SFC Environmental Technologies Files for Rs 150 Crore IPO
SFC Environmental Technologies, a Mumbai-based environmental technology company, has filed for an IPO with SEBI. The offering includes a fresh issue of Rs 150 crore and an OFS of up to 1.23 crore shares. Funds will be used for debt repayment, working capital, and general corporate purposes. The company, specializing in wastewater treatment solutions, reported a 5% increase in revenue to Rs 697.86 crore and a 2% rise in profit to Rs 144.06 crore. Shares will be listed on NSE and BSE.
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SFC Environmental Technologies, a Mumbai-based environmental technology company, has taken a significant step towards going public by filing preliminary papers with the Securities and Exchange Board of India (SEBI) for an initial public offering (IPO).
IPO Structure and Size
The proposed IPO comprises two components:
- A fresh issue of shares worth Rs 150 crore
- An offer for sale (OFS) of up to 1.23 crore shares by promoter selling shareholders
The company is also considering a pre-IPO placement of up to Rs 30 crore. If this pre-IPO placement is completed, the size of the fresh issue will be reduced accordingly.
Use of Proceeds
SFC Environmental Technologies plans to utilize the funds raised from the fresh issue for the following purposes:
- Debt repayment: Rs 47.46 crore
- Working capital requirements: Rs 69.67 crore
- General corporate purposes
Company Overview
SFC Environmental Technologies specializes in providing wastewater treatment solutions. The company has established a strong presence in the sewage treatment segment, having completed 639 installations to date.
Financial Performance
The company has demonstrated growth in its recent financial results:
| Metric | Performance |
|---|---|
| Revenue | Increased by 5% to Rs 697.86 crore |
| Profit | Rose by 2% to Rs 144.06 crore |
IPO Details
- Listing: The shares will be listed on both the National Stock Exchange (NSE) and the Bombay Stock Exchange (BSE)
- Book-Running Lead Managers: IIFL Capital Services, JM Financial, and Nuvama Wealth Management
This IPO represents an opportunity for investors to participate in the growth of a company operating in the environmental technology sector, particularly in wastewater treatment solutions. As always, potential investors should carefully review the company's prospectus and consider their own financial goals and risk tolerance before making any investment decisions.
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