SFC Environmental Technologies IPO is a Mainboard book-built public issue of SFC Environmental Technologies Limited. The IPO comprises a fresh issue of equity shares and an Offer for Sale (OFS) by existing shareholders. The company plans to raise approximately ₹667.50 crore through the public issue, with its equity shares proposed to be listed on both the BSE and NSE.
The IPO will open for subscription on 27 October 2026 and close on 29 October 2026. The price band is ₹313 to ₹330 per equity share, and the minimum application lot consists of 45 shares. At the upper price band, the minimum retail investment is ₹14,850. The anchor investor bidding is scheduled for 26 October 2026, while the tentative listing date is 3 November 2026.
SFC Environmental Technologies Limited operates in the environmental engineering and waste-management technology sector. The company provides solutions for wastewater treatment, wastewater recycling and reuse, and solid waste treatment. Its business focuses on engineering, technology, project implementation, and infrastructure solutions that support the treatment and management of municipal and industrial waste.
The company’s business is connected with the increasing demand for wastewater infrastructure, water reuse, sewage treatment, and sustainable solid waste management. Growing urbanisation, industrial activity, environmental regulations, and investment in sanitation infrastructure may support demand for these solutions. However, project execution, working capital requirements, competition, and the timing of customer payments are important factors to evaluate before investing.
The fresh issue proceeds are intended primarily for repayment or prepayment of certain borrowings, working capital requirements, and general corporate purposes. The OFS proceeds will be received by the selling shareholders rather than the company. Investors should examine the final offer document, financial performance, valuation, and risk factors before making an investment decision.
Table of Contents
SFC Environmental Technologies IPO Details
| IPO Details | Information |
|---|---|
| IPO Name | SFC Environmental Technologies IPO |
| Company Name | SFC Environmental Technologies Limited |
| IPO Type | Book Built Issue |
| IPO Category | Mainboard IPO |
| Face Value | ₹2 Per Equity Share |
| Price Band | ₹313 to ₹330 Per Share |
| Issue Size | Approximately ₹667.50 Crore |
| Fresh Issue | ₹150 Crore |
| Offer for Sale | 1,56,82,750 Equity Shares |
| IPO Open Date | 27 October 2026 |
| IPO Close Date | 29 October 2026 |
| Anchor Investor Bidding | 26 October 2026 |
| Basis of Allotment | 30 October 2026 (Tentative) |
| Refund Initiation | 2 November 2026 (Tentative) |
| Shares Credited to Demat Account | 2 November 2026 (Tentative) |
| Listing Date | 3 November 2026 (Tentative) |
| Listing Exchange | BSE & NSE |
| Lot Size | 45 Equity Shares |
| Minimum Retail Investment | ₹14,850 |
| Registrar | MUFG Intime India Private Limited |
| Book Running Lead Managers | IIFL Capital Services Limited, JM Financial Limited and Nuvama Wealth Management Limited |
The company plans to use the net proceeds from the fresh issue for repayment or prepayment of borrowings, meeting working capital requirements, and general corporate purposes. The proceeds from the Offer for Sale will be distributed to the respective selling shareholders.
SFC Environmental Technologies IPO Dates
| IPO Event | Date |
|---|---|
| Anchor Investor Bidding | 26 October 2026 |
| IPO Opening Date | 27 October 2026 |
| IPO Closing Date | 29 October 2026 |
| Basis of Allotment | 30 October 2026 |
| Refund Initiation | 2 November 2026 |
| Shares Credited to Demat Account | 2 November 2026 |
| Listing Date | 3 November 2026 |
The dates for allotment, refunds, demat credit, and listing are tentative and may be subject to the final issue schedule. Successful applicants will receive allotted shares in their demat accounts before trading begins on the stock exchanges.
SFC Environmental Technologies IPO Reservation
| Investor Category | Reservation |
|---|---|
| Qualified Institutional Buyers (QIB) | Not More Than 50% of the Net Offer |
| Non-Institutional Investors (NII) | Not Less Than 15% of the Net Offer |
| Retail Individual Investors (RII) | Not Less Than 35% of the Net Offer |
The final allocation will depend on the issue structure and applicable allocation rules. The reservation above relates to the net offer and should be read alongside the final prospectus and any applicable employee reservation.
