Mumbai-based Fabtech Technologies gets Sebi nod for IPO. Check details here
Live MintFabtech Technologies, a Mumbai-based firm operating in the pharmaceutical sector, has received final observation from the capital markets regulator Securities and Exchange Board of India for its initial public offering. As per the company's DRHP, Fabtech Technologies IPO is entirely a fresh share sale of up to 1.2 crore shares of face value of ₹10 each, with no offer for sale component. Fabtech Technologies' total revenue from operations grew by 16.69%, from ₹193.80 crore in Fiscal 2023 to ₹226.13 crore in Fiscal 2024. Other IPOs Apart from Fabtech Technologies, five other companies such as Ather Energy, Ivalue Infosolutions, Oswal Pumps, Quality Power Electrical Equipments and Schloss Bangalore also received Sebi nod for their initial share sales.