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Wastewater treatment solution provider SFC Environmental Technologies Ltd on Wednesday announced that its Rs 668 crore initial public offering (IPO) will open for subscription on October 27. It has fixed a price band of Rs 313-330 per share for the public issue, valuing the company at around Rs 3,233 crore at the top end of the price band. The IPO comprises a fresh issue of equity shares worth Rs 150 crore and an offer-for-sale (OFS) of up to 1.57 crore shares by promoters and existing shareholders, according to a public announcement. Proceeds from the fresh issue will be used for debt repayment and working capital requirements. The public issue will close on October 29 and anchor investor bidding will take place on October 26. The company's equity shares are proposed to be listed on BSE and NSE on November 3. Incorporated in 2005, the Mumbai-based company provides wastewater treatment solutions using proprietary technologies, including C-Tech, an advanced technology for treating
Home services marketplace Urban Company on Friday said its consolidated net loss widened to Rs 182.48 crore in the July-September quarter of FY27. The company had posted a net loss of Rs 59.33 crore in the year-ago period, according to a regulatory filing. Urban Company's revenue from operations rose 41.4 per cent to Rs 537.29 crore from Rs 380.03 crore in Q2 FY26. On a sequential basis, the net loss widened from Rs 92.12 crore in the April-June quarter, while revenue was up 1.7 per cent. The company's board also approved raising up to Rs 2,500 crore through the issue of equity shares or other convertible securities via qualified institutional placement (QIP), subject to shareholder approval. The board also gave an in-principle approval to explore residential air conditioners as a new line of business under its 'Native' brand. The company said it already services millions of air conditioners every year, which gives it first-hand insight into product gaps and customer needs. The .