SFC Environmental Technologies IPO Subscription Update: Issue Subscribed 0.27 on Day 2
On the second day, the SFC Environmental Technologies IPO received bids for 38,55,195 shares against 1,41,59,744 shares available for subscription, with the issue subscribed 0.27 times, according to NSE data. The Retail Individual Investor (RII) category was subscribed 0.34 times, while the Non-Institutional Investor (NII) category stood at 0.37 times. The Qualified Institutional Buyer (QIB) portion, excluding the anchor allocation, was subscribed 0.08 times at the time of the update. Investors can visit our IPO page to track subscription updates and other upcoming public issues.
| Sr. No. | Category | Subscription (Times) |
|---|---|---|
| 1 | Qualified Institutional Buyers (QIBs) | 0.08 |
| 2 | Non-Institutional Investors (NIIs) | 0.37 |
| 3 | Retail Individual Investors (RIIs) | 0.34 |
| - | Total | 0.27 |
SFC Environmental Technologies Overview and Purpose
The SFC Environmental Technologies IPO is offering approximately Rs 667.53 crore, comprising a fresh issue of Rs 150 crore and an Offer for Sale (OFS) of approximately Rs 517.53 crore. The issue is priced in the range of Rs 313 to Rs 330 per share, with a minimum lot size of 45 shares.
The proceeds from the fresh issue will be used to repay certain outstanding borrowings of the company and its wholly owned subsidiary, Vasudha Waste Treatment Private Limited, meet working capital requirements, and support general corporate purposes. The proceeds from the OFS will go to the existing selling shareholders, and the company will not receive any proceeds from that portion of the issue.
Disclaimer
Investments in the securities market are subject to market risks. Read all related documents carefully before investing. Registration granted by SEBI, and certification from NISM in no way guarantee the performance of the intermediary or provide any assurance of returns to investors. Choice Equity Broking Private Limited: SEBI Reg No. Broking - INZ000160131 ( BSE - 3299 ) | ( NSE - 13773 ) | ( MSEI - 73200 ) | ( MCX - 40585 ) | ( NCDEX - 01006 ). Depository Participant SEBI Reg. No. - IN - DP - 84 - 2015, DP ID CDSL - 12066900, NSDL ID - IN301895. Research Analyst - INH000000222 (CIN. NO.: U65999MH2010PTC198714)
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