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SFC Environmental Technologies Ltd IPO

SFC Environmental Technologies Ltd IPO

We are an environmental technology company offering technologies and comprehensive engineering solutions in the field of wastewater treatment, wastewater recycling and reuse & solid waste treatment. Our core operations include providing design, technology, manufacturing, supply and supervision for installation and commissioning of equipment for treatment of wastewater and providing tertiary treatment solution for wastewater recycling and reuse. With 639 installations in the WWT segment, as of March 31, 2025, particularly in sewage treatment plants (STPs), we hold over 80% market share in sequencing batch reactor (SBR) technology, a key wastewater treatment method in India. We also offer technology solutions for SWT plants comprising of design, engineering, financing, construction, supply and installation, commissioning, performance run, turnkey solutions and operations and maintenance. We are among the select few players who have leveraged global technology in the municipal solid waste space and transformed it to be suitable for Indian needs.

SFC Environmental Technologies Ltd IPO Details

Total Shares Offered

₹ 2,02,28,204

Offer to Public

1,56,82,750

Retail Max (Shares)

₹ 70,79,871

Pre Issue Promoters Holding

₹ 4,22,53,836

Exchange

BSE

Issue size

₹ 667.53 Cr

IPO Open Date

Oct 27, 2026

Close Date

Oct 29, 2026

Lot Size

45

Min Investment

₹ 14,085

Issue Type

Book Building

Listing Date

Nov 3, 2026

SFC Environmental Technologies Ltd IPO Dates

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Oct 27, 2026
Opening date
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Oct 29, 2026
Closing date
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Oct 30, 2026
Basis of Allotment
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Nov 2, 2026
Initiation of Refunds
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Nov 2, 2026
Credit of Shares
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Nov 3, 2026
Listing date

Details

SectorType
SectorEngineering - Turnkey Services
Sub SectorNA
Issue TypeBook Building

Subscription Status

*Values are in Lakhs

Investor Type

QIB
NII
Retail
Employee
Total

SFC Environmental Technologies Ltd Financial Status

Income Statement

Particulars (In Rs. Crores)

Balance Sheet

Particulars (In Rs. Crores)
Particulars (in Rs. Crores)FY23FY22FY21
Revenue from operations803.63697.86657.50
EBITDA217.48192.59196.52
PAT134.14129.57134.68
Total Assets837.59612.45609.95
Share Capital18.6818.686.23
Total Borrowings232.27107.19107.74
Operating Activities (Net Cash)152.67138.14141.68
Investing Activities (Net Cash)126.1482.2159.97
Financing Activities (Net Cash)232.27107.19107.74
Net Cashflow102.47108.68173.12

About SFC Environmental Technologies Ltd

Our Company was originally incorporated as `SFC Environmental Technologies Private Limited' at Mumbai, Maharashtra as a private limited company under the Companies Act, 1956, pursuant to a certificate of incorporation dated March 29, 2005, issued by the Registrar of Companies, Maharashtra at Mumbai (RoC). Thereafter, our Company was converted from a private limited company to a public limited company, pursuant to a resolution passed in the extraordinary general meeting of our Shareholders held on June 29, 2024 and the name of our Company was changed to `SFC Environmental Technologies Limited' and a fresh certificate of incorporation dated August 13, 2024, was issued to our Company by the Registrar of Companies, Central Processing Centre.

India's wastewater treatment market is growing due to opportunities in the industrial and municipal sectors. Market growth is driven by high industrial activity, economic expansion, and groundwater depletion, creating demand for effective wastewater management solutions. This industry has maintained a 5.4% CAGR between FY2020 and FY2025 and is projected to accelerate to 9.6% growth between FY2025 and FY2030E. The Indian tertiary treatment market is projected to rise sharply to Rs.49.24 billion by FY2030F, registering a strong CAGR of 30.26% between FY2025 and FY2030F. Municipal Solid Waste (MSW) has multiple revenue potentials from sales of compressed biogas, electricity, recyclables, and compost. The revenue potential is likely to increase to Rs.303.00 billion by FY2030, growing at a CAGR of 8.5%.

We are an environmental technology company offering technologies and comprehensive engineering solutions in the field of wastewater treatment, wastewater recycling and reuse & solid waste treatment. Our core operations include providing design, technology, manufacturing, supply and supervision for installation and commissioning of equipment for treatment of wastewater and providing tertiary treatment solution for wastewater recycling and reuse. With 639 installations in the WWT segment, as of March 31, 2025, particularly in sewage treatment plants (STPs), we hold over 80% market share in sequencing batch reactor (SBR) technology, a key wastewater treatment method in India. We also offer technology solutions for SWT plants comprising of design, engineering, financing, construction, supply and installation, commissioning, performance run, turnkey solutions and operations and maintenance. We are among the select few players who have leveraged global technology in the municipal solid waste space and transformed it to be suitable for Indian needs.

