Alice Blue - 20 years of trust
    • ANT APP
    • ANT WEB
    • 1LyAlgos
    • 1lyOptions
    • TradingView
    • MTF
    • Insurance
    • IPO
    • Stocks
    • Mutual Funds
  • Partner with us
  • Trade School
  • Pricing

    • Pricing

    About Us

    • About Us

    Calculator

    • Calculators
    • Brokerage Calculator
    • MTF Calculator

    Resources

    • Blog
    • Webinars
    • Videos (YouTube)

    Updates

    • News
    • Trading Holidays
    • Cares
    • Media Coverage
    • Disclosures

    Support

    • Support
    • Refer & Earn
    CommunityCareers
Login
Top Gainers Today52 Weeks High StocksHistorical Returns StocksShare Market TodayTop Losers TodayStocks Market NewsPC JewellerVodafone IdeaOla ElectricYes BankJyoti StructuresTata Gold ETFMoneyviewZee EntertainmenPunjab Natl.BankDCX SystemsNip. India GoldTata Silver ETFKalyan JewellersCupidEmpower IndiaSuzlon EnergyHDFC BankJP Power Ven.Nippon I Silver
NIFTY 50NIFTY Midcap 100NIFTY 100NIFTY RealtySENSEXNIFTY AutoNIFTY PSU BankNIFTY FMCGNIFTY BANKNIFTY MIDCAP 150BSE EnergyNIFTY PharmaBSE 100 LargeCap TMCNIFTY NEXT 50NIFTY MetalBSE 500 QUALITY 50
Options Nifty 50Options BANK NIFTYOptions MIDCPNIFTYOptions FINNIFTYFutures Highest OIFutures OI GainersFutures OI LosersFutures Top Traded
Debt Mutual FundsBest Debt Mutual fundsBest Equity Mutual fundsBest Hybrid Mutual fundsBest MidCap Mutual fundsBest Multicap Mutual fundsBest Large Cap Mutual fundsBest Small Cap Mutual fundsBest ELSS Mutual fundsBest Contra Mutual fundsBest Value Mutual fundsBest Arbitrage Mutual fundsBest Dividend Yield Mutual fundBest Aggressive Mutual fundsBest Conservative Mutual funds
SIP CalculatorBrokerage CalculatorHome Loan EMI CalculatorLumpsum CalculatorMargin CalculatorFD CalculatorSWP CalculatorMF CalculatorEMI CalculatorStep-Up SIP CalculatorPPF Calculator
What Is IPO?Open IPOsUpcoming IPOsHow to Apply for an IPOWhat is Grey Market Premium?
Shares
Top Gainers Today52 Weeks High StocksHistorical Returns StocksShare Market TodayTop Losers TodayStocks Market NewsPC JewellerVodafone IdeaOla ElectricYes BankJyoti StructuresTata Gold ETFMoneyviewZee EntertainmenPunjab Natl.BankDCX SystemsNip. India GoldTata Silver ETFKalyan JewellersCupidEmpower IndiaSuzlon EnergyHDFC BankJP Power Ven.Nippon I Silver
Indices
NIFTY 50NIFTY Midcap 100NIFTY 100NIFTY RealtySENSEXNIFTY AutoNIFTY PSU BankNIFTY FMCGNIFTY BANKNIFTY MIDCAP 150BSE EnergyNIFTY PharmaBSE 100 LargeCap TMCNIFTY NEXT 50NIFTY MetalBSE 500 QUALITY 50
F&O
Options Nifty 50Options BANK NIFTYOptions MIDCPNIFTYOptions FINNIFTYFutures Highest OIFutures OI GainersFutures OI LosersFutures Top Traded
Mutual Funds
Debt Mutual FundsBest Debt Mutual fundsBest Equity Mutual fundsBest Hybrid Mutual fundsBest MidCap Mutual fundsBest Multicap Mutual fundsBest Large Cap Mutual fundsBest Small Cap Mutual fundsBest ELSS Mutual fundsBest Contra Mutual fundsBest Value Mutual fundsBest Arbitrage Mutual fundsBest Dividend Yield Mutual fundBest Aggressive Mutual fundsBest Conservative Mutual funds
Calculators
SIP CalculatorBrokerage CalculatorHome Loan EMI CalculatorLumpsum CalculatorMargin CalculatorFD CalculatorSWP CalculatorMF CalculatorEMI CalculatorStep-Up SIP CalculatorPPF Calculator
IPO
What Is IPO?Open IPOsUpcoming IPOsHow to Apply for an IPOWhat is Grey Market Premium?

