SFC Environmental Technologies

SFC Environmental Technologies

LIVE

IPO Date: 27 Oct - 29 Oct 2026

Listing Date: 3 Nov 2026

Price Range

₹313 to ₹330

Issue Size

668 Cr

Min Investment

₹14,085

Min Application

45 Shares

View IPO Document

Schedule of SFC Environmental Technologies

  1. Issue open date

    27 Oct 2026

  2. Issue close date

    29 Oct 2026

  3. UPI mandate deadline

    29 Oct 2026 (5 PM)

  4. Allotment finalization

    30 Oct 2026

  5. Share credit

    2 Nov 2026

  6. Listing date

    3 Nov 2026

  7. Mandate end date

    13 Nov 2026

Issue size

Funds Raised in the IPOAmount
Overall668 Cr
Fresh Issue45.45 Cr
Offer for Sale1.57 Cr

Allotment DetailsNew

Allotment TimelineDetails
Allotment Date30 Oct 2026
Allotment Link{Link}

Grey Market Premium

New

Grey Market Premium (GMP) is the premium at which the shares are traded in the grey market. It gives a fair idea about the listing price of the IPO shares. The GMP can be positive or negative based on the demand and supply of the shares in the grey market.

DateIPO PriceGMPEst. Listing Price
26 Oct 2026Latest₹330₹22₹352(+6.67%)
25 Oct 2026₹330₹32₹362(+9.7%)
24 Oct 2026₹330₹32₹362(+9.7%)
23 Oct 2026₹330₹21₹351(+6.36%)
22 Oct 2026₹330₹21₹351(+6.36%)
21 Oct 2026₹330₹31₹361(+9.39%)

Performance SFC Environmental Technologies

Issue PriceListing GainCurrent Market PriceP/L
₹313 to ₹330............

About SFC Environmental Technologies

SFC Environmental Technologies Limited is an environmental technology and engineering company incorporated in 2005, specialising in wastewater treatment, wastewater recycling, and solid waste management. Its wastewater treatment business uses C-Tech sequencing batch reactor technology, while its recycling solutions include ultrafiltration, reverse osmosis, and membrane bioreactor systems. The company also uses its proprietary OREX technology to process mixed municipal solid waste and recover organic material. It supplies technology, equipment, and engineering solutions to EPC contractors, government agencies, and municipal authorities. Its operations are supported by manufacturing facilities in India and the Czech Republic.

Founded in2005
Managing directorSandeep Sudhakar Asolkar
Parent organization

Financial Overview

Strengths

5
  1. 1

    Specialised treatment technologies. The company offers wastewater treatment, recycling, and solid-waste processing technologies. Its C-Tech and OREX systems help differentiate its offerings from general engineering contractors.

  2. 2

    Established position in wastewater treatment. The company's DRHP cites a strong position in sequencing batch reactor technology in India. This technical expertise may help it compete for municipal and industrial wastewater projects.

  3. 3

    Multiple revenue streams. It earns revenue from technology supply, equipment manufacturing, engineering services, and municipal waste-treatment operations. This creates opportunities across different stages of environmental infrastructure projects.

  4. 4

    In-house manufacturing capabilities. Manufacturing components such as decanters, diffusers, blowers, control systems, and membranes supports its project execution and allows it to supply specialised equipment.

  5. 5

    Demand for environmental infrastructure. Government and municipal investment in wastewater treatment, water reuse, and solid-waste management could create opportunities for future contracts. Growing requirements for pollution control and sustainable waste processing also support long-term demand.

Risks

5
  1. 1

    Declining revenue. According to a recent draft filing dated October 2026, the company reported revenue of approximately ₹133.94 crore for the latest reported fiscal period, alongside a profit after tax of approximately ₹1.51 crore. The filing indicates a substantial decline in revenue compared with earlier periods. Investors should verify the comparative figures and reporting period in the official prospectus.

  2. 2

    Dependence on government customers. Government agencies and municipal bodies are major customers for its wastewater and solid-waste treatment businesses. Delayed tender awards, budget constraints, or late payments could affect revenue and cash flow.

  3. 3

    Customer concentration. The company's ten largest customers accounted for approximately 61.4% of FY2025 revenue, according to an analysis of its offer documents. Losing a major customer or experiencing a reduction in orders could materially affect financial performance.

  4. 4

    Project and concession renewal risk. Municipal waste-treatment operations depend on concession arrangements and agreements. The company's disclosures highlight that its North Goa and South Goa plant agreements do not automatically renew upon expiry, creating uncertainty about future revenue from these facilities.

  5. 5

    Working-capital requirements. Environmental infrastructure projects often involve substantial upfront expenditure, milestone-based payments, and lengthy customer collection cycles. High working-capital requirements can restrict cash available for new projects and daily operations.

Subscription Figures

CategorySubscription (No. of times)
Qualified Institutional Buyers (QIBs)N/A
Non-Institutional Investors (NIIs)N/A
Retail Individual Investors (RIIs)N/A
EmployeeN/A
TotalN/A