Sat Kartar Shopping IPO fully booked on Day 1, Fabtech Technologies shares list at 90% premium; check highlights

Primary market investors awaited the share allotment status of five initial public offerings (IPOs) today, January 10. The new offers of small and medium enterprises (SMEs)—Barflex Polyfilms Ltd and Sat Kartar Shopping Ltd—were fully subscribed on the first day.

On the other hand, Fabtech Technologies made a stellar trading debut on the BSE SME platform.

Here’s a look at the major developments in the IPO market on January 10, 2025:

Barflex Polyfilms IPO Day 1

The IPO of Barflex Polyfilms Ltd opened today to a decent demand, as the public offer was fully subscribed within hours of launch.

The NSE SME issue was booked more than two times in the retail category and 68% in the Non-Institutional Investors’ (NII) segment. The Qualified Institutional Buyers did not submit any bid on the first day against 12.48 lakh shares set aside for them.

Barflex Polyfilms is a 100% book-built issue aimed at raising ₹39.42 crore. It is a combination of a fresh issue of 20.53 lakh shares and an offer-for-sale (OFS) of 45.17 lakh shares. The price band of the offer is set at ₹57 to ₹60 per share, with the minimum lot size being 2,000 units for the retail investors. The IPO subscription will close on January 15.

The stock is scheduled to be listed on the NSE Emerge platform on January 20.

Sat Kartar Shopping IPO Day 1

Sat Kartar Shopping IPO also saw strong demand on the first day of bidding on Friday. The NSE SME issue was fully subscribed within hours of launch led by the retail investors.

The issue was overall booked nearly 5 times at the end of bidding on the first day. The retail portion was booked 8.5 times, while the NIIs’ category was subscribed nearly 3 times. The QIBs only applied for 12,800 shares against their quota of 8.06 lakh shares.

The Sat Kartar Shopping IPO is a book-built issue of ₹33.80 crore. It is entirely a fresh issuance of 41.73 lakh shares. The price band is set at ₹77 to ₹81 per share, while the lot size for the retail investors per application is 1,600. Bidding will close on January 14.

The stock is scheduled to be listed on the NSE SME platform on January 17.

Fabtech Technologies IPO listing

Shares of small and medium enterprise (SME) Fabtech Technologies Cleanrooms Ltd made a spectacular trading debut on Friday, with the stock listing at a 90% premium on the BSE SME platform. The Fabtech Technologies stock opened the session at ₹161.5 apiece compared to its initial public offering (IPO) price of ₹85 per share.

The ₹27.74-crore IPO of Fabtech Technologies, which manufactures pre-engineered modular panels and doors, was open for subscription from January 3 to January 7. The issue had seen solid demand during the three-day bidding period, getting oversubscribed by more than 740 times.

Share allotment status of five IPOs

Share allotment in five IPOs is expected to be finalised today. These include the ₹260-crore Quadrant Future Tek IPO, the ₹85.21-crore BR Goyal Infrastructure IPO, the ₹54.60-crore Delta Autocorp IPO, the ₹1.92-crore Avax Apparels and Ornaments IPO and ₹1,578-crore Capital Infra Trust InvIT IPO.

Successful bidders who are allotted shares in these issues can expect them to be credited to their demat accounts by January 13. The stocks will list on exchanges on January 14.