Fabtech Technologies has launched its initial public offering (IPO) today, that is Monday, September 29. The biopharma engineering company is selling its shares in the range of Rs 181-191 apiece. Investors can apply for a minimum of 75 equity shares and its multiples thereafter. Bidding for the issue shall conclude on Wednesday, October 01. Advertisement

The IPO of Fabtech Technologies is looking to raise a total of Rs 230.35 crore via IPO, which is entirely a fresh share sale of 1,20,60,00 equity shares. The net proceeds from the issue shall be utilized towards funding working capital needs; pursuing inorganic growth initiatives through acquisitions; and general corporate purposes .

Brokerage firms are mostly positive on the issue and suggest subscribing to it for a long-term citing it

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