SFC Environmental Technologies IPO: GMP, Subscription, Allotment
The ₹667.53 crore SFC Environmental Technologies IPO closes on October 29, 2026. Here are the subscription figures by category, the unofficial GMP, how to check allotment and the listing date.
- The ₹667.53 crore SFC Environmental Technologies IPO (₹313–330 a share, 45-share lots) closes on October 29, 2026, and was 0.85 times subscribed at 1:14 pm IST.
- The unofficial grey market premium had fallen to about ₹6–7 by early afternoon, around 2% above ₹330; it is not a reliable guide to the listing price.
- Allotment is due on October 30 via MUFG Intime, BSE and NSE, with refunds and demat credit on November 2 and listing on November 3.
The SFC Environmental IPO GMP, an unofficial grey-market estimate, had slipped to ₹6–7 a share by early afternoon on October 29, 2026, against the ₹330 top of the price band, according to Investorgain (12:37 pm IST) and IPOji (1:15 pm IST). Bidding for the ₹667.53 crore SFC Environmental Technologies IPO closes today, the basis of allotment is due on Friday, October 30, and the shares are scheduled to list on NSE and BSE on Tuesday, November 3.
As of 1:14 pm IST on the final day, the issue had drawn bids for 0.85 times the shares on offer, IPO Guru's bid tracker showed, so it was not yet fully subscribed. This article is general information, not investment advice, and it does not recommend buying, selling or holding the shares.
SFC Environmental Technologies IPO at a glance
This is a mainboard issue, not an SME one. The red herring prospectus (RHP) dated October 19, 2026 describes a book-built offer of shares with a face value of ₹2 each, made up of new shares and an offer for sale (OFS) by promoters and other existing shareholders. Chittorgarh puts the total at 2,02,28,204 shares.
- Price band: ₹313 to ₹330 per share.
- Fresh issue: 45,45,454 shares worth ₹150 crore. This is the only money the company receives.
- Offer for sale: 1,56,82,750 shares worth ₹517.53 crore. The RHP says these proceeds go to the selling shareholders.
- Lot size: 45 shares, or ₹14,850 at ₹330. Retail investors can bid for up to 13 lots (585 shares, ₹1,93,050), Chittorgarh lists.
- Quotas: 50% for qualified institutional buyers (QIBs), 15% for non-institutional investors (NIIs) and 35% for retail investors.
- Anchor book: ₹200.26 crore raised on October 26 by allotting 60,68,460 shares at ₹330 to 17 anchor investors, Business Today reported.
- Lead managers: IIFL Capital Services, JM Financial and Nuvama Wealth Management. Registrar: MUFG Intime India, formerly Link Intime.
- Market value: about ₹3,232.57 crore after the issue at ₹330, by Chittorgarh's calculation.
Subscription status by category
Day one ended at 0.10 times overall, with retail at 0.16 times and QIBs at zero, based on NSE data timestamped 4:54 pm on October 27 that HDFC Sky reported. At 11:42 am on day two, 5paisa put the figure at 0.16 times, and IPO Watch records day two ending at 0.27 times.
Institutional bids arrived on the last day. Groww had the issue at 0.30 times at 10:05 am on October 29, and Chittorgarh's subscription page showed 0.45 times at 11:19 am. IPO Guru's figures at 1:14 pm IST, which exclude the anchor shares, were:
- QIBs: 0.85 times (34,27,290 shares bid against 40,45,641 offered).
- Big NIIs (above ₹10 lakh): 1.52 times.
- Small NIIs (₹2–10 lakh): 1.42 times.
- Retail: 0.57 times (40,44,780 shares bid against 70,79,872 offered).
- Overall: 0.85 times (1,19,92,860 shares bid against 1,41,59,744 offered).
Trackers differ. IPOji showed 0.90 times overall at 1:15 pm, with NIIs at 1.73 times, while Whalesbook reported 67% around midday. The final figures come after the close. Under the RHP, QIB and NII bids can be uploaded until 4:00 pm IST today and retail bids until 5:00 pm IST.
What happens if it stays undersubscribed?
