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SFC Environmental Technologies IPO
SFCTECHPrice Band
₹313.0–330.0
Issue Size
₹667.53 Cr
Lot Size
45 shares
Min Investment
₹14,850
GMP
+₹22.0 (6.67%)
Issue Price
₹330.0
Subject to Sauda
₹800
Paid only if allotted
SFC Environmental Technologies IPO AI Summary
- SFC Environmental Technologies IPO is upcoming on BSE, NSE in the Waste Management sector.
- Price band: ₹313.0–₹330.0 per share, lot size 45 shares (min. investment ₹14,850).
- Subscription window: 27 Oct–29 Oct 2026, listing on 03 Nov 2026.
- Current GMP is +₹22.0 (6.67%), an estimated listing price of ₹352 — unofficial and can change daily.
TopFund is not SEBI-registered — this is educational analysis, not personalized investment advice.
Important Dates
Subscription Status
IPO not open yet
Opens 27 Oct 2026 · in 1 days
SFC Environmental Technologies IPO Grey Market Premium (GMP) Today
GMP
+₹22.0
GMP %
+6.67%
Est. Listing
₹352.0
Updated: 26 Oct 2026 23:30
GMP Trend (Last 6 Days)
TopFund Score — Listing Data Indicator
GMP is 6.7% above issue price
Subscription not open yet
No anchor allocation for this IPO
Similar IPOs (same IPO type) averaged 17.9% listing gain
A rules-based composite of GMP, subscription demand, anchor participation and comparable-IPO history — each weighted as shown above. Not a statistically validated probability, a guarantee of listing performance, or personalized investment advice.
Limitations: weights are fixed by TopFund, not backtested against outcomes; the "Historical Similar-IPO Performance" factor needs at least 3 comparable past listings and falls back to a broader, less specific cohort when this sector/type doesn't have enough; GMP and subscription data can change daily right up to listing day, so scores shown may already be stale — check the "as of" date above.
About the Company
SFC Environmental Technologies Limited provides advanced technologies and integrated engineering solutions for wastewater treatment (WWT), wastewater recycling and reuse (WRR), and solid waste treatment (SWT). Its services cover the design, engineering, manufacturing, supply, installation supervision, and commissioning of wastewater treatment systems and related equipment. The company's wastewater treatment technologies have a reported treatment capacity of approximately 14,812.86 million litres per day (MLD). In the solid waste treatment segment, it offers end-to-end solutions encompassing design, engineering, financing, construction, equipment supply, installation, commissioning, performance testing, turnkey project execution, and operations and maintenance (O&M). For solid waste processing, the company has developed Organic Extraction (OREX), a proprietary technology designed to separate biodegradable organic matter from inorganic materials and lignocellulosic fibres in mixed municipal waste. This technology supports the efficient processing and recovery of useful components from municipal solid waste. The company's wastewater treatment portfolio includes its proprietary C-Tech Cyclic Activated Sludge Technology, which is based on the Sequencing Batch Reactor (SBR) process. This technology is designed to treat domestic sewage and industrial wastewater efficiently, offering advantages such as high treatment performance, lower life-cycle costs, operational simplicity, and space-efficient plant design. Its business activities are primarily organised around wastewater treatment, wastewater treatment business solutions, and solid waste treatment. SFC Environmental Technologies Limited primarily operates on a business-to-business (B2B) model, catering to institutional, infrastructure, municipal, and industrial customers. The company has reported commissioning approximately 639 C-Tech systems, with different disclosures indicating installations ranging from 621 to 639 systems in its wastewater treatment business. Its technologies have been associated with wastewater treatment capacities exceeding 15,000 MLD, and the company has reported an approximately 80% market share in India's SBR-based wastewater treatment technology segment. Its wastewater treatment customers 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, and Gharpure Engineering & Constructions Private Limited, among others. These customers contribute substantially to revenue generated from the wastewater treatment business. Competitive Strengths Technology-led market position: The company benefits from specialised wastewater treatment technologies and an established presence in the SBR-based treatment segment. Technology integration and continuous innovation: Its focus on developing and improving proprietary technologies supports operational efficiency and strengthens its engineering capabilities. Repeat business and order book visibility: Established customer relationships, repeat orders, and a strong order book support business continuity and revenue visibility. Experienced management team: The company draws on management expertise and industry experience to execute projects and develop its environmental technology business.
