- Issue price
- ₹330per share
- Issue size
- To be announcedAmount set with price
- Face value
- ₹2per equity share
- Lot size
- 45 sharesMin. ₹14,850 at the upper price
- Anchor biddingMon, 2026
- OpensTue, 2026
- ClosesThu, 2026
- AllotmentFri, 2026
- ListingTue, 2026
Dates marked in the offer document as tentative. Times in IST.
Information only, not investment advice. This page provides information compiled from official offer documents for information purposes only. It is not investment advice or a recommendation to apply for, buy or sell any security. We are not a SEBI-registered investment adviser or research analyst. Investments in IPOs are subject to market risks; read the offer document carefully before investing.
Issue details
- Issue type
- Book built, fresh issue and offer for sale
- Fresh issue
- —
- Offer for sale
- 1,56,82,750 shares
- Total issue
- —
- Face value
- ₹2
- Listing at
- NSE, BSE
- RHP date
- 19 Oct 2026
Source: Red Herring Prospectus dated 19 Oct 2026Updated
Reservation
| Category | Shares | Of net offer | Stated in RHP |
|---|---|---|---|
| Retail individual investors | — | — | 35% |
| Non-institutional investors (NII) | — | — | 15% |
| Qualified institutional buyers (QIB) | — | — | 50% |
| Anchor investors | — | — | — |
Source: Red Herring Prospectus dated 19 Oct 2026Updated
Subscription
Category-wise subscription is published by the exchanges while the issue is open. It appears here once the figures are added.
Valuation
FY 2025-26- EPS (basic)
- ₹16.52
- EPS (diluted)
- ₹16.52
- RoNW
- 21.25%
- NAV per share (March 31, 2026)
- ₹86.09
- ROCE
- 22.21%
- Debt to equity
- 0.05
Source: Red Herring Prospectus dated 19 Oct 2026Updated
Financials
Consolidated, restated · ₹ crore| Period ended | 30 Jun 20263 months | 31 Mar 2026FY 2025-26 | 31 Mar 2025FY 2024-25 | 31 Mar 2024FY 2023-24 |
|---|---|---|---|---|
| Revenue from operations | 133.94 | 803.63 | 697.86 | 657.50 |
| Total income | 137.90 | 821.27 | 726.96 | 676.74 |
| EBITDA | — | 235.81 | 207.48 | 193.25 |
| Profit after tax | 1.48 | 160.21 | 152.01 | 144.17 |
| Net worth | 805.49 | 804.17 | 648.68 | 534.30 |
| Reserves and surplus | 786.81 | 785.49 | 630.00 | 528.07 |
| Total assets | 1,224.56 | 1,323.43 | 999.47 | 904.94 |
FY 2025-26 vs FY 2024-25: revenue +15.2%, profit after tax +5.4%. Periods shorter than 12 months are shown as reported and are not annualised.
Source: Red Herring Prospectus dated 19 Oct 2026Updated
About the company
The company provides engineering, technology, equipment and operation services for wastewater treatment, wastewater recycling and reuse, and municipal solid waste treatment. It supplies its proprietary C-Tech and OREX technologies and runs solid waste plants in Goa, with biogas projects through its subsidiaries.
