New Delhi, Oct 1 (PTI) The initial share sale of Fabtech Technologies Ltd, a turnkey engineering solutions provider for the pharmaceuticals, biotech and healthcare industry, received 2.03 times subscription on the last day of bidding on Wednesday.

The Rs 230-crore initial public offer (IPO) received bids for 2,45,22,750 shares against 1,20,60,000 shares on offer, as per data available with the NSE.

Retail Individual Investors (RIIs) portion got subscribed 2.08 times, while Qualified Institutional Buyers’ (QIBs) category received 2.02 times subscription.

Non-Institutional Investors portion attracted 1.97 times subscription.

Fabtech Technologies’ IPO has a price band of Rs 181-191 per share.

The company’s IPO is entirely a fresh issue of up to 1.2 crore equity shares worth Rs 230 crore

See Full Page