SFC Environmental Technologies IPO

SFC Environmental Technologies IPO is set to enter the Indian primary market on October 27, 2026, and will remain open for subscription until October 29, 2026. The mainboard IPO is a book-built issue comprising a fresh issue of ?150 crore and an Offer for Sale (OFS) of 1,56,82,750 equity shares, each carrying a face value of ?2. 

SFC Environmental Technologies IPO aims to raise approximately ?667.5 crore through the issue, with its shares proposed to be listed on the BSE and NSE. The price band is set at ?313–?330 per share. IIFL Capital Services, JM Financial and Nuvama Wealth Management are managing the issue, while MUFG Intime India is the registrar. 

The company's promoters are Sandeep Sudhakar Asolkar, Priya Sandeep Asolkar and Saketchandrasingh Pratapsingh Dhandoriya. The company plans to use ?42.2 crore from the fresh issue proceeds to repay borrowings and ?74.9 crore to meet working capital requirements, with the remaining funds allocated to general corporate purposes. Proceeds from the OFS will go to the selling shareholders. 

About SFC Environmental Technologies Ltd.

Incorporated in March 2005, SFC Environmental Technologies Limited provides technology and engineering solutions for wastewater treatment, wastewater recycling and reuse, and solid waste treatment. Its wastewater treatment business primarily uses proprietary C-Tech technology, an advanced sequencing batch reactor (SBR) process for treating sewage and industrial effluent. The Company offers technology packages, equipment, automation systems, installation, commissioning and related services. As of July 31, 2026, it had commissioned 728 wastewater treatment installations, with its technologies enabling the treatment of 17,511.11 million litres of wastewater per day. 

The Company has expanded into wastewater recycling and reuse through ultrafiltration (UF), closed circuit reverse osmosis (CCRO) and membrane bioreactor (MBR) technologies. Its offerings in this segment are supported by an exclusive supply arrangement with DuPont for selected products in India. In solid waste treatment, the Company uses its proprietary Organic Extraction (OREX) technology to separate biodegradable organic matter from mixed municipal waste, supporting biogas production and resource recovery. It operates two integrated solid waste treatment facilities in Goa with a combined treatment capacity of up to 425 tonnes per day. 

Through its subsidiary, SFC Environmental Technologies has secured orders for compressed biogas plants in Assam and Odisha with a cumulative order value of ?5,017 million. It is also exploring projects involving agricultural waste and biomass. The Company operates across 23 states and five Union Territories in India, serving EPC contractors, municipal bodies and government-owned entities through technology supply, project execution and operations and maintenance services. 

As of August 31, 2026, the Company had 264 employees, including 149 engineers, working across engineering, manufacturing, installation, commissioning, sales, finance and other functions. Its growth plans focus on expanding wastewater recycling and reuse, solid waste treatment, compressed biogas and waste-to-energy projects.