Fabtech Technologies IPO subscribed over 94 times on Day 2 so far. Check GMP, price band and other details
Fabtech Technologies was fully subscribed on Monday, with overall subscriptions of 94.08 times by 1:02 PM on the second day of bidding. The company aims to raise Rs 28 crore through the SME IPO, with shares set to list on the BSE SME platform.
The retail portion of the issue was subscribed 158.99 times, while the non-institutional investors category was subscribed 70.93 times on the second day of bidding. Meanwhile, the allocation for qualified institutional bidders was booked 3.75 times.
Fabtech Technologies IPO’s Latest GMP
Ahead of listing, the company’s shares were trading with a GMP of Rs 80 in the unlisted market on Monday, indicating a premium of more than 94% over the upper end of the IPO price band of Rs 85.
Fabtech Technologies IPO Size
The IPO is a fresh equity sale of 32.6 lakh shares, with the company aiming to raise Rs 28 crore.
Fabtech Technologies IPO Price Band
The company is offering shares at Rs 80-85 apiece, and investors can bid for 1,600 shares in 1 lot.
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