SFC Environmental Technologies IPO ends with 9.47 times subscription
SFC Environmental Technologies received bids for 13,41,33,255 shares as against 1,41,59,744 shares on offer. The issue was subscribed 9.47 times.
The qualified institutional buyers' (QIB) portion was subscribed 18.81 times, while the non-institutional investors' (NII) category was subscribed 12.81 times. The retail individual investors' (RII) segment was subscribed 2.71 times.
The issue opened for bidding on 27 October 2026 and closed on 29 October 2026. The price band of the IPO is fixed between Rs 313 and Rs 330 per share.
The IPO comprised a fresh issue of 45,45,454 equity shares, aggregating up to Rs 150 crore, and an offer for sale (OFS) of 1,56,82,750 equity shares, aggregating up to Rs 517.53 crore, by promoters and other selling shareholders. The total issue size stood at Rs 667.53 crore at the upper price band.
Of the net proceeds from the fresh issue, the company intended to utilise Rs 42.23 crore towards repayment or prepayment of certain outstanding borrowings availed by the company and its subsidiary, Rs 74.92 crore towards funding working capital requirements and the balance for general corporate purposes.
The promoters and promoter group hold 48.18% of the pre-offer equity share capital. Their post-IPO shareholding is expected to be around 41.18%.
SFC Environmental Technologies is an environmental technology company incorporated in 2005, providing engineering solutions for wastewater treatment (WWT), wastewater recycling and reuse (WRR), and solid waste treatment (SWT). Its operations include technology development, design, engineering, manufacturing, equipment supply, installation supervision and commissioning. The company uses proprietary C-Tech technology for wastewater treatment and Orex technology for solid waste treatment. As of 31 July 2026, it had commissioned 728 wastewater treatment installations and operated two integrated solid waste treatment facilities in Goa with an aggregate treatment capacity of up to 425 tonnes per day. Its order book stood at Rs 1,656.64 crore as of 1 August 2026.
Ahead of the IPO, SFC Environmental Technologies, on 26 October 2026, raised Rs 200.26 crore from anchor investors. The company allotted 60,68,460 equity shares at Rs 330 each.
The company reported a consolidated net profit after minority interest of Rs 154.36 crore and sales of Rs 803.63 crore for the twelve months ended 31 March 2026.
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