SFC Environmental Technologies IPO Lot Size
| Application | Shares | Amount |
|---|---|---|
| Retail Minimum | 1 Lot (45 Shares) | ₹14,850 |
| Retail Maximum | 13 Lots (585 Shares) | ₹1,93,050 |
| S-HNI Minimum | 14 Lots (630 Shares) | ₹2,07,900 |
The application amounts are calculated using the upper price band of ₹330 per equity share. One lot consists of 45 shares. Retail applications can be made within the applicable retail investment limit, while non-institutional investor applications follow the relevant category limits and issue rules.
About SFC Environmental Technologies Limited
SFC Environmental Technologies Limited is an environmental technology and engineering company incorporated in 2005. The company develops and implements solutions for wastewater treatment, wastewater recycling and reuse, and solid waste treatment. Its activities include technology-based engineering solutions for infrastructure projects associated with sewage treatment, water management, and municipal waste processing.
The company serves customers that require systems to collect, treat, recycle, or process wastewater and solid waste. Its work involves engineering and technology solutions used in public infrastructure and environmental management projects. The business is positioned in a sector where treatment capacity, environmental compliance, water conservation, and sustainable waste processing are important requirements.
The company has developed capabilities in wastewater treatment technology, including sequencing batch reactor (SBR)-based systems, and has undertaken projects involving sewage treatment plants. Its activities also extend to wastewater recycling and reuse and solid waste treatment solutions.
Environmental infrastructure projects can involve substantial design, procurement, installation, commissioning, and performance requirements. Revenue and cash flow may therefore depend on project execution, customer acceptance, contract terms, and the collection of payments. Investors should assess these characteristics alongside the company’s financial results and order book.
Business Operations
SFC Environmental Technologies Limited operates across environmental engineering and treatment technology solutions.
- Wastewater Treatment: The company provides engineering and technology solutions for treating wastewater, including sewage treatment systems used in municipal and infrastructure projects.
- Wastewater Recycling and Reuse: The company offers solutions intended to treat wastewater so that it can be reused for suitable applications, helping support water conservation and resource efficiency.
- Solid Waste Treatment: The company undertakes solutions for processing municipal solid waste and related waste-management requirements.
- Sewage Treatment Plants: The company has experience in sewage treatment infrastructure and the implementation of treatment systems for municipal and other customers.
- Sequencing Batch Reactor Technology: The company works with SBR-based wastewater treatment systems, a process that combines stages of biological treatment in a controlled treatment cycle.
- Engineering and Project Implementation: Its activities include engineering, procurement, installation, commissioning, and delivery of environmental infrastructure solutions as required by project contracts.
- Water Management Infrastructure: The company participates in projects associated with wastewater treatment capacity, water reuse, and environmental compliance.
- Municipal and Infrastructure Projects: The company’s solutions are relevant to public infrastructure requirements, where execution schedules, project approvals, and customer payments can influence operating performance.
Industry Overview
India’s environmental infrastructure sector is influenced by urbanisation, industrial development, water scarcity, sanitation requirements, and the need to improve wastewater treatment and solid waste management. Municipal authorities, industrial customers, and infrastructure developers require systems that help manage wastewater, improve treatment capacity, and comply with environmental standards.
Wastewater recycling and reuse have gained importance as industries and urban areas seek to reduce pressure on freshwater resources. Sewage treatment infrastructure is also relevant to urban sanitation and the management of wastewater generated by expanding populations.
Solid waste treatment is another important part of environmental infrastructure, as cities and local authorities face increasing requirements for waste collection, processing, and sustainable disposal. Technology providers may benefit from investment in such infrastructure, although the timing and scale of individual projects can vary.
Despite these opportunities, environmental engineering companies can face tender-related competition, changes in government spending, project delays, customer concentration, cost escalation, and working capital pressures. Industry demand alone does not guarantee revenue growth or profitability for any individual company.