Company
  • About Us
  • Work with Us
  • Terms and Conditions
  • EKYC Guidelines
  • Contact Us
  • Cares
Apps and Products
  • ANT APP
  • ANT WEB
  • 1LYOptions
  • Trade School
  • TradingView
  • 1LyAlgos
Calculators
  • Calculators
  • SIP Calculator
  • Mutual Funds Return Calculator
  • Brokerage Calculator
  • RMS Live Updates
  • Term Coverage Calculator
Important Links
  • Pricing
  • KYC Tracker
  • Market News
  • Global Indices
  • Gold Rate
  • Silver Rate
  • Trading Holidays

Alice Blue
3rd Floor, M.R.B.Arcade, No. 153/2,
Bagalur Main Rd, Dwarka Nagar,
Yelahanka, Bengaluru, Karnataka
560063
FacebookLinkedInX (Twitter)YouTubeInstagramWhatsapp

ISO 27001:2022 Alice Blue is Certified Information Security Management System (ISMS)

ISO 22301:2019 Alice Blue is Certified Business Continuity Management System (BCMS)

DownloadsCircularsBank DetailsLearn
Trade on TradingViewGet it on Google PlayDownload on the App Store

Attention Investors!
Prevent unauthorized transactions in your account update your mobile number/ email Id with your Stock Broker. Receive information of your transactions directly from Exchange on your mobile / email id at the end of the day.Prevent unauthorized transactions in your account update your mobile number/ email Id with your Stock Broker. Receive information of your transactions directly from Exchange on your mobile / email id at the end of the day.

Stock Brokers can accept securities as margin from clients only by way of pledge in the depository system w.e.f. September 1, 2020. Update your mobile number & email Id with your stock broker/depository participant and receive OTP directly from the depository on your email id and/or mobile number to create a pledge. Pay 20% upfront margin of the transaction early to trade in the cash market segment. Investors may please refer to the Exchange’s Frequently Asked Questions (FAQs) issued vide circular reference NSE/INSP/45191 dated July 31, 2020, and NSE/INSP/45534 dated August 31, 2020, and other guidelines issued from time to time in this regard. Check your Securities /MF/ Bonds in the consolidated account statement issued by NSDL/CDSL every month.

Corporate Office: No. 153/2, 3rd Floor, M.R.B.Arcade, Bagalur Main Road, Dwaraka Nagar, Yelahanka, Bengaluru – 560 063, Karnataka.
Registered Office: Old No.56/2 ,New No.58, LIC Nagar, Vinayagar Kovil Street, Erode -8,Tamil Nadu– 638002.
Alice Blue Financial Services (P) Ltd : NSE EQ | NSE FO | NSE CDS-90112 SEBI REG : INZ000156038
Alice Blue Financial Services (P) Ltd : BSE EQ | BSE FO | BSE CD-6670 SEBI REG : INZ000156038
Alice Blue Financial Services (P) Ltd : CDSL DP ID 12085300 DP SEBI REG : IN-DP-364-2018
Alice Blue Financial Services (P) Ltd : MCX-56710 SEBI REG : INZ000156038

COMPLIANCE OFFICER: SARAVANAN R | Mobile No: +91 91872 10670 | Email:[email protected]

We hereby declare that we are doing PRO trading

Procedure to file a complaint on SEBI SCORES / SMART ODR : Register on SEBI SCORES 2.0 / SMART ODR. Mandatory details for filing complaints on SCORES: Name, PAN, Address, Mobile Number, E-mail ID. Benefits: Effective Communication, Speedy redressal of the grievances

Click on the provided link to learn about the process for submitting a complaint on the ODR platform for resolving investor grievances. ODR Circular

Investment in securities markets are subject to market risks, read all the related documents carefully before investing. Brokerage will not exceed SEBI prescribed limit.

