Greenleaf Envirotech Ltd

Greenleaf Envirotech IPO

  • Status: Closed
  • RHP:
  • ₹ 272,000 / 2000 shares

    Minimum Investment

IPO Listing Details

  • Listing Date

    09 Oct 2025

  • Listing Price

    ₹ 134.90

  • Listing Change

    -0.81%

  • Last Traded Price

    ₹ 175.00

Greenleaf Envirotech IPO Details

  • Open Date

    30 Sep 2025

  • Close Date

    06 Oct 2025

  • Listing Date

    09 Oct 2025

  • IPO Price Range

    ₹ 136

  • IPO Size

    ₹ 21.90 Cr

  • Listing Exchange

    NSE SME

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Greenleaf Envirotech IPO Subscription Status

Last Updated: 09 November 2025 2:46 PM by 5paisa

Greenleaf Envirotech Limited, launching a ₹21.90 crores IPO, delivers end-to-end Engineering, Procurement, and Construction (EPC) solutions for wastewater treatment, specialising in Sewage Treatment Plants (STPs) and Effluent Treatment Plants (ETPs). The company provides design, engineering, procurement, installation, testing, and operation & maintenance services. Its offerings also include environmental laboratory and consulting services, as well as fire safety solutions. With a modern facility in Surat, Gujarat, Greenleaf has completed 31 turnkey projects worth ₹66.16 crore and is currently executing 17 projects across multiple Indian states.
 
Established in: 2010
Managing Director:  Mr. Kalpesh Gordhanbhai Goti
 
Peers:

Felix Industries Limited 
Apex Ecotech Limited
Effwa Infra & Research Limited
 

Greenleaf Envirotech Objectives

The company will invest ₹1.86 crore to purchase civil machines and equipment.
To acquire laboratory instruments, ₹0.35 crore is planned.
₹1.35 crore will be used to prepay or repay borrowings.
₹9.00 crore is earmarked to meet working capital needs.
₹2.66 crore will fund general corporate purposes.
 

Greenleaf Envirotech IPO Size

Types Size
Total IPO Size ₹21.90 Cr
Offer For Sale ₹4.08 Cr
Fresh Issue ₹16.67 Cr

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

Greenleaf Envirotech IPO Reservation

Investors Category Subscription (times) Shares Offered Shares bid for Total Amount (Cr.)*
NII (HNI) 4.16 7,48,000 31,08,000 42.27
Retail Investors 3.52 7,48,000 27,38,000 37.24
Total** 3.84 15,26,000 58,57,000 79.66

 

*The "Shares Offered" and "Total Amount" are calculated using the upper limit of the issue price range.
**Shares allocated to anchor investors (or market makers) are excluded from the total number of shares offered.

Profit and Loss

Balance Sheet

Particulars (In ₹Crores.) FY23 FY24 FY25
Revenue 26.58 32.64 39.08
EBITDA 2.09 3.66 6.62
PAT 0.97 2.28 4.70
Particulars (In ₹Crores.) FY23 FY24 FY25
Total Assets 12.74 15.74 25.38
Share Capital 1.50 4.62 4.62
Total Borrowing 6.12 5.13 2.49
Particulars (In ₹Crores.) FY23 FY24 FY25
Net Cash Generated From / (used in) operating activities 2.38 -0.84 5.75
Net Cash Generated From / (used in) Investing Activities -0.05 -0.19 -0.29
Net Cash Generated From / (used in) financing activities -2.55 1.20 -3.06
Net Increase (Decrease) In Cash And Cash Equivalents -0.22 0.17 2.40


Strengths

1. Strong EPC expertise in wastewater treatment projects.
2. Comprehensive services from design to operation & maintenance.
3. Modern laboratory and consulting facility in Surat.
4. Successfully executed 31 turnkey projects in three years.
 

Weaknesses

1. Limited presence outside India restricts market expansion.
2. High dependence on government and state projects.
3. Capital-intensive operations affect short-term liquidity.
4. Smaller portfolio compared to large multinational competitors.
 

Opportunities

1. Increasing demand for sustainable wastewater management solutions.
2. Expansion potential across multiple Indian states.
3. Growing environmental regulations driving project requirements.
4. Opportunity to diversify into allied environmental services.
 

Threats

1. Intense competition from established EPC players.
2. Regulatory changes may impact project timelines.
3. Rising costs of equipment and raw materials.
4. Project delays due to administrative or political issues.
 

1. Strong track record of executing turnkey wastewater projects.
2. Diversified services spanning EPC, O&M, and consulting.
3. Expansion opportunities across multiple Indian states.
4. Growing demand for environmentally sustainable solutions.
 

Greenleaf Envirotech operates in the rapidly growing wastewater treatment industry, driven by stricter environmental regulations and increasing urbanisation in India. The demand for Sewage Treatment Plants (STPs) and Effluent Treatment Plants (ETPs) is rising across industrial and municipal sectors. With its turnkey EPC solutions, modern laboratory, and consulting services, the company is well-positioned to capitalise on infrastructure development, environmental awareness, and government initiatives supporting sustainable water management.
 

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FAQs

Greenleaf Envirotech IPO opens from September 30, 2025 to October 6, 2025.
 

The size of  Greenleaf Envirotech IPO is ₹21.90 Cr.
 

The price band of  Greenleaf Envirotech IPO is fixed at ₹136 per share.

To apply for Greenleaf Envirotech IPO, follow the steps given below:
 
●    Login to your 5paisa account and select the issue in the current IPO section    
●    Enter the number of lots and the price at which you wish to apply for the Greenleaf Envirotech IPO.    
●    Enter your UPI ID and click on submit. With this, your bid will be placed with the exchange.    
 
You will receive a mandate notification to block funds in your UPI app.
 

The minimum lot size of  Greenleaf Envirotech IPO is of 2,000 shares and the investment required is ₹2,72,000.
 

The share allotment date of Greenleaf Envirotech IPO is October 7, 2025.

The Greenleaf Envirotech IPO will likely be listed on October 9, 2025.

Smart Horizon Capital Advisors Pvt.Ltd is the book running lead manager for Greenleaf Envirotech IPO.
 

Greenleaf Envirotech IPO plans to utilise the raised capital from the IPO for:
● The company will invest ₹1.86 crore to purchase civil machines and equipment.
● To acquire laboratory instruments, ₹0.35 crore is planned.
● ₹1.35 crore will be used to prepay or repay borrowings.
● ₹9.00 crore is earmarked to meet working capital needs.
● ₹2.66 crore will fund general corporate purposes.