MARKET CLOSED
IPO
SFC Environmental Technologies IPO
mainboardupcomingRegistrar: MUFG Intime India Private Limited · Listing 2026-11-03
IPO Timeline
Today · 23 Oct 2026
Today
23 Oct 2026
Opens
27 Oct 2026
Closes
29 Oct 2026
Allotment
30 Oct 2026
Refund
02 Nov 2026
Demat
02 Nov 2026
Listing
03 Nov 2026
Price Band
₹313–330
GMP
₹31
9.39%
Lot Size
45 Shares
Min ₹14,850
Subscription
0x
Issue Size
₹668 Cr
Open
2026-10-27
Close
2026-10-29
Listing
2026-11-03
About the company
GMP trend (Grey Market Premium by date)
Today₹31 (9.39%)
High₹31
Low₹31
Est. Listing₹361
| Date | GMP (₹) | Est. Listing | Change |
|---|---|---|---|
| 22 Oct | ₹31 | ₹361 | 0 |
| 21 Oct | ₹31 | ₹361 | 0 |
Strengths
- Strong market position in India's wastewater treatment industry, particularly in sequencing batch reactor (SBR) technology.
- In-house technologies and specialised engineering expertise.
- Integrated capabilities across technology, equipment supply, project execution and operations support.
- Established presence in municipal and industrial wastewater treatment projects.
- Strong operating profitability, with an EBITDA margin of approximately 29.7% in FY25.
- Opportunities from growing demand for wastewater treatment, recycling and solid waste management solutions.
Risks
- High dependence on government and municipal customers.
- Customer concentration, with the top ten customers contributing approximately 61.4% of FY25 revenue.
- Long cash conversion cycle, reaching 232 days in FY25.
- Risk of project delays and delayed customer payments.
- Dependence on technology, innovation and continuous upgrades to remain competitive.
- Decline in order book, which may affect future revenue visibility.
- Exposure to regulatory changes and the risk of underutilised manufacturing or waste treatment capacity.
Financial performance (₹ Cr)
IPO Roadmap / Timeline
Current Status · as of 23 Oct 2026
Pre-Open
Opens on 27 Oct 2026
IPO Opens
Upcoming27 Oct 2026Bidding starts for all investor categories
IPO Closes
Upcoming29 Oct 2026Last day to place your bid
Basis of Allotment
Upcoming30 Oct 2026Share allotment finalised
Refund Initiation
Upcoming02 Nov 2026Refunds credited for non-allottees
Credit to Demat
Upcoming02 Nov 2026Allotted shares credited to demat account
Listing on Exchange
Upcoming03 Nov 2026Shares list on NSE / BSE
Post-close dates are indicative as per SEBI T+3 listing framework and may change per registrar updates.
Lot size & minimum investment
Lot Size
45 shares
Price / Share (upper)
₹330
Min Investment (1 lot)
₹14,850
Price Band
₹313–330
Retail
≤ ₹2,00,000
Min lots
1
Min shares
45
Min amount
₹14,850
Max amount
₹193,050
sHNI (Small HNI)
₹2L – ₹10L
Min lots
14
Min shares
630
Min amount
₹207,900
Max amount
₹994,950
bHNI (Big HNI)
> ₹10L
Min lots
68
Min shares
3060
Min amount
₹1,009,800
Max amount
₹1,084,050
| Investor Type | Min Lots | Min Shares | Min Amount | Max Lots | Max Amount | Notes |
|---|---|---|---|---|---|---|
| Retail | 1 | 45 | ₹14,850 | 13 | ₹193,050 | ≤ ₹2,00,000 |
| sHNI (Small HNI) | 14 | 630 | ₹207,900 | 67 | ₹994,950 | ₹2L – ₹10L |
| bHNI (Big HNI) | 68 | 3060 | ₹1,009,800 | 73 | ₹1,084,050 | > ₹10L |
Shares reserved per category & allotment probability
QIB
100% allotment
Reservation
50%
Amount
₹334 Cr
Shares offered
10,388,803
Shares bid
0
Subscribed
0.00x
NII
100% allotment
Reservation
15%
Amount
₹100.2 Cr
Shares offered
3,116,641
Shares bid
0
Subscribed
0.00x
Retail
100% allotment
Reservation
35%
Amount
₹233.8 Cr
Shares offered
7,272,162
Shares bid
0
Subscribed
0.00x
| Category | Reservation | Shares Offered | Amount (₹ Cr) | Shares Bid | Subscribed | Allotment % |
|---|---|---|---|---|---|---|
| QIB | 50% | 10,388,803 | 334 | 0 | 0.00x | 100% |
| NII | 15% | 3,116,641 | 100.2 | 0 | 0.00x | 100% |
| Retail | 35% | 7,272,162 | 233.8 | 0 | 0.00x | 100% |
Retail is a lottery-based allotment when oversubscribed; QIB/NII get pro-rata. Probability ≈ 1 / subscription times (100% if under-subscribed).
