The manufacturer of pre-engineered and pre-fabricated modular panels and doors, Fabtech Technologies Cleanrooms, received a resounding response to its IPO, particularly from retail and non-institutional investors, as evidenced by the 19.86 times subscription rate on January 3, the first day of bidding.
According to NSE data, there was a 19.86 -fold overall subscription as investors from all categories applied for more than4.31 crore shares out of the 21.71.lakh shares that were available.
Subscription across all categories
Qualified Institutional Buyers (QIBs) bid on no shares, of the 6.19 lakh shares that were set aside for them. 2.04 subscriptions were made to the issue within the category.
There were 33.88 times bookings for the mainboard issue in the retail category. Over 3.68 crore shares were bid on by the retail investors, compared to the 10.86 lakh shares reserved for them.
Demand was second highest in the Non-Institutional Investors (NIIs) category, with 13.54 times as many subscriptions. Whereas the NIIs applied for 63.05 crore shares, over 4.65 lakh shares were set aside for them.
IPO size and structure
The Fabtech Technologies IPO is a Rs 27.74 crore book-built offering. 32.64 lakh shares are being offered in a completely new issue.
An IPO offering of 32,64,000 shares is made by Fabtech Technologies. 9,28,000 totalling to 28.43 per cent to Anchor investors, 10,86,400 shares amounting to 33.28 per cent to RII, 4,65,600 shares summing up about 14.26 per cent to NII, and 6,19,200 shares totalling about 18.97 per cent to QIBs.
Price band minimum bid
The price range for Fabtech Technologies’ IPO is Rs 80 to Rs 85 per share.
An application must have a minimum lot size of 1600 shares. Retail investors must invest a minimum of Rs 1,36,000 in order to qualify. HNI requires a minimum lot size investment of two lots comprising of 3,200 shares, amounting to a Rs 2,72,000 in total.
Subscription and listing timeline
The subscription period for Fabtech Technologies’ initial public offering (IPO) began on January 3, 2025, and it will end on January 7, 2025. On Wednesday, January 8, 2025, the allocation for the Fabtech Technologies initial public offering is anticipated to be finalised.
The tentative listing date for Fabtech Technologies’ initial public offering (IPO) is set for Friday, January 10, 2025, on the BSE SME.
Registrar and book running lead manager
The Fabtech Technologies IPO’s book running lead manager is Vivro Financial Services Private Limited, and the issue’s registrar is Maashitla Securities Private Limited.Rikhav Securities Limited is the market maker for the Fabtech Technologies initial public offering.
