SFC Environment Technologies Shares Debut With Over 7% Premium on Exchanges

Business Standard Markets · stocks

Shares of waste management firm SFC Environment Technologies commenced trading on Tuesday with a notable premium against their Initial Public Offer (IPO) price. The stock opened at ₹355.10 on the National Stock Exchange, marking a 7.6 per cent increase from the IPO price of ₹330. On the BSE, it listed at ₹354.05, a 7.3 per cent rise. The company's debut surpassed grey market expectations, which had predicted a 4.70 per cent premium. SFC Environment Technologies raised ₹668 crore through its book-built IPO.