Overview

• Fabtech’s three-day book-build opened September 29 to raise about Rs 230–230.35 crore through an all-fresh issue of roughly 1.20–1.21 crore shares in the Rs 181–191 price band.
• The offer drew 70% overall bids on Day 1, including 77% in the QIB tranche, 70% in retail and 46% from non-institutional investors, according to NSE data reported late Monday.
• Applications close October 1, with allotment slated for October 3, demat credits and refunds on October 6, and a proposed BSE and NSE listing on October 7.
• Retail investors must apply for a minimum lot of 75 shares, implying Rs 14,325 at the top end of the price band.
• Grey-market indications vary widely, with reports citing premiums of roughly Rs 12–35 per share, which are informal and volatile ahead of allotment.