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Fabtech Technologies Cleanrooms Limited IPO Opens
The Business Guardian
|January 03, 2025
Our IPO marks a transformative phase in the Company's growth story. With over 28 years of engineering expertise as part of the Fabtech Group and a strong presence in the pharmaceutical, healthcare and biotech sectors, we are committed to delivering innovative cleanroom solutions.
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Fabtech Technologies Cleanrooms Limited specializes in cleanroom solutions for the pharma, healthcare and biotech sectors. It proposes to open its Initial Public Offering on January 03, 2025 aiming to raise Rs 27.74 Crores, with shares to be listed on the BSE SME platform.
The issue size is 32,64,000 equity shares of face value of Rs 10 each with an issue price band of Rs 80 - Rs 85 Per Share.
Equity Share Allocation
* Qualified Institutional Buyer - 15,47,200 Equity Shares
* Non-Institutional Investors - 4,65,600 Equity Shares
* Retail Individual Investors - 10,86,400 Equity Shares
* Market Maker - Up to 1,64,800 Equity Shares
The net proceeds from the IPO will be utilized to meet long-term working capital requirements, proposed acquisition of equity shares of Kelvin Air Conditioning & Ventilation Systems Private Limited and general corporate purposes. The anchor bidding will open on January 02, 2025, the issue opening date will be January 03, 2025 and the issue will close on January 07, 2025.
This story is from the January 03, 2025 edition of The Business Guardian.
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