SFC ENVIRONMENTAL TECHNOLOGIES LTD IPO: Company Review and Dated Updates

2026-10-26 - Company overview and issue details

SFC ENVIRONMENTAL TECHNOLOGIES LTD IPO (ABOUT THE COMPANY)

SFC ENVIRONMENTAL TECHNOLOGIES LTD – COMPANY BACKGROUND

SFC Environmental Technologies Ltd provides technology, design and engineering services for waste water treatment plants. It also undertakes supply and installation, thus offering the full suite of services. It handles waste water treatment, waste water recycling and reuse, as well as solid waster treatment. It uses its proprietary C-Tech technology to handle wastewater treatment. Till date, the company has installed 728 waste water treatment installations, facilitating the treatment of nearly 17,511 million litres of water. It has 2 integrated solid waste treatment facilities in Goa with capacity of 425 tonnes per day. It currently operates across 23 states and 5 union territories in India.

The promoters of SFC Environmental Technologies Ltd are Sandeep Sudhakar Asolkar, Priya Sandeep Asolkar, Prachiti Sandeep Asolkar, and Saketchandrasingh Dhandoriya. The fresh issue will be mainly deployed for repayment / prepayment of debt of the parent and its subsidiary, funding working capital requirements, and general corporate purposes. The issue is being lead-managed by IIFL Capital Services, JM Financial, and Nuvama Wealth Management; while MUFG Intime India Private Ltd is the IPO registrar.

HIGHLIGHTS OF THE IPO ISSUE OF SFC ENVIRONMENTAL TECHNOLOGIES LTD

Here are the key highlights of the public issue of SFC Environmental Technologies Ltd.

The IPO is open from October 27th, 2026 to October 29th, 2026. It has a face value of ₹2 per share and the IPO price band has been fixed in the range of ₹313 to ₹330 per share.

The IPO of SFC Environmental Technologies Ltd will a combination of a fresh issue of shares as well as an offer for sale (OFS) component. The OFS will be by the investor shareholders and the promoter shareholders of the company.

The fresh issue portion of the IPO comprises the issue of 45,45,454 shares (45.45 lakh shares), which at the upper price band of ₹330 per share, translates into a fresh issue size of ₹150.00 crore.

The offer for sale (OFS) portion of the IPO comprises the sale of 1,56,82,750 shares (156.83 lakh shares), which at the upper price band of ₹330 per share, translates into an offer for sale (OFS) size of ₹517.53 crore.

Therefore, the overall IPO will comprise of the fresh issue and an offer for sale (OFS) of 2,02,28,204 shares (202.28 lakh shares), which at the upper price band of ₹330 per share translates into an overall issue size of ₹667.53 crore.

Due to dilutive impact of the fresh issue of shares in the IPO, the promoter stake in the company will reduce from 48.19% pre-IPO to 41.18% post-IPO.

At the upper price band of ₹330 per share, the company, SFC Environmental Technologies Ltd, will have a post-issue market capitalization of ₹3,232.57 crore.

The IPO of SFC Environmental Technologies Ltd will be listed on the NSE and the BSE on the IPO mainboard. The anchor allocation happened on October 26, 2026.

KEY DATES, INVESTOR ALLOCATION, AND LOT SIZES

Here are the key dates pertaining to the IPO of SFC Environmental Technologies Ltd

Data Source: Company RHP

Investors can apply either through their existing trading account or the ASBA application can be directly logged through the internet banking account. This can only be done through the authorized list of self-certified syndicate banks (SCSB).

The table below captures the gist of the allocation to various categories.

Data Source: Security Parameters Filing (NSE)

The anchor portion, is carved out of the QIB portion and the QIB portion available in the IPO offer has been reduced proportionately. Please note that the above shares are final and may differ marginally from the original announcement.

Here is a quick look at the lot sizes applicable for the IPO of SFC Environmental Technologies Ltd for various categories of investors.

It may be noted here that for the B-HNI category and for the QIB (qualified institutional buyer) category, there are no upper limits applicable. (1 Lot = 45 shares)

FINANCIAL HIGHLIGHTS OF SFC ENVIRONMENTAL TECHNOLOGIES LTD

The table captures the key financials of SFC Environmental Technologies Ltd for last 3 financial years.