For queries regarding account opening or activation, email to accountactivation@aliceblueindia.com and for fund updates, email to funds@aliceblueindia.com

Disclaimer: Attention investors:1) Message from Exchange(s): Prevent Unauthorised transactions in your account --> Update your mobile numbers/email IDs with your stock brokers. Receive information of your transactions directly from Exchange on your mobile/email at the end of the day. Issued in the interest of investors. 2) Message from Depositories: a) Prevent Unauthorized Transactions in your demat account --> Update your mobile number with your Depository Participant. Receive alerts on your registered mobile for all debit and other important transactions in your demat account directly from CDSL on the same day issued in the interest of investors. b) KYC is one time exercise while dealing in securities markets - once KYC is done through a SEBI registered intermediary (broker, DP, Mutual Fund etc.), you need not undergo the same process again when you approach another intermediary. 3) Registration granted by SEBI and certification from NISM in no way guarantee performance of the intermediary or provide any assurance of returns to investors. 4) For demat and trading account closure with AliceBlue, kindly visit https://aliceblueonline.com/support/closure-freezing-reactivation or “ANT APPLICATION” under your profile and click on Settings -> Account Closure section -> Initiate account closure.

No need to issue cheques by investors while subscribing to an IPO. Just write the bank account number and sign in the application form to authorise your bank to make payment in case of allotment. No worries for refund as the money remains in the investor’s account.

Investors are requested to note that Alice Blue Financial Services Private Limited is permitted to receive money from investor through designated bank accounts only named as Up streaming Client Nodal Bank Account (USCNBA). Alice Blue Financial Services Private Limited is also required to disclose these USCNB accounts to Stock Exchange. Hence, you are requested to use following USCNB accounts only for the purpose of dealings in your trading account with us. The details of these USCNB accounts are also displayed by Stock Exchanges on their website under “Know/ Locate your Stock Broker. Bank Details (Valid UPI FAQ).

DND PolicyInvestor CharterLegal DocumentationPrivacy policyFeedbackAnnual ReturnsAdvisory for InvestorsE-votingMandatory Member Details
S

SFC Environmental Technologies Ltd

Complete IPO details, including price band, financials, subscription status, and key insights.

Participate in the SFC Environmental Technologies Ltd IPO with full transparency. Review issue details, company fundamentals, and financial performance, and apply securely through Alice Blue.

Apply for IPO

IPO Snapshot

Key metrics and details at a glance.

Price Band

₹330

Per Share

Lot Size

45 Shares

Minimum Investment

₹14,850

Issue Size

₹667.53 Cr

Face Value

₹2

Per Share

IPO Type

Book Building

Retail Quota

35%

QIB Quota

50%

NII Quota

15%

IPO Timeline

Important dates for your applying strategy.

IPO Opens27 Oct
IPO Closes29 Oct
Basis of Allotment30 Oct
Refund Initiation2 Nov
Shares Credited2 Nov

SFC Environmental Technologies Ltd

Business model, operations, and market positioning.

Promoter Holding (Pre-Issue)

45.24%

Promoter Holding (Post-Issue)

38.37%

Issue Type

Book Building

ISIN

INE0PKN01028

About the Company

We are an environmental technology company offering technologies and comprehensive engineering solutions in the field of wastewater treatment, wastewater recycling and reuse & solid waste treatment. Our core operations include providing design, technology, manufacturing, supply and supervision for installation and commissioning of equipment for treatment of wastewater and providing tertiary treatment solution for wastewater recycling and reuse. With 639 installations in the WWT segment, as of March 31, 2025, particularly in sewage treatment plants ("STPs"), we hold over 80% market share in sequencing batch reactor ("SBR") technology, a key wastewater treatment method in India. We also offer technology solutions for SWT plants comprising of design, engineering, financing, construction, supply and installation, commissioning, performance run, turnkey solutions and operations and maintenance. We are among the select few players who have leveraged global technology in the municipal solid waste space and transformed it to be suitable for Indian needs.

Industry Overview

Financial Performance

Revenue, profit after tax and total assets across the last 3 reported financial years.

Consolidated figures
Financial Performance Categories

Revenue

▲+22.1%vs FY24

Amount in ₹ crore

Objects of the Issue

How the company plans to utilize IPO proceeds.

