Minimum Investment
About Company
Company Name: SFC Environmental Technologies Limited
Industry / Sector: Environmental Technology / Water & Waste Management
Founded Year: March 2005
Promoters: Not disclosed in RHP extract
SFC Environmental Technologies Limited is an environmental technology company providing solutions for wastewater treatment, recycling and reuse, and solid waste management. Incorporated in March 2005, the company's wastewater business is primarily based on its proprietary C-Tech technology, an advanced sequencing batch reactor (SBR) process used in sewage treatment plants. As of July 31, 2026, it had commissioned 728 wastewater treatment installations, facilitating treatment of 17,511.11 million litres of wastewater per day, and held over 80% market share in India's SBR technology segment. Its solid waste business uses proprietary OREX technology to separate biodegradable organic matter from municipal waste for biogas generation and resource recovery. The company operates across 23 states and 5 Union Territories, serving municipal bodies, government entities and engineering companies, with 264 employees (including 149 engineers) as of August 31, 2026. In August 2024, it entered an exclusive supply agreement with DuPont, expanding its technology offerings. The company is a mainboard IPO and a leading player in India's water treatment space.
IPO Basic Details
| Company Name | SFC Environmental Technologies Limited |
| IPO Type | Mainboard IPO |
| Price Band | ₹313 – ₹330 |
| Lot Size | 45 Shares |
| Total Issue Size | 2,02,28,204 Equity Shares (₹667.53 Cr)[reference:0][reference:1] |
IPO Strengths & Risks
Strengths
- Over 80% market share in India's SBR technology segment for wastewater treatment
- 728 wastewater treatment installations commissioned as of July 31, 2026
- Proprietary C-Tech and OREX technologies providing competitive moats
- Exclusive supply agreement with DuPont (since August 2024)
- Strong presence across 23 states and 5 Union Territories
- Asset-light, technology-driven business model with high repeat business (>90%)[reference:7]
- Healthy operating EBITDA margins of ~29% in FY26[reference:8]
Risks
- Dependence on government and municipal contracts, which may have long receivable cycles
- Execution risks related to project timelines and commissioning
- Technology obsolescence risk in the evolving environmental tech space
- Concentration of revenue from wastewater treatment segment
- Working capital intensive nature of EPC-style contracts
- Regulatory and policy risks related to environmental norms and municipal funding
IPO Important Dates
| IPO Open Date | 27 Oct 2026[reference:9] |
| IPO Close Date | 29 Oct 2026[reference:10] |
| Basis of Allotment | 30 Oct 2026[reference:11] |
| Refund Initiation | 02 Nov 2026[reference:12] |
| Demat Credit Date | 02 Nov 2026[reference:13] |
| Listing Date | 03 Nov 2026[reference:14] |
| Anchor Investor Date | - |
| UPI Mandate Deadline | - |
IPO Objectives
- Capital expenditure for machinery and equipment – -
- Funding working capital requirements – -
- Debt repayment – -
- General corporate purposes – -
Investor Reservation
| QIB Quota | Not more than 50% of the Net Issue[reference:17] |
| Retail Quota | Not less than 35% of the Net Issue[reference:19] |
| HNI Quota | - |
| Employee Quota | - |
| Shareholder Quota | - |
| Anchor Investor Allocation | - |
Market Lot Details
| Application | Lot Size | Shares | Amount |
|---|---|---|---|
| Retail Minimum | 1 Lot | 45 | ₹14,850 (at upper band)[reference:20] |
| Retail Maximum | 13 Lots | 585 | ₹1,93,050 (at upper band)[reference:21] |
| S-HNI Minimum | 14 Lots | 630 | ₹2,07,900 (at upper band)[reference:22] |
| S-HNI Maximum | [●] | [●] | ₹[●] |
| B-HNI Minimum | 67 Lots | 3060 | ₹10,09,800 (at upper band)[reference:23] |
Key Performance Indicators (KPI)
| ROE | ~21.55% (FY26) |
| ROCE | ~22.21% (FY26) |
| RoNW | - |
| PAT Margin | 19.94% (FY26)[reference:26] |
| EBITDA Margin | ~29.3% (FY26)[reference:27] |
| EPS | ₹15.42 (FY26, Basic & Diluted)[reference:28] |
| NAV per share | - |
| Debt to Equity | Not Available |
| P/E Ratio | ~20.18x at upper band (FY26) |
| Industry P/E | - |
Company Financial Data
| Period | Assets | Total Income | PAT | EBITDA | Net Worth | Borrowings |
|---|---|---|---|---|---|---|
| Q1 FY2027 (Jun 30, 2026) | Not Available | ₹1,339.44 Cr[reference:31] | ₹14.84 Cr[reference:32] | ₹98.56 Cr[reference:33] | Not Available | Not Available |
| FY2026 (Mar 31, 2026) | Not Available | ₹8,036.29 Cr[reference:34] | ₹1,602.13 Cr[reference:35] | ₹2,358.12 Cr[reference:36] | Not Available | Not Available |
| FY2025 (Mar 31, 2025) | Not Available | ₹6,978.58 Cr[reference:37] | ₹1,520.08 Cr[reference:38] | ₹2,074.80 Cr[reference:39] | Not Available | Not Available |
| FY2024 (Mar 31, 2024) | Not Available | ₹5,219.20 Cr[reference:40] | ₹1,346.80 Cr[reference:41] | ₹1,961.20 Cr[reference:42] | Not Available | Not Available |
Grey Market Premium
| GMP Price | ~₹20 - ₹30 (as of 27-28 Oct 2026)[reference:43][reference:44] |
| Kostak Rate | Not Available |
| Subject to Sauda | Not Available |
| Last Updated | 28 Oct 2026 |
| Estimated Listing Price | ~₹350 - ₹360 (approx. 6-9% premium over upper price band)[reference:45][reference:46] |
IPO Subscription Data
| Total Subscription | 0.16x (Day 2, 28 Oct 2026, 11:42 AM)[reference:47] |
| QIB (Ex Anchor) | 0.00x[reference:48] |
| HNI Subscription | 0.12x[reference:49] |
| Retail Subscription | 0.19x[reference:50] |
| Anchor | - |
IPO Intermediaries
Registrar: MUFG Intime India Private Limited[reference:51]
Registrar Website: https://www.in.mpms.mufg.com
IPO Lead Manager(s)
Company Information
Address: Not Available in extract
Website: https://www.sfcenvironment.com
Email: Not Available
Phone: Not Available
IPO Documents
Frequently Asked Questions (FAQ)
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