About Sureflo Techcon IPO
Sureflo Techcon IPO Details
The Sureflo Techcon IPO is a 100% book-built issue of 35 lakh equity shares, which are entirely a fresh shares with a face value of ₹10 each. The company filed its DRHP with SEBI on Sep 30, 2026.
The price band and official dates of subscription and listing will be announced by the company later, but the shares are intended to be listed on the NSE SME platforms. The book-running manager for this issue is Gretex Corporate Services Ltd., while the registrar to the issue is Maashitla Securities Private Ltd.
Sureflo Techcon IPO Date & Timeline
Sureflo Techcon Ltd. filed its DRHP with SEBI on September 30, 2025, for a book-built issue of 35 lakh equity shares. Even though the dates of opening and price bands have not been officially announced, it is expected to be in early 2026. Gretex Corporate Services is the lead manager, with Maashitla Securities serving as the registrar.
Sureflo Techcon IPO Timeline
| IPO Open Date | - |
| IPO Close Date | - |
| Tentative Allotment | - |
| Initiation of Refunds | - |
| Credit of Shares to Demat | - |
| Tentative Listing Date | - |
| Cut-off time for UPI mandate confirmation | - |
Sureflo Techcon IPO Details
| Detail | Description |
|---|---|
| IPO Date | - |
| Listing Date | - |
| Face Value | ₹ 10 per share |
| Issue Price Band | - |
| Lot Size | - |
| Sale Type | Fresh Capital |
| Total Issue Size | 35,00,000 shares (agg. up to ₹[.] Cr) |
| Reserved for Market Maker | - |
| Fresh Issue(Ex Market Maker) | - |
| Offer for Sale | - |
| Net Offered to Public | - |
| Issue Type | Bookbuilding IPO |
| Listing At | NSE SME |
| Share Holding Pre Issue | 85,00,003 shares |
| Share Holding Post Issue | 94,37,503 shares |
Sureflo Techcon IPO GMP (Grey Market Premium)
“Grey Market Premium” or GMP is defined as the rate at which the IPO's shares are traded in the market before they are officially listed on the stock exchange.
The Sureflo Techcon IPO GMP is currently trading at ₹[.], reflecting the sentiment of unofficial investors before the official listing. This premium suggests a potential listing price of ₹[.], which is [.]% above the issue price. While the Grey Market Premium is a key indicator of demand and investor appetite, it is important to remember that GMP is highly volatile and should not be the sole factor in your investment decisions.
Company Background
Sureflo Techcon Ltd. was incorporated as "Sureflo Techcon Private Limited" in April 2013. With its office located in Andheri East, Mumbai, Maharashtra, it is a leading engineering company that specializes in the field of sustainable water/wastewater management. The company transitioned into a public entity after pioneering "no-man-entry" robotic sludge management and advanced filtration systems. With its 120,000 sq. ft. facility based in Goa, it caters to the Oil & Gas, Power and Steel industries worldwide. With its focus on replacing conventional technologies with eco-friendly ones, Sureflo provides innovative and safety-driven engineering solutions to the Middle East, Africa and Asia regions.
Operations & Product Range
Sureflo Techcon Ltd.'s primary business is environmental engineering and industrial safety, with a special emphasis on designing and assembling advanced systems. The primary product range includes Filtration, Separation, Aeration and robotic sludge management systems. The range includes Automatic Valveless Gravity Filters, Pressure Sand Filters, Decanter Centrifuges and High Rate Filters. The company is recognized for its unique "No Man Entry" concept in sludge handling and tank cleaning operations in oil refineries, power generation and municipal sewage treatment plants.
Facilities & Capacity
The design, fabrication, assembly and quality control are handled within Sureflo Techcon Ltd., while the raw cast and molded parts are sourced externally. Sureflo Techcon Ltd. has its corporate office in Mumbai. It also operates in places like Goa. It plans to use the funds to meet capital requirements to expand within its existing manufacturing facility to meet increasing demand at home and abroad.
Brands & Market Presence
Sureflo Techcon Ltd., operating under the "Sureflo" name, has managed to develop a strong reputation in the industry for providing safe and innovative products. Their flagship products, including the Sureflo AVGF and the Decanter Centrifuges, have been successful in establishing themselves in the industry, with installations in various countries, including the USA, Africa, Myanmar and Nepal. Their quality assurance can also be gauged by their achievement of the prestigious ISO 9001, ISO 14001 and ISO 45001 accreditations, which act as differentiators in winning contracts for large-scale projects.
