The buzz around Fabtech Technologies Cleanrooms IPO has reached a new high, with the grey market premium (GMP) skyrocketing by over 90% on its final day of the three day subscription period starting from January 3 to January 7, 2025. This surge in the GMP of the BSE SME issue has sparked an interest among investors, watching the latest SME issue to hit the market.
Let’s take a look at the Fabtech Technologies IPO and its grey market movement, as well as the latest subscription numbers.
Fabtech Technologies IPO: GMP soars by 94%
Since the opening of the issue on January 3, Fabtech Technologies IPO has been making waves in the grey market. As of today, January 7, the shares of Fabtech are commanding a premium of Rs 80 in the grey market, indicating a likely listing price of Rs 165 per share, up by a substantial 94.12% compared to the IPO’s upper price band of Rs 85.
The rise in the grey market premium comes after the IPO’s performance on Day 1, with the issue fully subscribed. The buzz surrounding this issue intensified further, with the GMP climbing thereafter. It started at Rs 50 on January 2 and spiked to Rs 75 by January 3.
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Fabtech Technologies IPO – Subscription numbers so far
As on the final day of its bidding, the Fabtech Technologies IPO as of now has received a 218.33 times subscription.
Breaking it down further, so far, the retail category has been subscribed 311.65 times. The qualified institutional buyers (QIB) category has received a 7.49 times subscription, while the non-institutional investors (NII) category stands at a 280.98 times till now.
Fabtech Technologies IPO – Key dates to remember
Allotment date
Investors who have applied for the IPO will be able to check the status of their allotments on January 8, 2025.
Listing date
The shares are expected to be listed on the BSE SME platform on January 10.
Fabtech Technologies IPO – Key highlights
Fabtech Technologies IPO is a fresh issue of 32.64 lakh shares, with a total size of Rs 27.74 crores. Retail investors can apply for a minimum of 1,600 shares, requiring an investment of Rs 1,36,000,
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