Business Strategy
SFC Environmental Technologies Limited focuses on providing technology-led environmental engineering solutions across wastewater treatment, wastewater recycling and reuse, and solid waste treatment.
The company’s business strategy involves participating in infrastructure projects that require environmental treatment technologies and project implementation capabilities. Its experience in wastewater treatment and SBR-based systems supports its presence in the sewage treatment segment.
The company also operates in wastewater recycling and reuse and solid waste treatment, giving it exposure to multiple areas of environmental infrastructure. Diversification across these activities may create opportunities to participate in different project categories, although actual revenue contribution depends on project awards and execution.
The ability to manage project costs, maintain engineering capabilities, execute contracts on schedule, and collect customer payments will be important to its operating performance. The company must also manage working capital efficiently because infrastructure projects can require expenditure before all contractual payments are received.
SFC Environmental Technologies IPO Financial Information
A company’s financial performance helps investors evaluate its revenue growth, profitability, balance sheet, and ability to generate cash from operations. For an environmental engineering company, it is particularly important to assess the relationship between project revenue, operating margins, receivables, borrowings, and working capital.
Financial information should be compared across the relevant audited financial years and interim reporting periods. Standalone and consolidated figures should not be mixed, and investors should refer to the financial statements included in the final offer document for the definitive figures.
SFC Environmental Technologies Financial Summary
| Particulars | FY2024 | FY2025 | FY2026 |
|---|---|---|---|
| Revenue from Operations | ₹676.74 Crore | ₹726.96 Crore | ₹803.60 Crore |
| Total Income | ₹676.74 Crore | ₹726.96 Crore | ₹821.27 Crore |
| EBITDA | ₹193.25 Crore | ₹207.48 Crore | ₹235.81 Crore |
| Profit After Tax (PAT) | ₹144.17 Crore | ₹152.01 Crore | ₹160.21 Crore |
| Net Worth | ₹534.30 Crore | ₹648.68 Crore | ₹804.17 Crore |
| Total Borrowings | ₹139.16 Crore | ₹83.71 Crore | ₹195.64 Crore |
The financial figures above should be checked against the same reporting basis in the final Red Herring Prospectus before publication. Revenue and profitability are important indicators, but investors should also consider working capital requirements, receivables, borrowings, cash flow from operations, and the quality of reported earnings.
SFC Environmental Technologies IPO Key Performance Indicators (KPIs)
Key Performance Indicators help investors evaluate profitability, capital efficiency, operating margins, and financial leverage. Ratios can vary depending on whether they are calculated using standalone or consolidated financial statements, the relevant reporting period, and the specific methodology used in the offer document.
| KPI | Value |
|---|---|
| Return on Equity (ROE) | Refer to final RHP |
| Return on Capital Employed (ROCE) | Refer to final RHP |
| Return on Net Worth (RONW) | Refer to final RHP |
| EBITDA Margin | Refer to final RHP |
| PAT Margin | Refer to final RHP |
| Debt-to-Equity Ratio | Refer to final RHP |
| Earnings Per Share (EPS) | Refer to final RHP |
| Net Asset Value (NAV) Per Share | Refer to final RHP |
| Price to Earnings (P/E) | To be calculated using the final issue price and verified EPS |
The final KPI figures should be taken from the final offer document and calculated using a consistent financial basis. A valuation assessment should consider the issue price alongside verified earnings per share, net worth, profitability, and comparable listed companies. No unverified ratio should be treated as a confirmed company disclosure.
Objects of the SFC Environmental Technologies IPO
The company intends to utilise the net proceeds from the fresh issue for the following purposes:
- Repayment or prepayment of certain outstanding borrowings.
- Funding working capital requirements.
- General corporate purposes.
The fresh issue will provide funds to the company for the stated purposes, subject to the final allocation and expenses described in the offer document. The proceeds from the Offer for Sale will be received by the selling shareholders and will not be available to the company for its business operations.