The RHP sets a minimum subscription of 90% of the fresh issue, plus the minimum required under the Securities Contracts (Regulation) Rules. If either is missed, the company must refund the full amount received. The RHP also says a shortfall in any category other than QIBs can be filled from other categories. Each successful retail bidder gets at least one 45-share lot, subject to availability.
SFC Environmental IPO GMP: what the grey market shows
The grey market premium (GMP) is an informal pre-listing price quoted by some traders. NSE, BSE and SEBI do not publish it, sites report different numbers, and it is not a forecast of the listing price.
The reported figure has fallen as bidding went on. Investorgain's log shows ₹32 on October 24 and 25, ₹20 on October 26, ₹17 on October 27, ₹10 late on October 28 and ₹6 at 12:37 pm on October 29. Business Today cited ₹20–22 on the morning of October 27. At ₹6–7, the estimate is about 2% above ₹330.
How to check SFC Environmental IPO allotment status
The RHP puts the basis of allotment on or about Friday, October 30, finalised with NSE as the designated stock exchange. Status pages show nothing until the registrar uploads the data.
On the MUFG Intime registrar site
- Open the MUFG Intime public issues page.
- Select SFC Environmental Technologies from the company list once it appears.
- Choose PAN, application number, DP/Client ID or bank account and IFSC, then enter your details.
- Fill in the captcha and submit to see the shares applied for and allotted.
The RHP lists the registrar's investor contacts as sfcenvironmental.ipo@in.mpms.mufg.com and +91 81081 14949.
On BSE, NSE and your broker
BSE and NSE also run allotment status pages where you pick the issue and enter your PAN and application number; the NSE symbol is SFCTECH, according to HDFC Sky. Your broker app or bank will show whether the blocked money was debited or released. The steps match our BLS Polymers IPO allotment guide, another issue that closes today, and our Jio Platforms allotment and listing explainer shows how the process ran for a recent large issue.
Refund, demat credit and listing dates
The RHP gives these indicative dates, all marked "on or about":
- Thursday, October 29: bidding closes.
- Friday, October 30: basis of allotment finalised.
- Monday, November 2: unblocking of funds for unsuccessful bids and credit of shares to demat accounts.
- Tuesday, November 3: trading begins on NSE and BSE.
What SFC Environmental Technologies does
The Navi Mumbai company was incorporated in 2005, PTI reported. The RHP calls it an environmental technology company working in wastewater treatment, wastewater recycling and reuse, and solid waste treatment.
Its core product is C-Tech, a sequencing batch reactor (SBR) technology for sewage plants. Citing an industry report, the RHP says C-Tech held over 80% of the SBR market as of July 31, 2026. It also counts 724 cumulative installations with 17,464.61 million litres a day of capacity as of June 30, 2026. Its main wastewater customers are contractors bidding for municipal sewage projects; solid waste customers include Goa Waste Management Corporation and oil marketing companies. It also has an exclusive DuPont supply deal for certain recycling components.
Restated consolidated figures from the RHP:
- Revenue from operations: ₹657.50 crore in FY24, ₹697.86 crore in FY25 and ₹803.63 crore in FY26.
- Profit after tax: ₹144.17 crore, ₹152.01 crore and ₹160.21 crore over the same years.
- April–June 2026: revenue of ₹133.94 crore and profit of ₹1.48 crore, against a ₹0.28 crore loss a year earlier.
- Total borrowings: ₹204.77 crore at June 30, 2026.
- Order book: ₹1,570.07 crore at June 30, 2026.
At ₹330, the price is about 20 times FY26 diluted earnings per share of ₹16.52.
Use of funds from the RHP
- ₹42.23 crore to prepay borrowings of the company and its subsidiary Vasudha Waste Treatment.
- ₹74.92 crore for working capital.
- General corporate purposes: the rest, capped at 25% of the gross fresh-issue proceeds.
Promoter holding falls from 48.18% to 41.18% after the issue, Chittorgarh calculates. The abridged prospectus filed with SEBI lists top risks including reliance on government-funded projects, which drove most revenue, dependence on the top 10 customers, negative operating cash flow in some periods (minus ₹25.80 crore in FY26) and high working-capital needs.
