SFC Environmental IPO
UpcomingMainboardOpens 27 October 2026Closes 29 October 2026
Incorporated in 2005, SFC Environmental Technologies Limited provides advanced technologies and integrated engineering solutions for wastewater treatment (WWT), wastewater recycling and reuse (WRR), and solid waste…
Incorporated in 2005, SFC Environmental Technologies Limited provides advanced technologies and integrated engineering solutions for wastewater treatment (WWT), wastewater recycling and reuse (WRR), and solid waste treatment (SWT). Its proprietary 'C-Tech Cyclic Activated Sludge Technology' holds an approximately 80% market share in India's SBR-based wastewater treatment segment. The company also specializes in Organic Extraction (OREX) technology for processing municipal solid waste. With operations spanning design, financing, manufacturing, supply, construction, turnkey project execution, and O&M, SFC serves institutional, municipal, and industrial clients through a B2B model.
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Key ratios
As per RHP / filingsTimeline
IPO Opens
27 Oct 2026
IPO Closes
29 Oct 2026
Allotment
30 Oct 2026
Listing
3 Nov 2026
IPO Timeline & Listing Details
| Event | Date |
|---|---|
| IPO Open Date | 27 October 2026 |
| IPO Close Date | 29 October 2026 |
| Allotment Date | 30 October 2026 |
| Listing Date | 3 November 2026 |
Investment Categories
| Category | Lots | Amount |
|---|---|---|
Retail (Min) | 1 | ₹14,850 |
Retail (Max)Just less than ₹2,00,000 | 13 | ₹1,93,050 |
SHNI (Min)Just above ₹2,00,000 | 14 | ₹2,07,900 |
SHNI (Max)Below ₹10,00,000 | 67 | ₹9,94,950 |
BHNIAbove ₹10,00,000 | 68 | ₹10,09,800 |
IPO Reservation Details
| Category | Reservation |
|---|---|
| QIB (Qualified Institutional Buyer) | 50.00% |
| NII (Non-Institutional Investor) | 15.00% |
| SHNI (Small Non-Institutional Investor) | 5.00% |
| BHNI (Big Non-Institutional Investor) | 10.00% |
| Retail | 35.00% |
| Total | 100.00% |
IPO Objectives
- Prepayment of all or a portion of certain outstanding borrowings availed by the Company and its wholly owned Subsidiary, Vasudha Waste Treatment Pvt. Ltd. (estimated at ₹42.23 Crore).
- Funding working capital requirements (estimated at ₹74.92 Crore).
- General Corporate Purposes.
Strengths
- A robust technology-led market position with ~80% market share in India's Sequencing Batch Reactor (SBR)-based wastewater treatment sector.
- Demonstrated technological integration with proprietary systems like 'C-Tech' and 'OREX', fostering operational efficiency and turnkey execution capabilities.
- High degree of revenue visibility stemming from a substantial order book and a track record of repeat business from key B2B infrastructure clients.
- Strong profitability metrics with a 21.25% RoNW and ~29% EBITDA margin in FY26, alongside a healthy balance sheet holding minimal debt.
Weaknesses
- Revenues exhibit strong seasonality, with a disproportionately high share of revenue generated in the second half of the fiscal year due to government budget release cycles.
- Significant dependence on contracts funded directly or indirectly by central and state government entities, making operations vulnerable to policy changes and budgetary constraints.
- Elongated cash conversion cycle (242 days in FY26) due to high trade receivable days, placing a continuous requirement on substantial working capital.
- Exposed to technology obsolescence risk; failure to continuously innovate or adapt to emerging environmental regulations (like the draft Liquid Waste Management Rules) could harm long-term competitiveness.
Financial Performance
| Period Ended | 30 Jun 2026 | 31 Mar 2026 | 31 Mar 2025 | 31 Mar 2024 |
|---|---|---|---|---|
| Assets (₹ Cr.) | 1,224.56 | 1,323.43 | 999.47 | 904.94 |
| Revenue (₹ Cr.) | 137.9 | 821.27 | 726.96 | 676.74 |
| PAT (₹ Cr.) | 1.48 | 160.21 | 152.01 | 144.17 |
| Net Worth (₹ Cr.) | 805.49 | 804.17 | 648.68 | 534.3 |
Peer Comparison
| Company | P/B Ratio | P/E Ratio | RONW (%) | Net Worth (₹ Cr.) |
|---|---|---|---|---|
| SFC Environmental | 3.83 | 20.18 | 21.25% | 804.17 |
| Ion Exchange India Ltd. | 3.85 | 52.71 | 10.65% | 1,340 |
| Thermax Ltd. | 6.75 | 63.47 | 12.98% | 5,579 |
Subscription Details
No daily bids available.
No subscription statistics available.
Company Details
- SFC Environmental Technologies Limited
- Corporate Office: 2201-2202, Rupa Renaissance, D-33, Turbhe MIDC Road, TTC Industrial Area, MIDC Industrial Area, Turbhe, Navi Mumbai 400 705, Maharashtra, India
- +91 22 4482 2717
- compliance@sfcenv.com
- https://www.sfcenvironment.com
Registrar Details
- MUFG Intime India Private Limited
- +91 810 811 4949
- sfcenvironmental.ipo@in.mpms.mufg.com
- https://www.in.mpms.mufg.com
Frequently Asked Questions
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What is the price band and minimum lot size for retail investors?
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SFC Environmental IPO News & Updates
Follow the latest updates for SFC Environmental IPO, including grey market moves and allotment news.
SFC Environmental IPO IPO Pages
Open related pages for this IPO: details, GMP, subscription, allotment, review, FAQ, registrar, timeline, and news.
SFC Environmental IPO Details
Issue size, price, financials, and company info
SFC Environmental IPO GMP
Live grey market premium and listing estimate
SFC Environmental IPO Subscription
QIB, NII, Retail, SHNI and BHNI subscription
SFC Environmental IPO Allotment
Allotment date, chances, and check by PAN
SFC Environmental IPO Review
SWOT, strengths, risks, and IPO review
SFC Environmental IPO FAQ
Common questions on dates, GMP, and allotment
SFC Environmental IPO Registrar
Registrar website and how to check allotment
SFC Environmental IPO Timeline
Open, close, allotment, and listing dates
SFC Environmental IPO News
Updates, blogs, and latest IPO news
Sources
We match SFC Environmental IPO IPO numbers with official sources. For final dates and allotment results, double-check the registrar or exchange.
- SEBIRules for IPO allotment and disclosures in India
- NSEExchange notices, bidding data, and listing updates
- BSEExchange notices and IPO allotment check tools
- RHP / Offer DocumentCheck the company RHP on NSE/BSE or the IPO detail page
- MUFG Intime India Private LimitedOfficial site to check allotment status for this IPO
Also read our Editorial Policy, How GMP is calculated, How allotment chances work, and IPO fund allocation.
Reviewed by
Dinesh Agrawal · Lead IPO Analyst
15+ years in Indian markets and IPO research. He reviews IPO dates and key details before they go live.