Fabtech Technologies Cleanrooms IPO opens on Friday. Check price band, GMP, other details
IPO) of Fabtech Technologies Cleanrooms will open for subscription on Friday, January 3. The company aims to raise Rs 27.74 crores through the issue and its stock will get listed on the BSE SME platform.
About Fabtech Technologies Cleanrooms IPO
Fabtech Technologies will issue 32.64 lakh equity shares. While the face value of an equity share is Rs 10, the company has put the price band at Rs 80-85 per share.
Under the issue, a quota of 15,47,200 equity shares has been allocated for Qualified Institutional Buyer (QIBs) while for Non-Institutional Investors (NIIs), 4,65,600 equity shares have been allocated. Retail Individual Investors quota stands at 10,86,400 equity shares. As for the Market Maker segment, the company has set aside up to 1,64,800 equity shares
What is Fabtech Technologies Cleanrooms GMP?
Shares of Fabtech Technologies were not commanding any premium (GMP) in the grey market.
Proceeds from Fabtech Technologies IPO
The net proceeds from the IPO will be utilised to meet long-term working capital requirements, proposed acquisition of equity shares of Kelvin Air Conditioning & Ventilation Systems Private Limited and general corporate purposes.
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