Fabtech Technologies IPO allotment today. Here’s GMP, how to check status
The share allotment of Fabtech Technologies IPO will be finalized today, Friday, October 3. The issue had opened for subscription on September 29 and closed on October 1. On October 6, the company will credit shares to the demat accounts of successful applicants, while refunds for those who did not receive an allotment will also be processed the same day.
Fabtech Technologies IPO shares are scheduled to be listed on both exchanges, NSE and BSE, with a tentative listing date fixed for October 7.
## Subscription Details
Fabtech Technologies IPO garnered a subscription of 2.03 times by the third day of bidding. The breakdown of the subscription is as follows:
– Retail portion: 2.08 times subscribed
– Non-Institutional Investors (NII) category: 1.97 times subscribed
– Qualified Institutional Buyers (QIBs) segment: 2.02 times subscribed
– Employee quota: 2.01 times subscribed
## Fabtech Technologies IPO Grey Market Premium (GMP) Today
The Fabtech Technologies IPO grey market premium (GMP) currently stands at 0, indicating that the shares are trading at their issue price of ₹191 without any premium or discount, according to investorgain.com.
Based on grey market activity over the past eight sessions, today’s GMP is on a declining trend and is expected to fall further. Experts have noted that the GMP has ranged between a minimum of ₹0.00 and a maximum of ₹35 during this period.
*Note:* Grey Market Premium (GMP) reflects investors’ willingness to pay more than the issue price for the shares.
## How to Check Allotment Status
Investors can check their allotment status using any of the following methods:
### NSE
1. Visit the [NSE website](https://www.nseindia.com/) and navigate to the homepage.
2. Click on **Verify IPO Bid/Allotment Details**.
3. Select **Equity & SME IPO bid details**.
4. Choose **Fabtech** in the IPO name dropdown, then enter your PAN number and application number.
5. Click **Submit** to view the status.
### BSE
1. Visit the [BSE website](https://www.bseindia.com/) and go to **Status of Issue Application**.
2. Select the issue type as **Equity**.
3. Enter the issue name, application number, or PAN number.
4. Click **Submit** to check your allotment status.
### Bigshare Services (Registrar)
1. Open the [Bigshare Services website](https://www.bigshareonline.com/).
2. Select the company and choose the selection type (either PAN number or application number).
3. Enter the captcha code.
4. Click **Submit** to view your allotment details.
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**Disclaimer:** This story is for educational purposes only. The views and recommendations expressed above are those of individual analysts or broking companies, and do not represent the views of Mint. Investors are advised to consult certified financial experts before making any investment decisions.
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