Upcoming IPO, Dec. 28 -- Fabtech Technologies Cleanrooms Limited has obtained in-principle approval from the Bombay Stock Exchange (BSE) for its Draft Red Herring Prospectus, marking a key step toward raising capital through a proposed Small and Medium Enterprises (SME) Initial Public Offering (IPO).

The upcoming IPO aims to generate funds for multiple strategic objectives, including supporting the company's long-term working capital requirements, acquiring equity shares in Kelvin Air Conditioning and Ventilation Systems Private Limited, and addressing general corporate needs. As part of the IPO, Fabtech plans to issue up to 32,64,000 fresh equity shares, each with a face value of Rs.10.

Fabtech Technologies Cleanrooms Limited specializ...