The issue will close for subscription on Thursday, October 29, 2026.
FinTech BizNews Service
Mumbai, October 28, 2026: The Initial Public Offering of SFC Environmental Technologies Limited was subscribed 0.27 times on the second day of bidding, exhibiting demand from non-institutional investors on day 2.
The issue received bids of 38,59,155 equity shares against the offered 1,41,59,744 equity shares, according to data available on the stock exchanges.
Non-Institutional Portion & Retail were subscribed 0.37 times and 0.34 times, respectively. Qualified Institutional Buyers portion was subscribed 0.08 times.
The issue will close for subscription on Thursday, October 29, 2026.
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 opened on Tuesday, October 27, 2026 for subscription and will 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 Saketchandrasingh Pratapsingh Dhandoriya.
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.
