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Fabtech

Fabtech Technologies files draft papers with Sebi to raise funds via IPO

Fabtech Technologies -- a turnkey engineering solutions provider for the pharmaceuticals, biotech and healthcare industry -- has filed preliminary papers with capital markets regulator Sebi to raise funds through an initial public offering. The Mumbai-based company's proposed initial public offering (IPO) is entirely a fresh issue of up to 1.20 crore equity shares. The offer also includes a reservation for a subscription by eligible employees, according to the draft red herring prospectus (DRHP). The company may raise up to Rs 10 crore through the pre-IPO round. If such placement is completed, the fresh issue size will be reduced. Proceeds from the IPO to the extent of Rs 120 crore will be used for funding the working capital requirements of the company, and Rs 30 crore for pursuing inorganic growth initiatives through acquisitions, and general corporate purposes. Fabtech Technologies, part of the Fabtech Group was incorporated as Globeroute Ventures Private Ltd. The company demerg

Fabtech Technologies files draft papers with Sebi to raise funds via IPO
Updated On : 16 Sep 2024 | 4:00 PM IST

Fab toolmakers eye India; Applied Materials considers manufacturing unit

If sources are to be believed, the firm may be looking at Tamil Nadu for its ambitious plans

Fab toolmakers eye India; Applied Materials considers manufacturing unit
Updated On : 08 Sep 2024 | 10:32 PM IST

Indian firms cold to Tower Semiconductor's offer to set up chipmaking JV

In 2022, US chip giant Intel, which had signed a deal to buy out Tower for $5.4 billion, decided to cancel it and paid a $353 million termination fee

Indian firms cold to Tower Semiconductor's offer to set up chipmaking JV
Updated On : 22 Oct 2023 | 11:56 PM IST

EPC player Fabtech bags orders Rs 734 cr

The company eyes Rs 2,000 cr turnover in the next five years

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Updated On : 12 Jul 2016 | 6:34 PM IST