SFC Environmental Technologies IPO Listing Performance
The listing performance will reflect how SFC Environmental Technologies Limited shares trade after the IPO is completed. The issue price is ₹330 per share at the upper end of the announced price band. Since the shares have not started trading as of 21 October 2026, the actual listing price and listing gain are not yet available.
| Particular | Value |
|---|---|
| Listing Exchange | BSE & NSE |
| Listing Date | 3 November 2026 (Tentative) |
| Issue Price | ₹330 Per Share (Upper Price Band) |
| Listing Price | Not Available Before Listing |
| Listing Gain | Not Available Before Listing |
| Listing Gain (%) | Not Available Before Listing |
The listing price will be determined by market trading after the shares are listed. Investors should not assume that the issue price or grey market indications will translate into a particular listing gain.
SFC Environmental Technologies IPO Subscription Status
The subscription figures indicate the level of investor participation during the IPO bidding period. The issue is scheduled to open on 27 October 2026 and close on 29 October 2026. Subscription figures are therefore not yet available as of 21 October 2026.
SFC Environmental Technologies IPO Subscription
| Investor Category | Subscription |
|---|---|
| Qualified Institutional Buyers (QIB) | Bidding Not Yet Open |
| Non-Institutional Investors (NII) | Bidding Not Yet Open |
| Retail Individual Investors (RII) | Bidding Not Yet Open |
| Employee Category | No Separate Figure Confirmed |
| Total Subscription | Bidding Not Yet Open |
The subscription figures will become available after bidding begins. Final subscription levels should be assessed alongside the company’s valuation, financial performance, and business risks rather than treated as a standalone investment indicator.
SFC Environmental Technologies IPO GMP Snapshot
The Grey Market Premium (GMP) is an unofficial indication of demand for an IPO before its stock market listing. It is not regulated as an official exchange price and may change frequently.
As of 21 October 2026, a reliable, independently verifiable GMP figure has not been established for this IPO. No numerical premium or expected listing price should therefore be presented as confirmed.
Investors should remember that GMP is not guaranteed and can differ significantly from the actual listing performance. Decisions should be based on the offer document, financial results, valuation, and individual investment objectives.
SFC Environmental Technologies IPO Review
SFC Environmental Technologies Limited operates in the environmental technology sector, with activities spanning wastewater treatment, wastewater recycling and reuse, and solid waste treatment. These business areas are associated with the need for environmental infrastructure, sanitation, water conservation, and improved waste management. The company’s exposure to these segments provides a basis for evaluating its long-term business opportunities.
The company has experience in wastewater treatment systems, including SBR-based technology, and participates in engineering and infrastructure projects. Its business can benefit from demand for sewage treatment and environmental management solutions. However, the conversion of industry demand into revenue depends on the company’s ability to secure contracts, execute projects, manage costs, and receive payments on time.
The IPO comprises a fresh issue of ₹150 crore and an Offer for Sale of 1,56,82,750 equity shares. The fresh issue proceeds are intended for repayment or prepayment of certain borrowings, working capital requirements, and general corporate purposes. The OFS provides an exit opportunity for selling shareholders, but its proceeds do not go to the company.
The announced price band is ₹313 to ₹330 per share, with a lot size of 45 shares. At the upper band, the minimum retail application amount is ₹14,850. Investors should compare the valuation implied by the offer price with verified earnings, net worth, margins, debt, and the performance of comparable companies before assessing whether the issue is attractively priced.
Key risks include project delays, cost overruns, tender competition, customer payment delays, working capital requirements, and dependence on infrastructure investment. Environmental engineering projects may also have long execution cycles, and changes in project schedules can affect revenue recognition and cash flows.
Overall, SFC Environmental Technologies IPO offers exposure to an environmental infrastructure business operating in wastewater and solid waste treatment. Its attractiveness depends on the quality of its financial performance, the sustainability of margins, order execution, working capital management, and the valuation at which shares are offered. Investors should review the final RHP and make an independent assessment before applying.
SFC Environmental Technologies IPO Strengths
- Operates in wastewater treatment, recycling and reuse, and solid waste treatment.
