SE
SFC Environmental Technologies Limited IPO
Wastewater & Solid Waste Treatment · Proprietary C-Tech & OREX Technology · Navi Mumbai, Maharashtra
📋 Mainline IPO
Fresh + OFS
BSE, NSE
₹330
Upper Price
₹667.53 Cr
Issue Size
Nov 3, 2026
Listing Date
₹3,232.57 Cr
Market Cap (Post)
📅 IPO Timetable
All dates tentative🟢
IPO Opens
Tuesday, 27 October 2026
Bidding starts — apply before close
🔒
IPO Closes
Thursday, 29 October 2026
Last day to bid — closes at 5:00 PM IST
📊
Basis of Allotment
Friday, 30 October 2026
Allotment finalised by registrar
🔄
Refund & Share Credit
Monday, 2 November 2026
Unallotted funds returned; shares credited to demat
🏷️
Tuesday, 3 November 2026
Trading begins on BSE & NSE from 10:00 AM IST
📋 IPO Details
IPO Open Date27 October 2026 (Tue)
IPO Close Date29 October 2026 (Thu)
Listing Date3 November 2026 (Tue)
Face Value₹2 per share
Price Band₹313 to ₹330
Issue Price (Upper Band)₹330 per share
Issue TypeBook Build — Fresh + OFS
Lot Size45 shares (Min App: 1 Lot / 45 Shares)
Total Issue Size2,02,28,204 shares (₹667.53 Cr)
Fresh Issue45,45,454 shares (₹150.00 Cr)
Offer for Sale (OFS)1,56,82,750 shares (₹517.53 Cr)
Pre-Issue Shares9,34,11,270
Post-Issue Shares9,79,56,724
Promoter Holding (Pre → Post)48.18% → 41.18%
Market Cap (Pre-IPO)₹3,082.57 Cr
Market Cap (Post-IPO)₹3,232.57 Cr
Listing ExchangeBSE, NSE
Lead ManagersIIFL Capital, JM Financial, Nuvama Wealth
RegistrarMUFG Intime India Pvt.Ltd.
💰 Lot Size & Minimum Investment
At upper price ₹330| Investor Type | Lots | Shares | Amount |
|---|---|---|---|
| Retail — Minimum | 1 | 45 | ₹14,850 |
| Retail — Maximum | 13 | 585 | ₹1,93,050 |
| S-HNI (sNII) — Min | 14 | 630 | ₹2,07,900 |
| S-HNI (sNII) — Max | 67 | 3,015 | ₹9,94,950 |
| B-HNI (bNII) — Min | 68 | 3,060 | ₹10,09,800 |
⚠️ Note: Investors can bid for a minimum of 45 shares and in multiples thereof. Retail investors can apply for up to 13 lots (585 shares).
👥 Investor Reservation
Allocated portion of Net OfferMax 50%
QIB Portion
Min 35%
Retail Portion
Min 15%
NII Portion
📊 Subscription Status
Loading…
📈 Company Financials
Restated Consolidated · ₹ Crore| Metric | 30 Jun 2026 | 31 Mar 2026 | 31 Mar 2025 | 31 Mar 2024 |
|---|---|---|---|---|
| Total Assets | 1,224.56 | 1,323.43 | 999.47 | 904.94 |
| Total Income | 137.90 | 821.27 | 726.96 | 676.74 |
| PAT | 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 & Surplus | 784.14 | 782.63 | 628.54 | 526.41 |
| Total Borrowing | 204.77 | 195.64 | 83.71 | 139.16 |
Income Growth
FY 2023–24₹676.74 Cr
FY 2024–25₹726.96 Cr
FY 2025–26₹821.27 Cr
🎯 Key Performance Indicators
21.55%
ROE (Mar 26)
0.18% (Jun 26)
0.24
Debt/Equity (Mar 26)
0.25 (Jun 26)
22.21%
ROCE (Mar 26)
0.72% (Jun 26)
19.94%
PAT Margin (Mar 26)
1.11% (Jun 26)
29.34%
EBITDA Margin (Mar 26)
7.36% (Jun 26)
21.25%
RoNW (Mar 26)
0.19% (Jun 26)
3.83x
Price/Book
At upper price ₹330
₹86.09
NAV (Mar 26)
₹86.23 (Jun 26)
⚖️ Valuation & EPS
Pre-IPO EPS
₹17.15
FY26 earnings + pre-issue shares
P/E: 19.24xPost-IPO EPS
₹0.61
Annualised post-issue basis
P/E: 540.98xPrice to Book Value
3.83x
At upper price band ₹330
Market Cap
₹3,232.57 Cr
At upper offer price ₹330
ℹ️
Pre-IPO EPS (₹17.15) is calculated using pre-issue equity of 9,34,11,270 shares and restated FY26 PAT of ₹160.21 Cr. Post-issue EPS (₹0.61) utilizes the annualized Q1 FY27 earnings of ₹1.48 Cr applied to an expanded post-issue base of 9,79,56,724 shares following the fresh issuance. Market Capitalisation at the upper price band of ₹330 stands at ₹3,232.57 Cr.
🎯 Objects of the Issue
Net fresh proceeds utilisation1
Prepayment of all or a portion of certain outstanding borrowings availed by Company and wholly owned Subsidiary, namely Vasudha Waste Treatment Pvt.Ltd.
