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SFC Environmental Technologies IPO to open on October 27 to raise Rs 150 crore
M
Moneycontrol•20-10-2026, 15:18
SFC Environmental Technologies IPO to open on October 27 to raise Rs 150 crore
- •SFC Environmental Technologies plans to launch its initial public offering on October 27, closing on October 29.
- •The company aims to raise Rs 150 crore through a fresh issue, alongside an offer for sale of 1.56 crore equity shares by promoters and existing shareholders.
- •The IPO price band will be announced on October 21, with share allotment expected on October 30 and listing on November 3.
- •Proceeds from the fresh issue will be utilized for debt repayment, working capital requirements, and general corporate purposes.
- •For the quarter ended June 2026, the company reported a profit of Rs 1.5 crore with revenue nearly doubling to Rs 133.9 crore.
Key Questions Answered
The initial public offering for SFC Environmental Technologies will open for public subscription on October 27 and close on October 29. The anchor book for institutional investors is scheduled to open for one day on October 26.
The company aims to raise Rs 150 crore via a fresh issue of shares. Additionally, existing promoters and shareholders are offering for sale (OFS) 1.56 crore equity shares.
Out of the net proceeds, Rs 42.2 crore will be used to repay debt, Rs 74.9 crore will go toward working capital requirements, and the remaining funds are earmarked for general corporate purposes.
