Despite the slow start in formal subscriptions, the IPO is generating significant buzz in the grey market, with shares trading at a premium of around 18%.
The Rs 230 crore IPO is a fresh issue consisting of 1.21 crore equity shares. The price band is set between Rs 181 and Rs 191 per share, with a minimum application size of 75 shares. The subscription window will remain open until October 1.
Fabtech Technologies IPO Subscription Status: Day 1 Update
As of 10:20 AM on Day 1, the Fabtech Technologies IPO saw a modest start, with just 2% overall subscription, according to BSE data.
Retail Individual Investors (RIIs) have subscribed to 4% of the 42 lakh shares allocated to them. This indicates cautious early participation from the retail segment.
Non-Institutional Investors (NIIs), which include high-net-worth individuals, also bid for 2% of the 18 lakh shares reserved for their category.
Qualified Institutional Buyers (QIBs): As of now, there have been no bids from institutional investors for the 60 lakh shares allocated to them — a common trend on the first day of bidding as QIBs typically participate later in the process.
Fabtech Technologies IPO GMP Today: Strong Momentum in Grey Market
Despite a slow start in official subscriptions, Fabtech Technologies is witnessing robust demand in the grey market. The shares are currently commanding a grey market premium (GMP) of approximately 18%, indicating strong investor sentiment ahead of listing.
This premium translates to an expected listing gain of around Rs 34–35 per share over the upper price band of Rs 191, reflecting positive outlook in the unofficial market.
The healthy GMP reflects optimism around the company’s order book and growth prospects. Fabtech is positioned uniquely in the biopharma turnkey solutions segment with end-to-end offerings. Strong financial performance and a diversified order pipeline provide visibility.
Fabtech Technologies IPO: Key Details and Timeline
Fabtech Technologies is launching a Rs 230 crore initial public offering (IPO), consisting entirely of a fresh issue of approximately 1.21 crore equity shares. The price band for the issue has been set between Rs 181 and Rs 191 per share, with a minimum lot size of 75 shares for retail investors.
The IPO opened for subscription on September 29 and will remain open until October 1, 2025. The basis of allotment is tentatively scheduled for Friday, October 3, 2025, while the shares are expected to list on the NSE and BSE on Tuesday, October 7, 2025, subject to regulatory approvals.
Utilization of IPO Proceeds
The funds raised from the IPO will be primarily allocated toward key strategic initiatives:
Working Capital Requirements: Rs 1,270 crore will be used to support day-to-day operational needs.
Inorganic Growth: Rs 300 crore is earmarked for potential acquisitions to drive business expansion.
General Corporate Purposes: The remaining amount will support overall business operations and strategic flexibility.
This fresh capital infusion is expected to strengthen Fabtech Technologies’ balance sheet and enhance its capacity for growth and market expansion.
Business Overview
Fabtech Technologies specializes in delivering turnkey solutions in cleanroom infrastructure, modular systems, and biopharma engineering. Its services cover the complete manufacturing lifecycle—from facility design and setup to installation, validation, and regulatory compliance.
In addition to core biopharma solutions, Fabtech also provides clean water and clean air systems, serving sectors such as life sciences, food & beverage, IT, semiconductors, and aerospace.
With a global footprint, the company has executed projects across various countries, adhering to stringent international compliance standards. As of July 31, 2025, Fabtech employed 185 permanent staff members.
Financial Performance
Fabtech Technologies has delivered impressive financial growth in recent years. In FY25, the company reported a revenue of Rs 335.94 crore, marking a 46% year-on-year increase from Rs 230.39 crore in FY24. This growth reflects the company’s expanding project portfolio and rising demand for its engineering solutions across key sectors.
The bottom line also saw a significant boost. Profit After Tax (PAT) surged by 71%, reaching Rs 46.45 crore in FY25, compared to Rs 27.22 crore in the previous fiscal year. This sharp rise in profitability highlights improved operational efficiency and stronger margin performance.
Listing Details
Fabtech Technologies’ shares are expected to be listed on both the NSE and BSE on October 7, 2025.
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