The Fabtech IPO marks an important entry in India’s engineering and turnkey project solutions sector. Incorporated in 2018 (as Globeroute Ventures Pvt Ltd, later renamed Fabtech Technologies Ltd), the company specializes in engineering design, heavy equipment manufacturing, fabrication, and turnkey plant solutions across industries like oil & gas, pharmaceuticals, petrochemicals, and infrastructure.
This article provides a detailed look at the Fabtech IPO details, price band, allotment, financials, industry outlook, risks, and FAQs for investors.
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Fabtech IPO – Event Schedule
| Event | Date |
|---|---|
| Anchor Investor Bidding Date | September 26, 2025 |
| IPO Open Date | September 29, 2025 |
| IPO Close Date | October 1, 2025 |
| Allotment Finalization | October 3, 2025 (Tentative) |
| Refunds / Unblocking of Funds | October 4, 2025 (Tentative) |
| Credit of Shares to Demat | October 4, 2025 (Tentative) |
| Listing Date | October 6, 2025 (Tentative) |
| UPI Mandate Cut-off | 5 PM, October 1, 2025 |
Fabtech IPO – Structure and Key Details
- Company: Fabtech Technologies Limited
- Industry: Engineering & Capital Goods
- Issue Type: 100% Book Built Issue
- Fresh Issue: ₹244.36 Crores
- Offer for Sale (OFS): Nil (no OFS component, all proceeds go to company)
- Face Value: ₹10 per share
- Book Running Lead Manager (BRLM): Unistone Capital Pvt. Ltd.
- Registrar: Bigshare Services Pvt. Ltd.
- Listing At: NSE, BSE
Company Overview
Fabtech Technologies Limited has evolved into a turnkey engineering solutions provider, offering end-to-end services from project design to commissioning.
Key Highlights
- Industries Served: Oil & gas, petrochemicals, pharmaceuticals, cleanrooms, infrastructure.
- Capabilities:
- Manufacturing pressure vessels, reactors, heat exchangers.
- EPC/turnkey solutions for plants.
- Cleanroom design and modular construction.
- Promoters: Aasif Ahsan Khan, Hemant Anavkar, Arif Ahsan Khan, Manshi Hemant Nayak.
- Subsidiaries & Associates: TSA Process Equipments, Fabtech Cleanrooms, Fabsafe Technologies, Advantek Air Systems.
- Global Reach: Subsidiaries in UAE and international project execution.
Fabtech IPO – Financial Performance
From the RHP restated consolidated financials:
| Particulars (₹ in Crores) | FY23 | FY24 | FY25 |
|---|---|---|---|
| Revenue from Operations | ₹1,937.98 Cr | ₹2,261.36 Cr | ₹3,266.69 Cr |
| Other Income | ₹61.13 Cr | ₹44.68 Cr | ₹92.73 Cr |
| Total Income | ₹1,999.01 Cr | ₹2,306.04 Cr | ₹3,359.42 Cr |
| EBITDA | ₹323.77 Cr | ₹397.51 Cr | ₹472.79 Cr |
| Net Profit (PAT) | ₹217.34 Cr | ₹272.17 Cr | ₹464.53 Cr |
| EBITDA Margin | 16.2% | 17.2% | 14.1% |
| PAT Margin | 10.9% | 11.8% | 13.8% |
| ROE | 34.3% | 36.9% | 37.0% |
| ROCE | 38.6% | 39.7% | 40.2% |
Highlights:
- Revenue grew 68% from FY23 to FY25.
- PAT doubled in two years, crossing ₹464 Cr in FY25.
- ROE and ROCE remain above 35%, showing strong returns.
Objects of the Issue
The net proceeds of the Fresh Issue of ₹244.36 Crores will be used for:
- Capital expenditure – purchase of commercial vehicles, plant & machinery.
- Working capital requirements.
- General corporate purposes.
Industry Outlook
The Indian capital goods and EPC sector is expected to grow at a CAGR of 7–10% till 2030, driven by:
- Government’s infrastructure investments.
- Rising capex in oil & gas, clean energy, and pharmaceuticals.
- Make in India and PLI schemes encouraging domestic equipment manufacturing.
- Growing export demand for Indian engineering solutions.
Fabtech, with its integrated operations and subsidiaries in cleanrooms and equipment manufacturing, is positioned to ride this industry growth.
Key Risks
- Project Revenue Dependence: Business depends on successful execution of turnkey contracts.
- Working Capital Intensive: High receivables and project delays may strain liquidity.
- Sector Cyclicality: Demand linked to industrial and infra capex cycles.
- Client Concentration: Revenue from large projects increases dependency risks.
- Competition: Intense competition from global EPC players and domestic fabricators.
Fabtech IPO Allotment and Application
- Registrar: Bigshare Services Pvt. Ltd.
- Investors can check allotment on Bigshare’s portal using PAN, DP/Client ID, or Application Number.
- Retail investors must apply via UPI/ASBA before 5 PM, October 1, 2025.
Investor Takeaways
Strengths:
- Strong financial growth with PAT doubling in 2 years.
- Integrated business model (EPC + equipment + cleanrooms).
- No OFS – all proceeds go to the company.
- Strong ROE and ROCE above 35%.
Risks:
- Project execution delays may affect revenues.
- Working capital intensive operations.
- Competition from larger EPC players.
Conclusion
The Fabtech IPO offers investors a chance to participate in India’s industrial and engineering growth story. With robust financials, diversified operations, and no OFS, the IPO strengthens Fabtech’s balance sheet for expansion.
However, investors should weigh risks related to project execution, working capital intensity, and cyclicality before applying.
For long-term investors seeking exposure to the capital goods and EPC sector, Fabtech IPO is a compelling opportunity.
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