- Incorporated
- 2005
- Industry
- Wastewater and solid waste treatment technology
- CIN
- U37003MH2005PLC152235
- Website
- sfcenvironment.com
Source: Red Herring Prospectus dated 19 Oct 2026Updated
Promoters and shareholders
| Name | Type | Before issue | After issue | Shares offered |
|---|---|---|---|---|
| Saketchandrasingh Pratapsingh Dhandoriya | Promoter | 9.03% | — | 37,36,000 |
| Sandeep Sudhakar Asolkar (jointly with Priya Sandeep Asolkar) | Promoter group | — | — | 9,34,000 |
| Veera Venkata Satyanarayana Yannamani | Selling shareholder | — | — | 9,33,000 |
| Sarvesh Kumar Garg | Selling shareholder | — | — | 35,65,000 |
| Jayshree Harit Shah (jointly with Harit Pragji Shah) | Selling shareholder | — | — | 70,000 |
| Sandeep Sambhaji Parab | Selling shareholder | — | — | 21,36,000 |
| Hardik Suresh Matalia | Selling shareholder | — | — | 36,750 |
| Rajesh Kesavan Nambisan | Selling shareholder | — | — | 21,36,000 |
| Kumaraguru Madurakavi | Selling shareholder | — | — | 21,36,000 |
Source: Red Herring Prospectus dated 19 Oct 2026Updated
Objects of the issue
₹ crore| Purpose | Amount |
|---|---|
| Prepayment of certain borrowings of the company and its subsidiary Vasudha Waste Treatment Private Limited | 42.23 |
| Funding working capital requirements | 74.92 |
| General corporate purposes | Set with price |
Source: Red Herring Prospectus dated 19 Oct 2026Updated
Peer comparison
As listed in the offer document| Company | EPS | P/E | RoNW | NAV per share |
|---|---|---|---|---|
| Thermax Limited | ₹63.95 | 52.01× | 13.74% | ₹492.55 |
| Praj Industries Limited | ₹1.3 | 220.77× | 1.77% | ₹71.22 |
| Ion Exchange (India) Limited | ₹12.03 | 31.34× | 11.20% | ₹91.3 |
| SFC Environmental Technologies LimitedIssuer | ₹16.52 | — | 21.25% | ₹86.09 |
Source: Red Herring Prospectus dated 19 Oct 2026Updated
Strengths and risks
Our summary of what the offer document statesStrengths
- Holds over 80% share in sequencing batch reactor wastewater technology in India, per the F&S report.
- Operates two integrated solid waste treatment plants in Goa with a combined capacity of 350 TPD.
- Has a repeat-customer base contributing over 90% of revenue in recent fiscal years.
- Revenue and profit are reported on a consistent basis across the periods presented.
- Total order book of ₹15,700.65 million as on June 30, 2026.
Risks
- A large share of revenue depends on government entities and government-funded tenders.
- Goa solid waste concession agreements do not provide automatic renewal.
- Technology may be displaced by newer technologies, affecting competitiveness.
- Objects of the Fresh Issue have not been appraised by any external agency.
- Significant borrowings and working capital needs are relied upon for operations.
Source: Red Herring Prospectus dated 19 Oct 2026Updated
Contacts
Source: Red Herring Prospectus dated 19 Oct 2026Updated
Allotment status
Check whether shares were allotted on the official pages below, using your PAN, application number or DP/client ID. Results appear once the basis of allotment is finalised.
- Allotment
- Refunds
- Demat credit
- Listing
Source: Red Herring Prospectus dated 19 Oct 2026Updated
After listing
| Listing day | Open | High | Low | Close | Close vs issue price |
|---|---|---|---|---|---|
| 3 Nov 2026 | ₹355.1 | — | — | — | — |
Listing-day report: SFC Environmental Technologies IPO Listing: Opens Higher at 7.6% Premium
Work out the gain or loss on allotted shares after charges and tax →
Source: Red Herring Prospectus dated 19 Oct 2026Updated
Frequently asked questions
When does the SFC Environmental Technologies IPO open and close?
According to the Red Herring Prospectus, the issue opens on Tuesday, 27 October 2026 and closes on Thursday, 29 October 2026. These dates are tentative.
What is the SFC Environmental Technologies IPO price band?
The final issue price is ₹330 per share.
What is the lot size of the SFC Environmental Technologies IPO?
One lot is 45 shares, which is ₹14,850 at ₹330 per share.
Where will SFC Environmental Technologies shares list?
On NSE and BSE. The tentative listing date is Tuesday, 3 November 2026.
Who is the registrar of the issue?
MUFG Intime India Private Limited (SEBI registration INR000004058). Allotment status is checked on the registrar's website.
How do I check the SFC Environmental Technologies IPO allotment status?
The basis of allotment is expected to be finalised on Friday, 30 October 2026. After that, search by PAN, application number or DP/client ID on the registrar's website (MUFG Intime India Private Limited), the NSE website or the BSE website. Shares that are allotted are credited to your demat account; for an application that is not allotted, the blocked amount is released.
How will the money raised be used?
₹42.23 Cr for prepayment of certain borrowings of the company and its subsidiary Vasudha Waste Treatment Private Limited, ₹74.92 Cr for funding working capital requirements, and the rest for the other stated purposes.
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