SFC Environmental Technologies shares debut at nearly 8 per cent premium
The company's stock listed on Tuesday at a premium to its initial public offering price of Rs 330.
Shares of SFC Environmental Technologies listed on Tuesday at a premium of nearly 8 per cent to the IPO price of Rs 330, according to The Economic Times. The stock opened at Rs 355.10 on the NSE and Rs 354 on the BSE.
The Rs 667.53-crore IPO included a fresh issue of 45.45 lakh shares worth Rs 150 crore and an offer for sale of 1.57 crore shares worth Rs 517.53 crore. The public issue, which opened on October 27 and closed on October 29, 2026, saw an overall subscription of 9.47 times.
Subscription figures included 18.81 times for the qualified institutional buyers (QIB) portion, 12.81 times for non-institutional investors (NII), and 2.71 times for the retail portion. The company had set a price band of Rs 313-330 per share.
SFC Environmental Technologies intends to use the net proceeds to prepay some or all of its outstanding borrowings of Rs 42.23 crore held by the company and its subsidiary, Vasudha Waste Treatment Pvt. Ltd. The company will also allocate Rs 74.92 crore to working capital requirements and use the rest for general corporate purposes.
The environmental technology company reported that total income rose 13 per cent to Rs 821 crore in FY26 from Rs 727 crore in FY25. Profit after tax (PAT) increased 5 per cent to Rs 160 crore from Rs 152 crore during the same period.