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SFC Environmental Technologies IPO

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SFCTECH · Engineering · NSE

Checked · GMP unchanged since

SFC Environmental Technologies IPO GMP is ₹12 as of 29 Oct, 04:35 pm — expected profit +3.6% on the ₹330 upper band. The premium has ranged ₹0–₹32 since 21 Oct, changing 8 times.

GMP is an unofficial, unregulated datapoint reported by third parties — not a price, a forecast, or investment advice.

SFC Environmental Technologies IPO Details

RegistrarMUFG Intime India Private Limited(formerly Link Intime India Private Limited)
Lead managersIIFL Capital Services Limited (formerly known as IIFL Securities Limited), JM Financial Limited
Fresh issue₹150 Cr
Offer for sale₹518 Cr

SFC Environmental Technologies Promoters & Reserved Quotas as the RHP states

PromotersSandeep Sudhakar Asolkar, Priya Sandeep Asolkar, Prachiti Sandeep Asolkar and Saketchandrasingh Pratapsingh Dhandoriya
Shareholder quotaNone in the offer document
Employee quotaNone in the offer document

Read from the company’s own red herring prospectus (the document). Holding shares of a listed parent does not by itself guarantee an allotment.

SFC Environmental Technologies Financials ₹ in crore

Revenue CAGR+10.6%2024 → 2026 · 2 yrs
Profit CAGR+5.4%2024 → 2026 · 2 yrs
00%25013%50025%75038%100050%202420252026
₹ crore202420252026
Revenue₹657.5₹697.86₹803.63
Net profit (PAT)₹144.17₹152.01₹160.21
PAT margin21.9%21.8%19.9%

SFC Environmental Technologies Anchor Investors largest allocation first

Anchor investors17named in the letter
Anchor book₹200.26 Crat ₹330 per share
Largest allocation18.73%SBI INFRASTRUCTURE FUND
#Anchor investorShares% of book₹ Cr
1SBI INFRASTRUCTURE FUND11,36,34018.73%37.50
2NIPPON LIFE INDIA TRUSTEE LTD-A/C NIPPON INDIA SMALL CAP FUND8,28,58513.65%27.34
3ICICI PRUDENTIAL MANUFACTURING FUND7,88,71513%26.03
4QUANT MUTUAL FUND - QSIF EQUITY EX TOP 100 LONG-SHORT FUND5,18,9408.55%17.13
5QUANT MUTUAL FUND - QSIF HYBRID LONG- SHORT FUND5,18,8958.55%17.12
6NIPPON LIFE INDIA TRUSTEE LTD-A/C NIPPON POWER & INFRA FUND3,07,7555.07%10.16
7NIPPON LIFE INDIA TRUSTEE LTD-A/C NIPPON POWER & INFRA FUND3,07,7555.07%10.16
8SUNDARAM MUTUAL FUND A/C SUNDARAM SMALL CAP FUND3,03,0754.99%10.00
9ICICI PRUDENTIAL CONSERVATIVE HYBRID FUND2,07,5853.42%6.85
10ICICI PRUDENTIAL CONSERVATIVE HYBRID FUND2,07,5853.42%6.85
11GOVERNMENT PENSION FUND GLOBAL2,04,6603.37%6.75
12TRUSTMF SMALL CAP FUND1,51,5752.5%5.00
13SOCIETE GENERALE - ODI1,51,5752.5%5.00
14EDELWEISS TRUSTEESHIP CO LTD AC - EDELWEISS MF AC- EDELWEISS RECENTLY LISTED IPO FUND1,51,5602.5%5.00
15EDELWEISS TRUSTEESHIP CO LTD AC - EDELWEISS MF AC - EDELWEISS EQUITY SAVINGS FUND1,51,5152.5%5.00
16BANK OF INDIA BUSINESS CYCLE FUND90,9451.5%3.00
17ICICI PRUDENTIAL QUANT FUND41,5350.68%1.37

Ranked by size of allocation; every anchor in an issue pays the same price, so the ranking is the same whether read in shares, rupees or share of the book. Anchor investors are allotted shares one day before the issue opens, at a price fixed on that day, and are locked in afterwards (30 days for half the allocation, 90 days for the rest). Read straight from the company’s own Anchor Allocation intimation letter filed with the exchanges — names appear exactly as printed there. Percentages are the filer’s own and total the anchor portion, not the whole issue. View the filed letter

SFC Environmental Technologies IPO Lot Size & Minimum Investment by investor category

ApplicationSharesAmount at ₹330
Retail (min)1 lot45₹14,850
Retail (max)13 lots585₹1,93,050
sHNI (min)14 lots630₹2,07,900
bHNI (min)68 lots3,060₹10,09,800

One lot is 45 shares, so a single application at the ₹330 cut-off costs ₹14,850. Retail applications are capped at ₹2,00,000, which is 13 lots for this issue. Amounts are shown at the upper band because applications are made at the cut-off price.

