Trust Mutual Fund, Carnelian and Abakkus buy over 3% of SFC Environmental on IPO day
Three investors bought just over 3% of SFC Environmental Technologies on its first trading day after IPO, as shares rose 29%. Source: TradingView.
- published on Newsmetry
- original source published
the same feed is available to bots and dashboards through the api. connect the api →
what happened
According to TradingView, Trust Mutual Fund, Carnelian Asset Management and Abakkus Investment Managers together bought a little over 3% of SFC Environmental Technologies, a wastewater treatment company, via open-market trades on November 3, its first trading day after the IPO. The shares debuted up 29.12% at Rs 426.10 against the Rs 330 issue price. The three investors' combined stake was valued at about Rs 117.5 crore, or 3.05% of paid-up equity.
Separately, HNI investor Sanjay Popatlal Jain bought 5 lakh shares at Rs 368.57, while Rajasthan Global Securities sold 7.17 lakh shares at Rs 355.10. The company raised Rs 667.5 crore in its IPO.
Nexus Global Opportunities Fund also added 1.82% of Womancart from its promoter, and Pine Oak Global Fund bought 0.49% of Vardhman Polytex from HNI investor Anupama Kothari.
why it matters
Large purchases right after a listing usually signal institutional demand for a new stock, but these are one-off trades in individual companies and do not shift the broader market picture.
tags
instruments
sources
- Trust Mutual Fund, Carnelian Asset, Abakkus buy over 3% stake in SFC Environmental Technologies on listing day — TradingView, 3 November 2026 at 16:14 UTC
prepared by the newsmetry newsroom with ai assistance from the sources listed below. not investment advice.
alerts on your topics, the morning digest and the api — in your account.
get stories in real time ↗