The company is among the market leaders in the municipal solid waste space solutions.
MUMBAI, Aug 28 (The CONNECT)- Mumbai-based environmental technology company involved in solid and wastewater treatment SFC Environmental Technologies has filed its Draft Red Herring Prospectus (DRHP) with capital markets regulator, Securities and Exchange Board of India (SEBI) for its Initial Public Offering (IPO).
The IPO, with a face value of Rs 2, is a mix of fresh issue of shares up to Rs 150 crore and an offer-for-sale up to 12,307,500 shares by promoters and other selling shareholders.
The promoters selling shares are Sandeep Sudhakar Asolkar and Saketchandrasingh Pratapsingh Dhandoriya.
Other selling shareholders are Sarvesh Kumar Garg, Sandeep Sambhaji Parab, Rajesh Kesavan Nambisan, Veera Venkata Satyanarayana Yannamani, Jaya Chandrakant Gogri, Jayshree Harit Shah, Hardik Suresh Matalia, Parag Bipinchandra Shah and Kumaraguru Madurakavi.
The offering also includes a discounted subscription reservation for eligible employees.
The proceeds from its fresh issuance worth Rs 47.46 crore will be utilised for settling dues  and Rs 69.67 crore for working capital requirements.
The company, in consultation with the book-running lead managers, may consider a pre-IPO placement, aggregating up to Rs 30 crore. The fresh issue size will be reduced if the placement is completed.
The Offer is being made through the book-building process, wherein not more than 50% of the net offer is allocated to qualified institutional buyers, 15% non-institutional bidders and 35% will be earmarked for retail individual.
Incorporated in 2005, SFC Environmental Technologies offers proprietary technology for waste water treatment (WWT), Â C-Tech, which is an advanced technology for treating sewage and effluents, per an F&S Report. With 639 installations in the WWT segment, as of March 31, 2025, particularly in sewage treatment plants (STPs), the company holds over 80% market share in sequencing batch reactor (SBR) technology, a key wastewater treatment method in India.
The company’s technologies facilitate the treatment of 15,209.45 million litres per day (MLD) of wastewater, as of March 31, 2025
The company is among the market leaders in the municipal solid waste space solutions.
The company’s reported revenue from operations of Rs 697.8 crore during Fiscal 2025, representing a CAGR of 15.9%.
The company derived 85.2 % of its revenue from operations during Fiscal 2025 from its existing customers. The company’s customer list includes SMC Infrastructures Private Limited, Rajkamal Builders Infrastructure Private Limited, Ramky Infrastructure Private Limited, EMS Limited, Enviro Infra Engineers Ltd and Girdhari Lal Aggarwal Contractors.
Its net profit of Rs 152 crore during Fiscal 2025 grew at a CAGR of 27.2 % from Fiscal 2023.
The company’s order book for waste water treatment was Rs 459.7 crore at the end of 31 March, 2025 and Rs 100.6 crore for sewage waste treatment at the end of 31 March, 2025.
IIFL Capital Services Limited, JM Financial Limited,  and Nuvama Wealth Management Limited, are the book-running lead managers and MUFG Intime India Private Limited is the registrar of the offer. The equity shares are proposed to be listed on BSE and NSE.
