The SFC Environmental IPO opened for subscription on October 27, 2026, with the wastewater and solid waste technology company offering shares in a Rs 667.53 crore issue. Bidding closes on October 29, and the shares are tentatively scheduled to list on the NSE and BSE on November 3.
Key Takeaways
- The price band is Rs 313–330 per share, with a minimum retail application of 45 shares.
- The offer combines a Rs 150 crore fresh issue with a Rs 517.53 crore sale by existing shareholders.
- Allotment is expected on October 30; the listing date remains tentative.
SFC Environmental IPO terms and timetable
At the upper end of the price band, a retail investor applying for one lot of 45 shares would need Rs 14,850. The fresh issue comprises 45.45 lakh shares, while existing shareholders are offering 1.57 crore shares for sale.
The company will receive proceeds from the fresh issue, while the offer for sale represents shares sold by existing shareholders. IIFL Capital Services, JM Financial and Nuvama Wealth Management are the book-running lead managers; MUFG Intime India is the registrar.
| Item | Details |
|---|---|
| Subscription window | October 27–29, 2026 |
| Price band | Rs 313–330 per share |
| Retail lot | 45 shares; Rs 14,850 at the upper price |
| Expected allotment | October 30, 2026 |
| Tentative listing | November 3, 2026, on the NSE and BSE |
How the proceeds will be used
SFC Environmental Technologies proposes to use Rs 42.23 crore to prepay all or part of certain borrowings of the company and its wholly owned subsidiary, Vasudha Waste Treatment. It plans to allocate Rs 74.92 crore to working capital and the remaining net proceeds to general corporate purposes.
Business performance and grey market indication
The company provides wastewater treatment, recycling and reuse, and solid waste treatment solutions. As of July 31, 2026, it had commissioned 728 wastewater treatment installations. It also operates two integrated solid waste treatment facilities in Goa.
Total income rose to Rs 821 crore in FY26 from Rs 727 crore in FY25, while profit after tax increased to Rs 160 crore from Rs 152 crore.
The shares carried an unofficial grey market premium of around Rs 30, or 9%, over the upper price band. That indication can change before listing and does not guarantee the listing price or investor returns.
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This FinanceVelix article provides general information, not personalized financial, investment, legal, or tax advice. Market prices, interest rates and economic conditions can change; investments carry a risk of loss. Facts reflect the material available when published and may change. Check important information independently and consult a qualified professional when needed. Mentioning an asset, company, or service is not an endorsement.
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