SFC Environmental Technologies IPO allotment is expected to be finalised on October 30, 2026, following a 9.47 times subscription to the ₹667.53 crore issue. According to NSE data, the IPO received bids for 13,41,12,240 shares against 1,41,59,744 shares on offer by the close of bidding on October 29. The subscription pattern showed exceptional institutional interest with qualified institutional buyers (QIBs) leading at 18.81 times subscription, while non-institutional investors (NIIs) achieved 12.81 times subscription and retail investors received 2.71 times subscription for their reserved portions. The IPO, which opened on October 27, 2026, closed on October 29, 2026 with strong investor demand across all categories.
The company successfully raised ₹200.25 crore from 11 anchor investors on October 26, demonstrating strong institutional confidence ahead of the public issue. As reported by The Hindu BusinessLine, SFC Environmental Technologies allotted 60.68 lakh shares to institutional investors through the anchor book at ₹330 per share. Notably, 54.09 lakh shares were allotted to eight domestic mutual funds, including SBI Mutual Fund, Nippon Life India, ICICI Prudential AMC, Quant Mutual Fund, Edelweiss, and Sundaram Mutual Fund. Other prominent investors included Government Pension Fund Global, Societe Generale, Edelweiss Life Insurance Company, Nippon India Mutual Fund, and ICICI Prudential Mutual Fund.
In the grey market, SFC Environmental Technologies shares are commanding a grey market premium of around 6% on the morning of October 30, as per InvestorGain. The grey market premium serves as an unofficial indicator of investor sentiment towards the public issue before listing, though it does not guarantee listing gains and can fluctuate based on market conditions and investor demand. At the upper price band of ₹330 per share, the minimum investment for retail investors will be ₹14,850, while the maximum investment under the individual retail category will be ₹1,93,050, equivalent to 585 shares.
The company posted a profit of ₹1.5 crore in the first quarter of FY27, compared with a loss of ₹1.3 crore in the corresponding quarter of the previous financial year. Revenue nearly doubled to ₹133.9 crore in the quarter ended June 2026, from ₹67.8 crore in the year-ago period. As reported by CNBC TV18, the company plans to use ₹42.23 crore from the net proceeds of the fresh issue to repay debt and ₹74.92 crore to meet working capital requirements, with the remaining proceeds allocated to general corporate purposes. As of July 2026, the company's outstanding borrowings stood at ₹253.1 crore. CFO Amit Sawant revealed that the company currently has total debt of around ₹200 crore, including term loans and working capital facilities, while net debt stands at approximately ₹50-60 crore. The repayment is expected to bring net debt close to zero and reduce annual finance costs by around ₹3-4 crore.
According to Moneycontrol, SFC Environmental Technologies maintains a robust order book worth ₹1,656.5 crore as of August 2026, distributed across its key business segments. The company has an order book worth ₹641 crore in wastewater treatment, ₹561 crore in wastewater recycling and reuse, and ₹454.5 crore in solid waste treatment. The company operates across 23 states and five Union Territories, serving municipal bodies, government-owned entities and engineering companies. Its solid waste business uses its proprietary OREX technology to separate biodegradable organic matter from municipal waste for biogas generation and resource recovery. It operates two integrated solid waste treatment facilities in Goa with a combined capacity of up to 425 tonnes per day and has secured orders for compressed biogas plants in Assam and Odisha through a subsidiary. Incorporated in 2005, the Mumbai-based company provides wastewater treatment solutions using proprietary technologies, including C-Tech, an advanced technology for treating sewage and effluents. Its customers include SMC Infrastructures, Rajkamal Builders Infrastructure, Ramky Infrastructure, EMS and Enviro Infra Engineers.
SFC Environmental Technologies IPO allotment status is likely to be finalised on October 30, 2026, with listing on stock exchanges scheduled for November 3, 2026. As per NSE data, the IPO comprises a fresh issue of ₹150 crore and an offer for sale (OFS) of 1.56 crore equity shares worth ₹517.53 crore. The company has fixed a price band of ₹313-330 per share, valuing it at around ₹3,232.5 crore at the upper end. IIFL Capital Services, JM Financial and Nuvama Wealth Management are the book-running lead managers, while MUFG Intime India serves as the registrar. Refunds for unsuccessful applicants and credit of allotted shares to demat accounts are scheduled for November 2, 2026, ahead of the November 3 listing. Investors can check their allotment status through the registrar's website, BSE IPO application status page, or NSE IPO bid verification page using their application number or PAN details.
