SFC Environmental Technologies Gets A Green Start On D-Street, Shares List At 7% Premium

Shares of SFC Environmental Technologies made a positive debut on the stock exchanges on November 3, listing at a premium of over 7 per cent against the issue price of Rs 330 per share.

On the NSE, the stock listed at Rs 355.10, gaining Rs 25.10, or 7.61 per cent, over its issue price. On the BSE, shares debuted at Rs 354, up Rs 24.05, or 7.29 per cent.

The listing came in above the grey market premium (GMP) estimates. Ahead of the listing, SFC Environmental Technologies IPO's GMP stood at Rs 15.50, indicating an estimated listing price of Rs 345.50 and a potential gain of 4.70 per cent over the upper price band of Rs 330.

The company’s' market capitalisation increased to Rs 3,468.16 crore after listing, from its pre-IPO valuation of Rs 3,082.57 crore.

SFC Environmental Technologies IPO Subscription

The Rs 667.53 crore initial public offering (IPO) of SFC Environmental Technologies opened for subscription on October 27 and closed on October 29. The issue was subscribed 9.47 times overall.

The qualified institutional buyers (QIB) portion was subscribed 18.81 times, while the non-institutional investors (NII) category received bids for 12.81 times the shares reserved. The retail investor portion was subscribed 2.71 times.

The company allotted shares to successful applicants on October 30. The IPO comprised a fresh issue of 45.45 lakh shares worth Rs 150 crore and an offer for sale (OFS) of 1.57 crore shares aggregating to Rs 517.53 crore.

About SFC Environmental Technologies

Incorporated in March 2005, SFC Environmental Technologies provides technology, design, engineering, manufacturing, installation and commissioning solutions for wastewater treatment, wastewater recycling and reuse, and solid waste treatment.

The company's wastewater treatment business is primarily based on its proprietary C-Tech technology, which is used in sewage treatment plants and industrial effluent treatment. As of July 31, 2026, the company had commissioned 728 wastewater treatment installations, with its technologies facilitating the treatment of 17,511.11 million litres of wastewater per day.

It also operates in solid waste treatment through its proprietary Organic Extraction (OREX) technology, which separates biodegradable organic matter from mixed municipal waste to support biogas generation and resource recovery.

The company operates across 23 states and five Union Territories in India.

SFC Environmental Technologies Financial Performance

For the financial year ended March 2026, SFC Environmental Technologies reported revenue of Rs 821.27 crore, compared with Rs 726.96 crore in FY25. Its profit after tax (PAT) increased to Rs 160.21 crore from Rs 152.01 crore during the same period.

Its earnings before interest, taxes, depreciation and amortisation (Ebitda) stood at Rs 235.81 crore in FY26, against Rs 207.48 crore in the previous financial year.

The company had total borrowings of Rs 195.64 crore as of March 31, 2026.

SFC Environmental Technologies IPO Objectives

SFC Environmental Technologies plans to use Rs 42.23 crore from the IPO proceeds to repay a portion of its outstanding borrowings, including loans taken by its wholly owned subsidiary, Vasudha Waste Treatment Pvt Ltd.

The company will utilise Rs 74.92 crore to meet its working capital requirements and Rs 20.33 crore for general corporate purposes. The remaining Rs 55.61 crore will go towards meeting the issue expenses.