SFC Environmental Technologies lists at nearly 8% premium
In a landmark event, SFC Environmental Technologies debuted on the stock exchange with a promising start, opening at a premium. The IPO garnered impressive attention, being oversubscribed 9.47 times. Institutional investors showed particular interest, leading to an 18.81 times subscription in the QIB segment. The raised capital will be directed towards settling borrowings and facilitating working…
SFC Environmental Technologies Ltd. successfully listed its shares on the NSE and BSE, trading at nearly an 8% premium above the IPO price. The company raised Rs 667.53 crore through a combination of a fresh issue and offer for sale, with the IPO receiving an impressive 9.47 times subscription. The majority of this capital will be used to repay debt and bolster working capital, while the remainder can be utilized for general corporate purposes.
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