Greenleaf Envirotech IPO

Q: How can I apply for Greenleaf Envirotech IPO?

You can apply via HDFC SKY using UPI-based ASBA to ensure secure allotment.

Q: Where will Greenleaf Envirotech IPO be listed?

The IPO will list on NSE SME , with tentative listing date 9 October 2025.

₹1,36,000/1000 shares

Minimum Investment

IPO Details

Open Date

30 Sep 25

Close Date

06 Oct 25

Minimum Investment

₹1,36,000

Lot Size

1000

Price Range

₹136 to ₹136

Listing Exchange

NSE

Issue Size

₹21.90 Cr

Listing Date

09 Oct 25

Open Free Demat Account

Greenleaf Envirotech IPO Timeline

Bidding Start

30 Sep 25

Bidding Ends

06 Oct 25

Allotment Finalisation

07 Oct 25

Refund Initiation

08 Oct 25

Demat Transfer

08 Oct 25

Listing

09 Oct 25

Greenleaf Envirotech Limited

Greenleaf Envirotech Limited delivers end-to-end Engineering, Procurement, and Construction (EPC) and turnkey solutions for Wastewater Treatment (WWT) projects, specialising in Sewage Treatment Plants (STPs) and Effluent Treatment Plants (ETPs). The company handles all stages, including design, engineering, procurement, supply, installation, testing, and operation & maintenance. Its core services cover wastewater treatment solutions, environmental laboratory and consulting, and fire safety services. With a state-of-the-art laboratory in Surat, Gujarat, Greenleaf has executed 31 turnkey projects worth ₹6,616.18 lakhs in the last three years and is managing 17 ongoing projects across multiple Indian states, with two more upcoming.

Greenleaf Envirotech Limited IPO Overview

Greenleaf Envirotech Limited’s IPO is a fixed price issue worth ₹21.90 crore, comprising a fresh issue of 0.13 crore shares aggregating ₹17.82 crore and an offer for sale of 0.03 crore shares worth ₹4.08 crore. The IPO opens for subscription on 30 September 2025 and closes on 6 October 2025, with allotment expected on 7 October 2025. It will list on NSE SME, tentatively on 9 October 2025. Priced at ₹136 per share, the minimum retail investment is ₹2,72,000 for 2,000 shares, while HNI investors must apply for at least 3,000 shares (₹4,08,000). Smart Horizon Capital Advisors Pvt. Ltd. is the book running lead manager, Kfin Technologies Ltd. is the registrar, and Rikhav Securities Ltd. acts as the market maker.

Greenleaf Envirotech Limited IPO Details

Particulars	Details
IPO Date	30 September 2025 to 6 October 2025
Listing Date	9 October 2025
Face Value	₹10 per share
Issue Price	₹136 per share
Lot Size	1,000 shares
Total Issue Size	16,10,000 shares (₹21.90 Cr)
Fresh Issue	12,26,000 shares (₹16.67 Cr)
Offer for Sale	3,00,000 shares (₹4.08 Cr)
Issue Type	Fixed Price IPO
Listing At	NSE SME
Shareholding Pre-Issue	46,19,250 shares
Shareholding Post-Issue	59,29,250 shares
Market Maker Portion	84,000 shares (₹1.14 Cr)

Greenleaf Envirotech IPO Reservation

Investor Category	Shares Offered
Market Maker	84,000 (5.22%)
NII (HNI)	7,48,000 (46.46%)
Retail	7,78,000 (48.32%)
Total	16,10,000 (100%)

Greenleaf Envirotech IPO Lot Size

Application	Lots	Shares	Amount
Retail (Min)	2	2,000	₹2,72,000
Retail (Max)	2	2,000	₹2,72,000
HNI (Min)	3	3,000	₹4,08,000

Greenleaf Envirotech IPO Promoter Holding

Shareholding Status	Percentage
Pre-Issue	78.85%
Post-Issue	59.37%

Greenleaf Envirotech Limited IPO Valuation Overview

KPI	Value
EPS	10.17 (Pre-IPO), 7.92 (Post-IPO)
P/E Ratio	13.37 (Pre-IPO), 17.17 (Post-IPO)
RoNW	37.84%
ROCE	45.01%
Debt/Equity	0.20
PAT Margin	12.09%
EBITDA Margin	17.05%
Price to Book Value	5.06

Objectives of the Proceeds

Fund purchase of civil machines and equipment: ₹1.86 Cr

Fund purchase of laboratory equipment: ₹0.35 Cr

Repay or prepay borrowings from banks or financial institutions: ₹1.35 Cr

Fund working capital requirements: ₹9.00 CrGeneral corporate purposes: ₹2.66 Cr

Key Financials (in ₹ Crore)

Particulars	31 Mar 2025	31 Mar 2024	31 Mar 2023
Assets	25.38	15.74	12.74
Revenue	39.08	32.64	26.58
Profit After Tax	4.70	2.28	0.97
Reserves and Surplus	7.79	3.09	1.12
Total Borrowings	2.49	5.13	6.12

SWOT Analysis of Greenleaf Envirotech IPO

Strength and Opportunities

Experienced promoter and management team
Strong order book of Rs 5,411.03 lakhs
In-house project execution and engineering
State-of-the-art environmental lab
Quality certifications and assurance
Expansion opportunities in multiple states

Risks and Threats

Moderate dependence on regional projects
Exposure to regulatory and environmental changes
High competition from established players
Execution delays could impact revenue
Fluctuating raw material costs
Project cancellations risk

Explore IPO Opportunities

Explore our comprehensive IPO pages to stay updated on the latest trends and insights.

Upcoming SME IPOs

Current SME IPOs

Closed SME IPOs

About Greenleaf Envirotech Limited

Greenleaf Envirotech Limited IPO Strengths

Experienced promoter and management team with strong technical expertise.

In-house project execution, designing, and engineering capabilities.

Strong order book of Rs 5,411.03 lakhs as of May 31, 2025.

State-of-the-art environmental laboratory supporting project quality and compliance.

Quality certifications and adherence to industry standards.

Proven track record in executing EPC and turnkey wastewater projects.

Peer Comparison

Company Name	EPS (Basic)	EPS (Diluted)	NAV (per share)	P/E (x)	RoNW (%)	P/BV Ratio
Greenleaf Envirotech Limited	10.17	10.17	26.87	13.37	37.84	5.23
Peer Group
Felix Industries Limited	3.10	3.10	65.45	64.74	10.18	3.08
Apex Ecotech Limited	7.91	7.91	35.06	20.81	18.52	4.69
Effwa Infra & Research Limited	9.28	9.28	40.99	24.34	21.20	5.63

How to apply IPO with HDFC SKY?

Follow these simple steps to apply for an IPO through HDFC SKY. Secure your investments and explore new opportunities with ease by accessing the IPOs available on the platform.

1Login to your HDFC SKY Account

2Select Issue

3Enter Number of Lots and your Price.

4Enter UPI ID

5Complete Transaction on Your UPI App