Fabtech Technologies share price makes a muted debut, stock opens at ₹192 apiece on NSE

Fabtech Technologies share price made a muted debut on the bourses today. On NSE, Fabtech Technologies share price opened at ₹192 per share, 0.52% higher than the issue price of ₹191. On BSE, Fabtech Technologies share price today opened at ₹191 apiece, same as the issue price.

The initial public offering (IPO) of Fabtech Technologies had a subscription period that ran from Monday, September 29 until Wednesday, October 1. With a face value of ₹10, shares in the Fabtech Technologies IPO price band has been set between ₹181 and ₹191. At least 75 of those shares are up for bid, and there are multiples of those shares available. Fabtech Technologies IPO subscription status was 2 times on the last day of bidding.

Fabtech Technologies offers comprehensive solutions from start to finish, encompassing the design, engineering, procurement, installation, and testing of specialized pharmaceutical equipment for a diverse range of clients.

As of June 2024, the company has successfully completed 35 projects across various countries, including Saudi Arabia, Egypt, Algeria, Bangladesh, Ethiopia, Sri Lanka, and the UAE.

(more to come)

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