Data Source: Company RHP filed with SEBI (FY refers to Apr-Mar period)

Between FY24 and FY26, revenues of the company have growth by 22.2%. During the same period, the net margins actually tapered from 21.9% to 19.9%. In the same period, the EBITDA margins were flat around 29.3%. The ROE and the ROA have also tapered over the last 2 years as profits have not kept pace with the growth in top line.

VALUATION METRICS OF SFC ENVIRONMENTAL TECHNOLOGIES LTD IPO

At the IPO price of ₹330 (upper band), the stock gets discounted at a P/E ratio of 20.0X, based on the latest FY26 EPS of ₹16.52. If you compare with the peer group, the P/E ratio looks a lot more reasonable. This is despite the fact that SFC Environmental Technologies Ltd has higher ROE compared to other companies in the same sector.

There are some non-financial factors that one has to take into consideration. The proprietary technology gives them more control over costs and delivery. With increasing focus on environment friendly techniques, the demand is likely to increase rapidly. With over 90% repeat business, it becomes a moat for the company. Investors can look at the IPO from a medium to long-term perspective as it leaves returns on the table for investors.

2026-10-26 - Anchor allocation

SFC ENVIRONMENTAL TECHNOLOGIES LTD IPO (ANCHOR ALLOCATION 30.00%)

BRIEF ON ANCHOR ALLOCATION OF SFC ENVIRONMENTAL TECHNOLOGIES LTD

The anchor issue of SFC Environmental Technologies Ltd saw a strong response on 26th October 2026 with 30.00% of the IPO size absorbed by anchors. Out of 2,02,28,204 shares (202.28 lakh shares) on offer in the IPO; anchors picked up 60,68,460 shares (60.68 lakh shares) accounting for 30.00% of the total IPO size. The entire anchor allocation was made at the upper end of the price band of ₹330 per share. This includes the face value of ₹2 per share plus a share premium of ₹328 per share. The anchor bidding opened and closed on 26th October 2026.

KEY POINTS TO NOTE IN THE ANCHOR ALLOCATION PROCESS

Here are the key details pertaining to the anchor bidding of SFC Environmental Technologies Ltd

An anchor investor in an IPO is a qualified institutional buyer (QIB) like a foreign portfolio investor or mutual fund or insurance company or a sovereign fund which invests before the IPO is made available to the public as per SEBI regulations. It helps in price discovery.

MAJOR ANCHOR ALLOCATION INVESTORS IN SFC ENVIRONMENTAL TECHNOLOGIES LTD

On 26th October 2026, SFC Environmental Technologies Ltd allotted 60,68,460 shares to a total of 17 anchor investors. The allocation was done at the upper IPO price band of ₹330 per share which resulted in overall anchor allocation of ₹200.26 crore. The anchors have already absorbed 30.00% of the total issue size of ₹667.53 crore after factoring in the employee discount, if any, applicable to the employee allotment quota.

Listed below are the Top 10 IPO anchor investors who accounted for anchor collection of ₹169.13 crores, or, 84.45% of the overall anchor allocation of shares, one trading day ahead of the IPO of SFC Environmental Technologies Ltd. The individual anchor allocation (top-10) to these investors is indexed descending on the number of shares allotted.

Data Source: BSE Filings (Value Allocated is ₹ in Crore)

The detailed and comprehensive report on the anchor allocation, with the mutual fund portion segregated, can be accessed on BSE by clicking on the link below.

https://www.bseindia.com/downloads/UploadDocs/Notices/Attach/Anchor$0eaa21d5-dd07-4728-a60d-a4211d10d938.pdf

Out of the 60,68,460 shares allocated to the anchors in the IPO, there was an allocation of 54,09,150 shares made to mutual funds regulated by SEBI. This anchor allocation to mutual funds was spread across 14 MF schemes of 8 asset management company (AMC). Mutual funds accounted for 89.14% of the overall anchor allocation.

Out of the 60,68,460 shares allocated to the anchors in the IPO, there was an allocation of 3,03,075 shares to made to 1 life insurance company regulated by IRDAI. These life Insurance companies accounted for 4.99% of the overall anchor allocation.

