Fabtech Technologies Ltd. has announced public offering of 12060000 shares at a price of Rs 10.00 each for Cash at a Premium of Rs 181.00 per share. The gross proceeds of the issue are expected to be Rs 23,034.60 lakhs.
The company's initial public offer (IPO) will open on 29 September 2025 and is expected to close on 01 October 2025, subject to customary closing conditions. The price band of the issue has been fixed at Rs 181.00-191.00 per share.
The IPO includes a fresh Issue of 12060000 Equity Shares of the Company at an price of Rs 191.00 per Equity Share. The company has fixed the minimum bid lot for the issue at 75 shares with bids in multiples of 75.
Fabtech Technologies Ltd. anticipates using the proceeds of the issue for Funding working capital requirements of the Company Pursuing inorganic growth initiatives through acquisitions General Corporate Purposes.
Unistone Capital Pvt. Ltd. as lead manager & Bigshare Services Pvt. Ltd. is the registrar, to the issue.