SFC Environmental IPO opens October 27 at Rs 313-330 a share
By Arjun MehtaSenior Business Editor, Peepals Business
Representative image: u_nnjglrk13q / Pixabay
Wastewater treatment firm SFC Environmental Technologies opens its Rs 667.53 crore IPO on October 27, 2026 at Rs 313-330 a share; most of it is an offer for sale.
What Happened
SFC Environmental Technologies, a Navi Mumbai-based company that designs, builds and runs wastewater and solid waste treatment plants, has set a price band of Rs 313 to Rs 330 per share for its initial public offering. The issue, worth about Rs 667.53 crore at the upper end, opens on Tuesday, October 27, 2026 and closes on Thursday, October 29. It is made up of a fresh issue of Rs 150 crore and an offer for sale of about Rs 517.53 crore by existing shareholders, and the shares are expected to list on the BSE and NSE around November 3.
Key Facts
- Price band: Rs 313 to Rs 330 per share; bidding from October 27 to October 29, 2026.
- Issue size: about Rs 667.53 crore, made up of a fresh issue of 45.45 lakh shares (Rs 150 crore) and an offer for sale of 1.57 crore shares (Rs 517.53 crore).
- Minimum bid: one lot of 45 shares, or Rs 14,850 at the upper price.
- Tentative allotment around October 30 and listing on BSE and NSE around November 3, 2026.
- The company, founded in 2005, uses its own sequencing batch reactor (SBR) process for wastewater treatment and says it has commissioned 728 wastewater installations.
- For 2025-26, the company reported total income of Rs 821.27 crore, up from Rs 726.96 crore a year earlier, and a profit after tax of Rs 160.21 crore against Rs 152.01 crore.
- About Rs 42.23 crore of the fresh issue money is earmarked for repaying debt.
Why It Matters
SFC Environmental works in wastewater treatment, wastewater recycling and solid waste treatment, building and running plants that clean sewage and industrial wastewater before it is released or reused.
SFC Environmental's pitch is built on its SBR technology. A sequencing batch reactor treats wastewater in batches inside one tank, filling, treating, settling and drawing off clean water in a fixed cycle, which can save space compared with plants that need several separate tanks. One IPO review quotes the company's claim of more than 80% of India's SBR market. The company has also moved into solid waste treatment, with plants in Goa and orders for compressed biogas, which is made from organic waste.
For investors, the structure of the issue matters. About 78% of the money raised will go to existing shareholders selling their stake, not to the company. Only the Rs 150 crore fresh issue goes into the business, part of it to repay debt. Investors should also note that the company's profit for the June 2026 quarter was small, about Rs 1.4 crore on revenue of about Rs 133.9 crore, according to figures reported from the offer document, which shows how uneven quarterly earnings can be in a project business.
| Detail | SFC Environmental Technologies IPO |
|---|---|
| Price band | Rs 313 to Rs 330 |
| Issue size | About Rs 667.53 crore |
| Fresh issue / offer for sale | Rs 150 crore / Rs 517.53 crore |
| Lot size | 45 shares (Rs 14,850) |
| Bidding dates | October 27 to 29, 2026 |
Impact
Short-term: The issue opens in a busy week for the primary market, alongside other new issues and the listing of Jio Platforms on October 28. Retail investors who wish to apply can bid through their bank's ASBA facility or a UPI-linked broker app between October 27 and October 29.
Long-term: A listing would give SFC Environmental access to public capital for future growth and add a specialised water-treatment company to the listed market, where investors can track the sector's growth.
Who is affected: Investors considering the issue, existing shareholders selling in the offer for sale, the company's employees, municipal bodies and industries that use its plants, and other water-treatment companies that may look at the market's response before planning their own listings.
Key Takeaway
SFC Environmental Technologies will seek Rs 667.53 crore through an IPO from October 27 to 29, 2026 at Rs 313-330 a share, with most of the money going to selling shareholders rather than the company.
Questions and Answers
What is the price band of the SFC Environmental Technologies IPO?
The price band is Rs 313 to Rs 330 per share. The issue opens on October 27, 2026 and closes on October 29, 2026.
How big is the SFC Environmental Technologies IPO?
The issue is about Rs 667.53 crore: a fresh issue of Rs 150 crore and an offer for sale of about Rs 517.53 crore by existing shareholders.
What is the minimum investment?
The minimum bid is one lot of 45 shares, which costs Rs 14,850 at the upper end of the price band.
What does SFC Environmental Technologies do?
It designs, builds and runs wastewater and solid waste treatment plants, using its own sequencing batch reactor process, and says it has commissioned 728 wastewater installations.
Disclaimer: Prepared by the Peepals newsroom from publicly available sources with AI assistance. Information is accurate to the best of our knowledge at the time of publication and may change. Images may be representative. Not professional advice. Report an error via our contact page.
By Arjun Mehta, Senior Business EditorCovers Start-ups & Opportunities and more for Peepals Business. All stories by Arjun Mehta
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Arjun Mehta is a pen name of the Peepals Global Editorial Team, which researches, fact-checks and publishes every story. The portrait is an illustration.
