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Fabtech Technologies IPO opens: What to know
Business
Fabtech Technologies—known for building engineering solutions for pharma, biotech, and healthcare—just opened its IPO and aims to raise ₹230 crore.
The offer is open until October 1, with shares priced at ₹181-191 each.
The buzz? Shares are already trading at a 10-18% premium in the gray market.
Minimum bid is for 75 shares
You can get in on the action with a minimum bid of 75 shares (about ₹14,325).
Fabtech plans to use the funds for working capital, possible acquisitions, and other business needs.
The company has completed 35 projects worldwide—including Saudi Arabia and the UAE—and plans to use IPO proceeds for working capital and acquisitions.
Allotment results are expected by October 3, and trading kicks off from October 7.