Trust Mutual Fund, Carnelian Asset Management and Abakkus Investment Managers collectively acquired a little over 3 percent stake in SFC Environmental Technologies, a wastewater treatment solutions provider, through open-market transactions on November 3, its first trading day on the stock exchanges following its IPO.
SFC Environmental Technologies shares made a strong debut, surging 29.12 percent to Rs 426.10 against the IPO issue price of Rs 330 per share.
Trust Mutual Fund acquired 6.02 lakh shares in SFC Environmental Technologies for Rs 25.67 crore at Rs 426.10 per share. Meanwhile, Vikas Khemani-led Carnelian Asset Management & Advisors purchased 10.7 lakh shares at Rs 393.01 apiece, amounting to Rs 42.07 crore.
Sunil Singhania-led Abakkus Investment Managers bought 13.15 lakh shares for Rs 49.83 crore at Rs 379 per share. The combined purchases by the three investors represented 3.05 percent of the company's paid-up equity capital and were valued at approximately Rs 117.5 crore.
Separately, high-net-worth individual (HNI) investor Sanjay Popatlal Jain purchased 5 lakh shares in SFC Environmental Technologies at Rs 368.57 apiece, amounting to Rs 18.42 crore. On the selling side, Rajasthan Global Securities offloaded 7.17 lakh shares for Rs 25.48 crore at Rs 355.10 per share.