The initial public offer of Fabtech Technologies got subscribed 93% on the second day of bidding so far on September 30.

The IPO received bids for 1,12,43,025 shares against 1,20,60,000 shares on offer, as per NSE data.

The portion reserved for Qualified Institutional Buyers (QIBs) saw 94% subscription so far and non-institutional investor portion got 65% subscription. Retail Individual Investors (RIIs) quota got subscribed 104% so far.

Fabtech Technologies IPO Details

The Mumbai-based company's Rs 230-crore IPO will conclude on October 1. The price band has been set at Rs 181-191 per share for the IPO.

The company's IPO is entirely a fresh issue of up to 1.2 crore equity shares worth Rs 230 crore at the upper end of the price band.

Proceeds from the IPO will be used for funding th

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