SFC Environmental Technologies has secured Securities and Exchange Board of India’s (SEBI's) approval to raise funds through initial public offering (IPO). The company’s proposed IPO is a mix of a fresh issue of shares worth Rs 150 crore and an OFS of 1.23 crore shares by promoters and existing shareholders.
Proceeds of the IPO will be used for payment of debt and working capital requirements. IIFL Capital Services, JM Financial and Nuvama Wealth Management are book running lead managers to the IPO. The equity shares of the company are proposed to be listed on BSE and NSE.
SFC Environmental Technologies was established with the vision of setting new benchmarks in wastewater treatment in India. The company introduced advanced technologies tailored to local conditions, beginning with the C-Tech process for municipal sewage treatment.
