Fabtech Technologies IPO: Fabtech Technologies Limited launched its initial public offering (IPO) for public bidding today, September 29, with the issue subscribed 70 per cent at the end of the session, as per provisional exchange data. Headquartered in Mumbai, the company aims to raise Rs 230.35 crore from the public offering.

Fabtech Technologies IPO subscription status:

Overall, investors bid for 84.20 lakh shares out of the total 1.20 crore shares on offer, with Qualified Institutional Buyers (QIBs), Non-Institutional Investors (NIIs) and Retail Individual Investors (RIIs) subscribing 0.77 times, 0.46 times and 0.70 times, respectively.

In terms of shares, QIBs bid for 46.08 lakh shares, NIIs bid for 8.26 lakh shares, and RIIs have bid for 29.55 lakh shares out of their respective

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