Business · Companies · 2 hrs ago
SFC Environmental Technologies plans IPO to fund debt repayment and offer shares
SFC Environmental Technologies, an Indian provider of wastewater and solid-waste treatment solutions, plans to raise money through an IPO with fresh shares and an offer for sale.
It aims to raise ₹150 crore in new shares to repay debt, while existing shareholders plan to sell shares worth ₹517.5 crore.
The company supplies equipment and services for treatment plants and had installations across 23 states and five union territories as of July 2026.
Its revenue and profit grew from FY24 to FY26, and its order book stood at ₹1,574.5 crore as of March 2026.
But government entities and tenders made up 92% of revenue, while the top 10 customers contributed 64%, leaving the business dependent on a limited group of buyers.
Its operating cash flow turned negative in FY26 as working capital needs rose, despite stable operating margins.
After the IPO, promoter ownership is expected to fall from 48.2% to 38.4%, and the company may suit investors willing to take high risks for potential long-term growth.
SFC Environmental Technologies plans to raise ₹150 crore through a fresh share issue to repay debt and ₹517.5 crore through an offer for sale.
The wastewater and solid waste treatment solutions provider reported revenue of ₹803.6 crore and net profit of ₹160 crore in FY26.
Its operating cash flow turned negative at ₹25.8 crore in FY26, which the article linked largely to higher working capital requirements.
Government entities or government tenders accounted for 92% of revenue in FY26, while the top 10 customers contributed 64%.
The promoter shareholding is expected to fall to 38.4% after the IPO from 48.2%.
- Who
- SFC Environmental Technologies, a wastewater and solid waste treatment solutions provider.
- What
- It plans an IPO with a ₹150 crore fresh issue to repay debt and a ₹517.5 crore offer for sale.
- When
- The article was published on October 27, 2026. The IPO date is not stated.
- Where
- India. The company has installations across 23 states and five union territories.
- Why
- The fresh issue is intended to repay debt. The offer for sale will allow existing shareholders to sell shares.
This story does not have two clearly opposing sides.
SFC Environmental Technologies was incorporated.
The company reported revenue of ₹657.5 crore and net profit of ₹144 crore.
The company reported positive operating cash flow of ₹65.5 crore.
Revenue reached ₹803.6 crore and net profit reached ₹160 crore, while operating cash flow turned negative at ₹25.8 crore.
Economic Times published an article about the planned IPO.
- Fresh issue
- ₹150 crore, planned for debt repayment
- Offer for sale
- ₹517.5 crore
- FY26 revenue
- ₹803.6 crore
- FY26 net profit
- ₹160 crore
- Promoter shareholding
- Expected to decline to 38.4% from 48.2%
- Order book
- ₹1,574.5 crore as of March 31, 2026