SFC Environmental Technologies IPO
Live Updates, GMP, Subscription Data, and Financial Details
IPO Overview
Listed
Dates
Oct 27 to Oct 29 2026
Price Band
₹313 - 330
Current GMP
₹355.1 (+7.61%)
Subscription
9.47 times
IPO Details
| IPO Date | 27 to 29 Oct, 2026 |
| Listing Date | Tue, Nov 3, 2026 |
| Face Value | 2 per share |
| Price Band | 313 to 330 |
| Issue Price | 330 per share |
| Lot Size | 45 Shares |
| Sale Type | Fresh capital cum OFS |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Total Issue Size | 2,02,28,204 shares (agg. up to ₹ 668 Cr) |
| Fresh Issue | 45,45,454 shares (agg. up to ₹ 150 Cr) |
| Offer for Sale | 1,56,82,750 shares of ₹ 2 (agg. up to ₹ 518 Cr) |
| Share Holding Pre Issue | 9,34,11,270 shares |
| Share Holding Post Issue | 9,79,56,724 shares |
| BSE Script Code / NSE Symbol | 545009 / SFCTECH |
| ISIN | INE0PKN01028 |
IPO Date
27 to 29 Oct, 2026
Listing Date
Tue, Nov 3, 2026
Face Value
2 per share
Price Band
313 to 330
Issue Price
330 per share
Lot Size
45 Shares
Sale Type
Fresh capital cum OFS
Issue Type
Bookbuilding IPO
Listing At
BSE, NSE
Total Issue Size
2,02,28,204 shares (agg. up to ₹ 668 Cr)
Fresh Issue
45,45,454 shares (agg. up to ₹ 150 Cr)
Offer for Sale
1,56,82,750 shares of ₹ 2 (agg. up to ₹ 518 Cr)
Share Holding Pre Issue
9,34,11,270 shares
Share Holding Post Issue
9,79,56,724 shares
BSE Script Code / NSE Symbol
545009 / SFCTECH
ISIN
INE0PKN01028
IPO Subscription Details
| Anchor | 1 |
| QIB (Ex Anchor) | 18.81 |
| NII | 12.81 |
| bNII (> ₹10L) | 14.49 |
| sNII (< ₹10L) | 9.43 |
| Retail | 2.70 |
| Total ** | 9.47 |
Anchor
1
QIB (Ex Anchor)
18.81
NII
12.81
bNII (> ₹10L)
14.49
sNII (< ₹10L)
9.43
Retail
2.70
Total **
9.47
Day Wise Sub
| Day | QIB (Ex Anchor) | NII | NII (> ₹10L) | NII (< ₹10L) | Retail | Total |
|---|---|---|---|---|---|---|
| Oct 2 7 (Day 1) | 0.00 | 0.09 | 0.06 | 0.16 | 0.16 | 0.10 |
| Oct 2 8 (Day 2) | 0.08 | 0.37 | 0.28 | 0.57 | 0.34 | 0.27 |
| Oct 2 9 (Day 3) | 18.81 | 12.81 | 14.49 | 9.43 | 2.70 | 9.47 |
DayOct 2
7 (Day 1)
QIB (Ex Anchor)0.00
NII0.09
NII (> ₹10L)0.06
NII (< ₹10L)0.16
Retail0.16
Total0.10
DayOct 2
8 (Day 2)
QIB (Ex Anchor)0.08
NII0.37
NII (> ₹10L)0.28
NII (< ₹10L)0.57
Retail0.34
Total0.27
DayOct 2
9 (Day 3)
QIB (Ex Anchor)18.81
NII12.81
NII (> ₹10L)14.49
NII (< ₹10L)9.43
Retail2.70
Total9.47
Day Wise GMP
| GMP Date | IPO Price | GMP | Est. Listing Price |
|---|---|---|---|
| 03-11-2026 | 330 | 15.5 (4.70%) | 345.5 |
| 02-11-2026 | 330 | 15.5 (4.70%) | 345.5 |
| 01-11-2026 | 330 | 26 (7.88%) | 356 |
| 31-10-2026 | 330 | 23.5 (7.12%) | 353.5 |
| 30-10-2026 | 330 | 20 (6.06%) | 350 |
| 29-10-2026 | 330 | 19 (5.76%) | 349 |
| 28-10-2026 | 330 | 10 (3.03%) | 340 |
| 27-10-2026 | 330 | 17 (5.15%) | 347 |
| 26-10-2026 | 330 | 20 (6.06%) | 350 |
| 25-10-2026 | 330 | 32 (9.70%) | 362 |
| 24-10-2026 | 330 | 32 (9.70%) | 362 |
| 23-10-2026 | 330 | 21 (6.36%) | 351 |
| 22-10-2026 | 330 | 21 (6.36%) | 351 |
| 21-10-2026 | 330 | 31 (9.39%) | 361 |
GMP Date03-11-2026
IPO Price330
GMP15.5 (4.70%)
Est. Listing Price345.5
GMP Date02-11-2026
IPO Price330
GMP15.5 (4.70%)
Est. Listing Price345.5
GMP Date01-11-2026
IPO Price330
GMP26 (7.88%)
Est. Listing Price356
GMP Date31-10-2026
IPO Price330
GMP23.5 (7.12%)
Est. Listing Price353.5
GMP Date30-10-2026
IPO Price330
GMP20 (6.06%)
Est. Listing Price350
GMP Date29-10-2026
IPO Price330
GMP19 (5.76%)
Est. Listing Price349
GMP Date28-10-2026
IPO Price330
GMP10 (3.03%)
Est. Listing Price340