- Provides technology and engineering solutions for environmental infrastructure.
- Has experience in sewage treatment projects and SBR-based wastewater treatment systems.
- Participates in a sector supported by sanitation, water conservation, and waste-management requirements.
- Offers exposure to multiple environmental treatment segments.
- Fresh issue proceeds are intended partly for debt repayment and working capital requirements.
SFC Environmental Technologies IPO Risk Factors
- Project-based revenue can be affected by execution delays and customer acceptance.
- Cost escalation and project overruns may affect profitability.
- Working capital requirements can place pressure on cash flow.
- Delays in collecting receivables may increase borrowing requirements.
- Tender-based competition can affect pricing and contract margins.
- Revenue may be influenced by the timing of infrastructure spending and project awards.
- Changes in environmental regulations, customer requirements, or project specifications may affect operations.
- Investors should assess the company’s financial disclosures and valuation carefully before investing.
SFC Environmental Technologies IPO Promoters
SFC Environmental Technologies Limited is promoted by Sandeep Sudhakar Asolkar, Priya Sandeep Asolkar, Prachiti Sandeep Asolkar, and Saketchandrasingh Pratapsingh Dhandoriya. The promoters are associated with the development of the company’s environmental engineering and technology business.
SFC Environmental Technologies IPO Promoters Details
| Promoter | Designation |
|---|---|
| Sandeep Sudhakar Asolkar | Promoter |
| Priya Sandeep Asolkar | Promoter |
| Prachiti Sandeep Asolkar | Promoter |
| Saketchandrasingh Pratapsingh Dhandoriya | Promoter |
The promoter shareholding and post-issue shareholding should be assessed using the final offer document, which provides the relevant pre-issue and post-issue ownership information.
SFC Environmental Technologies IPO Management Team
The company’s management and board are responsible for business strategy, project execution, financial management, compliance, and corporate governance. Investors should refer to the latest official governance disclosures and final offer document for the complete board composition and management designations.
| Name | Designation |
|---|---|
| Shweta Deshpande | Company Secretary and Compliance Officer |
The management team plays an important role in overseeing project execution, financial discipline, risk management, and compliance with applicable corporate and securities regulations.
SFC Environmental Technologies IPO Registrar Details
The registrar manages IPO application records, processes applications, assists with finalising the basis of allotment, coordinates refunds, and facilitates the credit of shares to successful applicants.
| Particular | Details |
|---|---|
| Registrar Name | MUFG Intime India Private Limited |
| Website | https://in.mpms.mufg.com |
| IPO Allotment Status | https://in.mpms.mufg.com/Initial_Offer/public-issues.html |
| Email ID | [email protected] |
| Contact Number | +91 22 4918 6000 |
Investors should use the registrar’s official IPO allotment page after the basis of allotment is finalised. The relevant IPO should appear in the available issue list once the allotment process is underway.
SFC Environmental Technologies IPO Lead Manager Details
The Book Running Lead Managers coordinate the public issue process, support regulatory compliance, manage investor marketing, and assist with the issue and listing process.
| Particular | Details |
|---|---|
| Lead Managers | IIFL Capital Services Limited, JM Financial Limited, and Nuvama Wealth Management Limited |
Investors can refer to the final offer document for the formal responsibilities and details of the book-running lead managers.
SFC Environmental Technologies Limited Contact Details
| Particular | Details |
|---|---|
| Company Name | SFC Environmental Technologies Limited |
| Registered Office | The Ambience Court, Hi-Tech Business Park, 21st Floor, Sector 19-D, Plot No. 2, Vashi, Navi Mumbai, Thane – 400705, Maharashtra, India |
| Corporate Office | 2201–2202, Rupa Renaissance, D-33, Turbhe MIDC Road, TTC Industrial Area, Navi Mumbai – 400705, Maharashtra, India |
| Website | https://www.sfcenvironment.com |
| Email ID | [email protected] |
| Contact Number | +91 22 4482 2717 |
| Contact Person | Shweta Deshpande, Company Secretary and Compliance Officer |
How to Check SFC Environmental Technologies IPO Allotment Status
Investors can check the IPO allotment status after the basis of allotment is finalised. The registrar’s website is the primary place to check application results, while the BSE IPO portal may also provide allotment information.
