Overview

• Shares opened at Rs 191 on the BSE and Rs 192 on the NSE before ending at Rs 182.30 and Rs 182.40, respectively, after touching an intraday low of Rs 181.45.
• Trading is placed in the exchanges' T segment with a 5% circuit filter for the first 10 sessions, which bars intraday squared-off trades.
• The IPO raised about Rs 230.35 crore via an all-fresh issue of roughly 1.21 crore shares priced in the Rs 181–191 band.
• The offer drew overall subscription of 2.03 times, including 2.02x from QIBs, 1.97x from NIIs, 2.08x from retail and 2.01x in the employee tranche.
• Fabtech, a Mumbai-based biopharma engineering turnkey provider, plans to use proceeds for working capital, selective acquisitions and general corporate purposes, and offered employees a Rs 9 discount on reserved shares.