Greenleaf Envirotech IPO

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