Current IPO
SFC Environmental Technologies Ltd
Registered Office:
Ambience Court Hi-Tech Busines,Park, 21st Flr Sec-19D Vashi,
Maharashtra ,
Navi Mumbai,400705
Phone : +91 22 4482 2717
|
Fax : N/A
| Email :
compliance@sfcenv.com
| Website : www.sfcenvironment.com
Initial public offering of 20,228,204 equity shares of face value of Rs. 2 each ("Equity Shares") of the company for cash at a price of Rs. 330 per equity share (including a share premium of
Rs. 328 per equity share) ("offer price") aggregating to
Rs. 667.53 Crores ("Offer"). The offer comprised a fresh issue of 4,545,454 equity shares (of face value of Rs. 2 each) aggregating to Rs. 150.00 Crores by the company ("Fresh Issue") and an offer for sale of 15,682,750 equity shares of face value of Rs. 2 each ("Offered Shares") aggregating to Rs. 517.53 Crores, comprising of 934,000 equity shares of face value of Rs. 2 each aggregating to Rs. 30.82 Crores by Sandeep Sudhakar Asolkar (held Jointly with Priya Sandeep Asolkar), 3,736,000 equity shares of face value of Rs. 2 each aggregating to Rs. 123.29 Crores by Saketchandrasingh Pratapsingh Dhandoriya, (the "Promoter Selling Shareholders"), 3,565,000 equity shares of face value of Rs. 2 each aggregating to Rs. 117.65 Crores by Sarvesh Kumar Garg, 2,136,000 equity shares of face value of Rs. 2 each aggregating to Rs. 70.49 Crores by Sandeep Sambhaji Parab, up to 2,136,000 equity shares of face value of Rs. 2 each aggregating to Rs. 70.49 Crores by Rajesh Kesavan Nambisan, 2,136,000 equity shares of face value of Rs. 2 each
aggregating to Rs. 70.49 Crores by Kumaraguru Madurakavi, 933,000 equity shares of face value of Rs. 2 each aggregating to Rs. 30.79 Crores by Veera Venkata Satyanarayana Yannamani, 70,000 equity shares of face value of Rs. 2 each aggregating to Rs. 2.31 Crores by Jayshree Harit Shah (held Jointly with Harit Pragji Shah), and 36,750 equity shares of face value of Rs. 2 each aggregating to Rs. 1.21 Crores by Hardik Suresh Matalia (the "Other Selling Shareholders", and together with the promoter selling shareholders, the "Selling Shareholders" and such offer for sale of equity shares by the selling shareholders, the "Offer For Sale"). The offer constituted 20.65% of the post-offer paid up equity share capital of the company.
The company, in consultation with the brlms, may consider a further issue of specified securities as may be permitted under applicable law, at its discretion, aggregating up to Rs.30.00 crores (the "pre-ipo placement"), prior to the filing of the pre-ipo placement, if undertaken, will be at a price to be decided by the company, in consultation with the brlms. If the pre-ipo placement is completed, the amount raised pursuant to the pre-ipo placement will be reduced from the fresh issue, subject to compliance with Rule 19(2)(b) of the scrr. The pre-ipo placement, if undertaken, shall not exceed 20% of the size of the fresh issue.
Price Band: Rs. 330 per equity share of face value of Rs. 2 each.
The floor price is 165.00 times the face value of the equity shares.
Bids can be made for a minimum of 45 equity shares of face value of Rs. 2 each and in multiples of 45 equity shares thereafter.
| Issue | Money Payable On | ||
|---|---|---|---|
| Opens On | Closes On | Allotment | Application |
| 27-Oct-26 | 29-Oct-26 | 0.0 - 0.0 | 330.0 - 0.0 |
Minimum Application for shares in Nos : 45.00 Further Multiples of : 45.00
| ( in Cr) | Lead Managers to the Issue | |
|---|---|---|
| Project Cost | 137.47 |
IIFL Capital Services Ltd JM Financial Ltd Nuvama Wealth Managemnt Ltd |
| Project Financed | 667.53 | |
| Post Issue | 19.59 | |
| Issue Price | 19.59 |
Projects
- Prepayment of all or a portion of certain outstanding borrowings availed by the company and its wholly owned subsidiary namely Vasudha Waste Treatment Pvt Ltd
- Funding its working capital requirements
- General corporate purposes
-
Promoted By
Sandeep Sudhakar Asolkar
Sandeep Sudhakar Asolkar (hel
Saketchandrasingh Pratapsingh
-
Listing At
BSE
NSE
-
Registrar to the Issue
MUFG Intime India Pvt Ltd