The SFC Environmental Technologies IPO has been subscribed 42% as of the third day of subscription on October 29, 2026. This initial public offering (IPO) is valued at ₹667.53 crore and includes both a fresh issue and an offer for sale. Investors are eagerly awaiting the allotment results and the upcoming stock exchange listing.
- The IPO is a mix of a fresh share issue worth ₹150 crore and an offer for sale (OFS) of up to 1.57 crore equity shares totaling ₹517.53 crore.
- Subscription by investor categories: Non-Institutional Investors (NIIs) at 81%, Retail Investors at 45%, and Qualified Institutional Buyers (QIBs) at 8%.
- Funds raised will help clear borrowings, support working capital, and cover general corporate purposes.
- IPO allotment status is expected on October 30, with stock listing on November 3, 2026.
What is the structure of the SFC Environmental Technologies IPO?
The IPO consists of two parts: a fresh issue of shares valued at ₹150 crore and an offer for sale (OFS) component where promoters and existing shareholders are selling up to 1.57 crore equity shares worth ₹517.53 crore. This combination totals ₹667.53 crore.
How has the IPO subscription progressed so far?
By the morning of the third day, the IPO had received bids for 59,96,430 shares against an offer of 1,41,59,744 shares, resulting in a 42% subscription rate. Non-Institutional Investors showed strong interest with 81% subscription, retail investors subscribed at 45%, and Qualified Institutional Buyers at 8%.
What will the company do with the funds raised?
The funds from the IPO will be used primarily to repay certain borrowings taken by SFC Environmental Technologies and its wholly-owned subsidiary, Vasudha Waste Treatment. Additionally, the money will support working capital needs and general corporate purposes.
Who is SFC Environmental Technologies and what services do they offer?
Founded in 2005 and based in Mumbai, SFC Environmental Technologies specializes in wastewater treatment solutions. The company uses proprietary technologies, including C-Tech, which is an advanced method for treating sewage and industrial effluents. Their clients include notable companies such as Ramky Infrastructure, EMS, SMC Infrastructures, Rajkamal Builders Infrastructure, and Enviro Infra Engineers.
When will the IPO allotment and listing happen?
The IPO allotment status is expected to be finalized on Friday, October 30, 2026. Following this, the shares will be listed on stock exchanges on November 3, 2026.
Who are the managers and registrar for this IPO?
The book-running lead managers for the IPO are IIFL Capital Services, Nuvama Wealth Management, and JM Financial. MUFG Intime India is serving as the registrar for the issue.
Frequently Asked Questions
Q: What is the total size of the SFC Environmental Technologies IPO?
A: The total size of the IPO is ₹667.53 crore, combining a fresh issue of ₹150 crore and an offer for sale worth ₹517.53 crore.
Q: How much has the IPO been subscribed as of Day 3?
A: The IPO has been subscribed 42% as of the third day of subscription.
Q: When will the IPO allotment be finalized?
A: The allotment status is expected to be finalized on October 30, 2026.
Q: When will the shares be listed on the stock exchange?
A: The shares are scheduled to be listed on November 3, 2026.
Q: What will the company use the IPO proceeds for?
A: The funds will be used to repay borrowings, support working capital, and for general corporate purposes.