About SFC Environmental Technologies

Incorporated in 2005 and headquartered in Navi Mumbai, Maharashtra, SFC Environmental Technologies Limited provides technologies and engineering solutions for wastewater treatment, wastewater recycling and reuse, and solid waste treatment. Its offerings include design, equipment manufacturing, installation, commissioning, and operations and maintenance for sewage treatment plants and municipal solid waste facilities. The company primarily serves engineering, procurement, and construction contractors, municipal bodies, government agencies, and oil marketing companies across India and select international markets.

SFC Environmental Technologies IPO Strengths & Risks as disclosed in the offer document

▲ Strengths (6)
Technology driven market leadership in the wastewater treatment market
Vertical integration through constant innovation and use of technology
Well-positioned to capture market opportunities in the solid waste treatment segment
High proportion of repeat business with strong Order book
Track record of consistent performance and strong financial profile
Proven management experience and leadership
▼ Risk factors (8)
Any failure to comply with trade restrictions such as economic sanctions and export controls or with anti- bribery and anti-corruption frameworks instituted by government authorities or international organizations, such as multilateral development banks, may restrict our ability to participate in projects, and could negatively impact our reputation and results of operations
We have had negative cash flows from operating activities in the certain past periods / fiscals and may continue to have negative cash flows in the future
Certain of our corporate records and filings are not traceable or have certain discrepancies. We cannot assure you that regulatory proceedings or actions will not be initiated against us in the future and we will not be subject to any penalty imposed by the competent regulatory authority in this regard
Our Company is involved in certain legal proceedings. Any adverse decision in such proceedings may render us liable to liabilities / penalties and may adversely affect our business, financial condition, results of operations and cash flows
We have high working capital requirements, and may require additional financing to meet those requirements, which could have a material adverse effect on our results of operations, cash flows and financial condition. The working capital as a percentage of total revenue from operations was 561.06%, 65.19%, 63.51% and 39.94% for the three months period ended June 30, 2026 and Fiscals 2026, 2025 and 2024, respectively
Our Company has experienced an increase in our cash conversion cycle and may experience longer cash conversion cycles in the future
We require substantial capital expenditure / investment and working capital requirements in relation to our SWT business operations and may require additional financing including working capital to meet those requirements, which could have a material adverse effect on our results of operations, cash flows and financial condition
Delays in receiving payment of outstanding dues from third parties may affect our financial condition and results of operations. Our Company experienced an increase in trade receivable days from 197 days as on March 31, 2024, to 262 days as on March 31, 2025, to 282days as on March 31, 2026 and to 443 days as on June 30, 2026

How to check SFC Environmental Technologies IPO allotment status

Allotment is decided and published by the issue’s registrar, not by the exchange and not by alphave. For SFC Environmental Technologies Limited, the registrar is MUFG Intime India Private Limited(formerly Link Intime India Private Limited) — allotment is finalised in the days between the issue closing on 29 Oct 2026 and listing on 03 Nov 2026.

RegistrarMUFG Intime India Private Limited(formerly Link Intime India Private Limited)
You will needPAN, application number or demat ID
Issue closes29 Oct 2026
Listing date03 Nov 2026
Issue opens
Tue, 27 Oct 2026
First day to bid
Issue closes
Thu, 29 Oct 2026
Last day to bid
Allotment finalisedTentative
Fri, 30 Oct 2026
By MUFG Intime India Private Limited(formerly Link Intime India Private Limited); check with PAN, application no. or DP ID
Refunds & UPI unblockTentative
Mon, 02 Nov 2026
Unallotted amounts released · allotted shares credited to demat
Listing
Tue, 03 Nov 2026
NSE · trading from 10:00 am IST

Allotment and refund dates follow SEBI’s T+3 listing timeline in trading days and are tentative until the registrar and the exchange confirm them. alphave does not hold allotment results — only the registrar can show whether an application was allotted.