Peer Comparison:

  • SFC Environmental Techs. Ltd.
  • Thermax Ltd
  • Praj Industries Ltd
  • Ion Exchange (India) Ltd

SFC Environmental Technologies Ltd Key Points

Strengths

Technology driven market leadership as a key player in the wastewater treatment market.

Vertical integration through constant innovation and use of technology.

Well-positioned to capture market opportunities in the solid waste treatment segment.

High proportion of repeat business with strong order book.

Track record of consistent performance and strong financial profile.

Risk

The company's revenues and operations are dependent upon technology. Failures of these technologies, failures to upgrade or innovate these technologies or failures to identify and develop new technologies could have an adverse impact on the company's results of operations. The company's products may be displaced by newer technology and any inability or failures to adapt to technological developments, the evolving competitive landscape or industry trends could harm the company's business and competitiveness.

The company derives a substantial portion of its revenues from the WWT and SWT segments which together accounted for 88.22%, 84.98%, 84.34% and 87.40% of the company's consolidated revenue from operations in the three months period ended June 30, 2026, Fiscals 2026, 2025 and 2024, respectively. The company is significantly dependent on projects, contracts or works awarded or funded by government entities, either directly or through its private customers. The company's revenue from operations directly or indirectly attributable to government entities or government tenders represented 91.97%, 92.35%, 92.40% and 95.72% of its consolidated revenue from the WWT segment for the three months period ended June 30, 2026, Fiscals 2026, 2025 and 2024, respectively and 100.00% in the three months period ended June 30, 2026 and 100.00% of the company's consolidated revenue from SWT segment for each of the Fiscals 2026, 2025 and 2024. Any reduction or termination in such projects or adverse change in government policies could adversely affect its business, results of operations and financial condition.

The company derives a significant part of its revenue from the company's top 10 customers and the company does not have long term contracts with most of these customers. If one or more of such customers choose not to source their requirements from the company or to terminate its long-term contracts, the company's business, results of operations and financial condition may be adversely affected.

Strategy

Expansion of our SWT business through large-scale SWT projects and expansion into agro-waste projects.

Forward integration with innovative technologies for recycling and reuse of wastewater.

Further Strengthening Our Core Wastewater Treatment Business.

Acquisitions and expansion in new geographies while strengthening our presence in existing geographies.

Enhance our research and development capabilities to increase commercialized technological offerings.

How To Apply for SFC Environmental Technologies Ltd IPO Online?

Step 1:

Log in to the BlinkX stock market app and click ‘IPO’ in the Xplore section.

Step 2:

From the list of open IPOs, select the IPO you want to invest.

Step 3:

Go through the IPO details like lot size, price band, about the company, etc.

Step 4:

Click ‘Apply IPO’ to apply and enter the number of lots and bidding price along with your UPI ID.

Step 5:

Confirm your bid and accept the payment mandate sent to your UPI App for completing the IPO application.

FAQs on IPO (Initial Public Offering)

What is the issue size of the SFC Environmental Technologies Ltd IPO?

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SFC Environmental Technologies Ltd's IPO offers shares for up to 150 It begins on Oct 27, 2026 and ends on Oct 29, 2026.

What is the price of the SFC Environmental Technologies Ltd IPO?

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The price of SFC Environmental Technologies Ltd IPO ranges between ₹313 to ₹330 per share.

What are the open and close dates for the SFC Environmental Technologies Ltd IPO?

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The SFC Environmental Technologies Ltd IPO opens on Oct 27, 2026 and closes on Oct 29, 2026.

When will the SFC Environmental Technologies Ltd IPO be allotted?

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The allotment for the SFC Environmental Technologies Ltd IPO will be finalised on Oct 30, 2026. The shares will be listed on BSE and NSE on Nov 3, 2026.

What is the minimum lot size required for SFC Environmental Technologies Ltd IPO?

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The minimum lot size for SFC Environmental Technologies Ltd IPO is 45 shares, priced between ₹313 to ₹330 per share.

What is the GMP of SFC Environmental Technologies Ltd IPO?

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The GMP (Grey Market Premium) of SFC Environmental Technologies Ltd IPO fluctuates based on market demand and sentiment.

How do you check the allotment status of SFC Environmental Technologies Ltd IPO?

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To check the allotment status of SFC Environmental Technologies Ltd IPO, visit the registrar's website, select the IPO, enter your PAN Card number, Application Number, or DP Client ID, and click 'search.'

Where is the SFC Environmental Technologies Ltd IPO getting listed?

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The SFC Environmental Technologies Ltd IPO is getting listed on the BSE and NSE. Bidding opens on Oct 27, 2026, and closes on Oct 29, 2026. The allotment is finalised on Oct 30, 2026.

How do you apply for the SFC Environmental Technologies Ltd IPO?

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To apply for the SFC Environmental Technologies Ltd IPO, download the BlinkX app, complete KYC, select the IPO, enter bid details, and submit. Verify UPI payment for shares allotment.