Fabtech Technologies has listed at Rs 192 on the National Stock Exchange, a premium of mere 0.05% to the issue price. It has listed flat on the BSE, at Rs 191.
Fabtech Technologies IPO raised Rs 230.35 crore by selling 1.21 crore fresh shares. The company set the issue price in a range of Rs 181 to Rs 191 per equity share. The IPO opened for subscription on September 29 and closed on October 1. The allotment was finalised on October 03. The issue included a reservation of up to 54,945 shares for employees offered at a discount of Rs 9 to the issue price.
Fabtech Technologies IPO: Lot size
A retail buyer had to bid for a minimum of 75 shares in a lot, aggregating to Rs 14,325. The lot size investment for a small NII was 14 lots of 1,050 shares, amounting to Rs 2 lakh, and for a big NII, it was 70 lots of 5,250 shares, summing to Rs 10 lakh.
Fabtech Technologies IPO: BRLM and registrar
Unistone Capital was the book-running lead manager for the IPO, and Bigshare Services was the registrar of the issue.
About Fabtech Technologies
Fabtech Technologies is a biopharma engineering company. The firm designs and delivers turnkey projects, including cleanroom facilities, modular systems, and customised engineering solutions. It provides end-to-end services such as design, engineering, manufacturing, installation, and project management. With expertise in cleanroom technology, HVAC systems, and process equipment, Fabtech serves global clients, ensuring compliance with international regulatory standards.