SFC Environmental Technologies IPO: Aims to Raise Rs 150 Crore, Files DRHP with SEBI
SFC Environmental Technologies Ltd. has taken a significant step towards going public by filing preliminary papers with the Securities and Exchange Board of India (SEBI) to raise funds via an initial public offering (IPO). The company aims to collect Rs 150 crore through the public offer, which will include a mix of fresh issue of shares and an offer for sale by promoter selling shareholders.
IPO Details: Fresh Issue and Offer for Sale
The public offer will comprise a fresh issue of shares worth Rs 150 crore and an offer for sale of up to 1.23 crore shares by promoter selling shareholders. The equity shares are proposed to be listed on the National Stock Exchange of India Ltd (NSE) and BSE Ltd. The company may consider an issue of equity shares aggregating up to Rs 30 crore as pre-IPO placement, in consultation with the book-running lead managers.
Promoters and Selling Shareholders
Sandeep Sudhakar Asolkar and Saketchandrasingh Pratapsingh Dhandoriya are the promoters of the company offloading shares in the offer for sale. Other shareholders selling their stake include Sarvesh Kumar Garg, Sandeep Sambhaji Parab, Rajesh Kesavan Nambisan, and Kumaraguru Madurakavi.
Book-Running Lead Managers and Registrar
IIFL Capital Services Ltd., JM Financial Ltd., and Nuvama Wealth Management are the book-running lead managers for the issue, while MUFG Intime India Pvt. will be the registrar of the issue.
Utilization of IPO Proceeds
The company plans to utilize the proceeds from the fresh issue for various purposes. Proceeds worth Rs 47.46 crore will be used for prepayment of all or a portion of certain outstanding borrowings. Additionally, Rs 69.67 crore will be used for funding working capital requirements, while the remaining funds will be used for general corporate purposes.
Company Profile: SFC Environmental Technologies
SFC Environmental Technologies is a Mumbai-based environmental technology company that offers technologies and comprehensive engineering solutions. The company provides design, technology, manufacturing, supply, and supervision for installation and commissioning of equipment for treatment of wastewater and providing tertiary treatment solutions for wastewater recycling and reuse.
Business Performance: Revenue and Profit
As of March 31, the company had completed 639 installations in the wastewater treatment segment, particularly in sewage treatment plants. SFC’s revenue from operations increased by 5% from Rs 657.5 crore in fiscal 2024 to Rs 697.86 crore in fiscal 2025. The profit for the year increased by 2% from Rs 141.61 crore in fiscal 2024 to Rs 144.06 crore in fiscal 2025.
Investment Opportunities and Growth Prospects
The IPO of SFC Environmental Technologies presents an investment opportunity for those looking to diversify their portfolio in the environmental technology sector. With the increasing focus on sustainability and wastewater treatment, the company is well-positioned for growth. However, it is essential to conduct thorough research and analysis before making any investment decisions.
For more information on the IPO and the company’s financials, visit the SEBI website or consult with a financial advisor. Additionally, you can check the NSE website for updates on the company’s stock performance and market trends.
