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3h ago

Fabtech Technologies Lists Flat at Rs 191–192 on Market Debut

Early activity is constrained by T-segment rules with a 5% circuit filter capping moves for the first 10 sessions.

Fabtech Technologies shares make a muted stock market debut; stock lists on issue price
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Overview

  • Fabtech raised Rs 230.35 crore via a fully fresh issue of about 1.21 crore shares priced in the Rs 181–191 band.
  • Shares opened at Rs 192 on NSE and Rs 191 on BSE, then traded lower to about Rs 186 on BSE, implying a market value near Rs 827 crore.
  • Overall subscription stood at about 2.03 times, including 2.02x for QIBs, 1.97x for NIIs, 2.08x for retail investors and 2.01x for employees.
  • The offer included a reservation of up to 54,945 shares for employees at a Rs 9 discount to the issue price.
  • Unistone Capital was the book-running lead manager and Bigshare Services was the registrar, with proceeds slated for working capital, acquisitions and general corporate purposes.