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Fabtech Technologies IPO: Despite sluggish official subscriptions, Fabtech Technologies is seeing strong grey market interest, with shares trading at an 18% premium, reflecting positive investor sentiment ahead of listing.
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Hindustan Unilever (HUL) shares fell sharply on muted Q2 growth, impacted by GST rate cuts. Trade and channel disruptions led to postponed orders and lower consumer buying in September, affecting sales. The portfolio now sees reduced GST rates on key FMCG products.
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The last two months have been hectic for IPO investors with a flurry of listings. September, particularly, was the busiest in nearly three decades. For investors startled with the number of IPOs, marquee picks from star names might have a clue as to which IPOs are worth looking at. Ashish Kacholia is one such name who invested in the
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Fabtech Technologies, a biopharma engineering solutions provider, launched its Rs 230 crore IPO on September 29, closing October 1, with a price band of Rs 181-191. The issue is attracting strong grey market interest, indicating an 18% listing gain expectation. Proceeds will fund working capital and acquisitions, bolstering its robust financial performance and diversified order book.
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Gold prices rose on Monday, hovering near an all-time high, fueled by a weaker U.S. dollar and growing expectations for Federal Reserve interest rate cuts later this year. Traders are currently pricing in a 90% chance of a Fed cut in October. This surge occurred despite weakening physical demand in China, while other Asian hubs saw steady buying.
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