Fixed Price IPO | ₹22 Cr | Listed at NSE SME | Tue, Sep 30, 2025 - Mon, Oct 6, 2025
Greenleaf Envirotech IPO is a fixed price issue of ₹21.90 crores. The issue is a combination of fresh issue of 0.13 crore shares aggregating to ₹17.82 crores and offer for sale of 0.03 crore shares aggregating to ₹4.08 crores.
Greenleaf Envirotech IPO bidding started from Sep 30, 2025 and ended on Oct 6, 2025. The allotment for Greenleaf Envirotech IPO was finalized on Oct 7, 2025. The shares got listed on NSE SME on Oct 9, 2025.
Greenleaf Envirotech IPO price is ₹136 per share. The lot size for an application is 1,000. The minimum amount of investment required by an individual investor (retail) is ₹2,72,000 (2,000 shares) (based on upper price). The minimum lot size for investment in HNI is 3 lots (3,000 shares), amounting to ₹4,08,000.
Smart Horizon Capital Advisors Pvt.Ltd. is the book running lead manager and Kfin Technologies Ltd. is the registrar of the issue. The Market Maker of the company is Rikhav Securities Ltd..
Refer to Greenleaf Envirotech IPO DRHP for detailed Information.
IPO Open
Tue, Sep 30, 2025
IPO Close
Mon, Oct 6, 2025
Issue Price
₹136 per share
Market Cap (Pre-IPO)
₹80.64 Cr
| IPO Date | 30 Sep to 6 Oct, 2025 |
| Listed on | Thu, Oct 9, 2025 |
| Face Value | ₹10 per share |
| Issue Price | ₹136 per share |
| Lot Size | 1,000 Shares |
| Sale Type | Fresh capital cum OFS |
| Issue Type | Fixed Price IPO |
| Listing At | NSE SME |
| Total Issue Size | 16,10,000 shares (agg. up to ₹22 Cr) |
| Reserved for Market Maker | 84,000 shares Rikhav Securities Ltd. (agg. up to ₹1 Cr) |
| Fresh Issue (Ex Market Maker) | 12,26,000 shares (agg. up to ₹17 Cr) |
| Offer for Sale | 3,00,000 shares of ₹10 (agg. up to ₹4 Cr) |
| Net Offered to Public | 15,26,000 shares (agg. up to ₹21 Cr) |
| Share Holding Pre Issue | 46,19,250 shares |
| Share Holding Post Issue | 59,29,250 shares |
| NSE Symbol | GREENLEAF |
| ISIN | INE0PLX01017 |
Greenleaf Envirotech IPO comprises a total issue size of 16,10,000 shares. The net offer to the public is 15,26,000 shares, after excluding 84,000 shares allotted on a firm basis. Of the Net offer 7,48,000 (49.02%) allocated to NII 7,78,000 (50.98%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| NII (HNI) Shares Offered | 7,48,000 | 49.02% | 46.46% |
| Retail Shares Offered | 7,78,000 | 50.98% | 48.32% |
| Firm Reservations | |||
| Market Maker Shares Offered | 84,000 | 5.22% | |
| Total Shares Offered | 16,10,000 | 100.00% | 100.00% |
Investors can bid for a minimum of 2,000 shares and in multiples of 1,000 shares thereof.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Individual investors (Retail) (Min) | 2 | 2,000 | ₹2,72,000 |
| Individual investors (Retail) (Max) | 2 | 2,000 | ₹2,72,000 |
| HNI (Min) | 3 | 3,000 | ₹4,08,000 |
Greenleaf Envirotech Limited provides comprehensive Engineering, Procurement, and Construction (EPC) and turnkey solutions for Wastewater Treatment (WWT) projects, with a strong focus on Sewage Treatment Plants (STPs) and Effluent Treatment Plants (ETPs). It offers comprehensive services from designing, engineering, procurement, supply, installation and testing to operation & maintenance services.
Key business segments:
The company has a state-of-the art laboratory and consulting facility in Surat, Gujarat. In the last 3 fiscal years, the company has successfully executed 31 Turnkey/EPCC basis worth Rs 6,616.18 lakhs. As of May 31, 2025, the company is executing 17 WWT projects (13 Turnkey/ EPCC basis and 4 O&M basis) and have 2 upcoming projects across various states of Gujarat, Maharashtra, Madhya Pradesh, Rajasthan, Karnataka, Assam and Himachal Pradesh.