Our take
About 78% of this issue is an offer for sale, as Trade Brains notes, so most of the money goes to existing shareholders rather than the business. The company shows steady annual profit and a large order book, but the June quarter was thin and the RHP's own risk list highlights working capital and cash flow.
QIBs waited until the last day, a common pattern. Business Today's round-up of brokerage notes found four "subscribe" and two "neutral" views. The fading grey-market figure suggests cooler interest, but it is unofficial.
How to follow it
- Tonight: final category-wise subscription on the NSE and BSE bid pages after the 5:00 pm close.
- October 30: allotment status on MUFG Intime, BSE and NSE.
- November 2: check your bank for unblocked funds and your demat account for shares.
- November 3: listing on NSE and BSE.
As of October 29, 2026, these dates are indicative and can change. For decisions, read the RHP or consult a SEBI-registered adviser.
Frequently asked questions
What is the SFC Environmental IPO GMP today?
Investorgain showed ₹6 at 12:37 pm IST and IPOji showed ₹7 at 1:15 pm IST on October 29, 2026, about 2% above the ₹330 upper band. GMP is an unofficial grey-market estimate, differs between sites and can change quickly. It does not predict the listing price.
When is the SFC Environmental IPO allotment date?
The RHP puts the basis of allotment on or about Friday, October 30, 2026. You can check it on the MUFG Intime public issues page, or on the BSE and NSE allotment status pages, using your PAN or application number.
What is the SFC Environmental IPO listing date?
Trading is scheduled to begin on NSE and BSE on or about Tuesday, November 3, 2026. Shares should be credited to demat accounts, and funds for unsuccessful bids unblocked, on or about Monday, November 2.
Is SFC Environmental IPO on the mainboard or SME platform?
It is a mainboard IPO on NSE and BSE. It combines a ₹150 crore fresh issue with a ₹517.53 crore offer for sale, at ₹313–330 per share with a lot of 45 shares.
How much was the SFC Environmental IPO subscribed?
At 1:14 pm IST on October 29, IPO Guru showed 0.85 times overall: QIBs 0.85 times, NIIs 1.49 times and retail 0.57 times. Final figures come after bidding closes at 5:00 pm IST.
Sources
- SFC Environmental Technologies Limited Red Herring Prospectus (Oct 19, 2026), SFC Environmental Technologies
- SFC Environmental Technologies Ltd. Abridged Prospectus, SEBI
- Public Issues: allotment status, MUFG Intime India
- SFC Environmental Technologies IPO Date, Price, GMP, Details, Chittorgarh
- SFC Environmental Technologies IPO subscription status, Chittorgarh
- SFC Environmental Technologies IPO Subscription Status Live, IPO Guru
- SFC Environmental Technologies IPO GMP, Details, Price, Dates & Subscription Status, IPOji
- SFC Environmental Technologies IPO GMP Today & History, Investorgain
- SFC Environmental Technologies IPO Subscription Status: Day 1, HDFC Sky
- SFC Environmental Technologies IPO Subscription Status Day 2, 5paisa
- SFC Environmental Technologies IPO Day 3: Subscription Status, Groww
- SFC Environmental Technologies IPO opens today: Should you subscribe? Check ratings, GMP & more, Business Today
- SFC Environmental Tech raises Rs 200 cr from anchor investors (PTI), Daily Excelsior
- SFC Environmental IPO: ₹668 Crore Issue at ₹313–330, About 20x Pre-Issue Earnings and a Small GMP, Trade Brains
- SFC Environmental IPO Hits 67% Subscription on Final Day, Whalesbook
- SFC Environmental Technologies IPO Subscription Status, IPO Watch
How we wrote this
GessyMorgan explainers are built from public reporting and official sources. This post draws on the 16 sources listed above, each linked where we use it. It was drafted with AI assistance and checked against those sources before publishing. We did not test products, attend events or interview anyone for this article. Facts are current as of October 29, 2026, and we update the post when they change.
