Some of the marquee institutions that participated in the anchor include Government Pension Fund Global, Societe Generale - ODI, and Edelweiss Life Insurance Company
FinTech BizNews Service
Mumbai, October 26, 2026: SFC Environmental Technologies Limited, which offers proprietary technology for waste water treatment, C-Tech, an advanced technology for treating sewage and effluents (Source: F&S Report), has garnered Rs 200 crore from anchor investors ahead of its initial public offering, which opens for public subscription on Tuesday, October 27.
The company SFC Environmental Technologies informed the bourses that it allocated 60,68,460 equity shares at Rs 330 per share to anchor investors.
Some of the marquee institutions that participated in the anchor include Government Pension Fund Global, Societe Generale - ODI, and Edelweiss Life Insurance Company Limited.
Amongst equity-oriented schemes, the company has allocated shares to SBI Infrastructure Fund, ICICI Prudential Manufacturing Fund and Nippon Life India Trustee Ltd - A/C Nippon India Small Cap Fund, amongst others.
Out of the total allocation of 60,68, 460 equity shares to the anchor investors, 54,09,150 equity shares were allocated to 8 domestic mutual funds through 14 schemes.
IIFL Capital Services, JM Financial Limited and Nuvama Wealth Management are the book running lead manager, and MUFG Intime India Pvt Ltd is the registrar of the issue.
The equity shares are proposed to be listed on the NSE and BSE.
IPO Details
SFC Environmental Technologies Limited has fixed the price band of Rs 313 to Rs 330 per Equity Share of face value Rs 2 each for its maiden initial public offering. The Initial Public Offering ("IPO" or "Offer") of the Company will open on Tuesday, October 27, 2026 for subscription and close on Thursday, October 29,2026. Investors can bid for a minimum of 45 Equity Shares and in multiples of 45 Equity Shares thereafter. The IPO, with a face value of Rs 2, is a fresh issue up to Rs 150 crore, and an offer for sale for up to 15,682,750 shares by promoters - Sandeep Sudhakar Asolkar (held jointly with Priya Sandeep Asolkar) and Saketchandra Singh Pratap Singh Dhandoriys.
Other selling shareholders - Sarvesh Kumar Garg, Sandeep Sambhaji Parab, Rajesh Kesavan Nambisan, Kumaraguru Madurakavi, Veera Venkata Satyanarayana Yannamani, Jayshree Harit Shah (held jointly with Harit Pragji Shah) and Hardik Suresh Matalia.
The issue is being made through the book-building process, in line with SEBI ICDR Regulations, with no more than 50 per cent reserved for Qualified Institutional Buyers, not less than 15 per cent for non-institutional investors and not less than 35 per cent for retail individual investors.