Competitive Strengths
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.
| Period Ended | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
|---|---|---|---|
| Assets | 25.38 | 15.74 | 12.74 |
| Total Income | 39.08 | 32.64 | 26.58 |
| Profit After Tax | 4.70 | 2.28 | 0.97 |
| EBITDA | 6.62 | 3.66 | 2.09 |
| NET Worth | 12.41 | 7.71 | 2.62 |
| Reserves and Surplus | 7.79 | 3.09 | 1.12 |
| Total Borrowing | 2.49 | 5.13 | 6.12 |
| Amount in ₹ Crore | |||
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Funding of capital expenditure of our Company towards purchase of civil machines and equipments | 1.86 |
| 2 | Funding of capital expenditure of our Company towards purchase of laboratory equipments | 0.35 |
| 3 | Repayment or prepayment, in full or in part, of borrowings availed by our Company from banks, financial institutions and non-banking financial companies | 1.35 |
| 4 | Funding working capital requirements of our Company | 9.00 |
| 5 | General corporate purposes | 2.66 |
| KPI | Mar 31, 2025 |
|---|---|
| ROE | 46.68% |
| ROCE | 45.01% |
| Debt/Equity | 0.20 |
| RoNW | 37.84% |
| PAT Margin | 12.09% |
| EBITDA Margin | 17.05% |
| Price to Book Value | 5.06 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (₹) | 10.17 | 7.92 |
| P/E (x) | 13.38 | 17.17 |
| Promoter Holding | 78.85% | 59.37% |
| Market Cap | ₹80.64 Cr. |
The Greenleaf Envirotech IPO is subscribed 3.84 times on October 6, 2025 6:19:10 PM (Day 4). The public issue subscribed 3.52 times in the individual investors category, [.] times in the QIB category, and 4.16 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for | Total Application |
|---|---|---|---|---|
| NII* | 4.16 | 7,48,000 | 31,08,000 | 0 |
| Individual Investor | 3.52 | 7,78,000 | 27,40,000 | 1,370 |
| Total | 3.84 | 15,26,000 | 58,59,000 | 1,996 |
Total Application : 1,996
*Market Maker portion is not included to NII/HNI.
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Lead Manager(s) fees including underwriting commission | 2.69 |
| 2 | Brokerage, selling commission and upload fees | 0.01 |
| 3 | Registrar to the Offer | 0.03 |
| 4 | Legal Advisors | 0.03 |
| 5 | Advertising and marketing expenses | 0.04 |
| 6 | Regulators including stock exchanges | 0.04 |
| 7 | Printing and distribution of offer stationary | 0.03 |
| 8 | Others, if any (market making, depositories, marketing fees, secretarial, peer review auditors, etc.) | 0.31 |
| Price Details | NSE SME |
|---|---|
| Final Issue Price | ₹136.00 |
| Open | ₹134.90 |
| Low | ₹128.15 |
| High | ₹134.90 |
| Last Trade | ₹132.90 |
Lead Manager Reports
Greenleaf Envirotech IPO is a SME IPO of 16,10,000 equity shares of the face value of ₹10 aggregating up to ₹22 Crores. The issue is priced at ₹136 per share. The minimum order quantity is 1000.
The IPO opens on Tue, Sep 30, 2025, and closes on Mon, Oct 6, 2025.
Kfin Technologies Ltd. is the registrar for the IPO. The shares are proposed to be listed on NSE SME.
Zerodha customers can apply online in Greenleaf Envirotech IPO using UPI as a payment gateway. Zerodha customers can apply in Greenleaf Envirotech IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Greenleaf Envirotech IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Greenleaf Envirotech IPO opens on Tue, Sep 30, 2025 and closes on Mon, Oct 6, 2025.
Greenleaf Envirotech IPO lot size is 1000, and the minimum amount required for application is ₹2,72,000, with 2 lots being the minimum application size.
You can apply in Greenleaf Envirotech IPO online using either UPI or ASBA as a payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO Application is offered by brokers who don't offer banking services. Read more detail about applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.
The finalization of Basis of Allotment for Greenleaf Envirotech IPO will be done on Tuesday, October 7, 2025, and the allotted shares will be credited to your demat account by Wed, Oct 8, 2025. Check the Greenleaf Envirotech IPO allotment status.
The Greenleaf Envirotech IPO listing date is on Thu, Oct 9, 2025.
