Fabtech Technologies Cleanrooms Ltd. makes a strong debut on the bourses with scrip got listed at Rs 161.50 on the Bombay Stock Exchange, a 90.00 per cent premium to its issue price of Rs 85.00.
The company, which raised 0.33 Cr from initial public offering, was subscribed 699.91 times, receiving bids for 22,845.06 lakhs shares against the total issue size of 32.64 lakhs shares.
The company, listed under MT Group Securities post its IPO, opened for subscription from Jan 03 to Jan 07.
Following a strong opening, the scrip touched an intraday high of Rs [BSEHighPrice] and a low of Rs [NSEHighPrice], before closing the session [UpDown] by [ChangePer] per cent to its listing price at Rs [ClosingPriceBSE] on the BSE.
The company anticipates using the proceeds of the issue for .
Vivro Financial Services Private Ltd. as lead managers & Maashitla Securities Pvt. Ltd. is the registrar, to the issue.
Meanwhile, the broader benchmark BSE Sensex closed trade at 77,620.21, down 528.28 points, or 0.67 per cent.