Bookbuilding IPO | ₹[.] Cr | Listing at BSE, NSE |
SEBI has approved the Initial Public Offer (IPO) of SFC Environmental Technologies Ltd. on December 12, 2025. The company will proceed with next steps to launch the Initial Public Offer (IPO) subject to market conditions and other approvals. The SEBI approval is valid for 12 months.
SFC Environmental Technologies Ltd. IPO is a Book Build Issue consisting of fresh issue of ₹150.00 crores and an offer for sale (OFS) of upto 1.23 crore equity shares.
The equity shares are proposed to be listed on NSE and BSE. IIFL Capital Services Ltd. is the book running lead manager and MUFG Intime India Pvt.Ltd. is the registrar of the issue. Key details like IPO dates, IPO price bands and lot size are yet to be announced.
Refer to SFC Environmental Technologies IPO DRHP for more details.
| IPO Date | [.] |
| Listing Date | [.] |
| Face Value | ₹2 per share |
| Price Band | |
| Lot Size | |
| Sale Type | Fresh capital cum OFS |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Fresh Issue | [.] shares (agg. up to ₹150 Cr) |
| Offer for Sale | 1,23,07,500 shares of ₹2 (agg. up to ₹[.] Cr) |
| Share Holding Pre Issue | 9,34,11,270 shares |
| Description | Date |
|---|---|
| Filed with SEBI/Exchange | Thu, Dec 5, 2024 |
| Offer document withdrawn | Thu, Feb 27, 2025 |
| Filed with SEBI/Exchange | Mon, Aug 25, 2025 |
| SEBI/Exchange approval received | Fri, Dec 12, 2025 |
| Investor Category | Shares Offered |
|---|---|
| QIB Shares Offered | Not more than 50% of the Net Offer |
| Retail Shares Offered | Not less than 35% of the Net Offer |
| NII Shares Offered | Not less than 15% of the Net Offer |
Incorporated in 2005, SFC Environmental Technologies Limited offers technologies and comprehensive engineering solutions for wastewater treatment (“WWT”) and solid waste treatment (“SWT”). The company's core operations include providing design, technology, manufacturing, supply, and supervision for the installation and commissioning of wastewater treatment equipment.
The company's technologies facilitate the treatment of 14,812.86 million litres per day (“MLD”) of wastewater. The company offers technology solutions for SWT plants comprising design, engineering, financing, construction, supply and installation, commissioning, performance run, turnkey solutions and operations and maintenance (“O&M”).
The company's technology for solid waste treatment is Organic Extraction (“OREX”). OREX is a proprietary innovation, designed to efficiently separate biodegradable organics from inorganic materials and lignocellulosic fibres from mixed municipal waste.
The company offers wastewater treatment (WWT), wastewater recycling and reuse (WRR), and solid waste treatment (SWT). Their offering is the proprietary C-Tech Cyclic Activated Sludge Technology, an advanced Sequencing Batch Reactor (SBR) process for efficient treatment of domestic sewage and industrial effluents, known for high efficiency, low life-cycle costs, operational simplicity, and compact design.
SFC Environmental Technologies' operating divisions include wastewater treatment, WWT Business Model, and Solid waste treatment.
It is a B2B (business-to-business) company that primarily serves large-scale institutional and industrial clients. The company has commissioned approximately 639 C-Tech systems (with reported variations of 621–639 installations in the wastewater segment), treating over 15,000 million litres per day (MLD) of wastewater. It holds ~80% market share in India's SBR wastewater treatment technology.
WWT customers contributing to the majority of the revenue from operations include Enviro Control Private Limited, Vishvaraj Environment Private Limited, Khilari Infrastructure Private Limited, SMC Infrastructures Private Limited, Rajkamal Builders Infrastructure Private Limited, Ramky Infrastructure Private Limited, GVPR Engineers Limited, HNB Engineers Private Limited, Gharpure Engineering & Constructions Private Limited and more.
Competitive Strengths:
SFC Environmental Technologies Ltd.'s revenue increased by 7% and profit after tax (PAT) rose by 5% between the financial year ending with March 31, 2025 and March 31, 2024.
| Period Ended | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
|---|---|---|---|
| Assets | 999.47 | 904.94 | 608.77 |
| Total Income | 726.96 | 676.74 | 530.83 |
| Profit After Tax | 152.01 | 144.17 | 94.81 |
| EBITDA | 163.04 | 171.63 | 90.47 |
| NET Worth | 648.68 | 534.30 | 395.42 |
| Reserves and Surplus | 622.69 | 520.57 | 388.33 |
| Total Borrowing | 83.71 | 139.16 | 46.41 |
| Amount in ₹ Crore | |||
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | 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 | 47.46 |
| 2 | Funding our working capital requirements | 69.67 |
| 3 | General corporate purposes |
| KPI | Mar 31, 2025 |
|---|---|
| ROE | 24.84% |
| ROCE | 29.29% |
| Debt/Equity | -0.08 |
| RoNW | 24.36 |
| PAT Margin | 21.78% |
| EBITDA Margin | 29.73% |
| Pre IPO | Post IPO | |
|---|---|---|
| Promoter Holding | 42.84% |
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Fees payable to the BRLMs and commissions (including underwriting commission, brokerage and selling commission, as applicable) | |
| 2 | Commission / processing fee for SCSBs, Bankers to the Offer and fee payable to the Sponsor Bank for Bids made by RIBs. Brokerage, underwriting commission and selling commission and bidding charges for Members of the Syndicate, Registered Brokers, RTAs and CDPs | |
| 3 | Fees payable to Registrar to the Offer | |
| 4 | Advertising and marketing expenses | |
| 5 | Fee payable to auditors, consultants and market research firms | |
| 6 | Others: (i) Listing fees, SEBI filing fees, upload fees, BSE and NSE processing fees, book building software fees and other regulatory expenses; (ii) Printing and distribution of stationery; (iii) Fees payable to legal counsel; and (iv) Miscellaneous. |
SFC Environmental Technologies IPO is a main-board IPO of 0 equity shares of the face value of ₹2 aggregating up to ₹[.] Crores. The issue is priced at To be declared. The minimum order quantity is .
The SFC Environmental Technologies IPO open and close dates are not available as of now.
MUFG Intime India Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
Zerodha customers can apply online in SFC Environmental Technologies IPO using UPI as a payment gateway. Zerodha customers can apply in SFC Environmental Technologies IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in SFC Environmental Technologies IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The SFC Environmental Technologies IPO dates are not announced. Please check back again after some time.
SFC Environmental Technologies IPO lot size and the minimum order quantity is not available at this time. Please check again later.
You can apply in SFC Environmental Technologies IPO online using either UPI or ASBA as a payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO Application is offered by brokers who don't offer banking services. Read more detail about applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.
The finalization of Basis of Allotment for SFC Environmental Technologies IPO will be done on [.], and the allotted shares will be credited to your demat account by . Check the SFC Environmental Technologies IPO allotment status.
The SFC Environmental Technologies IPO listing date is not yet announced. The tentative date of listing is .