GMP Date27-10-2026
IPO Price330
GMP17 (5.15%)
Est. Listing Price347
GMP Date26-10-2026
IPO Price330
GMP20 (6.06%)
Est. Listing Price350
GMP Date25-10-2026
IPO Price330
GMP32 (9.70%)
Est. Listing Price362
GMP Date24-10-2026
IPO Price330
GMP32 (9.70%)
Est. Listing Price362
GMP Date23-10-2026
IPO Price330
GMP21 (6.36%)
Est. Listing Price351
GMP Date22-10-2026
IPO Price330
GMP21 (6.36%)
Est. Listing Price351
GMP Date21-10-2026
IPO Price330
GMP31 (9.39%)
Est. Listing Price361
IPO Important Dates
| IPO Open | Tue, Oct 27, 2026 |
| IPO Close | Thu, Oct 29, 2026 |
| Allotment | Fri, Oct 30, 2026 |
| Refund | Mon, Nov 2, 2026 |
| Credit of Shares | Mon, Nov 2, 2026 |
| Listing | Tue, Nov 3, 2026 |
IPO Open
Tue, Oct 27, 2026
IPO Close
Thu, Oct 29, 2026
Allotment
Fri, Oct 30, 2026
Refund
Mon, Nov 2, 2026
Credit of Shares
Mon, Nov 2, 2026
Listing
Tue, Nov 3, 2026
IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 45 | ₹14,850 |
| Retail (Max) | 13 | 585 | ₹1,93,050 |
| S-HNI (Min) | 14 | 630 | ₹2,07,900 |
| S-HNI (Max) | 67 | 3015 | ₹9,94,950 |
| B-HNI (Min) | 68 | 3060 | ₹10,09,800 |
ApplicationRetail (Min)
Lots1
Shares45
Amount₹14,850
ApplicationRetail (Max)
Lots13
Shares585
Amount₹1,93,050
ApplicationS-HNI (Min)
Lots14
Shares630
Amount₹2,07,900
ApplicationS-HNI (Max)
Lots67
Shares3015
Amount₹9,94,950
ApplicationB-HNI (Min)
Lots68
Shares3060
Amount₹10,09,800
Financial Information
| Period Ended | 30 Jun 2026 | 31 Mar 2026 | 31 Mar 2025 | 31 Mar 2024 |
|---|---|---|---|---|
| Assets | 1,224.56 | 1,323.43 | 999.47 | 904.94 |
| Total Income | 137.90 | 821.27 | 726.96 | 676.74 |
| Profit After Tax | 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 and Surplus | 784.14 | 782.63 | 628.54 | 526.41 |
| Total Borrowing | 204.77 | 195.64 | 83.71 | 139.16 |
Period EndedAssets
30 Jun 20261,224.56
31 Mar 20261,323.43
31 Mar 2025999.47
31 Mar 2024904.94
Period EndedTotal Income
30 Jun 2026137.90
31 Mar 2026821.27
31 Mar 2025726.96
31 Mar 2024676.74
Period EndedProfit After Tax
30 Jun 20261.48
31 Mar 2026160.21
31 Mar 2025152.01
31 Mar 2024144.17
Period EndedEBITDA
30 Jun 20269.86
31 Mar 2026235.81
31 Mar 2025207.48
31 Mar 2024193.25
Period EndedNET Worth
30 Jun 2026805.49
31 Mar 2026804.17
31 Mar 2025648.68
31 Mar 2024534.30
Period EndedReserves and Surplus
30 Jun 2026784.14
31 Mar 2026782.63
31 Mar 2025628.54
31 Mar 2024526.41
Period EndedTotal Borrowing
30 Jun 2026204.77
31 Mar 2026195.64
31 Mar 202583.71
31 Mar 2024139.16
Key Performance Indicator
| ROE | 0.18% |
| ROCE | 0.72% |
| Debt/Equity | 0.25 |
| RoNW | 0.19% |
| PAT Margin | 1.11% |
| EBITDA Margin | 7.36% |
| NAV | 86.23 |
| P/B (x) |
ROE
0.18%
ROCE
0.72%
Debt/Equity
0.25
RoNW
0.19%
PAT Margin
1.11%
EBITDA Margin
7.36%
NAV
86.23
P/B (x)
Peers Comparison
| Company Name | EPS (Basic) | EPS (Diluted) | NAV (₹ per share) | P/E (x) | RoNW (%) | P/BV Ratio | Financial statements |
|---|---|---|---|---|---|---|---|
| SFC Environmental Technologies Limited | 16.52 | 16.52 | 86.09 | 21.25 | Consolidated | ||
| Thermax Ltd. | 63.95 | 63.94 | 492.55 | 52.01 | 13.74 | 6.76 | Consolidated |
| Praj Industries Ltd. | 1.30 | 1.30 | 71.22 | 220.77 | 1.77 | 4.04 | Consolidated |
| Ion Exchange India Ltd. | 12.03 | 12.03 | 91.30 | 31.34 | 11.20 | 4.14 | Consolidated |
Company NameSFC Environmental Technologies Limited
EPS (Basic)16.52
EPS (Diluted)16.52
NAV (₹ per share)86.09
P/E (x)
RoNW (%)21.25
P/BV Ratio
Financial statementsConsolidated
Company NameThermax Ltd.
