Fabtech Technologies IPO booked 54% so far on day 1; check price band, lot size, key dates and more

Fabtech Technologies IPO: The initial public offering of Fabtech Technologies Ltd, a turnkey engineering solutions provider for the pharmaceuticals, healthcare and biotech industries, has been subscribed 54% so far on the first day of bidding on Monday, September 29.

The issue has secured bids for 65,08,725 shares as against 1,20,60,000 shares on offer, according to the consolidated data on the NSE website until 2:09 pm.

The ₹230.35 crore IPO is a completely fresh issuance of 1.21 crore shares without an offer for sale (OFS) component.

The money generated will be utilised for pursuing inorganic growth initiatives through acquisitions, funding working capital needs, and corporate general purposes.

Fabtech Technologies IPO price band and lot size

The price band has been set at ₹181 to ₹191 per share, and a lot consists of 75 shares.

Fabtech Technologies IPO allotment and listing dates

Fabtech Technologies provides comprehensive start-to-finish solutions from designing and engineering to installation and testing of select pharmaceutical equipment for an array of customers.

Apart from domestic operations, it has a footprint in more than 62 countries, including the Middle East, Asia, Africa, Europe, North America and Latin America.

It provides extensive technical expertise and infrastructure to offer comprehensive solutions for establishing aseptic manufacturing plants, encompassing everything from design to certification.

Unistone Capital is the sole book-running lead manager, while Bigshare Services Pvt Ltd is the registrar.

Fabtech Technologies IPO GMP

According to investorgain.com and media reports, Fabtech Technologies' unlisted shares are trading at ₹201 per share, reflecting a grey market premium of 5.24% over the upper price band of ₹191.