Fabtech Technologies share price: Stock lists at 0.5% premium on NSE; here's how much investors made per lot

On the BSE, the stock debuted at ₹191, which is at par with the issue price.

Fabtech Technologies share price: Here's how much investors gained per lot

The initial public offering had attracted a 2.03 times subscription during the three-day bidding window. It got bids for 2,45,22,750 equity shares as against 1,20,60,000 shares on offer, according to the data available on the NSE.

The retail individual investors, or RIIs, subscribed to the part reserved for them 2.08 times, while the qualified institutional buyers' (QIBs) category got 2.02 times subscription. The non-institutional investors' (NIIs) portion secured a 1.97 times subscription.

The company's initial share sale, with a price range of ₹181 to ₹191 per share, was solely a fresh issuance of shares valued at ₹230.35 crore.

The funds generated will be allocated for funding the working capital requirements, pursuing inorganic growth initiatives via acquisitions, and corporate general purposes.

"In addition, our company expects to receive the benefits of listing of the equity shares on the stock exchanges and enhancement of our company’s brand name amongst our existing and potential customers and creation of a public market for our equity shares in India," it said in its red herring prospectus.

Fabtech Technologies, a biopharma company, offers comprehensive start-to-finish solutions encompassing designing, engineering, installation and testing of select pharmaceutical equipment for an array of customers.

With expertise in cleanroom technology, HVAC (heating, ventilation, and air conditioning) systems, and process equipment, it serves global clients. Its footprint spans over 62 countries in the Middle East, Asia, Africa, Europe, North America and Latin America.

Unistone Capital was the sole bookrunning lead manager to the issue.