The remaining anchor allocation was spread across FPIs, SIFs, and ODIs.

NEXT STEPS IN SFC ENVIRONMENTAL TECHNOLOGIES LTD IPO

Post the closure of the IPO subscription on 29th October 2026, the basis of allotment will be finalized on 30th October 2026 and the refunds will be initiated on 02nd November 2026. In addition, the demat credits are expected to also happen on 02nd November 2026 and the stock will list on 03rd November 2026 on the NSE and the BSE. The credits to the demat account to the extent of shares allotted will happen by the close of 02nd November 2026 under ISIN (INE0PKN01028).

Interested in applying for this IPO?

SERNET is an Authorised Person of Choice Equity Broking Pvt. Ltd. (SEBI Reg. No. INZ000160131). All broking services — trading, demat and IPO applications — are provided by Choice Equity Broking.

New to Choice FinX? Open a free account →

Already have an account? Log in to Choice FinX →

2026-10-29 - Day-3 subscription update

SFC Environmental Technologies Ltd (Day-3 Final Subscription at 9.47 times)

SFC ENVIRONMENTAL TECHNOLOGIES LTD - IPO SUBSCRIPTION STATUS ON DAY-3

As of 7.10 pm on 29th October 2026, out of the 141.60 lakh shares on offer in the IPO (excluding anchor portion), SFC Environmental Technologies Ltd saw bids for 1,341.33 lakh shares. This implies an overall subscription of 9.47X at a macro level. The granular break-up of subscriptions at close of Day-3 of the IPO of SFC Environmental Technologies Ltd was as under:

The subscriptions were led by the QIB Investors followed by the HNI / NII investors and the Retail investors in that order. QIB bids and NII bids typically gather most of the momentum only on the last day. That was the case in this IPO too. Both, the QIB portion and the HNI / NII portion saw bulk of the institutional, corporate and funded subscriptions come in on the last day of the IPO. The retail subscriptions were relatively more subdued in this case. The company had seen steady anchor participation a day ahead of the IPO opening with 30.00% of the IPO size absorbed by anchor investors. Here is the category-wise subscription. The overall subscription ratio excludes anchor portion.

Data Source: NSE / BSE (as of close of Day-3 of the IPO)

The IPO of SFC Environmental Technologies Ltd was open up to October 29, 2026, and has closed for subscription as of the close of trading hours on October 29, 2026. The subscription ratios presented in the table above represent the final subscription numbers for each category and also for the IPO overall. On the last day of the issue, the cut-off timing of 7.00 PM has been considered for the final subscription data of the IPO.

Generally, the listing price of the IPO and the post-listing performance tend to get influenced by the extent of oversubscription of the IPO. However, it must also be noted that a higher subscription is not an automatic guarantee of a strong listing performance for the IPO stock. The final subscription ratio excludes anchor portion. Total bids as of the close (including anchor allocation) stood at ₹4,626.66 crore.

NEXT STEPS IN THE SFC ENVIRONMENTAL TECHNOLOGIES LTD IPO

Post the closure of the IPO subscription on 29th October 2026, the basis of allotment will be finalized on 30th October 2026 and the refunds will be initiated on 02nd November 2026. In addition, the demat credits are expected to also happen on 02nd November 2026 and the stock will list on 03rd November 2026 on the NSE and the BSE. The credits to the demat account to the extent of shares allotted will happen by the close of 02nd November 2026 under ISIN (INE0PKN01028).

2026-10-29 - Allotment guidance and next steps

SFC Environmental Technologies Ltd IPO (How to check allotment status)

ABOUT THE SFC ENVIRONMENTAL TECHNOLOGIES LTD IPO

The IPO of SFC Environmental Technologies Ltd opened on October 27th, 2026 and closed on October 29th, 2026. The overall IPO comprised of a fresh issue and an offer for sale (OFS) component of 2,02,28,204 shares (202.28 lakh shares) worth ₹667.53 crore at the upper price band of ₹330 per share.

The allotment status will be finalized by end of day (EOD) of October 30, 2026. Here is how to check your allotment status for the IPO of SFC Environmental Technologies Ltd. You can check IPO status on the BSE website or on the NSE website or on the IPO Registrar website (MUFG Intime India Private Ltd).

