sureflo

Sureflo Techcon (NEW IPO): GMP, Profit, Price & expert review

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Sureflo Techcon Limited is an engineering solutions provider specializing in the wastewater and effluent treatment value chain. The company offers a comprehensive range of services, including filtration, separation, aeration, and advanced robotic cleaning systems, catering to diverse sectors such as oil and gas, refineries, power, and municipal infrastructure. Sureflo Techcon integrates design, fabrication, and assembly to deliver efficient industrial and municipal treatment solutions.

Sureflo Techcon Limited was incorporated on April 16, 2013 & the company is currently led by Mr. Sudhir Shivnarayan Gupta.

Sureflo Techcon Limited has filed DRHP for a proposed IPO on the NSE SME (EMERGE) platform consisting entirely as a Fresh Issue of 35,00,000 Equity Shares and no Offer for Sale.

Subscription date to apply for Sureflo Techcon Limited is yet to be announced. Price band for the IPO is also pending to be declared.

Check DRHP
Check IPO Allotment
Visit Official Website
Issue Size:35,00,000 Equity Shares
Fresh Issue:35,00,000 Equity Shares
Offer for Sale:N/A
Price Range:TBA
Lot Size:TBA
GMPPending

Sureflo Techcon Limited important data points

Revenue, PAT, EBITDA

YearFiscal 2025
Networth₹ 24.10 Cr
Revenue:₹ 36.63 Cr
EBITDA₹ 8.01 Cr
EBITDA Margin:21.89%
PAT₹ 7.12 Cr
PAT Margin19.44%
Face Value:₹ 10

IPO important dates

Open Date:TBA
Close Date:TBA
Anchor Investor BiddingTBA
Allotment Date:TBA
Refunds & Demat CreditTBA
Tentative Listing Date:TBA

Use of Proceeds

PurposeAmount
Capital Expenditure for expansion~ ₹ 24.62 Cr
Borrowing Prepayment~ ₹ 2.70 Cr
Sales and Marketing~ ₹ 00 Cr
Ultra-Advanced AI Staffing Suite₹ 00 Cr

Sureflo Techcon Limited Financial Data

202320242025
Revenue (₹ Cr)₹ 28.21₹ 33.92₹ 36.63
PAT (₹ Cr)₹ 0.98₹ 3.46₹ 7.12
Asset (₹ Cr)₹ 43.68₹ 78.29₹ 77.66
Net Worth (₹ Cr)₹ 11.54₹ 17.77₹ 24.1

Sureflo Techcon IPO Grey Market Premium

DateIPO PriceIPO GMPProfit per lot
13-Apr₹ –₹ –₹ –
12-Apr₹ –₹ –₹ –
11-Apr₹ –₹ –₹ –
10-Apr₹ –₹ –₹ –
09-Apr₹ –₹ –₹ –

Sureflo Techcon Limited IPO Pros & Cons

Strengths:

  • Niche Market Leadership: Dominates specialized sectors like robotic sludge management, reducing downtime for industrial clients significantly.
  • Strong Financial Growth: Demonstrated rapid revenue expansion and healthy profitability margins in recent financial reports.
  • Diverse Client Base: Provides critical services to stable, high-demand sectors like oil, gas, steel, and power.
  • In-house R&D: Proprietary robotic cleaning and filtration technologies provide a competitive edge over conventional alternative.
  • Government Tailwinds: Strong alignment with “Make in India” initiatives supports long-term operational and manufacturing expansion.

Risks:

  • Capital Intensive: Industrial manufacturing and R&D require significant, ongoing capital investment to maintain technological superiority.
  • Limited Liquidity: Often operates as an unlisted or SME entity, which can restrict share tradability and transparency.
  • Cyclical Dependency: Heavily dependent on capital expenditure cycles in the heavy industries it serves (e.g., refineries).
  • High Competition: Faces pressure from both established environmental engineering giants and emerging low-cost regional competitors.
  • Project Execution Risk: Relies on successful execution of large-scale, onsite industrial projects, which are prone to delays.

Sureflo Techcon Limited Promoters – Pre offer equity (Approx)

Promoters%Shares
Sohail Sudhir Gupta59.86%
Sudhir Shivnarayan Gupta40.13%
Rekha Sudhir GuptaNegligible
–
–
–

Sureflo Techcon Limited Promoters – Pre offer equity (Approx)

Application TypeLot SizeNo. of LotNo. of SharesInvestment Amount
Retail (Min)–1–₹ –
Retail (Max)–13–₹ –
HNI (Min)–14–₹ –
HNI (Max)–66–₹ –
Big HNI (Min)–67–₹ –

Lead Managers / Registrars of Sureflo Techcon Limited

Lead / Book Running Lead ManagersGRETEX CORPORATE SERVICES LIMITED
Registrar (RTA)MAASHITLA SECURITIES PRIVATE LIMITED

  • It provides industrial filtration, aeration, separation, and robotic sludge management systems for wastewater treatment.

  • Sureflo Techon Limited is raising funds via IPO for capital expansion in existing facilities, repaying borrowings, and general purposes.

  • It is an SME IPO offering 3.5 million equity shares, proposed for listing on NSE Emerge.

  • Risks include reliance on specific industrial clients, potential regulatory changes, and inherent operational project hazards.

  • Rising environmental regulations and demand for automated industrial sludge cleaning offer significant long-term growth opportunities.

  • You can apply for the IPO via ASBA through bank net banking, UPI on trading apps, or through your broker once the IPO opens for subscription.

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