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SFC IPO Opens: Wastewater Giant Seeks Rs 667.5 Crore
28 Oct
Summary
- SFC Environmental's IPO opened today seeking Rs 667.5 crore.
- The issue saw 4% subscription by mid-morning on October 27.
- Grey market premium stood at 6% for SFC Environmental shares.
SFC Environmental Technologies commenced its Initial Public Offering (IPO) today, October 27, aiming to raise Rs 667.5 crore. The issue had achieved 4% subscription by mid-morning, with retail investors leading the demand. In the grey market, SFC Environmental shares were trading at a 6% premium.
The IPO is priced between Rs 313 and Rs 330 per share. It includes a fresh issue of Rs 150 crore and an offer for sale (OFS) of equity shares worth Rs 517.5 crore. The company intends to utilize Rs 42.2 crore from the fresh issue proceeds for debt repayment and Rs 74.9 crore for working capital. The remaining funds will support general corporate purposes.
The company reported a profit of Rs 1.5 crore in the first quarter of FY27, a significant turnaround from a loss of Rs 1.3 crore in the same quarter of the previous fiscal year. Revenue more than doubled to Rs 133.9 crore in the quarter ended June 2026. SFC Environmental Technologies, established in 2005, specializes in wastewater treatment and recycling solutions.