₹42.23 Cr
2
Funding working capital requirements
₹74.92 Cr
3
General Corporate Purposes
Balance
Total Net Proceeds Goal
₹117.15 Cr
🏢 About SFC Environmental Technologies Ltd.
Est. 2005 · Navi Mumbai, Maharashtra · Environmental Solutions & Wastewater TreatmentSFC Environmental Technologies Limited, incorporated in March 2005, is an integrated environmental technology company specializing in the design, engineering, supply, and commissioning of turnkey solutions for Wastewater Treatment (WWT), Wastewater Recycling & Reuse (WRR), and Solid Waste Treatment (SWT). The company leverages its proprietary C-Tech technology—an advanced sequencing batch reactor (SBR) process commanding an 80% market share in India—to efficiently manage municipal sewage and industrial effluents. By July 2026, SFC had commissioned 728 installations treating 17,511.11 million litres of wastewater daily.
The business has also expanded its capabilities into advanced WRR sectors, employing ultrafiltration (UF), membrane bioreactors (MBR), and closed-circuit reverse osmosis (CCRO) technologies, bolstered by an exclusive supply agreement with DuPont. In solid waste, SFC deploys its proprietary OREX (Organic Extraction) technology to segregate biodegradable waste for biogas generation and resource recovery, actively operating two integrated facilities in Goa managing up to 425 tonnes per day. Beyond core treatment, the company is securing major projects in compressed biogas (CBG) in Assam and Odisha with a cumulative order value of ₹501.7 crore. Operating across 23 states, the company serves municipalities, EPC contractors, and government entities, driven by a dedicated workforce of 264 employees.
Brand Ecosystem
💧
C-Tech SBR Technology
Proprietary wastewater sequencing batch reactor process treating over 17,511 MLD across 728 installations.
⚡
OREX Solid Waste Systems
Advanced organic extraction platform converting municipal waste into biogas and recovered resources.
⚒️
Turnkey Engineering Solutions
End-to-end design, execution, and long-term O&M services for public and private municipal utilities.
🤝
DuPont Collaboration
Exclusive supply partnership integrating advanced MBR and UF technologies for intensive wastewater recycling.
Competitive Strengths
🏆Undisputed market leader with an 80% share in India’s SBR wastewater technology segment.
📊High revenue visibility anchored by a robust order book and an exceptional 91.98% repeat-customer revenue in FY26.
🔬Diversified technological edge combining proprietary C-Tech and OREX systems with high-end DuPont filtration solutions.
📈Solid operational scale delivering ₹821.27 Cr in FY26 revenue with strong 21.55% ROE margins.
Company Promoters
SA
Sandeep Sudhakar Asolkar, Priya Sandeep Asolkar & Prachiti Sandeep Asolkar
Promoters, SFC Environmental Technologies Ltd.
SD
Saketchandrasingh Pratapsingh Dhandoriya
Promoter, SFC Environmental Technologies Ltd.
Key Selling Shareholders (OFS)
Saketchandrasingh Pratapsingh Dhandoriya37,36,000 Shares (₹123.29 Cr)
Sarvesh Kumar Garg35,65,000 Shares (₹117.65 Cr)
Sandeep Sambhaji Parab21,36,000 Shares (₹70.49 Cr)
Rajesh Kesavan Nambisan21,36,000 Shares (₹70.49 Cr)
Sandeep Sudhakar Asolkar & Priya Sandeep Asolkar9,34,000 Shares (₹30.82 Cr)
📅 Key Dates
IPO Opens27 Oct 2026
IPO Closes29 Oct 2026
Allotment30 Oct 2026
Refund & Share Credit2 Nov 2026
Listing Day3 Nov 2026
💡 Quick Summary
Price Band₹313 – ₹330
Upper Price₹330 / share
Lot Size45 shares
Min. Investment (Retail)₹14,850 (1 Lot)
Issue Size₹667.53 Cr
ListingBSE, NSE
🏦 Registrar & Lead Manager
Lead Managers
IIFL Capital Services Ltd.
JM Financial Ltd.
Nuvama Wealth Management Ltd.
JM Financial Ltd.
Nuvama Wealth Management Ltd.
📍 Registered Address
SFC Environmental Technologies Ltd.
The Ambience Court, Hi-Tech Business Park,
21st Sector 19-D, Plot No. 2, Vashi,
Navi Mumbai, Maharashtra — 400705
📞 22 4482 2717
[email protected]
The Ambience Court, Hi-Tech Business Park,
21st Sector 19-D, Plot No. 2, Vashi,
Navi Mumbai, Maharashtra — 400705
📞 22 4482 2717
[email protected]
🛡️ Regulatory Note: Mainline IPO investments are subject to SEBI regulations. Always read the Prospectus/RHP before applying. Consult a SEBI-registered advisor before investing.
⚠️
Disclaimer: This page presents publicly available information from the SFC Environmental Technologies IPO RHP for informational purposes only. This format is generated adhering to the required structure as specified in the IPO NEW FORMAT source file. It does not constitute investment advice. IPO investments are subject to market risk. Please read all offer documents and consult a SEBI-registered advisor before investing.
📊
Track SFC Environmental Technologies IPO: Price Band, GMP, Dates, Lot Size & Review GMP
Check real-time grey market premium, daily GMP history & estimated listing price.
Check GMP →