SFC Environmental Technologies shares made a positive debut on the stock exchanges on November 3, listing at a premium of around 8 percent against the company's initial public offering (IPO) price of Rs 330 per share.
The stock listed at Rs 355.10 on the National Stock Exchange (NSE), marking a premium of 7.61 percent over the issue price. On the BSE, the shares debuted at Rs 354.05, translating into a gain of 7.29 percent.
Following the listing, SFC Environmental Technologies' market capitalisation stood at around Rs 3,468.16 crore.
The listing was broadly in line with grey market expectations. SFC Environmental Technologies shares were commanding a grey market premium (GMP) of around 5 percent ahead of their stock market debut on November 3, according to Investorgain.
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