The Fabtech Technologies Ltd.’s initial public offering (IPO) has garnered significant attention from investors, with the final day of subscription witnessing a 2.03 times subscription. In this article, we will delve into the key details of the IPO, including its subscription numbers, grey market premium, and listing dates.
Subscription Details
The Fabtech Technologies IPO was subscribed 2.03 times on its final day of subscription on Wednesday. The IPO had received a lukewarm response on its first day, with a subscription of 0.70 times, followed by a 1-time subscription on the second day, led by retail investors.
Category-Wise Subscription
The category-wise subscription numbers for the Fabtech Technologies IPO are as follows:
- Institutional investors: 2.02 times
- Non-Institutional investors: 1.97 times
- Retail investors: 2.08 times
- Employee Reserved: 2.01 times
IPO Details
The Fabtech Technologies IPO aims to raise Rs 230.35 crore from the primary market, with the price band set between Rs 181 and Rs 191 per share. The IPO is a book-built issue, comprising entirely of a fresh issue of 1.21 crore shares.
Investor Categories and Lot Sizes
To participate in the IPO, retail investors need to bid for a single lot size of 75 shares, requiring an investment of Rs 14,325. Small Non-Institutional Investors need to bid for 14 lots, amounting to an investment of Rs 2,00,550. Big Non-Institutional Investors can participate in the IPO by bidding for a minimum of 70 lots, leading to an investment of Rs 10,02,750.
Grey Market Premium (GMP)
The latest grey market premium of Fabtech Technologies is nil as of 10:36 p.m. according to Investorgain.com. The stock’s estimated listing price is Rs 191, implying a flat listing over the IPO price of Rs 191. However, it is essential to note that GMP does not represent official data and is based on speculation.
Allotment and Listing Dates
The subscription window for the Fabtech Technologies IPO was open from September 29 to October 1, with the allotment expected to be finalized on October 3. The company will transfer shares to the demat accounts of successful bidders on October 6, and refunds for non-allottees will be done on the same day. The shares of the company are scheduled to list on the BSE and NSE on October 7.
Company Profile
Fabtech Technologies is a biopharma engineering company, providing engineering solutions to pharmaceutical, biotech, and healthcare companies. The company will use the proceeds from the IPO to fund working capital requirements, pursue inorganic growth, and for general corporate purposes.
Conclusion
The Fabtech Technologies IPO has generated significant interest among investors, with a final day subscription of 2.03 times. With a strong company profile and a growing demand for biopharma engineering services, the IPO is expected to perform well in the long term. However, investors must conduct their own research and analysis before making any investment decisions.
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