Through MUFG Intime India Private Limited
- Visit the official MUFG Intime website at https://in.mpms.mufg.com.
- Open the IPO allotment status section.
- Select SFC Environmental Technologies IPO from the available issue list.
- Choose the available identification method, such as PAN or application number.
- Enter the required details.
- Submit the information to view the allotment status.
Through BSE
- Visit the official BSE website at https://www.bseindia.com.
- Open the IPO allotment status facility.
- Select SFC Environmental Technologies IPO if it is available in the issue list.
- Enter the required application details and PAN information.
- Complete any verification step displayed on the portal.
- Submit the details to check the allotment result.
The allotment status will only be available after the relevant process has been completed and the results have been published.
SFC Environmental Technologies IPO Conclusion
SFC Environmental Technologies IPO provides investors with an opportunity to invest in a company operating in wastewater treatment, wastewater recycling and reuse, and solid waste treatment. These activities are connected with long-term requirements for environmental infrastructure, water management, sanitation, and waste processing.
The company plans to raise ₹150 crore through a fresh issue and offer 1,56,82,750 equity shares through an Offer for Sale. The announced price band is ₹313 to ₹330 per share, and the minimum lot size is 45 shares. The fresh issue proceeds are intended for debt repayment or prepayment, working capital requirements, and general corporate purposes.
The company’s prospects will depend on its ability to secure and execute projects, manage costs, maintain profitability, and collect customer payments efficiently. Investors should also consider the risks associated with tender-based competition, infrastructure project timelines, working capital, and changes in customer or regulatory requirements.
Before applying, investors should evaluate the final offer document, verified financial statements, issue valuation, and relevant risk factors. A careful assessment of the company’s financial performance and execution capabilities is necessary to determine whether the IPO aligns with individual investment objectives.
SFC Environmental Technologies IPO FAQs
What is SFC Environmental Technologies IPO?
SFC Environmental Technologies IPO is the Mainboard public issue of SFC Environmental Technologies Limited, an environmental engineering company operating in wastewater treatment, wastewater recycling and reuse, and solid waste treatment.
What is the price band of SFC Environmental Technologies IPO?
The announced price band is ₹313 to ₹330 per equity share.
What is the issue size of SFC Environmental Technologies IPO?
The total issue size is approximately ₹667.50 crore, comprising a fresh issue of ₹150 crore and an Offer for Sale of 1,56,82,750 equity shares.
When will SFC Environmental Technologies IPO open?
The IPO is scheduled to open for subscription on 27 October 2026.
When will SFC Environmental Technologies IPO close?
The IPO is scheduled to close on 29 October 2026.
What is the lot size of SFC Environmental Technologies IPO?
The minimum application lot is 45 equity shares.
What is the minimum investment in SFC Environmental Technologies IPO?
At the upper price band of ₹330 per share, the minimum investment for one lot of 45 shares is ₹14,850.
What is the GMP of SFC Environmental Technologies IPO?
A reliable, independently verifiable GMP figure has not been established as of 21 October 2026. GMP is unofficial and should not be treated as a guaranteed indicator of listing performance.
On which stock exchanges will SFC Environmental Technologies shares be listed?
The company’s equity shares are proposed to be listed on the BSE and NSE.
Who is the registrar for SFC Environmental Technologies IPO?
MUFG Intime India Private Limited is the registrar for the IPO.
What does SFC Environmental Technologies Limited do?
The company provides environmental engineering and technology solutions for wastewater treatment, wastewater recycling and reuse, and solid waste treatment.
What are the objects of SFC Environmental Technologies IPO?
The company intends to use the net proceeds from the fresh issue for repayment or prepayment of certain borrowings, working capital requirements, and general corporate purposes. The proceeds from the Offer for Sale will go to the selling shareholders.