CHECKING THE ALLOTMENT STATUS OF SFC ENVIRONMENTAL TECHNOLOGIES LTD IPO ON BSE WEBSITE

This is a facility available to all mainboard IPOs, irrespective of who the registrar to the issue is. Visit the BSE link for the IPO allotment by clicking on the link below.

https://www.bseindia.com/investors/appli_check.aspx

Once you reach the page, here are the steps to follow.

Under Issue Type – Select Equity Option

Under Issue Name – Select SFC Environmental Technologies Ltd from the drop-down box

Enter the Application Number / CAF exactly as in the acknowledgement slip OR

Enter your PAN (10-digit alphanumeric) number

Once this is done, you need to enter the Captcha Code (a 6-character alpha-numeric code) to verify you are not a robot

Finally click on the Submit Button

You can use either of the parameters to query; Application / CAF number or Investor PAN.

The allotment status will be displayed on the screen in front of you informing about the number of shares of SFC Environmental Technologies Ltd allotted into your demat account. You can save a screenshot of the allotment status output for subsequently verifying with the demat account credits.

CHECKING ALLOTMENT STATUS OF SFC ENVIRONMENTAL TECHNOLOGIES LTD IPO ON NSE WEBSITE

This is a common link for all IPOs. Click on NSE link for IPO allotment as below.

https://www.nseindia.com/invest/check-trades-bids-verify-ipo-bids

Once you reach the page, here are the steps to follow.

Under Issue Type – Select Equity & SME IPO Bid Details Option

Under SELECT SYMBOL – Select SFCTECH from the dropdown box

Enter the Application Number / CAF exactly as in the acknowledgement slip

Alternatively, you can enter your PAN (10-digit alphanumeric) number

Once the details are entered as above, you can click on Submit button.

Unlike in the past, to query allotment status on the NSE website, you need to only enter one of the inputs; Application / CAF number or the Investor PAN.

The allotment status will be displayed on the screen in front of you informing about the number of shares of SFC Environmental Technologies Ltd allotted into your demat account. You can save a screenshot of the allotment status output for tallying with the demat account credits.

CHECKING ALLOTMENT STATUS OF SFC ENVIRONMENTAL TECHNOLOGIES LTD ON MUFG INTIME INDIA PRIVATE LIMITED (REGISTRAR TO THE IPO)

Here are the steps to follow. Visit the Link Intime registrar website for IPO status by clicking on the link below:

https://in.mpms.mufg.com/Initial_Offer/public-issues.html

The first step is to select the company you want to query on. Here only companies where MUFG Intime India is the registrar and where allotment status has been finalized are shown.

Once you select the company for IPO query; there are 4 options available to you to access the allotment status, and you can use any of these options to query.

Firstly, you can use PAN access. Enter the 10-character alphanumeric income tax permanent account number (PAN). It is best to verify your PAN before entering; either from your PAN card or from your filed tax returns.

The second option is to use Application Number / CAF to query the allotment status in the IPO. The application / CAF number is available on the acknowledgement slip.

Thirdly, you can also use the 16-character DPID-Client ID combination. For NSDL, the combination is alphanumeric, while for CDSL, the combination is numeric. This is available in your demat statement as also in your trading account / contract note.

You can also query by the combination of your bank account number and IFSC number provided as the IPO mandate bank. These details will be available on your cheque book as also in your periodic bank statement.

Finally, click on the SUBMIT button.

In case, you have any issues with the output, register an investor query with Link Intime India Private Ltd. You can either send an email with all requisite details and problem to ipo.helpdesk@in.mpms.mufg.com or you can call on (0)-81081-14949 for voice call.

NEXT STEPS IN THE SFC ENVIRONMENTAL TECHNOLOGIES LTD IPO

Post the closure of the IPO subscription on 29th October 2026, the basis of allotment will be finalized on 30th October 2026 and the refunds will be initiated on 02nd November 2026. In addition, the demat credits are expected to also happen on 02nd November 2026 and the stock will list on 03rd November 2026 on the NSE and the BSE. The credits to the demat account to the extent of shares allotted will happen by the close of 02nd November 2026 under ISIN (INE0PKN01028).