Company Financials (₹ Cr)
As of 2026-06-30
| Period Ended | 30 Jun 2026 | 31 Mar 2026 | 31 Mar 2025 | 31 Mar 2024 |
|---|---|---|---|---|
| Assets | 1,224.56 | 1,323.43 | 999.47 | 904.94 |
| Total Income | 137.90 | 821.27 | 726.96 | 676.74 |
| Profit After Tax | 1.48 | 160.21 | 152.01 | 144.17 |
| EBITDA | 9.86 | 235.81 | 207.48 | 193.25 |
| NET Worth | 805.49 | 804.17 | 648.68 | 534.30 |
| Reserves and Surplus | 784.14 | 782.63 | 628.54 | 526.41 |
| Total Borrowing | 204.77 | 195.64 | 83.71 | 139.16 |
Key Ratios
EPS
₹17.15
NAV
₹86.09
ROE
21.55%
ROCE
22.21%
RoNW
21.25%
P/B Value
3.83
P/E Ratio
19.24
Market Cap
₹3232.57 Cr
PAT Margin
19.94%
Debt/Equity
0.24
Peer Comparison
| Company | NAV | RoNW | P/E (x) | EPS Basic | EPS Diluted |
|---|---|---|---|---|---|
| Ion Exchange India Ltd. | 91.3 | 11.2% | 31.34 | 12.03 | 12.03 |
| Praj Industries Ltd. | 71.22 | 1.77% | 220.77 | 1.3 | 1.3 |
| Thermax Ltd. | 492.55 | 13.74% | 52.01 | 63.95 | 63.94 |
| SFC Environmental Technologies Limited This IPO | 86.09 | 21.25% | — | 16.52 | 16.52 |
Promoters
Sandeep Sudhakar Asolkar, Priya Sandeep Asolkar, Prachiti Sandeep Asolkar, Saketchandrasingh Pratapsingh Dhandoriya
Objects of the Issue
# | Issue Objects | Est Amt (₹ Cr.) 1 | Prepayment of all or a portion of certain outstanding borrowings availed by Company and wholly owned Subsidiary, namely Vasudha Waste Treatment Pvt.Ltd. | 42.23 2 | Funding working capital requirements | 74.92 3 | General Corporate Purposes | | Total | 117.15
IPO Evaluation
Generated 24 Oct 2026Revenue Trend
Total income was ₹676.74 Cr in the year ending 31 Mar 2024, rising to ₹726.96 Cr by 31 Mar 2025, and further increasing to ₹821.27 Cr by 31 Mar 2026. However, the most recent figure of ₹137.90 Cr as of 30 Jun 2026 is a 9-month figure, not a full year, so isn't directly comparable.
Profit Trend
Profit After Tax was ₹144.17 Cr for the year ending 31 Mar 2024, increasing to ₹152.01 Cr by 31 Mar 2025, and further rising to ₹160.21 Cr by 31 Mar 2026. The most recent figure of ₹1.48 Cr as of 30 Jun 2026 is a 9-month figure, not a full year, so isn't directly comparable.
Valuation
At the issue price of ₹330.0, SFC Environmental Technologies has an implied P/E ratio of 19.24, compared to peers trading at P/E ratios ranging from 31.34 to 220.77.
Grey Market Premium, Explained
The Grey Market Premium (GMP) indicates the expected listing price of an IPO in the stock market compared to its issue price. A positive GMP suggests that investors anticipate a higher market price upon listing, while a negative GMP indicates the opposite. GMP is not a guarantee but rather a market sentiment indicator.
Who This IPO Suits
Investors comfortable with short-term volatility and a long-term horizon typically weigh IPOs like this against their investment goals and risk tolerance. It's important to consider the company's fundamentals, market conditions, and potential for growth.
Who May Want to Wait
Those who prefer stable and established companies with predictable earnings may want to avoid IPOs like this, which can be subject to market fluctuations and uncertainties.
IPO Timeline, Explained
The IPO process includes several key dates: the issue opens on 27 October 2026 and closes on 29 October 2026. Allotment of shares will be finalized by 30 October 2026, with the listing expected to occur on 3 November 2026.
Listing Gains — The Risk
Listing gains refer to the potential profit an investor could make by selling shares on the listing day if the market price exceeds the issue price. However, these gains are not guaranteed and can be influenced by market conditions, investor sentiment, and overall demand for the stock.
This evaluation is generated from SFC Environmental Technologies's own public IPO filing data for educational purposes and is not investment advice or a recommendation to apply, subscribe to, or avoid this issue — see Broker Recommendations below for named third-party research views (clearly attributed, not TopFund's own). TopFund is not a SEBI-registered investment adviser — see our Disclaimer.
Frequently Asked Questions
What is SFC Environmental Technologies IPO GMP today?
SFC Environmental Technologies IPO GMP today is +₹22.0 (6.67%), indicating an estimated listing price of ₹352. GMP is an unofficial grey-market indicator and can change daily.
What is the price band of SFC Environmental Technologies IPO?
The price band of SFC Environmental Technologies IPO is ₹313.0–₹330.0 per share.
When does SFC Environmental Technologies IPO open and close?
SFC Environmental Technologies IPO opens on 27 October 2026 and closes on 29 October 2026.
When does SFC Environmental Technologies IPO list on the stock exchange?
SFC Environmental Technologies IPO is scheduled to list on 03 November 2026, with an estimated listing price of ₹352.0 based on current GMP.
What is the lot size for SFC Environmental Technologies IPO?
The lot size for SFC Environmental Technologies IPO is 45 shares, requiring a minimum investment of ₹14,850.
What is the TopFund Listing Data Indicator for SFC Environmental Technologies?
SFC Environmental Technologies's Listing Data Indicator score is 47/100 (Moderate signal), a weighted composite of GMP strength, subscription demand, anchor investor interest and how similar past IPOs performed on listing. It's a rules-based summary of public market data, not a statistically validated probability, a guarantee, or personalized investment advice.
What is the lot size for this IPO?
The lot size for SFC Environmental Technologies IPO is 45 shares.
What is the minimum investment required?
The minimum investment required is ₹14,850.0.
What is the price band for the IPO?
The price band for the IPO is ₹313.0 to ₹330.0.
When is the listing date for the IPO?
The listing date for the IPO is 3 November 2026.
What does GMP mean?
GMP stands for Grey Market Premium, which indicates the expected premium of the stock on its listing day.
Issue Details
Investor Allocation
Registrar
Lead Managers / Book Running
IPO Timeline
Open
27 Oct 2026
Close
29 Oct 2026
Allotment
30 Oct 2026
Listing
03 Nov 2026
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