India's Fabtech Technologies drops to exchange-allowed maximum in trading debut

Fabtech Technologies

07/10/2025 07:35

** Shares of Fabtech Technologies FABE.NS drop to exchange-allowed maximum of 182.40 rupees in trading debut

** FABE valued at 8.11 bln rupees ($91.4 mln) as of 12:01 IST

** Stock opened at 192 rupees, 0.5% higher than IPO price of 191 rupees

** FABE provides turnkey engineering solutions for pharmaceuticals, biotech and healthcare companies

** Co's 2.3 bln rupee IPO, which was entirely an issue of new shares, was subscribed 2.03x

** Trading vols 4 mln shares so far

** Proceeds from IPO to be used for funding working capital requirements, pursuing inorganic growth through acquisitions, and other corporate purposes

($1 = 88.7170 Indian rupees)

 (Reporting by Vijay Malkar)

 ((VijayDattaram.Malkar@thomsonreuters.com;))