B.A.G.Convergence IPO

Incorporated in 2018, Fabtech Technologies Limited is a biopharma engineering solutions provider. The company specialises in delivering turnkey projects such as cleanroom facilities, modular systems, and customised engineering solutions. It also provides end-to-end services, including design, engineering, manufacturing, installation, and project management. Fabtech has expertise in cleanroom technology, HVAC systems, process equipment, clean air solutions, and purified water generation systems. It caters to diverse industries including life sciences, food and beverages, IT, semiconductors, and aeronautics.

Fabtech Technologies Limited IPO Overview

The Fabtech Technologies IPO is a book-built issue worth ₹230.35 crores, consisting entirely of a fresh issue of 1.21 crore shares. The subscription period will open on September 29, 2025, and close on October 1, 2025, with allotment expected to be finalised on October 3, 2025. The shares are proposed to list on both BSE and NSE, with the tentative listing date set for October 7, 2025. The price band for the IPO is fixed at ₹181 to ₹191 per share, while the lot size is 75 shares. For retail investors, the minimum investment is ₹14,325, based on the upper price band. In comparison, the lot size investment for sNII is 14 lots, equal to 1,050 shares and ₹2,00,550, while for bNII it is 70 lots, equating to 5,250 shares and ₹10,02,750. The book running lead manager for the issue is Unistone Capital Pvt. Ltd., and Bigshare Services Pvt. Ltd. will act as the registrar.

Fabtech Technologies Limited IPO Details

Particulars	Details
IPO Date	September 29, 2025 to October 1, 2025
Listing Date	October 7, 2025
Face Value	₹10 per share
Issue Price Band	₹181 to ₹191 per share
Lot Size	75 Shares
Total Issue Size	1,20,60,000 shares (aggregating up to ₹230.35 Cr)
Fresh Issue	1,20,60,000 shares (aggregating up to ₹230.35 Cr)
Offer for Sale	NA
Issue Type	Bookbuilding IPO
Listing At	BSE, NSE
Share Holding Pre Issue	3,23,92,239 shares
Share Holding Post Issue	4,44,52,239 shares
Employee Discount	₹9.00 per share

Fabtech Technologies Limited IPO Reservation

Investor Category	Shares Offered
QIB	Not more than 50% of the Net Issue
Retail	Not less than 35% of the Net Issue
NII (HNI)	Not less than 15% of the Net Issue

Fabtech Technologies Limited IPO Lot Size

Application	Lots	Shares	Amount
Retail (Min)	1	75	₹14,325
Retail (Max)	13	975	₹1,86,225
S-HNI (Min)	14	1,050	₹2,00,550
S-HNI (Max)	69	5,175	₹9,88,425
B-HNI (Min)	70	5,250	₹10,02,750

Fabtech Technologies Limited IPO Promoter Holding

Shareholding Status	Percentage
Pre-Issue	94.61%
Post-Issue	[To be updated based on equity dilution]

Fabtech Technologies Limited IPO Valuation Overview

KPI	Value
EPS (Pre IPO)	₹14.34
EPS (Post IPO)	₹10.45
P/E Ratio (Pre IPO)	13.32x
P/E Ratio (Post IPO)	18.28x
ROE	30.46%
ROCE	24.46%
RoNW	26.83%
PAT Margin	13.83%
EBITDA Margin	14.07%
Debt to Equity Ratio	0.32
Price to Book Value	3.57

Objectives of the Proceeds

• Funding working capital requirements of the company – ₹1,270 Cr

• Pursuing inorganic growth initiatives through acquisitions – ₹300 Cr

• General corporate purposes

Key Financials (in ₹ Crore)

Particulars	31 Mar 2025	31 Mar 2024	31 Mar 2023
Assets	426.56	269.24	213.86
Revenue	335.94	230.39	199.91
Profit After Tax	46.45	27.22	21.73
Reserves & Surplus	140.72	128.94	86.18
Total Borrowings	54.62	9.88	34.29