The registrar publishes allotment on its own portal: MUFG Intime. Your bank will also show the blocked amount released if shares were not allotted.

SFC Environmental Technologies IPO FAQs

GMP

What is SFC Environmental Technologies IPO GMP today?

The last grey market premium reported for the SFC Environmental Technologies Limited IPO is ₹12, as of 29 Oct, 4:35 pm. Against the ₹330 upper band that is +3.6%. GMP is an unofficial, unregulated datapoint reported by third parties — not a price, a prediction, or investment advice.

What is the expected listing price of SFC Environmental Technologies IPO based on GMP?

Adding the ₹12 premium to the ₹330 upper band gives an implied price of ₹342. That is only what unregulated grey-market dealers are quoting today; the listing price is discovered on the exchange in the pre-open session on listing day and routinely differs from it.

Is SFC Environmental Technologies IPO GMP a guarantee of the listing price?

No. The grey market is an informal, over-the-counter market between private dealers that is not operated or supervised by NSE, BSE or SEBI. No trade settles through a clearing corporation and no dealer is obliged to honour a quote, so the premium can change sharply within a day or disappear after bidding closes.

How often is SFC Environmental Technologies IPO GMP updated on alphave?

The premium is checked about every 20 minutes between 8 am and 10 pm IST, every day while the issue is live, from a third-party grey-market reporter. The history table adds a row only when the premium changes, with the date and time it changed, how much it moved and the listing price it implies.

Subscription

How many times is SFC Environmental Technologies IPO subscribed?

The SFC Environmental Technologies Limited IPO was subscribed 9.47× overall as of 30 Oct, 3:37 am: QIB 18.81×, non-institutional 12.81× and retail 2.71×. Figures are the consolidated book across NSE and BSE, as NSE publishes it.

What is the SFC Environmental Technologies IPO retail subscription status?

The retail portion was subscribed 2.71× as of 30 Oct, 3:37 am. Retail means individual investors applying for up to ₹2,00,000.

How do I check SFC Environmental Technologies IPO subscription status?

NSE and BSE publish the category-wise bids for every open issue during bidding hours. This page reads that book about every 5 minutes during bidding hours and shows QIB, NII and retail demand, plus one row per day so the build-up over the issue can be compared.

How was SFC Environmental Technologies IPO subscribed day by day?

Overall subscription at the last reading of each bidding day: day 1 (27 October 2026): 0.1×, day 2 (28 October 2026): 0.27×, day 3 (29 October 2026): 9.47×, day 4 (30 October 2026): 9.47×. The day-wise table on this page breaks each day into QIB, non-institutional and retail.

What does 2× subscription mean?

Subscription of 2× means bids were received for twice the number of shares offered in that category. When a category is oversubscribed, allotment follows the basis of allotment the registrar finalises with the stock exchange — for small investors, a lottery for the minimum application.

Who are the anchor investors in SFC Environmental Technologies IPO?

17 anchor investors were allotted shares worth ₹200.26 crore at ₹330 a share the day before bidding opened, according to the anchor allocation letter the company filed with the exchange. The largest allocations went to SBI INFRASTRUCTURE FUND (₹37.5 crore), NIPPON LIFE INDIA TRUSTEE LTD-A/C NIPPON INDIA SMALL CAP FUND (₹27.34 crore), ICICI PRUDENTIAL MANUFACTURING FUND (₹26.03 crore). Every anchor investor is listed on this page.

Allotment

When is SFC Environmental Technologies IPO allotment date?

Allotment for the SFC Environmental Technologies Limited IPO is scheduled for 30 October 2026, the trading day after bidding closes on 29 October 2026. Under SEBI's T+3 timeline, refunds and demat credit are due on 2 November 2026 and the shares list on 3 November 2026. Dates are tentative until the registrar and exchange confirm them.

How to check SFC Environmental Technologies IPO allotment status?

Check it on the registrar's IPO allotment page: MUFG Intime India Private Limited(formerly Link Intime India Private Limited) publishes the result once it finalises the basis of allotment with the stock exchange. Choose the issue and enter your PAN, application number or DP ID / client ID. BSE and NSE also show allotment status on their websites, using the registrar's data. If no shares are allotted, your bank releases the blocked amount. alphave does not publish allotment results.

Who is the registrar of SFC Environmental Technologies IPO?

