IPO Details
| IPO Date | 27 to 29 Oct, 2026 |
| Listing Date | Tue, Nov 3, 2026 |
| Face Value | 2 per share |
| Price Band | 313 to 330 |
| Lot Size | 45 Shares |
| Sale Type | Fresh capital cum OFS |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Total Issue Size | 2,02,28,204 shares (agg. up to ₹ 668 Cr) |
| Fresh Issue | 45,45,454 shares (agg. up to ₹ 150 Cr) |
| Offer for Sale | 1,56,82,750 shares of ₹ 2 (agg. up to ₹ 518 Cr) |
| Share Holding Pre Issue | 9,34,11,270 shares |
| Share Holding Post Issue | 9,79,56,724 shares |
IPO Important Dates
| IPO Open | Tue, Oct 27, 2026 |
| IPO Close | Thu, Oct 29, 2026 |
| Allotment | Fri, Oct 30, 2026 |
| Refund | Mon, Nov 2, 2026 |
| Credit of Shares | Mon, Nov 2, 2026 |
| Listing | Tue, Nov 3, 2026 |
IPO Lot Size
| Retail (Min) | 1 | 45 | ₹14,850 |
| Retail (Max) | 13 | 585 | ₹1,93,050 |
| S-HNI (Min) | 14 | 630 | ₹2,07,900 |
| S-HNI (Max) | 67 | 3015 | ₹9,94,950 |
| B-HNI (Min) | 68 | 3060 | ₹10,09,800 |
Financial Information
| Assets | 1,224.56 | 1,323.43 | 999.47 | 904.94 |
| Total Income | 137.90 | 821.27 | 726.96 | 676.74 |
| Profit After Tax | 1.48 | 160.21 | 152.01 | 144.17 |
| EBITDA | 9.86 | 235.81 | 207.48 | 193.25 |
| NET Worth | 805.49 | 804.17 | 648.68 | 534.30 |
| Reserves and Surplus | 784.14 | 782.63 | 628.54 | 526.41 |
| Total Borrowing | 204.77 | 195.64 | 83.71 | 139.16 |
Key Performance Indicator
| ROE | 0.18% |
| ROCE | 0.72% |
| Debt/Equity | 0.25 |
| RoNW | 0.19% |
| PAT Margin | 1.11% |
| EBITDA Margin | 7.36% |
| NAV | 86.23 |
| P/B (x) | |
Peers Comparison
| SFC Environmental Technologies Limited | 16.52 | 16.52 | 86.09 | | 21.25 | | Consolidated |
| Thermax Ltd. | 63.95 | 63.94 | 492.55 | 52.01 | 13.74 | 6.76 | Consolidated |
| Praj Industries Ltd. | 1.30 | 1.30 | 71.22 | 220.77 | 1.77 | 4.04 | Consolidated |
| Ion Exchange India Ltd. | 12.03 | 12.03 | 91.30 | 31.34 | 11.20 | 4.14 | Consolidated |
Information about company
Incorporated in March 2005, SFC Environmental Technologies Limited is an environmental technology company engaged in providing technology, design, engineering, manufacturing, supply, installation and commissioning solutions for wastewater treatment (“WWT”), wastewater recycling and reuse (“WRR”), and solid waste treatment (“SWT”). The Company’s wastewater treatment business is primarily based on its proprietary C-Tech technology, an advanced sequencing batch reactor (“SBR”) process used in sewage treatment plants and industrial effluent treatment. Its solutions include technology packages, equipment, automation systems, installation, commissioning and related services. As of July 31, 2026, the Company had commissioned 728 wastewater treatment installations and its technologies facilitated the treatment of 17,511.11 million litres of wastewater per day. It has also expanded into wastewater recycling and reuse through ultrafiltration (“UF”), closed circuit reverse osmosis (“CCRO”) and membrane bioreactor (“MBR”) technologies, supported by an exclusive supply arrangement with DuPont for selected products in India.
The Company’s solid waste treatment business is based on its proprietary Organic Extraction (“OREX”) technology, designed to separate biodegradable organic matter from mixed municipal waste to support biogas generation and resource recovery. It provides end-to-end solutions covering design, engineering, construction, equipment supply, commissioning and operations and maintenance. The Company operates two integrated solid waste treatment facilities in Goa with an aggregate treatment capacity of up to 425 tonnes per day. Through its subsidiary, it has also secured orders for compressed biogas plants in Assam and Odisha, with cumulative order value of ₹5,017 million, and has expanded into projects involving agricultural waste and biomass.
The Company operates across 23 states and five Union Territories in India, with a business model involving technology supply, engineering solutions, project execution and operations and maintenance. Its customer relationships include engineering, procurement and construction companies, municipal bodies and government-owned entities. The Company’s growth strategy includes expanding its wastewater recycling and reuse capabilities and pursuing opportunities in solid waste treatment, compressed biogas and waste-to-energy projects.
As of August 31, 2026, the Company had 264 employees, including 149 engineers, supported by teams across design and engineering, electrical and instrumentation, erection and commissioning, manufacturing, proposals, sales, finance and other functions.
Competitive Strengths
Objectives of IPO
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
#: Issue Objects
1: Prepayment of all or a portion of certain outstanding borrowings availed by Company and wholly owned Subsidiary, namely Vasudha Waste Treatment Pvt.Ltd.
2: Funding working capital requirements
3: General Corporate Purposes
: Total
Disclaimer
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No financial information whatsoever published anywhere, within this application, should be considered as advice to buy or sell securities or invest in IPOs, or as a guide to doing so in any way whatsoever
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Day Wise GMP
| 21-10-2026 | 330 | 31 (9.39%) | 361 |
IPO Reservation
| QIB | Not more than 50% of the Net Offer |
| Retail | Not less than 35% of the Net Offer |
| NII | Not less than 15% of the Net Offer |