Greenleaf Envirotech IPO Lists at ₹134.90 on NSE Emerge, Declines Slightly from Issue Price

Mumbai, 9 October 2025: Greenleaf Envirotech Ltd made its debut on the NSE Emerge platform today, listing at ₹134.90 per share, marginally below the issue price of ₹136. By 10:54 a.m. IST, the stock traded at ₹134.60, down ₹0.30 (-0.22%) from the opening, reflecting modest profit-booking post-listing.

Founded in 2010 and headquartered in Surat, Greenleaf Envirotech Ltd is engaged in environmental engineering, providing Engineering, Procurement, and Construction (EPC) services for sewage and effluent treatment plants. The company also offers operations & maintenance (O&M) services, annual maintenance contracts (AMC), and fire safety system management. For the financial year 2025, the company reported a profit after tax of ₹4.70 crore on revenues of ₹38.85 crore, reflecting a year-on-year growth of over 106%. Greenleaf holds ISO 9001, ISO 14001, ISO 45001, and ISO 10002 certifications, underscoring its operational and environmental compliance.

Greenleaf Envirotech IPO Subscription Clocks 3.84 Times Overall

The ₹22 crore initial public offering (IPO) of Greenleaf Envirotech Ltd received a total subscription of 3.84 times. Retail Individual Investors (RIIs) subscribed 3.52 times, while Non-Institutional Investors (NIIs) subscribed 4.16 times. Qualified Institutional Buyers (QIBs) showed minimal participation at 0.01 times. The IPO offered 1,610,000 shares with a lot size of 1,000 shares, opening for subscription on 30 September 2025 and closing on 6 October 2025. Allotment was finalised on 7 October 2025, with refunds and share credits completed by 8 October 2025.

Listing Day Performance: Stock Trades Below Issue Price in Early Hours

On listing, Greenleaf Envirotech opened at ₹134.90, below the issue price of ₹136. During the day, the stock traded in a range of ₹128.15-₹134.90. By 10:54 a.m. IST, the share was at ₹134.60, marking a slight decline of 0.22% from the opening price.

Trade volumes showed 6.17 lakh shares exchanged, generating a turnover of ₹8.29 crore, with a total market capitalisation of ₹79.81 crore. The order book indicated 13,000 shares in buy orders versus 575,000 shares in sell orders, pointing to higher supply pressure during early trading. The stock’s 52-week high was ₹134.90 and the 52-week low was ₹128.15, with an upper price band of ₹141.60 and a lower band of ₹128.15.

Greenleaf Envirotech Ltd’s IPO drew substantial interest from retail and non-institutional investors, with subscription levels indicating active participation across categories. The stock’s early trading below the issue price reflects cautious market absorption, while financial growth and established operational standards highlight the company’s ongoing business development trajectory

REF: https://www.nseindia.com/get-quotes/equity?symbol=GREENLEAF

Disclaimer:  At HDFC SKY, we take utmost care and due diligence in curating and presenting news and market-related content. However, inadvertent errors or omissions may occasionally occur.

If you have any concerns, questions, or wish to point out any discrepancies in our content, please feel free to write to us at content@hdfcsec.com.

Please note that the information shared is intended solely for informational purposes and does not make any investment recommendations