SFC Environmental Technologies IPO: Price Band, Lot Size, Financials & Review
SFC Environmental Technologies IPO opens on Tue, 27 Oct 2026 and closes on Thu, 29 Oct 2026.
- Open Date
- 27 Oct 2026
- Close Date
- 29 Oct 2026
Last updated
- Price band
- Not announced
- Lot size
- —
- Min. investment
- —
- Issue size
- —
SFC Environmental Technologies IPO details
SFC Environmental Technologies IPO is a book-building IPO on the Mainboard segment, listing on BSE & NSE. It combines a fresh issue of ₹150 Cr (100.00%) with an offer for sale of ₹0 Cr (0.00%) by existing shareholders. Only the fresh issue money goes to the company.
The issue opens on Tue, 27 Oct 2026 and closes on Thu, 29 Oct 2026. Allotment is expected on Fri, 30 Oct 2026 and listing on Tue, 3 Nov 2026.
MUFG Intime India Pvt Ltd is the registrar, and IIFL Capital Services Limited, JM Financial Limited and Nuvama Wealth Management Limited are the book running lead managers.
Share reservation by category
| Category | Shares Details |
|---|---|
| Qualified Institutions | Not More Than 50% of the Net Issue |
| Retail Investors | Not Less Than 35% of the Net Issue |
| Non-Institutional | Not Less Than 15% of the Net Issue |
Issue structure and valuation
It combines a fresh issue of ₹150 Cr (100.00%) with an offer for sale of ₹0 Cr (0.00%) by existing shareholders. Only the fresh issue money goes to the company.
P/E is not meaningful here because earnings per share is zero or negative.
Listed peers with positive earnings trade at a median P/E of 52.01x (3 companies).
| EPS (pre-issue) Latest earnings per share before the issue | ₹17.15 |
|---|---|
| P/E (pre-issue) Upper price band ÷ pre-issue EPS | — |
| EPS (post-issue) EPS on the enlarged share capital | ₹0 |
| P/E (post-issue) Upper price band ÷ post-issue EPS | — |
| Promoter holding (pre-issue) | 48.18% |
| Promoter holding (post-issue) | 0.00% |
SFC Environmental Technologies Limited financials
Between 31 Mar 2025 and 31 Mar 2026, Income rose from ₹726.96 Cr to ₹821.27 Cr, and profit after tax rose from ₹152.01 Cr to ₹160.21 Cr. The PAT margin for 31 Mar 2026 was 19.51%.
| 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 |
| Reserve & Surplus | 784.14 | 782.63 | 628.54 | 526.41 |
| Total Borrowings | 204.77 | 195.64 | 83.71 | 139.16 |
₹ in crore, as stated in the prospectus.
Key performance indicators
| KPI | 30 Jun 2026 | 31 Mar 2026 | 31 Mar 2025 | 31 Mar 2024 |
|---|---|---|---|---|
| ROE % | 0.18 | 21.55 | 24.84 | 29.80 |
| ROCE % | 0.72 | 22.21 | 29.29 | 28.56 |
| Debt / Equity | 0.25 | 0.24 | 0.13 | 0.25 |
| RoNW % | 0.19 | 21.25 | 24.36 | 30.46 |
| Pat Margin % | 1.11 | 19.94 | 21.78 | 21.93 |
Peer comparison
| Company | Face value | P/E | EPS (basic) | EPS (diluted) | RoNW | NAV |
|---|---|---|---|---|---|---|
| SFC Environmental Technologies Ltd | 2 | — | 16.52 | 16.52 | 21.25% | 86.09 |
| Thermax Limited | 2 | 52.01 | 63.95 | 63.94 | 13.74% | 492.55 |
| Praj Industries Ltd | 2 | 220.77 | 1.30 | 1.30 | 1.77% | 71.22 |
| Ion Exchange (India) Ltd | 1 | 31.34 | 12.03 | 12.03 | 11.20% | 91.30 |
Notes
All the financial information for listed industry peers mentioned above is on a consolidated basis (unless otherwise available only on standalone basis) and is sourced from the annual reports as available of the respective company for the relevant year ended March 31, 2026.
P/E Ratio has been computed based on the closing market price of equity shares on BSE on October 16, 2026, divided by the Diluted EPS for the Fiscal 2026
Return on Net Worth (%) = Profit after tax attributable to owners / Average Net Worth (Average Net Worth is calculated as the arithmetic average of opening and closing balance of Net Worth)
Net Worth = Aggregate value of the paid-up share capital and all reserves created out of the profits and securities premium account and debit or credit balance of profit and loss account, after deducting the aggregate value of the accumulated losses, deferred expenditure and miscellaneous expenditure not written off, as per the Restated Consolidated Financial Information / audited consolidated financial information (as applicable), but does not include reserves created out of revaluation of assets, write-back of depreciation and amalgamation.
