Precision HVAC, ultra-pure water treatment and utility systems that keep the cleanroom within microscopic tolerances.
Blue StarDirect supplier · LowListed
Ion Exchange (India)Direct supplier · MediumListed
ThermaxDirect supplier · LowListed
Ion Exchange (India) (IONEXCHANG)
Ultra-pure water treatment systems for fab process use
Price
₹338.00
snapshot 30 Oct 2026
Strengths
Decades of specialised water-treatment and ultra-pure water system expertise give it a qualification edge for fab-grade UPW systems that generalist infrastructure players lack
Risks
Semiconductor ultra-pure water systems are a small, undisclosed slice of a broader water-treatment business
Smaller-cap name with a less diversified revenue base than larger industrial peers
Market cap, ratios, CAGR and revenue: company table snapshot as of 30 Oct 2026 (the same figures on every page). Price: snapshot as of 30 Oct 2026. Not investment advice.
Where it fits
Provides the precision HVAC, ultra-pure water treatment and utility systems that keep the cleanroom within the microscopic tolerances a fab requires.
Why it matters
Cleanroom and utility performance directly gates achievable yield - even small deviations in particulate count or water purity can ruin a production run.
Where the value pool sits
Equipment and systems makers earn large one-time project revenue during fab construction, plus recurring service/maintenance revenue once the facility is operating.
Key drivers
New fab and ATMP plant construction pace
Rising cleanroom-class requirements as process nodes advance
Water-stress considerations pushing ultra-pure water recycling investment
Potential bottlenecks
Long engineering and commissioning lead times tied to fab construction schedules
Specification bar well above standard commercial HVAC/water systems
Limited number of vendors qualified for semiconductor-grade cleanroom work
Investor metrics to watch
Order book tied specifically to fab/ATMP construction projects
Share of revenue from semiconductor vs. other industrial end-markets