The registrar to the SFC Environmental Technologies Limited IPO is MUFG Intime India Private Limited(formerly Link Intime India Private Limited). The registrar processes applications, finalises the basis of allotment with the exchange, and handles refunds.

What happens if I do not get allotment?

The amount blocked in your bank account under ASBA or the UPI mandate is released, normally on the day allotment is finalised or the next working day. No shares are credited and nothing further is needed from you.

Dates

When does SFC Environmental Technologies IPO open and close?

Bidding for the SFC Environmental Technologies Limited IPO opens on 27 October 2026 and closes on 29 October 2026. Brokers may stop taking bids somewhat earlier.

What is the SFC Environmental Technologies IPO listing date?

The shares are scheduled to list on 3 November 2026 on NSE. Trading starts at 10:00 am IST after the special pre-open session that discovers the listing price.

How do I apply for SFC Environmental Technologies IPO?

Applications are made through a broker's app or a bank's net banking using ASBA, or by UPI mandate, between 27 October 2026 and 29 October 2026. The amount is only blocked, not debited, until allotment. Retail bids of up to ₹2,00,000 are usually placed at the cut-off price (₹330); a UPI mandate must be approved before the issue's UPI cut-off on the closing day.

What is the last date to apply for SFC Environmental Technologies IPO?

29 October 2026 is the last day of bidding. Allotment is scheduled for 30 October 2026, refunds and demat credit for 2 November 2026, and listing for 3 November 2026 — tentative until confirmed.

Price & Lot

What is the price band of SFC Environmental Technologies IPO?

The SFC Environmental Technologies Limited IPO price band is ₹313 to ₹330 per share. Retail investors can bid at the cut-off price, which is the upper end of the band; QIB and non-institutional bids name a price within it.

What is the lot size of SFC Environmental Technologies IPO?

One lot is 45 shares, so a single application at the ₹330 cut-off costs ₹14,850. Retail investors can apply for up to 13 lots within the ₹2,00,000 retail limit.

What is the minimum investment in SFC Environmental Technologies IPO?

₹14,850 — one lot of 45 shares at ₹330. Bids in the non-institutional category start above ₹2,00,000 and are made in multiples of the lot.

Is SFC Environmental Technologies IPO a mainboard or SME issue, and on which exchange?

SFC Environmental Technologies Limited is a mainboard issue listing on NSE. The lead managers are IIFL Capital Services Limited (formerly known as IIFL Securities Limited) and JM Financial Limited.

What is the issue size of SFC Environmental Technologies IPO?

The issue size is ₹668 crore, of which ₹150 crore is a fresh issue and ₹518 crore an offer for sale by existing shareholders.

Is there a quota for shareholders or employees in SFC Environmental Technologies IPO?

No. SFC Environmental Technologies Limited's red herring prospectus reserves no part of the issue for shareholders or employees; applications go through the standard investor categories.

Financials

What is the revenue of SFC Environmental Technologies?

SFC Environmental Technologies Limited reported revenue of ₹803.63 crore in FY2026, as restated in its offer document. The table on this page shows each reported year.

Is SFC Environmental Technologies profitable?

Yes, in its latest reported period: SFC Environmental Technologies Limited reported a profit after tax of ₹160.21 crore in FY2026, as restated in its offer document. Earlier years are in the table above.

Where do the SFC Environmental Technologies IPO financials come from?

From the restated financial statements in the company's draft and final offer documents, filed with SEBI and the stock exchanges. alphave reports them as filed, in ₹ crore, and does not publish a valuation or a view on the issue.

DRHP

Where can I read the SFC Environmental Technologies DRHP or RHP?

The SFC Environmental Technologies Limited IPO's offer document is linked on this page as filed. SEBI and the stock exchanges also publish it, and the lead managers host it.

What is a DRHP?

The Draft Red Herring Prospectus is the document a company files before an IPO — with SEBI for a mainboard issue, with the stock exchange for an SME issue. It describes the business, the financials, the risk factors, the promoters and how the money raised will be used. The Red Herring Prospectus (RHP) is the updated version filed before the issue opens, with the issue dates; the price band is announced separately, at least two working days before bidding opens.

What are the strengths disclosed in the SFC Environmental Technologies DRHP?

Technology driven market leadership in the wastewater treatment market Vertical integration through constant innovation and use of technology Well-positioned to capture market opportunities in the solid waste treatment segment The page lists all 6 as disclosed.

