SFC Environmental Technologies shares debut at 8% premium; here's how much investors made per lot

On the BSE, the stock debuted at ₹354.05 per share, up 7.29% from the issue price.

SFC Environmental Technologies share price: Here's how much investors made per lot

The ₹667.53 crore IPO was a fresh issuance of 45.45 lakh shares valued at ₹150 crore and an offer-for-sale (OFS) component of up to 1.57 crore shares worth ₹517.53 crore by promoters and existing shareholders.

The funds raised will be used for working capital requirements, debt clearance and general corporate purposes.

"Our company expects to receive the benefits of listing of equity shares on the Stock Exchanges including enhancing our visibility and our brand image among our existing and potential customers and creating a public market for our equity shares in India," according to the red herring prospectus.

The initial public offering was subscribed 9.47 times, as it got bids for 13,41,33,255 shares versus 1,41,59,744 shares on offer, according to the NSE data.

The part for qualified institutional buyers (QIBs) fetched 18.81 times subscription, while the category for non-institutional investors (NIIs) was subscribed 12.81 times. The quota for retail investors was booked 2.71 times.

Before the IPO, the company collected ₹200 crore from anchor investors, including Edelweiss Life Insurance Company, SBI Mutual Fund, Government Pension Fund Global, ICICI Prudential Mutual Fund, Societe Generale and Nippon India Mutual Fund.

Mumbai-based company SFC Environmental Technologies, incorporated in 2005, provides wastewater treatment solutions using proprietary technologies such as C-Tech, an advanced technology for treating sewage and effluents.

Its customers include Enviro Infra Engineers, EMS, Rajkamal Builders Infrastructure, Ramky Infrastructure, and SMC Infrastructures.