SFC

SFC Environmental Technologies Limited

Listed Mainboard NSE & BSE Fresh Issue + OFS
🔥🔥🔥🔥🔥

SFC Environmental Technologies is an environmental technology company providing wastewater treatment, recycling, and solid waste management solutions using proprietary C-Tech and OREX technologies. The company serves municipal bodies and government entities across India with over 700 commissioned installations.

Price Band
₹313–₹330
Lot Size
45 shares
Issue Size
₹667.53 Cr
GMP
+₹17
Est. Listing
+5.2%
Subscription
9.47×
Open Date
27 Oct
Close Date
29 Oct
Allotment
30 Oct
Listing Date
03 Nov
Min Investment
₹14,850

Overview

About the Company

Incorporated in March 2005, SFC Environmental Technologies Limited is an environmental technology company engaged in providing technology, design, engineering, manufacturing, supply, 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, an advanced sequencing batch reactor process. Its solid waste treatment business utilizes proprietary Organic Extraction technology for separating biodegradable organic matter from mixed municipal waste. The company operates across 23 states and five Union Territories in India, with 728 commissioned wastewater treatment installations and two integrated solid waste treatment facilities in Goa. As of August 31, 2026, the company employed 264 people including 149 engineers.

Company Details

Founded
2005
Headquarters
Navi Mumbai, Maharashtra
Industry
Environmental Technology / Waste Management
Employees
264
Promoter
Sandeep Sudhakar Asolkar, Priya Sandeep Asolkar, Prachiti Sandeep Asolkar and Saketchandrasingh Pratapsingh Dhandoriya
Issue Type
Fresh Issue + OFS

📋 Objects of Issue (Use of Proceeds)

  • › Prepayment of all or a portion of certain outstanding borrowings availed by Company and wholly owned Subsidiary, namely Vasudha Waste Treatment Pvt.Ltd. - ₹42.23 crores
  • › Funding working capital requirements - ₹74.92 crores
  • › General Corporate Purposes - ₹32.85 crores

✅ Strengths

  • ✓ Technology leadership with over 80% market share in SBR technology in India through proprietary C-Tech technology
  • ✓ Comprehensive integrated solutions spanning design, engineering, equipment supply, installation, commissioning and operations maintenance
  • ✓ Established presence in wastewater recycling and reuse with exclusive DuPont supply arrangement for selected products in India
  • ✓ Proprietary OREX technology enabling organic waste separation, biogas generation and resource recovery
  • ✓ Strong repeat business with 91.98% revenue from repeat customers in Fiscal 2026
  • ✓ Diversified growth opportunities across wastewater treatment, recycling, solid waste treatment, compressed biogas and waste-to-energy projects
  • ✓ In-house manufacturing capabilities for critical components at facilities in Maharashtra and Czech Republic

⚠️ Risks

  • ! Revenues heavily dependent on government entities and municipal bodies
  • ! High concentration risk with significant reliance on top 10 customers
  • ! Significant and seasonal working capital requirements
  • ! Pending legal proceedings against company subsidiaries
  • ! Dependence on limited third-party material suppliers