What are the key risks disclosed in the SFC Environmental Technologies DRHP?

Any failure to comply with trade restrictions such as economic sanctions and export controls or with anti- bribery and anti-corruption frameworks instituted by government authorities or international organizations, such as multilateral development banks, may restrict our ability to participate in projects, and could negatively impact our reputation and results of operations We have had negative cash flows from operating activities in the certain past periods / fiscals and may continue to have negative cash flows in the future Certain of our corporate records and filings are not traceable or have certain discrepancies. We cannot assure you that regulatory proceedings or actions will not be initiated against us in the future and we will not be subject to any penalty imposed by the competent regulatory authority in this regard The page lists all 8 disclosed risk factors.

Listing

When will SFC Environmental Technologies IPO list?

The SFC Environmental Technologies Limited shares are scheduled to list on 3 November 2026 on NSE. The listing price is discovered in a special pre-open session from 9:00 am and normal trading begins at 10:00 am IST.

What is the expected listing price of SFC Environmental Technologies IPO?

Grey-market dealers are quoting a premium of ₹12 over the ₹330 upper band, which implies ₹342. GMP is an unofficial, unregulated datapoint reported by third parties — not a price, a prediction, or investment advice. The actual listing price is set by demand in the pre-open session.

At what time does an IPO list?

On listing day the exchange runs a special pre-open session for the new stock from 9:00 am IST in which orders are collected and the listing price is discovered; continuous trading in the shares begins at 10:00 am IST.

Data sources

Where does the SFC Environmental Technologies IPO data on this page come from, and how often is it updated?

Subscription figures are the exchange's category-wise book (NSE's consolidated NSE and BSE figure, or BSE's own for a BSE-only issue), read about every 5 minutes during bidding hours and held at the final tally after close. GMP is an unofficial grey-market indicator checked about every 20 minutes between 8 am and 10 pm IST from a third-party reporter; the history keeps a row for each change. Price band, lot size, issue size, dates, registrar and lead managers are from the exchange's issue details and the offer document filed with SEBI and the stock exchanges. Financials are the restated figures in the offer document, and the shareholding pattern is as disclosed there; allotment results come from the registrar, whose page this page links to. Anchor investor allocations, where shown, are from the anchor allocation filed with the exchange.

SFC Environmental Technologies IPO Registrar where allotment and refund queries go

RegistrarMUFG Intime India Private Limited(formerly Link Intime India Private Limited)

The registrar processes the allotment and the refunds. Contact details are as printed in the offer document; the exchange and your broker cannot change an allotment.

How to Apply for the SFC Environmental Technologies IPO ASBA and UPI, as SEBI sets them

  1. Apply through your broker’s IPO window or your bank’s net banking (ASBA). The money stays in your own account and is only blocked until allotment.
  2. Choose the number of lots and bid at the cut-off price. Retail applications are capped at ₹2,00,000; above that the bid moves to the non-institutional category.
  3. If you applied through a broker, approve the UPI mandate in your payment app before the issue’s UPI cut-off on the closing day (29 Oct 2026).
  4. One application per PAN. A second application under the same PAN is rejected, and both may be.
  5. After allotment the blocked amount is released for shares not allotted. Allotment and refund queries go to the registrar, MUFG Intime India Private Limited(formerly Link Intime India Private Limited), not to the exchange or the broker.

What is GMP in an IPO?

Grey Market Premium is the price at which an unlisted IPO application or share changes hands informally, before the stock is listed on the exchange. It is quoted as a rupee figure over the issue price: a premium of ₹12 on a ₹330 upper band means the grey market is dealing at ₹342.

The grey market is an over-the-counter market between private dealers. It is not operated or supervised by NSE, BSE or SEBI, no trade is settled through a clearing corporation, and no dealer is obliged to publish or honour a quote. Figures are collected by third-party reporters and different sources routinely disagree, which is why a premium can move sharply within a day or vanish entirely once bidding closes.

Grey Market Premium is an unofficial, unregulated over-the-counter datapoint reported by third parties. It is not a price, a forecast, or an indication of listing gains, and is not investment advice.

Data & compliance. For information and education only — not investment advice or a recommendation to apply for, subscribe to, or avoid any issue. GMP is an unofficial, unregulated datapoint reported by third parties. Always read the RHP. alphave does not process IPO applications. Published by Alphave.