SFC Environmental lists at ₹355.10 on NSE, closes about 29% above IPO price

SFC Environmental Technologies made its stock market debut on Tuesday, 3 November 2026. The listing price on NSE was ₹355.10, a 7.6% premium over the ₹330 issue price, first reported by The Hindu BusinessLine. On BSE, the shares listed at ₹354.05, a 7.2% premium. Before listing, the grey market premium was 4.70%, first reported by Business Standard.

The gains grew through the day. The stock closed at the upper circuit of ₹426.10 on NSE and ₹424.85 on BSE. That is about 29% above the IPO price, as reported by Business Today and The Hindu BusinessLine.

The IPO was worth ₹668 crore. It had a fresh issue of ₹150 crore and an offer for sale of up to 1.57 crore shares. Anchor investors put in ₹200 crore, and the issue was subscribed 9.47 times. The price was at the upper end of the ₹313-330 band, which valued the company at about ₹3,233 crore, according to The Hindu BusinessLine. Dr. Ravi Singh, Chief Research Officer at Master Capital Services, commented on the listing, the paper reported.

The company offers technology, design, engineering, manufacturing and installation solutions for wastewater treatment, recycling and solid waste treatment. It holds over 80% share in India's SBR technology. Analysts say investors should track order-book execution, cash flow, lower reliance on government tenders and compressed biogas expansion. BLS Polymers also listed the same day and closed about 80% above its ₹150 IPO price.