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

Fabtech Technologies, based in Mumbai, has submitted preliminary papers to Sebi for an IPO consisting of up to 1.20 crore equity shares. The funds will be allocated towards working capital needs, acquisitions, and general corporate purposes. In Fiscal 2024, the company saw a revenue increase of 16.7%, reaching Rs 226.13 crore.