New Delhi, 10 January (H.S.): Fabtech Technologies Cleanrooms Limited, a company that manufactures pre-engineered and pre-fabricated modular panels for the biotech sector, made a tremendous entry in the stock market on Friday through listing.

Despite the negative sentiments of the domestic stock market, the shares of this company doubled the money of its IPO investors on the first day itself.

The company's shares were issued at a price of Rs 85 under the IPO. Today, the company's shares were listed on the BSE's SME platform at Rs 161.50 with a maximum permissible premium of 90 percent for the SME segment. Due to buying support immediately after listing, the company's shares jumped to the upper circuit level of Rs 169.57 in a short time. In this way, the company's IPO investors have made a profit of 99.49 percent on the first day itself. Fabtech Technologies Cleanrooms Limited's Rs 27.74 crore IPO was open for subscription between January 3 and 7. This IPO received a tremendous response from the investors, due to which it was subscribed 740.37 times overall. In this, the reserve portion for qualified institutional buyers (QIB) got 224.50 times subscription. Similarly, the reserve portion for non-institutional investors (NII) was subscribed 1,485.52 times. Apart from this, the reserve portion for retail investors was subscribed 715.05 times. Through this IPO, 32.64 lakh new shares with a face value of Rs 10 have been issued. The company will use the money raised through this IPO to meet working capital requirements, purchase a private limited company and for general corporate purposes.

If we look at the financial position of Fabtech Technologies Cleanrooms Limited, the company had a net profit of Rs 3.60 crore in 2021-22. In the next year 2022-23, the net profit of the company increased to Rs 7.96 crore. However, in 2023-24, the company's earnings declined, due to which its net profit came down to Rs 5.78 crore. In the first half of the current financial year i.e. between April to September 2024, the company has so far made a net profit of Rs 5.40 crore. During this period, the company has also got a revenue of Rs 62.23 crore.

Hindusthan Samachar / Jun Sarkar