Fabtech Technologies Cleanrooms, a specialist in cleanroom solutions for the pharma, healthcare and biotech sectors, plans to raise ₹28 crore through an initial public offering and will be listed on the BSE SME platform.

The issue, priced at ₹80-85 a share, will open for subscription on Friday and close on January 7.

The company will offer 32.64 lakh equity shares with a face value of ₹10 each.

The net proceeds from the IPO will be used to address long-term working capital requirements, the proposed acquisition of equity shares of Kelvin Air Conditioning and Ventilation Systems and for general corporate purposes.

Vivro Financial Services will be the Book Running Lead Manager and Maashitla Securities will act as the Registrar to the issue.

Aasif Ahsan Khan, Chairman and Non-Executive Director, Fabtech Technologies Cleanrooms said the funds raised through the IPO will fuel the expansion of the product portfolio, including modular panels, doors and advanced HVAC systems.

With facilities in Umbergaon and Murbad and 28 years of experience, the IPO will help to seize emerging market opportunities and enhance operational efficiency, he said.

Tushar Ashar, Vice President, Vivro Financial Services said the cleanroom industry is witnessing significant expansion, driven by increasing demand for stringent quality standards and contamination control, particularly as global industries focus on health and safety protocols.