SFC Environmental Technologies raises over Rs 200 crore from 11 anchor investors; IPO opens on October 27

The issue comprises a fresh issuance of shares worth Rs 150 crore and an offer for sale (OFS) of 1.56 crore shares worth Rs 517.53 crore. SFC Environmental Technologies has allotted 60.68 lakh shares to institutional investors through the anchor book at Rs 330 per share. Of these, 54.09 lakh shares were allotted to eight domestic mutual funds. Domestic mutual funds participating in the anchor book included SBI Mutual Fund, Nippon Life India, ICICI Prudential AMC, Quant Mutual Fund, Edelweiss and Sundaram Mutual Fund, among others.

Other investors, including Government Pension Fund Global, Societe Generale and Edelweiss Life Insurance Company, also participated in the anchor book. SFC Environmental Technologies provides engineering solutions in wastewater treatment, wastewater recycling and reuse, and solid waste treatment. As of August 2026, the company had an order book worth Rs 641 crore in wastewater treatment, Rs 561 crore in wastewater recycling and reuse, and Rs 454.5 crore in solid waste treatment.

The company plans to utilise Rs 42.2 crore of the net proceeds from the fresh issue to repay debt and Rs 74.9 crore to meet its working capital requirements. The remaining proceeds will be used for general corporate purposes. As of July 2026, the company's outstanding borrowings stood at Rs 253.1 crore. On the financial front, SFC Environmental Technologies reported a profit of Rs 1.5 crore for the quarter ended June 2026, compared with a loss of Rs 1.3 crore in the corresponding quarter of the previous fiscal year. Revenue nearly doubled to Rs 133.9 crore from Rs 67.8 crore in the year-ago period.