Revenue Streams & Business Model
Sureflo Techcon Ltd.’s major source of revenues includes direct sales of engineered equipment such as filtration units, separation centrifuges and aeration systems, as well as significant revenues generated from online robotic cleaning and sludge management services. The company serving both heavy industries and municipalities ensures consistent revenues across economic segments, while export operations add to the overall revenues.
Management & Shareholding
Sureflo Techcon Ltd. is promoted by Sudhir Shivanarayan Gupta, Sohail Sudhir Gupta and Rekha Sudhir Gupta. They have profound technical knowledge in the field of environmental engineering. Before the IPO, the promoter group held a majority of the pre-issue equity share capital, but after the IPO, the shareholding will dilute the promoters' stake in the company and allow new investors.
Board & Key Management
The board of directors at Sureflo Techcon Ltd. consists of industry experts and leaders in the field, including MD Sudhir Shivanarayan Gupta, Executive Director Sohail Sudhir Gupta and Non-Executive Director Rekha Sudhir Gupta, focusing on innovation and operations. To ensure strict corporate governance, the board also consists of independent directors like Vrushti Nishant Sheth. The management team consists of CFO Prathami Suhas Rajapurkar and CS Harsh Pankaj Jani.
Sureflo Techcon IPO Financial Information
Latest Revenue
43.73
₹ Crore
Profit After Tax
7.12
₹ Crore
Net Worth
24.10
₹ Crore
Total Borrowing
22.57
₹ Crore
| Period Ended | Assets | Revenue From Operations | Profit After Tax | Net Worth | Reserves & Surplus | Total Borrowing | |||
|---|---|---|---|---|---|---|---|---|---|
| 31 Mar 2025 | 77.67 | 43.73 | 7.12 | 24.10 | 20.70 | 22.57 | |||
| 31 Mar 2024 | 78.29 | 37.49 | 3.46 | 17.77 | 14.37 | 29.29 | |||
| 31 Mar 2023 | 43.68 | 30.74 | 0.99 | 11.54 | 8.14 | 18.84 | |||
| Amount in ₹ Crore | |||||||||
Sureflo Techcon Key Performance Indicator
| KPI | Values |
|---|---|
| ROE | 34.01% |
| ROCE | 27.06% |
| Debt/Equity | 0.94x |
| RoNW | 34.01% |
| PAT Margin | 19.44% |
| EBITDA Margin | 21.89% |
| Price to Book Value | - |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (Rs) | 20.95 | 8.38 |
| P/E (x) | - | - |
Sureflo Techcon IPO Objectives
The company plans to utilize the Sureflo Techcon IPO proceeds for strategic purposes:
- • Funding capital expenditure towards expansion
- • Repayment/prepayment of debt
- • General corporate purposes
Sureflo Techcon IPO Review
Sureflo Techcon Ltd. operates in a highly critical industry where environmental regulations are becoming more and more stringent and the world is moving in the direction of a sustainable way of water and sludge management. Therefore, the company has a competitive advantage over its peers in the industry in terms of its specialized robotic cleaning services, which ensure zero production downtime for its clients.
In terms of financials, the company offers a solid growth profile where the average annual revenues generated by the company amount to ₹36.63 crore, along with a PAT of ₹7.12 crore. Moreover, the company enjoys a high Return on Equity (ROE) of 34.01%, which signifies highly efficient capital employment. Overall, Sureflo Techcon IPO funds raised by the company will primarily go into expanding the facilities of the company, thereby indicating that the company will use the funds to meet future debt obligations in terms of increasing production.
Conclusion
Sureflo Techcon IPO offers an opportunity to invest in a growing company that has achieved a significant milestone in its life cycle, where the company is in need of growth capital to expand its manufacturing footprint. With a solid foundation in innovative technology in the field of water treatment and robotic industrial cleaning, the company has been able to meet the ever-changing demands of industries worldwide.
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Competitive Strengths
Comprehensive end-to-end engineering solutions in filtration, separation and aeration.
First company to offer "No Man Entry" online robotic sludge management services.
Diverse clientele with operations in high-barrier segments like oil & gas, steel and power.
In-house R&D and design capabilities with global ISO certifications.
| Sr.no | Description | Date | File |
|---|---|---|---|
| 1 | Filed with SEBI/Exchange | 30/09/2025 | View DRHP |
| 2 | SEBI/Exchange approval received | - | - |
IPO Lot Size
| Investors | No.of lots | Shares Offered | Max Bid Amount |
|---|---|---|---|
| Individual investors (Retail) (Min) | — | — | |
| Individual investors (Retail) (Max) | — | — | |
| S-HNI (Min) | — | — | |
| S-HNI (Max) | — | — | |
| B-HNI (Min) | — | — |