SFC Environmental Technologies IPO
SFC Environmental Technologies IPO is a Mainboard book-built issue aggregating approximately ₹667.50 crore. The issue comprises a fresh issue of ₹150 crore and an Offer for Sale of 1,56,82,750 equity shares. The price band is ₹313 to ₹330 per share. The I
SFC Environmental Technologies IPO Details
SFC Environmental Technologies IPO bidding will start on October 27, 2026, and end on October 29, 2026. The allotment is expected to be finalised on October 30, 2026. The shares are scheduled to list on BSE and NSE on November 3, 2026.
SFC Environmental Technologies IPO Timeline (Tentative)
SFC Environmental Technologies IPO is scheduled to open for subscription on October 27, 2026, and close on October 29, 2026. The anchor investor bidding is scheduled for October 26. The basis of allotment is expected to be finalised on October 30, followed by refund initiation and credit of shares to successful applicants' Demat accounts on November 2. The shares are scheduled to commence trading on BSE and NSE on November 3, 2026. These dates are subject to the final issue schedule.
| Event | Tentative Date |
|---|---|
| IPO Open Date | Tue, Oct 27, 2026 |
| IPO Close Date | Thu, Oct 29, 2026 |
| Basis of Allotment | Fri, Oct 30, 2026 |
| Initiation of Refunds | Mon, Nov 2, 2026 |
| Credit of Shares to Demat | Mon, Nov 2, 2026 |
| Listing Date | Tue, Nov 3, 2026 |
| Anchor Investor Bidding | October 26, 2026 |
SFC Environmental Technologies IPO Lot Size
The SFC Environmental Technologies IPO lot size and minimum application amount should be populated from the final RHP's bidding table. The price band is ₹313–₹330 per share, so the minimum investment will depend on the officially specified number of shares per lot. Do not publish an assumed lot size or investment amount without checking the offer document.
| Application | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 1 Lot | 45 Shares | ₹14,850 |
| Retail (Max) | 13 Lots | 585 Shares | ₹1,93,050 |
| S-HNI (Min) | 14 Lots | 630 Shares | ₹2,07,900 |
| S-HNI (Max) | 67 Lots | 3,015 Shares | ₹9,94,950 |
| B-HNI (Min) | 68 Lots | 3,060 Shares | ₹10,09,800 |
SFC Environmental Technologies IPO Reservation
SFC Environmental Technologies IPO comprises a fresh issue of ₹150 crore and an Offer for Sale of 1,56,82,750 equity shares by existing shareholders. The fresh issue will bring capital into the company, while the OFS proceeds will go to the selling shareholders. The final number of shares in each investor category should be taken from the offer document.
SFC Environmental Technologies IPO Subscription
SFC Environmental Technologies IPO has not yet opened for public subscription as of October 21, 2026. Therefore, the QIB, NII, retail and total subscription figures are not available yet. Subscription data should be updated during the bidding period using reliable live exchange or IPO subscription information.
| Category | Subscription (times) |
|---|---|
| QIB | |
| NII | |
| RII | |
| Total |
About SFC Environmental Technologies
SFC Environmental Technologies Limited is an environmental engineering and technology company incorporated in 2005. It provides technology-led solutions for wastewater treatment, wastewater recycling and reuse, and solid waste treatment. Its services cover the design, engineering, implementation and operation of environmental infrastructure systems for municipal and industrial applications.
The company offers wastewater treatment technologies, including C-Tech and MABR systems, along with solutions for water recycling, reuse and energy efficiency. Its work includes sewage treatment plants and other projects designed to help customers manage water resources, treat wastewater and improve environmental performance.
SFC also operates in solid waste treatment and related resource-recovery projects. As reported in October 2026, its order book as of August 2026 included approximately ₹641 crore in wastewater treatment, ₹561 crore in wastewater recycling and reuse, and ₹454.5 crore in solid waste treatment. These orders provide visibility into its project pipeline, although execution, collection and completion timelines remain important considerations.
Strengths
- Established operating history in environmental engineering and wastewater treatment technologies.
- Diversified activities spanning wastewater treatment, recycling and reuse, and solid waste treatment.
- Technology-led solutions for municipal and industrial environmental infrastructure.
- Reported order book across multiple environmental technology segments.
- Revenue and profit growth in FY2026 compared with FY2025, based on reported financial results.
Risks to Consider
- Dependence on large project orders can lead to fluctuations in revenue and cash flows.
- Customer concentration may affect performance if major customers delay, reduce or cancel orders.
- Working-capital requirements can rise when project expenses precede customer payments.
- Project execution, regulatory approvals and contract timelines can affect profitability.
- Competition, technology changes and execution risks may affect the company's position in environmental infrastructure markets.
