Greenleaf Envirotech
September 30, 2025 – October 6, 2025
| Price | ₹136 - ₹136 |
| GMP Rumors * | ₹0 |
|---|---|
| Lot size | 1000 |
| Issue size | ₹21.90 cr |
| Allotment | Oct 7, 2025 |
| Listing | Oct 9, 2025 |
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Greenleaf Envirotech Listing Price
| Exchange | Listing Price | Gain/Loss | % |
|---|---|---|---|
| NSE | ₹134.90 | -₹1.10 | -0.81% |
Greenleaf Envirotech Subscription
Last updated on 06-Oct-2025 18:18:03
| Category | Offered | Applied | Times |
|---|---|---|---|
| HNIs | 748000 | 3192000 | 4.27 |
| Individual | 778000 | 2740000 | 3.52 |
| Total | 1526000 | 5932000 | 3.89 |
Application-Wise Breakup  | |||
|---|---|---|---|
| Category | Reserved | Applied | Times |
| Individual | 389 | 1370 | 3.52 |
| Subscription Demand (in ₹ crore) | |||
|---|---|---|---|
| Category | Offered | Demand | Times |
| HNIs | 10.17 | 43.41 | 4.27 |
| Individual | 10.58 | 37.26 | 3.52 |
| Total | 20.75 | 80.68 | 3.89 |
Greenleaf Envirotech Lot(s) Distribution
| Category | Lot(s) | Qty | Amount | Reserved |
|---|---|---|---|---|
| INDIVIDUAL | 2 | 2000 | 272000 | 389 |
| HNI | 3 | 3000 | 408000 | 249 |
Greenleaf Envirotech Reservation
| Category | Shares Offered | % |
|---|---|---|
| HNI | 748000 | 46.46% |
| INDIVIDUAL | 778000 | 48.32% |
| Market Maker | 84000 | 5.22% |
| Total | 1610000 | 100% |
Greenleaf Envirotech About
Greenleaf Envirotech IPO Details
| Issue Size | 16,10,000 shares (aggregating up to ₹21.90 Cr) |
| Fresh Issue (Ex Market Maker) | 13,10,000 shares (aggregating up to ₹17.81 Cr) |
| Offer for Sale | 3,00,000 shares of ₹10 (aggregating up to ₹4.08 Cr) |
| Issue Type | Fixed Price IPO |
| Listing At | NSE SME |
| Share Holding Pre Issue | 46,19,250 shares |
| Share Holding Post Issue | 59,29,250 shares |
| Reserved for Market Maker | 84,000 shares (aggregating up to ₹1.14 Cr) |
| Market Maker | Rikhav Securities Ltd. |
Key Performance Indicators (KPI)
| KPI | Mar-25 | Mar-24 | Mar-23 |
|---|---|---|---|
| ROE | 46.68% | 44.09% | 43.37% |
| RONW | 37.84% | 29.52% | 36.98% |
| EPS (basic) | 10.17 | 5.03 | 6.45 |
| P/E Pre IPO | 13.38 | ||
| P/E Post IPO | 17.17 |
Company Financials In Crores
| Period Ended | Mar-25 | Mar-24 | Mar-23 |
|---|---|---|---|
| Assets | 25.38 | 15.74 | 12.74 |
| Total Income | 39.08 | 32.64 | 26.58 |
| Profit After Tax | 4.7 | 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 |
Peer Comparision(Valuation)
| Company | P/E (x) | Face value | CMP |
|---|---|---|---|
| Greenleaf Envirotech Limited | 13.37 | 10 | 136 |
| Felix Industries Limited | 64.74 | 10 | 200.7 |
| Apex Ecotech Limited | 20.81 | 10 | 164.6 |
| Effwa Infra & Research Limited | 24.34 | 10 | 225.9 |
Source:RHP,P/E Ratio has been computed based on their respective closing market price on September 22, 2025, as divided by the Basic EPS as on March 31, 2025.
Peer Comparision(Financial Performance)
| Company | NAV/Share | RoNW (%) | EPS (Basic) |
|---|---|---|---|
| Greenleaf Envirotech Limited | 26.87 | 37.84 | 10.17 |
| Felix Industries Limited | 65.45 | 10.18 | 3.1 |
| Apex Ecotech Limited | 35.06 | 18.52 | 7.91 |
| Effwa Infra & Research Limited | 40.99 | 21.2 | 9.28 |
Company Overview
Greenleaf Envirotech Limited is a Surat-based company providing comprehensive Engineering, Procurement, and Construction (EPC) and turnkey solutions for Wastewater Treatment (WWT) projects, including Sewage Treatment Plants (STPs) and Effluent Treatment Plants (ETPs).
Key Details:
Core Business: Offers end-to-end services from design to operation & maintenance for WWT projects. Also provides environmental laboratory consulting and fire safety services.
Project Portfolio: Has completed projects worth over ₹66 crore in the last three years. As of May 31, 2025, it was managing 17 active WWT projects.
Robust Order Book: A strong future revenue pipeline valued at approximately ₹54 crore as of May 31, 2025.
The Net Proceeds from the Issue will be utilised towards the following objects:
Funding of capital expenditure of our Company towards purchase of civil machines and equipments for an amount of ₹1.86 crores.
Funding of capital expenditure of our Company towards purchase of laboratory equipments for an amount of ₹0.35 crores.
Repayment or prepayment, in full or in part, of borrowings availed by our Company from banks, financial institutions and non-banking financial companies for an amount of ₹1.35 crores.
Funding working capital requirements of our Company for an amount of ₹9.00 crores.
General corporate purposes for an amount of ₹2.66 crores.
Strength
In-House Capabilities: Full control over project execution, from initial design and engineering to completion, ensuring efficiency and quality.
Dedicated Laboratory: Possesses an in-house environmental laboratory for testing and consulting, enhancing service reliability and technical oversight.
Experienced Team: Led by a knowledgeable management and promoter team with proven expertise in the environmental engineering sector.
Weakness
High dependence on Wastewater Treatment services – revenue concentration risk.
Competitive bidding for projects – failure to secure bids may reduce future growth.
Reliance on key customers – loss or reduced demand from them could impact revenue and profitability.
Greenleaf Envirotech Latest Announcements
| Date | Subject | Attachment Text |
|---|
Greenleaf Envirotech Financial Results
Greenleaf Envirotech Lead Manager(s)
Greenleaf Envirotech Address
3rd Floor, Room No. 4, Plot No. 27-35
Kankavati Complex, Nandanvan Group H
Soc., Singanpore Road, Surat City
Surat, Gujarat, 395004
Phone: +91-9714888033
Email: cs.greenleaf@greenleafenvirotech.in
Website: http://www.greenleafenvirotech.in/
Greenleaf Envirotech Registrar
Greenleaf Envirotech Reviewers
| Reviewer | Recommendation | File |
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