SFC Environmental Technologies IPO: dates, price band, lot size and GMP
SFC Environmental Technologies IPO opens 27 – 29 Oct 2026 on the Mainboard, price band Band awaited, lot size awaited, no GMP reported yet. Allotment 30 Oct, listing 3 Nov.
Listing date: SFC Environmental Technologies IPO is scheduled to list on 3 Nov on NSE, BSE.
Updated 20 Oct 2026, 12:10 IST. Unofficial grey-market figures, dated.
BuyUnlistedShares tracks 211 IPOs on its calendar; the SFC Environmental Technologies IPO has a price band of Band awaited, a lot of — shares and no grey-market premium reported yet as of 20 Oct 2026.
Key details
| Board | Mainboard |
|---|---|
| Issue dates | 27 – 29 Oct 2026 |
| Price band | Band awaited |
| Fresh issue | ₹150 Cr |
| Subscription | — |
| Registrar | MUFG Intime India Pvt.Ltd. |
| Lead managers | IIFL Capital Services Ltd., JM Financial Ltd., Nuvama Wealth Management Ltd. |
| Status | Upcoming |
Timeline
- Issue opens: 27 Oct
- Issue closes: 29 Oct
- Allotment: 30 Oct
- Refunds: 2 Nov
- Demat credit: 2 Nov
- Listing: 3 Nov
Issue details
| Face value | ₹2 |
|---|---|
| Issue type | Book Build Issue |
| Listing at | NSE, BSE |
| Offer for sale (shares) | 1,56,82,750 |
| Promoter holding pre-issue | 48.18% |
| Promoters | Sandeep Sudhakar Asolkar, Priya Sandeep Asolkar, Prachiti Sandeep Asolkar, Saketchandrasingh Pratapsingh Dhandoriya |
| Lead managers | IIFL Capital Services Ltd., JM Financial Ltd., Nuvama Wealth Management Ltd. |
| Registrar phone | 022-49186000 |
| Registrar email | sfcenvironmental.ipo@linkintime.co.in |
| Company website | sfcenvironment.com |
| Anchor bid date | 26 Oct 2026 |
| Anchor lock-in ends (50%) | 29 Nov 2026 |
| Anchor lock-in ends (remaining) | 28 Jan 2027 |
Reservation
| Category | Share of issue | Shares offered | Basis |
|---|---|---|---|
| QIB | — | — | Not more than 50% of the Net Offer |
| NII (HNI) | — | — | Not less than 15% of the Net Offer |
| Retail | — | — | Not less than 35% of the Net Offer |
Key ratios as of 31 Mar 2025
| RoNW | 24.36% |
|---|---|
| RoCE | 29.29% |
| RoE | 24.84% |
| PAT margin | 21.78% |
| EBITDA margin | 29.73% |
| NAV per share | ₹69.44 |
| Debt / equity | −0.08 |
Financials (₹ Cr)
| Metric | 30 Jun 2026 | FY26 | FY25 | FY24 | FY26 vs FY25 |
|---|---|---|---|---|---|
| Assets | 1,224.56 | 1,323.43 | 999.47 | 904.94 | +32.4% |
| Total Income | 137.9 | 821.27 | 726.96 | 676.74 | +13% |
| Profit After Tax | 1.48 | 160.21 | 152.01 | 144.17 | +5.4% |
| EBITDA | 9.86 | 235.81 | 207.48 | 193.25 | +13.7% |
| NET Worth | 805.49 | 804.17 | 648.68 | 534.3 | +24% |
| Reserves and Surplus | 784.14 | 782.63 | 628.54 | 526.41 | +24.5% |
| Total Borrowing | 204.77 | 195.64 | 83.71 | 139.16 | +133.7% |
About SFC Environmental Technologies
Incorporated in 2005, SFC Environmental Technologies Limited offers technologies and comprehensive engineering solutions for wastewater treatment ("WWT") and solid waste treatment ("SWT"). The company's core operations include providing design, technology, manufacturing, supply, and supervision for the installation and commissioning of wastewater treatment equipment.
The company's technologies facilitate the treatment of 14,812.86 million litres per day ("MLD") of wastewater. The company offers technology solutions for SWT plants comprising design, engineering, financing, construction, supply and installation, commissioning, performance run, turnkey solutions and operations and maintenance ("O&M").
The company's technology for solid waste treatment is Organic Extraction ("OREX"). OREX is a proprietary innovation, designed to efficiently separate biodegradable organics from inorganic materials and lignocellulosic fibres from mixed municipal waste.
The company offers wastewater treatment (WWT), wastewater recycling and reuse (WRR), and solid waste treatment (SWT). Their offering is the proprietary C-Tech Cyclic Activated Sludge Technology, an advanced Sequencing Batch Reactor (SBR) process for efficient treatment of domestic sewage and industrial effluents, known for high efficiency, low life-cycle costs, operational simplicity, and compact design.
SFC Environmental Technologies' operating divisions include wastewater treatment, WWT Business Model, and Solid waste treatment.
It is a B2B (business-to-business) company that primarily serves large-scale institutional and industrial clients. The company has commissioned approximately 639 C-Tech systems (with reported variations of 621-639 installations in the wastewater segment), treating over 15,000 million litres per day (MLD) of wastewater. It holds ~80% market share in India's SBR wastewater treatment technology.
WWT customers contributing to the majority of the revenue from operations include Enviro Control Private Limited, Vishvaraj Environment Private Limited, Khilari Infrastructure Private Limited, SMC Infrastructures Private Limited, Rajkamal Builders Infrastructure Private Limited, Ramky Infrastructure Private Limited, GVPR Engineers Limited, HNB Engineers Private Limited, Gharpure Engineering & Constructions Private Limited and more.
