SFC Environmental Technologies’ Rs.668-Cr IPO sees 9.5x subscription

The initial public offering (IPO) of Navi Mumbai-based SFC Environmental Technologies , which had an issue size of Rs.667.5-Cr, has been subscribed 9.5 times. The portion reserved for qualified institutional buyers (QIB) witnessed 18.8 times subscription, while the non-institutional investor (NII) category was subscribed 12.8 times.The book-running lead managers for the issue are IIFL Capital Services, JM Financial, and Nuvama Wealth Management.The company provides environmental technology solutions. Information regarding the specific use of proceeds or founding details was not provided in the source text.