Monitoring Agency report for the Quarter ended March 31, 2026
FABTECH · price
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Fabtech Technologies filed its Q4 FY2026 monitoring agency report for the Rs 23,029.65 lakh IPO conducted in September-October 2025. CRISIL Ratings Limited, the monitoring agency, confirmed that IPO proceeds are being utilized broadly in line with the offer document, though there is a delay in working capital utilization. Against the prospectus estimate of Rs 6,600 lakh for working capital by FY2026, only Rs 2,747.24 lakh was deployed, as internal accruals temporarily met working capital needs. No utilization has occurred for the Rs 3,000 lakh inorganic growth/acquisitions object. The company holds Rs 17.92 crore of unutilized proceeds in fixed deposits with banks. Related party transactions totaling Rs 724.51 lakh for raw material purchases were conducted with subsidiaries including Fabtech Technologies Cleanrooms Limited and FABL International Technologies LLP, as per board approvals.
The filing shows no material deviation or misuse of IPO funds, but the slower-than-expected working capital deployment may marginally delay growth impact from IPO proceeds. The company maintains adequate unutilized funds in liquid instruments.