Fabtech Technologies Share Price Surge 99.49% on Listing Day

Fabtech Technologies IPO opened for subscription on January 3, 2025 and ended on January 7, 2025.

It was a book-built issue of ₹27.74 crore. The issue was a fresh issue of 32.64 lakh shares. The Fabtech Technologies IPO price band was set at ₹80 to ₹85 per share.

On Day 3 of subscription, January 7, 2025, as of 6:19 PM, Fabtech Technologies IPO was subscribed 740.37 times. QIBs subscribed 224.5x, NIIs subscribed 1,485.52x, and retail investors subscribed 715.05x.

The share allotment was finalised on Wednesday, January 8, 2025, and the shares were listed on the BSE SME platform on January 10, 2025.

Fabtech Technologies Share Price

On the listing day, on the BSE, Fabtech Technologies share price opened at ₹161.50, up from its issue price of ₹85.00. At 10:31 AM, the share price was trading at ₹169.57, up by 5.00% from its opening price of ₹161.50 and 99.49% up from its issue price of ₹85.00. As of the same time, the stock touched its day’s high at ₹169.57. The company’s market cap was ₹208.90 crore.

About Fabtech Technologies Cleanrooms Limited

Fabtech Technologies Cleanrooms is engaged in the manufacturing and delivery of design-to-validation solutions, the company specialises in pre-engineered and prefabricated modular panels and doors for constructing cleanrooms. These cleanrooms cater to the pharmaceutical, healthcare, and biotech sectors and are meticulously designed to maintain a controlled environment, ensuring minimal levels of pollutants, dust, airborne microbes, aerosols, and chemical vapours.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.

Investments in the securities market are subject to market risks, read all the related documents carefully before investing.