SFC Environmental Technologies IPO opens today: GMP at 9%; check price band, lot size and key details
A ipo & listings development with market-wide reach.
· Economic Times Markets
The Rs 667.53-crore public issue is a combination of a fresh issue of 45.45 lakh shares aggregating to Rs 150 crore and an offer for sale (OFS) of 1.57 crore shares worth Rs 517.53 crore. Through the OFS, existing shareholders will sell part of their holdings, while the company will receive proceeds from the fresh issue.
The analysis
Listing activity is a read on risk appetite — a hot primary market usually means a confident secondary one.
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