New Delhi, Sept. 24 -- Engineering and manufacturing solutions company Fabtech Technologies is all set to launch its initial public offering (IPO). The mainboard IPO will open for subscription on September 29 and close on October 1.

Fabtech Technologies IPO price band has been set at Rs.181 to Rs.191, with a face value of Rs.10 per share.

The IPO is a book-built issue worth Rs.230.35 crore, comprising a complete fresh issue of 1.21 crore shares.

The application lot size is 75 shares, with the minimum investment for retail investors set at Rs.14,325 (75 shares) at the upper price band.

The company plans to use the net proceeds from its IPO for several purposes: meeting the company's working capital needs, pursuing inorganic growth thro...