Comparison between Airfloa Rail Technology IPO and Greenleaf Envirotech IPO.
Airfloa Rail Technology IPO is a SME Fixed Price IPO proposed to list at BSE SME while Greenleaf Envirotech IPO is a SME Fixed Price proposed to list at NSE SME.
| Airfloa Rail Technology IPO | Greenleaf Envirotech IPO | |
|---|---|---|
| Logo |  |  |
| Issue Category | SME | SME |
| Issue Type | IPO | IPO |
| Process Type | Bookbuilding | Fixed Price |
| Listing At | BSE SME | NSE SME |
| Lead Managers | GYR Capital Advisors Pvt.Ltd. | Smart Horizon Capital Advisors Pvt.Ltd. |
| Registrar | Kfin Technologies Ltd. | Kfin Technologies Ltd. |
| Market Maker | Giriraj Stock Broking Pvt.Ltd. | Rikhav Securities Ltd. |
| DRHP | DRHP  | DRHP |
| RHP | RHP | |
| Final Prospectus | Final Prospectus | Final Prospectus |
| Anchor Investor | Anchor Investor | |
| IPO Allotment URL | IPO Allotment URL | IPO Allotment URL |
The total issue size of Airfloa Rail Technology IPO is up to ₹86.53 Cr whereas the issue size of the Greenleaf Envirotech IPO is up to ₹20.75 Cr. The final issue price of Airfloa Rail Technology IPO is ₹140.00 per share and of Greenleaf Envirotech IPO is ₹136.00 per share.
| Airfloa Rail Technology IPO | Greenleaf Envirotech IPO | |
|---|---|---|
| Face Value | ₹10 per share | ₹10 per share |
| Issue Price (Lower) | ₹133.00 per share | |
| Issue Price (Upper) | ₹140.00 per share | |
| Issue Price (Final) | ₹140.00 per share | ₹136.00 per share |
| Discount (Retail) | ||
| Discount (Employee) | ||
| Market Lot Size | 1000 shares | 1000 shares |
| Fresh Issue Size | 61,81,000 shares | 12,26,000 shares |
| Fresh Issue Size (Amount) | up to ₹86.53 Cr | up to ₹16.67 Cr |
| OFS Issue Size | 0 shares | 3,00,000 shares |
| OFS Issue Size (Amount) | up to ₹0.00 Cr | up to ₹4.08 Cr |
| Issue Size Total | 61,81,000 shares | 15,26,000 shares |
| Issue Size Total (Amount) | up to ₹86.53 Cr | up to ₹20.75 Cr |
Airfloa Rail Technology IPO opens on Sep 11, 2025, while Greenleaf Envirotech IPO opens on Sep 30, 2025. The closing date of Airfloa Rail Technology IPO and Greenleaf Envirotech IPO is Sep 15, 2025, and Oct 06, 2025, respectively.
| Airfloa Rail Technology IPO | Greenleaf Envirotech IPO | |
|---|---|---|
| Anchor Bid Date | Sep 10, 2025 | |
| Issue Open | Sep 11, 2025 | Sep 30, 2025 |
| Issue Close | Sep 15, 2025 | Oct 06, 2025 |
| Basis Of Allotment (Tentative) | Sep 16, 2025 | Oct 07, 2025 |
| Initiation of Refunds (Tentative) | Sep 17, 2025 | Oct 08, 2025 |
| Credit of Share (Tentative) | Sep 17, 2025 | Oct 08, 2025 |
| Listing date (Tentative) | Sep 18, 2025 | Oct 09, 2025 |
| Anchor Lockin End date 1 | Oct 15, 2025 | |
| Anchor Lockin End date 2 | Dec 15, 2025 |
Airfloa Rail Technology IPO P/E ratio is 9.57, as compared to Greenleaf Envirotech IPO P/E ratio of 13.38.
| Airfloa Rail Technology IPO | Greenleaf Envirotech IPO | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Financials | Company Financials (Restated Consolidated)
| Company Financials (Restated)Greenleaf Envirotech Ltd.'s revenue increased by 20% and profit after tax (PAT) rose by 106% between the financial year ending with March 31, 2025 and March 31, 2024.
| ||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Promoter Shareholding (Pre-Issue) | 74.4 | 78.85 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Promoter Shareholding (Post-Issue) | 54.2 | 59.37 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
| P/E Ratio | 9.57 | 13.38 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Market Cap | ₹335.58 Cr. | ₹80.64 Cr. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ROE | 30.64% | 46.68% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ROCE | 26.28% | 45.01% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Debt/Equity | 0.54 | 0.20 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
| EPS | ₹14.63 | ₹10.17 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
| RoNW | 23.06% | 37.84% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
In the Airfloa Rail Technology IPO Retail Individual Investors (RII) are offered 21,64,000 shares while in Greenleaf Envirotech IPO retail investors are offered 21,64,000 shares. Qualified Institutional Buyers (QIB) are offered 12,35,000 shares in Airfloa Rail Technology IPO and 0 shares in Greenleaf Envirotech IPO.
| Airfloa Rail Technology IPO | Greenleaf Envirotech IPO | |
|---|---|---|
| Anchor Investor Reservation | 18,52,000 shares | 0 shares |
| Market Maker Reservation | 3,26,000 shares | 84,000 shares |
| QIB | 12,35,000 shares | 0 shares |
| NII | 9,30,000 shares | 7,48,000 shares |
| RII | 21,64,000 shares | 7,78,000 shares |
| Employee | 0 shares | 0 shares |
| Others | ||
| Total | 61,81,000 shares | 15,26,000 shares |
Airfloa Rail Technology IPO subscribed 301.52x in total, whereas Greenleaf Envirotech IPO subscribed 3.84x.
| Airfloa Rail Technology IPO | Greenleaf Envirotech IPO | |
|---|---|---|
| QIB (times) | 214.65x | |
| NII (times) | 349.88x | 4.16x |
| Big NII (times) | 375.79x | |
| Small NII (times) | 298.06x | |
| RII (times) | 330.31x | 3.52x |
| Employee (times) | ||
| Other (times) | ||
| Total (times) | 301.52x | 3.84x |