Use of Proceeds

The funds raised through this IPO will be used for:

Initial public offering of 20,228,204 equity shares of face value of Rs. 2 each ("Equity Shares") of the company for cash at a price of Rs. 330 per equity share (including a share premium of Rs. 328 per equity share) ("offer price") aggregating to Rs. 667.53 Crores ("Offer"). The offer comprised a fresh issue of 4,545,454 equity shares (of face value of Rs. 2 each) aggregating to Rs. 150.00 Crores by the company ("Fresh Issue") and an offer for sale of 15,682,750 equity shares of face value of Rs. 2 each ("Offered Shares") aggregating to Rs. 517.53 Crores, comprising of 934,000 equity shares of face value of Rs. 2 each aggregating to Rs. 30.82 Crores by Sandeep Sudhakar Asolkar (held Jointly with Priya Sandeep Asolkar), 3,736,000 equity shares of face value of Rs. 2 each aggregating to Rs. 123.29 Crores by Saketchandrasingh Pratapsingh Dhandoriya, (the "Promoter Selling Shareholders"), 3,565,000 equity shares of face value of Rs. 2 each aggregating to Rs. 117.65 Crores by Sarvesh Kumar Garg, 2,136,000 equity shares of face value of Rs. 2 each aggregating to Rs. 70.49 Crores by Sandeep Sambhaji Parab, up to 2,136,000 equity shares of face value of Rs. 2 each aggregating to Rs. 70.49 Crores by Rajesh Kesavan Nambisan, 2,136,000 equity shares of face value of Rs. 2 each aggregating to Rs. 70.49 Crores by Kumaraguru Madurakavi, 933,000 equity shares of face value of Rs. 2 each aggregating to Rs. 30.79 Crores by Veera Venkata Satyanarayana Yannamani, 70,000 equity shares of face value of Rs. 2 each aggregating to Rs. 2.31 Crores by Jayshree Harit Shah (held Jointly with Harit Pragji Shah), and 36,750 equity shares of face value of Rs. 2 each aggregating to Rs. 1.21 Crores by Hardik Suresh Matalia (the "Other Selling Shareholders", and together with the promoter selling shareholders, the "Selling Shareholders" and such offer for sale of equity shares by the selling shareholders, the "Offer For Sale"). The offer constituted 20.65% of the post-offer paid up equity share capital of the company. The company, in consultation with the brlms, may consider a further issue of specified securities as may be permitted under applicable law, at its discretion, aggregating up to Rs.30.00 crores (the "pre-ipo placement"), prior to the filing of the pre-ipo placement, if undertaken, will be at a price to be decided by the company, in consultation with the brlms. If the pre-ipo placement is completed, the amount raised pursuant to the pre-ipo placement will be reduced from the fresh issue, subject to compliance with Rule 19(2)(b) of the scrr. The pre-ipo placement, if undertaken, shall not exceed 20% of the size of the fresh issue. Price Band: Rs. 330 per equity share of face value of Rs. 2 each. The floor price is 165.00 times the face value of the equity shares. Bids can be made for a minimum of 45 equity shares of face value of Rs. 2 each and in multiples of 45 equity shares thereafter.

Strengths & Risks

Key competitive advantages and factors to consider before investing.

Strengths and Risk Factors
  • Technology driven market leadership as a key player in the wastewater treatment market.
  • Vertical integration through constant innovation and use of technology.

Frequently Asked Questions

01

What is the minimum investment required to apply for this IPO?

The minimum investment depends on the lot size and the upper price band of the issue. Investors must apply for at least one lot, and the total investment amount is calculated by multiplying the lot size by the upper price band.
02

How is IPO allotment decided?

IPO allotment is determined based on demand and SEBI guidelines. If the IPO is oversubscribed in the retail category, allotment is typically done through a computerized lottery system to ensure fair distribution among eligible applicants.
Listing Date3 Nov
IPO Process Completed

Subscription Status

Live demand across investor categories.

Track real-time subscription levels:

*Real-time data subject to exchange updates

Qualified Institutional Buyers (QIB)18.81x
Non-Institutional Investors (NII)12.81x
Retail Individual Investors (RII)2.71x
Overall Subscription9.47x

India's wastewater treatment market is growing due to opportunities in the industrial and municipal sectors. Market growth is driven by high industrial activity, economic expansion, and groundwater depletion, creating demand for effective wastewater management solutions. This industry has maintained a 5.4% CAGR between FY2020 and FY2025 and is projected to accelerate to 9.6% growth between FY2025 and FY2030E. The Indian tertiary treatment market is projected to rise sharply to Rs.49.24 billion by FY2030F, registering a strong CAGR of 30.26% between FY2025 and FY2030F. Municipal Solid Waste (MSW) has multiple revenue potentials from sales of compressed biogas, electricity, recyclables, and compost. The revenue potential is likely to increase to Rs.303.00 billion by FY2030, growing at a CAGR of 8.5%.

