SFC Environmental Technologies IPO opens Oct 27, price band at ₹313-330
Wastewater treatment solution provider SFC Environmental Technologies Ltd on Wednesday announced that its Rs 668 crore initial public offering (IPO) will open for subscription on October 27.
It has fixed a price band of Rs 313-330 per share for the public issue, valuing the company at around Rs 3,233 crore at the top end of the price band.
The IPO comprises a fresh issue of equity shares worth Rs 150 crore and an offer-for-sale (OFS) of up to 1.57 crore shares by promoters and existing shareholders, according to a public announcement.
Proceeds from the fresh issue will be used for debt repayment and working capital requirements.
The public issue will close on October 29 and anchor investor bidding will take place on October 26.
The company's equity shares are proposed to be listed on BSE and NSE on November 3.
Incorporated in 2005, the Mumbai-based company provides wastewater treatment solutions using proprietary technologies, including C-Tech, an advanced technology for treating
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