SFC Environmental Technologies, a Navi Mumbai-based wastewater treatment and environmental technology solutions provider, will open its initial public offering (IPO) for subscription on October 27. The company aims to raise Rs 667.5 crore through the public issue, which will close on October 29.
The company has fixed the IPO price band at Rs 313–330 per share. At the upper end of the price band, SFC Environmental Technologies is valued at Rs 3,232.5 crore.
The IPO comprises a fresh issue of Rs 150 crore and an offer for sale (OFS) of 1.56 crore equity shares worth Rs 517.5 crore. While the proceeds from the fresh issue will go to the company, the OFS component will allow existing shareholders, including promoters, to sell their shares.
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The company's anchor book for institutional investors will open on October 26, ahead of the public issue.