | 0.54% |
Organisation | Fabtech Technologies Cleanrooms Ltd |
Headquarters | Mumbai |
Industry | Miscellaneous |