SFC Environmental Technologies IPO Day 1: Subscribed 0.08x; Retail Demand at 0.14x
Key Highlights
SFC Environmental Technologies IPO (₹475 crore mainboard IPO) was subscribed 0.08x on Day 1 of 3, with Retail at 0.14x.
Last updated: Tue, Oct 27, 2026, 5:00 PM IST · mainboard · & · Day 1 of 3
- SFC Environmental Technologies IPO subscribed 0.08x overall on Day 1
- Total bids: 11,91,825 shares against 1,41,59,744 shares on offer
- Category-wise: —, 0.06x, 0.14x
- Price band: ₹313 to ₹330 per share
- The issue closes on Thu, Oct 29, 2026
The SFC Environmental Technologies IPO opened for subscription on Tuesday, October 27, 2026, marking the first of three trading days. The issue recorded an overall subscription multiple of 0.08x as of 5:00 PM IST. Retail investors led the participation with a subscription of 0.14x. The non-institutional investors category recorded a subscription of 0.06x on the first day of the offer.
SFC Environmental Technologies IPO Status: Day 1
Day-wise subscription
| Day | Date | Total bids (shares) | Bid value at upper band (₹ crore) | Subscribed (x) |
|---|---|---|---|---|
| Day 1 | Tue, Oct 27, 2026 | 11,91,825 | 39.33 | 0.08x |
Category-wise subscription
| Category | Shares offered | Day 1 bids | Day 1 (x) |
|---|---|---|---|
| QIB | 40,45,641 | 3,060 | — |
| NII | 30,34,231 | 1,77,210 | 0.06x |
| of which individual NII | — | 1,77,210 | — |
| Retail | 70,79,872 | 10,11,555 | 0.14x |
| Total | 1,41,59,744 | 11,91,825 | 0.08x |
Retail investors bid for 10,11,555 shares, representing the highest interest among the categories. Non-institutional investors, which include individuals bidding above ₹2 lakh, subscribed to 0.06x of their allocated quota. Qualified institutional buyers, or QIBs, which are large financial institutions, recorded 3,060 bids against their portion of the issue. No category fully subscribed to its quota on the opening day.
SFC Environmental Technologies IPO Offer Details
| Field | Value |
|---|---|
| IPO date | Tue, Oct 27, 2026 to Thu, Oct 29, 2026 |
| Listing date | To be announced |
| Face value | ₹2 per share |
| Price band | ₹313 to ₹330 per share |
| Lot size | 45 shares |
| Total issue size | 2,04,75,082 shares (₹475 crore) |
| Listing at | NSE & BSE |
| Lead managers | IIFL Capital Services Ltd., JM Financial Ltd., Nuvama Wealth Management Ltd. |
| MUFG Intime India Pvt Ltd. |
About SFC Environmental Technologies
SFC Environmental Technologies Ltd. provides design, engineering, technology, and equipment supply services for wastewater treatment, wastewater recycling and reuse, and solid waste treatment. As per the DRHP, the company operates with over 20 years of industry experience and has commissioned 728 wastewater treatment installations. It serves private engineering, procurement, and construction companies that work on municipal and government projects. The company maintains a total treatment capacity of 17,511.11 MLD across its projects. Its core operations include the manufacturing and supervision of equipment installation for the treatment of wastewater and sewage.
SFC Environmental Technologies Financial Highlights
| Metric | FY 2024-25 | FY 2023-24 | FY 2022-23 |
|---|---|---|---|
| from operations (₹ crore) | 697.86 | 658.39 | 519.69 |
| Total income (₹ crore) | 726.96 | 677.64 | 531.06 |
| Profit after tax (₹ crore) | 152.01 | 144.17 | 94.81 |
| Net worth (₹ crore) | 648.68 | 534.29 | 395.42 |
| Total borrowings (₹ crore) | 23.89 | 76.62 | 46.02 |
Revenue from operations grew from ₹658.39 crore in FY 2023-24 to ₹697.86 crore in FY 2024-25. Profit after tax increased from ₹144.17 crore in FY 2023-24 to ₹152.01 crore in FY 2024-25. The company reported a debt-to-equity ratio of 0.04x at the end of FY 2024-25.
Objects of the Issue
| Purpose |
|---|
| Prepayment of all or a portion of certain outstanding borrowings and our |
| Funding our working capital requirements |
Risk Factors as per the DRHP
- The company faces significant revenue dependence on its top 10 customers and government-funded projects, which are susceptible to payment delays and changes in government policy.
- The business is exposed to concentration risk due to its reliance on a limited number of third-party suppliers for the procurement of essential raw materials and components.
- The company is involved in various legal proceedings, including criminal and tax-related matters, which could adversely affect its financial condition and reputation.
How to Check SFC Environmental Technologies IPO Subscription Status
Live bidding figures are published by NSE & BSE while the issue is open. Once it closes, allotment status is published by the registrar, MUFG Intime India Pvt Ltd. (https://in.mpms.mufg.com/).
This article is for information only and is not investment advice. Subscription figures are based on exchange data as of Tue, Oct 27, 2026, 5:00 PM IST and can change. IPO investments are subject to market risks; read the offer document carefully before investing.