“I note that the facts of the case prima facie show that there has been a massive falsification of the books of accounts of the company and that the company has been publishing false and manipulated financial statements showing inflated revenue/profitability,” Sebi Whole Time Member Ashwani Bhatia said in the order passed on Thursday.
Fabtech Technologies Cleanrooms IPO opens on Friday. Check price band, GMP, other details
Fabtech Technologies Cleanrooms will launch its IPO on January 3, aiming to raise Rs 27.74 crore. The issue comprises a fresh issue of equity shares.