SFC Environmental Technologies Financials (₹ Cr)
SFC Environmental Technologies reported revenue from operations of approximately ₹803.6 crore and profit after tax of approximately ₹154.4 crore for FY2026, according to reported IPO financial information. For FY2025, consolidated revenue from operations was approximately ₹697.86 crore and profit after tax was approximately ₹152.01 crore. The figures indicate higher revenue and a moderate increase in profit in FY2026. Financial values should be matched to the final RHP's audited consolidated statements before publication.
| Period | Revenue | PAT | Total Assets | Net Worth |
|---|---|---|---|---|
| FY2026 | 803.60 | 154.40 | 1,323.43 | 804.17 |
| FY2025 | 697.86 | 152.01 | 999.47 | 648.68 |
| FY2024 | 676.74 | 144.17 | 904.94 | 534.30 |
| FY2023 | 519.45 | 94.81 |
KPIs & Valuation
The IPO price band is ₹313–₹330 per equity share, with a face value of ₹2. The company is raising fresh capital alongside an OFS by existing shareholders. Valuation measures such as EPS, P/E, RoNW, ROCE and NAV should be calculated from the financial period and post-issue share capital disclosed in the final RHP. They should not be estimated from a different financial period or from unverified share-count assumptions.
Objects of the Issue
SFC Environmental Technologies proposes to raise ₹150 crore through the fresh issue component of its IPO. The funds are intended to support the company's financial and operating requirements. The OFS component, comprising 1,56,82,750 equity shares, is an offer by existing shareholders and does not constitute fresh capital for the company. The reported uses of the fresh issue proceeds include:
- Repayment of certain borrowings.
- Funding working-capital requirements.
- General corporate purposes.
- The reported allocation includes approximately ₹42.2 crore towards repayment of debt and ₹74.9 crore towards working capital, with the remaining amount earmarked for general corporate purposes. The final prospectus should be used for the exact amount and wording of each object.
Promoters, Lead Managers & Registrar
SFC Environmental Technologies Limited is promoted by members of the Asolkar family and other promoter-group members. The IPO's reported book-running lead managers are IIFL Capital Services Limited, JM Financial Limited and Nuvama Wealth Management Limited. MUFG Intime India Private Limited is the registrar to the issue.
Promoters
Lead Managers (BRLM)
Registrar
| Name | MUFG Intime India Private Limited |
|---|---|
| Phone | +91 8108114949 |
| sfcenvironmental.ipo@in.mpms.mufg.com | |
| Website | https://in.mpms.mufg.com/ |
SFC Environmental Technologies IPO Review
SFC Environmental Technologies operates in the environmental infrastructure sector, where demand is supported by wastewater treatment, water recycling, sewage management and solid waste processing requirements. Its experience in environmental engineering and range of treatment technologies provide a business base across several related market segments.
The reported order book across wastewater treatment, wastewater recycling and reuse, and solid waste treatment offers visibility into future project activity. The company's reported FY2026 revenue and profit also increased over FY2025, indicating growth in its recent financial performance. However, order-book value alone does not guarantee revenue recognition, profitability or cash collection.
Investors should also assess project execution, working-capital requirements, customer concentration, borrowings and the valuation implied by the final IPO price. The issue includes an OFS as well as a fresh issue, so a portion of the total offer proceeds will go to selling shareholders rather than to the company. A balanced assessment should therefore consider the company's financial statements, risk factors and final offer-document disclosures before making an investment decision.
How to Apply
SFC Environmental Technologies IPO applications can generally be submitted through ASBA via a bank or through a supported broker or UPI-enabled IPO application process. Applications must be made during the official bidding window and in accordance with the final RHP's lot size, price band and investor-category limits.
Through UPI
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Log in to your stockbroker's app or website.
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Open the IPO section.
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Select SFC Environmental Technologies IPO.
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Enter the number of lots permitted for your investor category, using the official lot size.
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Select the bid price within the announced price band. Eligible retail applicants may use the cut-off option where available.
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Enter your valid UPI ID.
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Submit the IPO application.
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Open your UPI app when the mandate request arrives.
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Approve the mandate using your UPI PIN before the mandate deadline.
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The application amount will be blocked in your bank account. If shares are allotted, the required amount will be debited; otherwise, the blocked funds will be released according to the applicable process.
Prospectus & Documents
Investors should refer to the official Draft Red Herring Prospectus (DRHP), Red Herring Prospectus (RHP), corrigenda and other offer documents for complete details about the business, financial performance, risk factors, issue structure, promoter shareholding and use of proceeds. The company publishes its IPO documents through its official investor-relations website. The RHP should take precedence over earlier draft disclosures wherever the information has changed.
Last updated Oct 21, 2026.