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).