SFC Environmental Technologies Ltd's initial public offering (IPO) received a 5% subscription on its first day of bidding, October 27, 2026. The company offers wastewater treatment solutions and has set a price band of ₹313 to ₹330 per share. Investors can apply in lots of 45 shares. The IPO will close on October 29, 2026.
- The IPO includes a fresh issue of shares worth ₹150 crore.
- There is an offer for sale (OFS) component of ₹517.53 crore by promoters and existing shareholders.
- Non-institutional investors subscribed 3%, while retail investors subscribed 9% on day one.
- The company raised ₹200 crore from anchor investors before the IPO.
- Proceeds from the fresh issue will be used for debt clearance and working capital.
- SFC Environmental Technologies is expected to list on NSE and BSE on November 3, 2026.
What is included in the SFC Environmental Technologies IPO?
The IPO consists of two parts: a fresh issue of shares worth ₹150 crore and an offer for sale (OFS) component amounting to ₹517.53 crore. The OFS is by promoters and existing shareholders who are selling their shares to the public.
How was the IPO subscription on the first day?
On the first day, the IPO was subscribed 5% overall. Specifically, non-institutional investors (NIIs) subscribed 3%, and retail investors subscribed 9%. Bids were received for 7,63,200 shares compared to 1,41,59,744 shares on offer, according to National Stock Exchange (NSE) data until 12:23 pm on October 27.
What is the price band and lot size for the IPO?
The price band for the shares is set between ₹313 and ₹330 per share. Investors can apply for the shares in lots of 45 shares each. This means that the minimum investment is the price per share multiplied by 45.
Who are the anchor investors in this IPO?
Before the IPO opened to the public, the company raised ₹200 crore from anchor investors. These include Government Pension Fund Global, Edelweiss Life Insurance Company, SBI Mutual Fund, Societe Generale, ICICI Prudential Mutual Fund, and Nippon India Mutual Fund.
What will the company do with the funds raised?
The fresh issue proceeds will be used primarily for clearing existing debt and meeting working capital requirements. This financial strategy aims to strengthen the company’s balance sheet and support its ongoing operations.
What does SFC Environmental Technologies do?
Founded in 2005 and based in Mumbai, SFC Environmental Technologies specializes in wastewater treatment solutions. The company uses proprietary technologies, including C-Tech, an advanced method for treating sewage and effluents. Their services cover technology packages, automation systems, equipment supply, installation, commissioning, and related support.
Who are the company’s customers?
SFC Environmental Technologies serves various clients such as Rajkamal Builders Infrastructure, SMC Infrastructures, Ramky Infrastructure, Enviro Infra Engineers, and EMS. These customers benefit from the company’s advanced wastewater treatment solutions.
When will the shares be listed?
The company’s shares are expected to be listed on the National Stock Exchange (NSE) and Bombay Stock Exchange (BSE) on November 3, 2026. This listing will allow investors to trade the shares on the stock market.
Who manages the IPO?
The book-running lead managers for the IPO are IIFL Capital Services, Nuvama Wealth Management, and JM Financial. MUFG Intime India serves as the registrar for the issue.
