FABTECH TECHNOLOGY IPO DAY 3 LIVE: Edition logged in 1x so far. Check GMP, subscription status, review. Apply or not?

FabTech Technologies IPO subscription status: The initial public offer of FabTech Technologies Ltd, which offers turnkey engineering solutions for the pharmaceutical sectors, biotech and healthcare, is fully logged in on the second day of the share sale. According to the NSE data, the IPO of £ 230 crore bid for 1,21,11,225 has attracted shares compared to the 1,20,60,000 shares available. Among the various categories of investors, the part of the retail individual investors (RIIs) experienced 1.20 times subscription, while the qualified institutional buyers (QIBS) segment had a 94%subscription rate, and the share of non-institutional investors was subscribed to 76%. FabTech Technologies IPO Prize Band is determined in the region of £ 181-191 per share for its initial £ 230 crore (IPO) public offer. The Mumbai-based company was opened for public subscription on September 29 and will conclude on October 1. FabTech Technologies offers all -encompassing solutions from start to end, which includes the design, engineering, acquisition, installation and testing of specific pharmaceutical equipment for different clients. From June 2024, the company successfully completed 35 projects in various countries, such as Saudi Arabia, Egypt, Algeria, Bangladesh, Ethiopia, Sri Lanka and the UAE. FabTech Technologies IPO GMP Today is FabTech Technologies IPO GMP £ 0, which means that stock trading at their price of £ 191 without premium or discounts in the gray market, according to Investorgain.com. Considering the gray market activities from the past eight sessions, today’s IPO GMP is downward and is expected to decline further. The minimum GMP recorded is £ 0.00, while the maximum GMP is at £ 35, as per experts. ‘Gray Market Premium’ indicates investors’ readiness to pay more than the issue price. FabTech Technologies IPO Review SBICAP Securities indicates that the robust and diverse order book offers good income visibility in the short term. Nevertheless, the low rate of proposals for proposals and the dependence on third-party purchases holds important risks. At the top of the £ 191 price range, the issue is judged on a p/e ratio of 29.7x and an EV/EBITDA ratio of 16.9x based on capital to the problem. From FY23 to FY25, the company showed a 29.8% CAgr in turnover, 29.1% in Ebitda, 46.2% in PAT and 14.7% in Adj. Slap. The broker considers the business quite valued, and they recommend a neutral rating for the problem. BP shares mention that the company’s order book offers a strong visibility of income for the coming years, reducing the need for new customer acquisitions in the short term. At the maximum price point of £ 191, the company is valued at a P/e ratio of 13.3 times FY25 earnings. Therefore, they advise a ‘subscription’ rating for this offer. FabTech Technologies IPO details FabTech Technologies IPO of the business consists of a new edition of as much as 1.2 crore shares worth £ 230 crore based on the highest point of the price range. The funds raised from the IPO will be allocated to meet the business capital needs of the business, to investigate growth opportunities through acquisitions and other corporate uses. Unistone Capital serves as the exclusive management manager for accounting for this issue. Disclaimer: The views and recommendations above are those of individual analysts or brokerage companies, and not of currency. We advise investors to check with certified experts before making investment decisions.