The initial public offering (IPO) of Fabtech Technologies Limited opened for subscription today, 29 September 2025, and will remain available to investors until 1 October 2025. The company has set the price band at ₹181–₹191 per equity share and plans to raise ₹230.35 crore through a fresh issue of shares. All proceeds from the IPO will be directed into the company’s balance sheet. Employees applying under the reserved quota will receive a discount of ₹9 per share.
Grey Market Premium (GMP)
Ahead of the IPO launch, Fabtech Technologies’ shares were trading in the grey market with a premium of ₹35, according to market observers.
Subscription Status
As of 10:45 AM on day one of bidding, the IPO had received overall subscription of 0.05 times. The retail portion was subscribed 0.13 times, while the non-institutional investor (NII) category was subscribed 0.06 times.
IPO Key Details
- GMP Today: Premium of ₹35 in the grey market.
- Price Band: ₹181 to ₹191 per equity share.
- Issue Size: ₹230.35 crore through fresh equity issuance.
- Lot Size: Investors can apply in lots of 75 shares each.
- Bidding Dates: 29 September to 1 October 2025.
- Allotment Date: Tentatively 3 October 2025.
- Registrar: Bigshare Services Pvt. Ltd.
- Lead Manager: Unistone Capital.
- Listing: Shares proposed to list on both NSE and BSE on or around 5 October 2025.
Company Financials
Fabtech Technologies has shown consistent growth over the last three financial years. The company reported revenues of ₹200 crore in FY23, ₹230 crore in FY24, and ₹335 crore in FY25. Net profits also rose steadily, from ₹21.75 crore in FY23 to ₹27.20 crore in FY24, and ₹46.45 crore in FY25.
Expert Opinion
Market experts advise caution in subscribing to the IPO at this stage. Avinash Gorakshkar, a SEBI-registered analyst, noted that the issue appears fully priced and the current weak sentiment in the secondary market could weigh on demand. He suggested investors may consider waiting for listing before taking a call.
Anuj Gupta, Director at Ya Wealth, highlighted the company’s strong fundamentals and profitability track record but also flagged the valuations as being on the higher side. He added that a market trend reversal could potentially result in a positive listing.
Fabtech Technologies comes with a strong growth record and profitability, but given current market conditions and valuation concerns, experts recommend investors adopt a cautious approach and wait for listing cues before investing.
