SFC Environmental Technologies IPO opens for subscription on October 27, 2026, giving investors a three-day window to place their bids. In the grey market, the IPO is trading at a premium of around 9%, indicating a potential listing gain over the issue price. However, the grey market premium (GMP) is an unofficial indicator that may fluctuate before listing and does not guarantee the actual listing price or investor returns.
The Rs 667.53-crore public issue is a combination of a fresh issue of 45.45 lakh shares aggregating to Rs 150 crore and an offer for sale (OFS) of 1.57 crore shares worth Rs 517.53 crore. Through the OFS, existing shareholders will sell part of their holdings, while the company will receive proceeds from the fresh issue.
The IPO will remain open for subscription from October 27 to October 29, 2026. The basis of allotment is expected to be finalised on October 30, while the shares are tentatively scheduled to list on the NSE and BSE on November 3, 2026.
SFC Environmental Technologies has fixed the IPO price band at Rs 313–330 per share. The lot size is 45 shares, requiring a minimum investment of Rs 14,850 for retail investors applying for one lot at the upper end of the price band.
IIFL Capital Services Ltd., JM Financial Ltd. and Nuvama Wealth Management Ltd. are the book-running lead managers to the issue, while MUFG Intime India Pvt. Ltd. is the registrar.
SFC Environmental Technologies IPO GMP Today
In the grey market, the IPO is commanding a grey market premium (GMP) of around Rs 30, or 9%, over the upper end of the price band of Rs 330. Based on this premium, the estimated listing price stands at Rs 360 per share, indicating a potential gain over the issue price. The GMP is an unofficial market indicator and may fluctuate before listing. It does not guarantee the actual listing price or investor returns.
SFC Environmental Technologies IPO: Objects of the Issue
SFC Environmental Technologies Ltd. proposes to utilise the net proceeds from the issue to prepay all or part of certain outstanding borrowings of Rs 42.23 crore availed by the company and its wholly owned subsidiary, Vasudha Waste Treatment Pvt. Ltd. It will allocate Rs 74.92 crore towards funding working capital requirements, with the remaining proceeds earmarked for general corporate purposes.
SFC Environmental Technologies Ltd.’s total income increased 13% to Rs 821 crore in FY26 from Rs 727 crore in FY25. Profit after tax (PAT) rose 5% to Rs 160 crore from Rs 152 crore during the same period.
About SFC Environmental Technologies Ltd.
Incorporated in March 2005, SFC Environmental Technologies Ltd. is an environmental technology company providing solutions for wastewater treatment, recycling and reuse, and solid waste treatment. Its wastewater business is primarily based on proprietary C-Tech technology, an advanced sequencing batch reactor process. As of July 31, 2026, the company had commissioned 728 wastewater treatment installations, with its technologies facilitating the treatment of 17,511.11 million litres of wastewater per day. It also offers recycling solutions using ultrafiltration, reverse osmosis and membrane bioreactor technologies.
The company’s solid waste business uses its proprietary OREX technology to separate biodegradable organic matter from municipal waste for biogas generation and resource recovery. It operates two integrated solid waste treatment facilities in Goa with a combined capacity of up to 425 tonnes per day and has secured orders for compressed biogas plants in Assam and Odisha through a subsidiary. Operating across 23 states and five Union Territories, SFC serves municipal bodies, government-owned entities and engineering companies. As of August 31, 2026, it had 264 employees, including 149 engineers, and is expanding its presence in wastewater recycling, compressed biogas and waste-to-energy projects.
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