EPS (Basic)63.95
EPS (Diluted)63.94
NAV (₹ per share)492.55
P/E (x)52.01
RoNW (%)13.74
P/BV Ratio6.76
Financial statementsConsolidated
Company NamePraj Industries Ltd.
EPS (Basic)1.30
EPS (Diluted)1.30
NAV (₹ per share)71.22
P/E (x)220.77
RoNW (%)1.77
P/BV Ratio4.04
Financial statementsConsolidated
Company NameIon Exchange India Ltd.
EPS (Basic)12.03
EPS (Diluted)12.03
NAV (₹ per share)91.30
P/E (x)31.34
RoNW (%)11.20
P/BV Ratio4.14
Financial statementsConsolidated
IPO Reservation
| QIB | 1,01,14,102 |
| − Anchor Investor | 60,68,460 |
| − QIB (Ex. Anchor) | 40,45,642 |
| NII (HNI) | 30,34,231 |
| − bNII > ₹10L | 20,22,820 |
| − sNII < ₹10L | 10,11,411 |
| Retail | 70,79,871 |
| Total | 2,02,28,204 |
QIB
1,01,14,102
− Anchor Investor
60,68,460
− QIB (Ex. Anchor)
40,45,642
NII (HNI)
30,34,231
− bNII > ₹10L
20,22,820
− sNII < ₹10L
10,11,411
Retail
70,79,871
Total
2,02,28,204
Information about company
Incorporated in March 2005, SFC Environmental Technologies Limited is an environmental technology company engaged in providing technology, design, engineering, manufacturing, supply, installation and commissioning solutions for wastewater treatment (“WWT”), wastewater recycling and reuse (“WRR”), and solid waste treatment (“SWT”). The Company’s wastewater treatment business is primarily based on its proprietary C-Tech technology, an advanced sequencing batch reactor (“SBR”) process used in sewage treatment plants and industrial effluent treatment. Its solutions include technology packages, equipment, automation systems, installation, commissioning and related services. As of July 31, 2026, the Company had commissioned 728 wastewater treatment installations and its technologies facilitated the treatment of 17,511.11 million litres of wastewater per day. It has also expanded into wastewater recycling and reuse through ultrafiltration (“UF”), closed circuit reverse osmosis (“CCRO”) and membrane bioreactor (“MBR”) technologies, supported by an exclusive supply arrangement with DuPont for selected products in India.
The Company’s solid waste treatment business is based on its proprietary Organic Extraction (“OREX”) technology, designed to separate biodegradable organic matter from mixed municipal waste to support biogas generation and resource recovery. It provides end-to-end solutions covering design, engineering, construction, equipment supply, commissioning and operations and maintenance. The Company operates two integrated solid waste treatment facilities in Goa with an aggregate treatment capacity of up to 425 tonnes per day. Through its subsidiary, it has also secured orders for compressed biogas plants in Assam and Odisha, with cumulative order value of ₹5,017 million, and has expanded into projects involving agricultural waste and biomass.
The Company operates across 23 states and five Union Territories in India, with a business model involving technology supply, engineering solutions, project execution and operations and maintenance. Its customer relationships include engineering, procurement and construction companies, municipal bodies and government-owned entities. The Company’s growth strategy includes expanding its wastewater recycling and reuse capabilities and pursuing opportunities in solid waste treatment, compressed biogas and waste-to-energy projects.
As of August 31, 2026, the Company had 264 employees, including 149 engineers, supported by teams across design and engineering, electrical and instrumentation, erection and commissioning, manufacturing, proposals, sales, finance and other functions.
Competitive Strengths
Objectives of IPO
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
#: Issue Objects
1: Prepayment of all or a portion of certain outstanding borrowings availed by Company and wholly owned Subsidiary, namely Vasudha Waste Treatment Pvt.Ltd.
2: Funding working capital requirements
3: General Corporate Purposes
4: Issue Expense
: Total
Disclaimer
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