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InvestmentsIPOSFC Environmental Technologies IPO

SFC Environmental Technologies IPO

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Open Date

27 Oct 2026

Close Date

29 Oct 2026

Min Investment

₹ 14,085

Lot Size

45

Issue Size

₹ 667.53 Cr

Price Range

₹ 313 - ₹ 330

Subscribed

0.06 x
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status

IPO Open Now.

IPO Timeline
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IPO Offer Start
27 Oct 2026
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IPO Offer Ends
29 Oct 2026
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Allotment Finalisation
30 Oct 2026
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Refund Initialisation
2 Nov 2026
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Non-Institutional Buyers (sHNI)
2 Nov 2026
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Listing of Shares
3 Nov 2026
IPO Subscription Details as on 27 Oct 2026, 10:09 PM
Qualified Instituational Buyers (QiB)
0 x
Retail
0.1 x
Total
0.06 x
Non-Institutional Buyer (bHNI)
0.04 x
Non-Institutional Buyer (sHNI)
0.1 x
Note: This information is provided for general guidance only. Dates may be subject to change.
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About the Company
Incorporated in 2005, the company is an environmental technology firm offering solutions in wastewater treatment (WWT), wastewater recycling & reuse (WRR), and solid waste treatment (SWT). The company holds over 80% market share in sequencing batch reactor (SBR) technology in India through its proprietary C-Tech platform, with 728 installations facilitating treatment of 17,511 MLD of wastewater as of July 2026. In the SWT segment, the company operates two integrated facilities in Goa with 425 TPD aggregate capacity using its proprietary OREX technology, and has secured CBG plant orders worth ₹5,017 million. The company reported revenue from operations of ₹8,036 million in Fiscal 2026, growing at a CAGR of 10.56% from Fiscal 2024, with a PAT margin of ~20% and a total order book of ₹16,566 million as of August 2026.
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Founded In

2005

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CEO

Mandar Dinkar Desai

Financials of Sfc Environmental Technologies IPO

Income Statement
Balance Sheet
Cash Flows
Total Income
Total Expenses
Total Profit
Key Performance IndicatorsJun 2025Mar 2026Jun 2026
Operating Revenue67.79803.63133.94
Other Income3.3317.643.95
Total Income
71.14821.27137.90
Total Expenses
72.07610.53135.96
Profit Before Tax-0.48211.492.15
Total Profit
-0.28160.211.48

All figures are in crores (₹)

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Utilisation of Proceeds

All figures are in crores (₹)

PurposeAmount
The company intends to utilize a portion of the Net Proceeds towards prepayment of all or a portion of certain outstanding term loans availed by the company and its wholly owned subsidiary, Vasudha Waste Treatment Private Limited, to reduce existing borrowings and maintain a favourable debt-equity ratio.42
The company proposes to utilize a portion of the Net Proceeds to fund incremental working capital requirements for Fiscal Year 2027, driven by increasing trade receivables and inventories due to business growth and seasonal sales cycles.75
The company intends to utilize a portion of the Net Proceeds towards general corporate purposes including meeting ongoing contingencies, funding growth opportunities, strategic initiatives, strengthening marketing capabilities, and capital expenditure, not exceeding 25% of Gross Proceeds.-
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  • Technology Driven Market Leadership in the Wastewater Treatment Market: The company holds over 80% market share in SBR technology in India, with 728 installations commissioned and technologies facilitating treatment of 17,511.11 MLD of wastewater as of July 31, 2026, including one of the largest STPs under development with 424 MLD capacity.
  • Vertical Integration through Constant Innovation and Use of Technology: The company has developed in-house manufacturing capabilities for key components (decanters, diffusers, turbo blowers, PLCs, solar sludge drying systems) and forged exclusive strategic tie-ups, reducing dependence on third-parties and ensuring quality control across its supply chain.
  • Well-Positioned to Capture Market Opportunities in the Solid Waste Treatment Segment: The company operates two integrated SWT facilities in Goa with aggregate capacity of 425 TPD, achieving biogas yield of over 150 Nm?/ton vs. industry average of 80-100 Nm?/ton, and holds an SWT order book of ₹4,545.41 million as on August 31, 2026.
  • High Proportion of Repeat Business with Strong Order Book: The company's revenue from repeat customers stood at 97.41% for Q1 FY2027 and 91.98% for FY2026, with a total order book (WWT, WRR, and SWT) of ₹16,566.43 million as on August 31, 2026, reflecting strong customer trust and market position.
  • Track Record of Consistent Performance and Strong Financial Profile: The company's revenue from operations grew at a CAGR of 10.56% from ₹6,574.95 million in FY2024 to ₹8,036.29 million in FY2026, with a PAT margin of ~19.94%-21.93% across the last three fiscals and a net worth of ₹8,041.73 million as at March 31, 2026.
  • Proven Management Experience and Leadership: The company is anchored by a strong management team, with majority of Key Managerial Personnel and Senior Management having over 10 years of association, providing strategic stability, operational continuity, and deep industry expertise across functional areas.

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