SFC Environmental Technologies, a Navi Mumbai-based wastewater treatment solutions provider, raised Rs 200.25 crore from 11 anchor investors on October 26, a day ahead of the opening of its public issue.
The IPO will open for public subscription on October 27 and close on October 29.
The company is raising Rs 667.5 crore through its initial public offering (IPO) at the upper end of the price band of Rs 313–330 per share. The issue comprises a fresh issuance of shares worth Rs 150 crore and an offer for sale (OFS) of 1.56 crore shares worth Rs 517.53 crore.
SFC Environmental Technologies has allotted 60.68 lakh shares to institutional investors through the anchor book at Rs 330 per share. Of these, 54.09 lakh shares were allotted to eight domestic mutual funds.
Domestic mutual funds participating in the anchor book included SBI Mutual Fund, Nippon Life India, ICICI Prudential AMC, Quant Mutual Fund, Edelweiss and Sundaram Mutual Fund, among others.