Company History

Our Company was originally incorporated as `SFC Environmental Technologies Private Limited' at Mumbai, Maharashtra as a private limited company under the Companies Act, 1956, pursuant to a certificate of incorporation dated March 29, 2005, issued by the Registrar of Companies, Maharashtra at Mumbai ("RoC"). Thereafter, our Company was converted from a private limited company to a public limited company, pursuant to a resolution passed in the extraordinary general meeting of our Shareholders held on June 29, 2024 and the name of our Company was changed to `SFC Environmental Technologies Limited' and a fresh certificate of incorporation dated August 13, 2024, was issued to our Company by the Registrar of Companies, Central Processing Centre.

Growth Strategy

  • Expansion of our SWT business through large-scale SWT projects and expansion into agro-waste projects.
  • Forward integration with innovative technologies for recycling and reuse of wastewater.
  • Further Strengthening Our Core Wastewater Treatment Business.
  • Acquisitions and expansion in new geographies while strengthening our presence in existing geographies.
  • Enhance our research and development capabilities to increase commercialized technological offerings.
1,000
750
500
250
0
658
698
804
FY24FY25FY26

Profit After Tax (PAT)

▲+9.0%vs FY24

Amount in ₹ crore

200
150
100
50
0
142
144
154
FY24FY25FY26

Total Assets

▲+46.1%vs FY24

Amount in ₹ crore

1,500
1,000
500
0
906
999
1,323
FY24FY25FY26

Figures in ₹ crore, on a consolidated basis, as reported for FY24 to FY26.

*Subject to approvals and market conditions.

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.
    • The company's revenues and operations are dependent upon technology. Failures of these technologies, failures to upgrade or innovate these technologies or failures to identify and develop new technologies could have an adverse impact on the company's results of operations. The company's products may be displaced by newer technology and any inability or failures to adapt to technological developments, the evolving competitive landscape or industry trends could harm the company's business and competitiveness.
    • The company derives a substantial portion of its revenues from the WWT and SWT segments which together accounted for 88.22%, 84.98%, 84.34% and 87.40% of the company's consolidated revenue from operations in the three months period ended June 30, 2026, Fiscals 2026, 2025 and 2024, respectively. The company is significantly dependent on projects, contracts or works awarded or funded by government entities, either directly or through its private customers. The company's revenue from operations directly or indirectly attributable to government entities or government tenders represented 91.97%, 92.35%, 92.40% and 95.72% of its consolidated revenue from the WWT segment for the three months period ended June 30, 2026, Fiscals 2026, 2025 and 2024, respectively and 100.00% in the three months period ended June 30, 2026 and 100.00% of the company's consolidated revenue from SWT segment for each of the Fiscals 2026, 2025 and 2024. Any reduction or termination in such projects or adverse change in government policies could adversely affect its business, results of operations and financial condition.
    • The company derives a significant part of its revenue from the company's top 10 customers and the company does not have long term contracts with most of these customers. If one or more of such customers choose not to source their requirements from the company or to terminate its long-term contracts, the company's business, results of operations and financial condition may be adversely affected.
    • Any failures to comply with trade restrictions such as economic sanctions and export controls or with antibribery and anti-corruption frameworks instituted by government authorities or international organizations, such as multilateral development banks, may restrict the company's ability to participate in projects, and could negatively impact its reputation and results of operations.
    • The company has had negative cash flows from operating activities in the certain past periods / fiscals and may continue to have negative cash flows in the future.
    03

    When will I know if shares are allotted to me?

    Allotment status is usually finalized a few days after the IPO closes. Once finalized, shares are either credited to your Demat account (if allotted) or the blocked funds are released back to your bank account.
    04

    Can I modify or cancel my IPO application?

    Yes, you can modify or cancel your IPO application anytime before the IPO closing date. Changes can be made through your Alice Blue account, subject to exchange cut-off timings.
    05

    What happens if the IPO is oversubscribed?

    If the IPO receives more applications than the number of shares available, it is considered oversubscribed. In such cases, allotment in the retail category is done on a proportionate or lottery basis, and not all applicants may receive shares.