Objects of the issue
- 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
- Funding working capital requirements — ₹74.92 Cr
- General Corporate Purposes
Net proceeds: ₹117.15 Cr
Peer comparison
| Company | EPS (Basic) | EPS (Diluted) | NAV (₹ per share) | P/E (x) | RoNW (%) | P/BV Ratio | Financial statements |
|---|---|---|---|---|---|---|---|
| SFC Environmental Technologies Limited (issuer) | 16.52 | 16.52 | 86.09 | — | 21.25% | — | Consolidated |
| Thermax Ltd. | 63.95 | 63.94 | 492.55 | 52.01x | 13.74% | 6.76 | Consolidated |
| Praj Industries Ltd. | 1.3 | 1.3 | 71.22 | 220.77x | 1.77% | 4.04 | Consolidated |
| Ion Exchange India Ltd. | 12.03 | 12.03 | 91.3 | 31.34x | 11.2% | 4.14 | Consolidated |
Notes: All the financial information for listed industry peers mentioned above is on a consolidated basis (unless otherwise available only on standalone basis) and is sourced from the annual reports as available of the respective company for the relevant year ended March 31, 2026. P/E Ratio has been computed based on the closing market price of equity shares on BSE on October 16, 2026, divided by the Diluted EPS for the Fiscal 2026.
Strengths (per the offer document)
- Technology driven market leadership in the wastewater treatment market — The pressing issue of water scarcity amplifies the urgency for effective water management practices, driving investment in innovative treatment technologies.
- Vertical integration through constant innovation and use of technology — Our approach to vertical integration involves the development and manufacture of key components used in our C- Tech and OREX technologies.
- Well-positioned to capture market opportunities in the solid waste treatment segment — We are among the market leaders in the municipal solid waste space basis our operational results and comprehensive solutions.
- High proportion of repeat business with strong Order book — We maintain strong, long-standing relationships with our customers, as evidenced by recurring business engagements.
- Track record of consistent performance and strong financial profile — We believe that our performance is attributable to our focused approach on profitable growth, efficient working capital management, and healthy financial risk profile.
- Proven management experience and leadership — We are anchored by a strong management team, comprising our Promoters, Board of Directors, Key Managerial Personnel and Senior Management, whose extensive industry experience and leadership have…
Risk factors (as disclosed by the company)
- Our revenues and operations are dependent upon technology
- We derive a significant part of our revenue from our top 10 customers and we do not have long term contracts with most of these customers
- Our business has grown
- Our Company has experienced an increase in our cash conversion cycle and may experience longer cash conversion cycles in the future
- We have high working capital requirements, and may require additional financing to meet those requirements
- We require substantial capital expenditure / investment and working capital requirements in relation to our SWT business operations
- Our Subsidiary, SFC Umwelttechnik GmbH has been, and continues to be, involved in material legal proceedings
- Delays in receiving payment of outstanding dues from third parties may affect our financial condition and results of operations
From the DRHP (strengths pages 273–277, risk factors pages 33–34). Headings shortened; the wording is the company’s. Not a recommendation.
Offer documents: DRHP (PDF)
Track this issue
- SFC Environmental Technologies IPO GMP today and trend
- SFC Environmental Technologies IPO subscription status, day by day
- SFC Environmental Technologies IPO allotment status and how to check
Frequently asked questions
When does the SFC Environmental Technologies IPO open and close?
The issue is scheduled for 27 – 29 Oct 2026.
What is the SFC Environmental Technologies IPO price band?
The price band is Band awaited per share.
When will SFC Environmental Technologies list?
The tentative listing date is 3 Nov on the main board.
How do I apply for the SFC Environmental Technologies IPO?
Apply through your broker or bank using ASBA or UPI within the issue window; the amount stays blocked in your account until allotment. BuyUnlistedShares does not take applications; it tracks the issue and the unlisted price before it.
Sources
- Draft red herring prospectus (DRHP), SFC Environmental Technologies · as filed with SEBI · bseindia.com
- Registrar allotment page, MUFG Intime India Pvt.Ltd. · allotment 30 Oct · in.mpms.mufg.com
- NSE public issues page · listing 3 Nov · nseindia.com
- BSE public issues page · listing 3 Nov · bseindia.com
- SFC Environmental Technologies company website · sfcenvironment.com
- BuyUnlistedShares IPO record: GMP, subscription and allotment, dated daily · GMP as of 20 Oct, 04:40 · buyunlistedshares.com
How to cite this page: BuyUnlistedShares, “SFC Environmental Technologies IPO”, https://buyunlistedshares.com/ipo/sfc-environmental-technologies-ipo, as of 20 Oct 2026.
Other IPOs on the calendar
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- Paras Healthcare IPO · 21 – 23 Oct 2026
- Core4 Engineers IPO · 23 – 27 Oct 2026
- EAAA India Alternatives IPO · 26 – 28 Oct 2026
- BLS Polymers IPO · 27 – 29 Oct 2026
Indicative reference price, dated. BuyUnlistedShares is India's premium unlisted shares desk, run by Gayatri Financial Synergy LLP. In the market since 2002. Data as of 20 Oct 2026.
Guides for IPO applicants and pre-IPO holders
- The risks of buying unlisted and pre-IPO shares in India
- Unlisted Shares Lock-In Period: What Every Investor Must Know (2026)
- What Happens to Your Unlisted Shares After the IPO? Lock-In Periods Explained
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