Fabtech Technologies Ltd IPO

About Fabtech Technologies Ltd

Fabtech Technologies Limited (the Issuer or the Company) was incorporated under the Companies Act, 2013 as a private limited company under the name and style of `Globeroute Ventures Private Limited' pursuant a certificate of incorporation dated October 26, 2018 issued by the Registrar of Companies, Central Registration Centre. Subsequently, pursuant to resolutions passed by our Board of Directors in their meeting held on December 12, 2020 and by our Shareholders in the Extra-Ordinary General meeting held on December 30, 2020, the name of our Company was changed to `Fabtech Technologies Private Limited' and a fresh certificate of incorporation dated January 21, 2021 was issued by the Registrar of Companies, Maharashtra at Mumbai. The name of our Company was changed to expand the scope of services provided by our Company and for securing better overseas prospects, and to give effect to the order dated November 19, 2020 passed by the National Company Law Tribunal having its bench at Mumbai approving inter alia, demerger of the export division of Fabtech Technologies International Private Limited (formerly known as Fabtech Technologies International Limited) into our Company. Further, pursuant to resolutions passed by our Board of Directors in their meeting held on March 27, 2024 and by our Shareholders in the Extra-Ordinary General meeting held on April 3, 2024, our Company was converted into a public limited company, consequent to which its name was changed to `Fabtech Technologies Limited', and a fresh certificate of incorporation dated July 24, 2024, consequent to such conversion was issued by the Registrar of Companies, Central Processing Centre.

Cumulative capex in global pharmaceuticals industry was ~$ 370-420 billion over 2020 to 2024. During this period, capex of pharmaceuticals companies as a percentage of their revenue remained between 5.0-6.0%. However, analysis of regional capex trends reveals that the capex activities are dependent on industry dynamics as well as policy frameworks across different regions. Capex activities are also dependent on the maturity of market in terms of penetration of different medicines. In the growth stage some of the emerging markets like Latin- America and Caribbean and Asia- Pacific have seen higher capex spends compared to matured markets like the US, Europe and Canada. Global pharmaceutical capex is estimated to increase 1.3x and witness cumulative capex investments of $500-550 billion between 2025-2029 owing to sustained capex investments due to expiration of patents, increasing generic medicines usage and pricing pressures. Governments of the UAE and the KSA are increasingly focusing on local manufacturing of pharmaceuticals, which is expected to, consequently, increase capex in the space. In 2017, Pfizer Global Supply completed the construction of a new manufacturing facility in King Abdullah Economic City. The site - the first for Pfizer in the KSA will allow patients in the country to access Pfizer medicines such as Lipitor (atorvastatin calcium), Lyrica (pregabalin) and Zithromax (azithromycin). In 2017, the KSA and Japan also set up a joint group for Saudi-Japan Vision 2030. As part of this, the KSA and Japan will collaborate on areas of medical training and research, etc.

We are a key turnkey engineering solution provider in pharmaceuticals capex space, offering comprehensive start to finish solutions encompassing designing, engineering, procurement, installation and testing of pharmaceutical equipment for a wide range of customers. (Source: CRISIL Report). We offer services in greenfield projects for a wide range of customers primarily in the pharmaceutical, healthcare and biotech sector across various geographies, particularly key emerging economies. In such projects we offer end to end turnkey engineering services which range from disease identification until installation and commissioning of equipment. Additionally, we also offer some of our engineering solutions, which majorly include, equipment procurement and supply and logistics management, on a standalone basis, either as part of greenfield or brownfield projects. Our Company has adopted an asset light approach wherein we procure key equipment and materials for our projects from Related Entities to ensure that our projects are executed efficiently, to integrate our project execution operations and to reduce our dependence on third party suppliers. Our comprehensive solutions encompasses the entire project lifecycle of our customers and address the three key elements in pharmaceuticals, biotech and healthcare facilities, namely, bio clean air, clean water, and process. In addition to offering targeted solutions across the value chain, we also have an established track record in executing pharmaceutical projects across a diverse range of dosage forms, encompassing, liquids, solids, and semisolids. Our footprint spans more than 62 countries globally and across regions including but not limited to, Middle East, Africa, Asia, Europe, Latin America, North America, etc. (Source: CRISIL Report). Since incorporation and till July 31, 2025, our Company has completed fifty one (51) projects across countries, namely Saudi Arabia, Egypt, Algeria, Bangladesh, Ethiopia, Sri Lanka, United Arab Emirates.

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