Net asset value per share = Net worth (excluding Non-Controlling Interest) / weighted average number of equity shares outstanding at the end of the year adjusted for the subdivision of the equity shares and issue of bonus shares, if any, in accordance with principles of Ind AS 33.
From the prospectus. P/E is shown as — when earnings are zero or negative, or not reported for the issuer before listing.
Objectives
The company intends to allocate the net proceeds from the offering to the following objectives.
| Sr | Objective | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Prepayment of all or a portion of certain outstanding borrowings availed by our Company and our wholly owned Subsidiary, namely Vasudha Waste Treatment Private Limited | 42.23 |
| 2 | Funding our working capital requirements | 74.92 |
| 3 | General corporate purposes | — |
| Total | 117.15 |
About SFC Environmental Technologies Limited
SFC Environmental Technologies Limited, formerly known as SFC Environmental Technologies Private Limited, is an environmental technology company focused on wastewater treatment, water recycling and reuse, energy-efficiency systems, and solid-waste treatment solutions. The Company was originally incorporated as a private limited company on March 29, 2005, in Mumbai, Maharashtra, under the Companies Act, 1956. It was subsequently converted into a public limited company pursuant to a shareholders’ resolution dated June 29, 2024, and its name was changed to SFC Environmental Technologies Limited. The Registrar of Companies issued a fresh Certificate of Incorporation on August 13, 2024.
The Company provides technology solutions primarily for wastewater treatment, wastewater recycling and reuse, and energy-efficient wastewater systems. Its solutions include the C-Tech technology for sewage treatment and other technologies designed to improve the efficiency and sustainability of wastewater treatment plants. SFC states that its technologies have been deployed across India and that it has developed significant expertise in SBR-based wastewater treatment. Its website currently states that the group has 639 commissioned plants and more than 15,000 MLD of cumulative capacity.
The Company is headquartered in Navi Mumbai, Maharashtra, with its registered office at The Ambience Court, Hi-Tech Business Park, Vashi, Navi Mumbai, and its corporate office at Rupa Renaissance, Turbhe MIDC Road, Navi Mumbai.
Employee count: As disclosed in the latest RHP, the Company had 264 employees as of August 31, 2026, including 149 engineers.
SFC has more than two decades of experience in the environmental technology sector and has built its business around providing engineering and technology solutions for the treatment, recycling and reuse of water and management of waste.
Promoters
Sandeep Sudhakar Asolkar
Priya Sandeep Asolkar
Prachiti Sandeep Asolkar
Saketchandrasingh Pratapsingh Dhandoriya
Contact details
SFC Environmental Technologies Ltd.
The Ambience Court, Hi-Tech Business Park, 21st
Sector 19-D, Plot No. 2, Vashi,
Navi Mumbai, Maharashtra, 400705
Phone: +91 22 27832646
Email: compliance@sfcenv.com
Website: www.sfcenvironment.com
SFC Environmental Technologies IPO FAQs
- When does SFC Environmental Technologies IPO open and close?
- SFC Environmental Technologies IPO opens on Tue, 27 Oct 2026 and closes on Thu, 29 Oct 2026.
- What is the SFC Environmental Technologies IPO allotment date?
- The SFC Environmental Technologies IPO basis of allotment is expected on Fri, 30 Oct 2026. You can check your allotment status on the MUFG Intime India Pvt Ltd website.
- What is the SFC Environmental Technologies IPO listing date?
- SFC Environmental Technologies IPO is expected to list on BSE & NSE on Tue, 3 Nov 2026.
- Is the SFC Environmental Technologies IPO a fresh issue or an offer for sale?
- It combines a fresh issue of ₹150 Cr (100.00%) with an offer for sale of ₹0 Cr (0.00%) by existing shareholders. Only the fresh issue money goes to the company.
- Who are the registrar and lead managers of the SFC Environmental Technologies IPO?
- The registrar for the SFC Environmental Technologies IPO is MUFG Intime India Pvt Ltd, and the book running lead managers are IIFL Capital Services Limited, JM Financial Limited and Nuvama Wealth Management Limited.
- How to apply for the SFC Environmental Technologies IPO?
- Apply through your broker app or net banking using UPI or ASBA. Select the IPO, enter the number of lots and your bid (retail investors can bid at the cut-off price), and approve the UPI mandate before the issue closes on Thu, 29 Oct 2026.
Data is compiled from the prospectus, stock exchanges and market sources and is for information only. It is not investment advice; read the RHP before applying.