IPO Details
Bidding Dates
30 Sept 25 - 06 Oct 25
Price Range ₹
136 - 0
Total Equity
₹ 21.90Cr
Lot Size
2000
Exchange Status
NSE
IPO Doc
Subscription Rate
Non-Institutional Investor
0.00×
Qualified Institutional Buyers
0.00×
Employees
0.00×
Retail Investors
0.00×
Total subscription Rate
0.00×
IPO Timeline
Offer start
30 Sept 2025
Offer end
06 Oct 2025
Allotment
07 Oct 2025
Refund initiation
08 Oct 2025
Demat transfer
08 Oct 2025
Listing
09 Oct 2025
Offer start
30 Sept 2025
Offer end
06 Oct 2025
Allotment
07 Oct 2025
Refund initiation
08 Oct 2025
Demat transfer
08 Oct 2025
Listing
09 Oct 2025
About Company
Greenleaf Envirotech Limited is an integrated Engineering, Procurement, and Construction (EPC) company specializing in wastewater treatment solutions, particularly in the design and execution of Sewage Treatment Plants (STPs) and Effluent Treatment Plants (ETPs). The company also provides environmental laboratory and consulting services as well as fire safety solutions, making it a multi-segment player in the environmental services industry. Headquartered in Surat, Gujarat, Greenleaf boasts a state-of-the-art in-house laboratory and strong engineering capabilities that enable it to deliver projects on both turnkey and operations & maintenance (O&M) basis. Over the last three years, the company has executed 31 projects worth ₹6,616.18 lakhs and, as of May 2025, has a healthy pipeline of 17 ongoing wastewater treatment projects and 2 upcoming ones across several states in India.
Year Founded
09-03-2010
Promotor Details
Kalpesh Goti
Promoter Holdings Details
| Particular | Pre-IPO | Post-IPO |
|---|---|---|
| Percentage | 78.85 | 56.37 |
| Share Capital | 3642300 | 3342300 |
Offer to Public
16,10,000.00 Cr
Project Details
- Funding of capital expenditure of our Company towards - 18.613cr
- Funding of capital expenditure of our Company towards - 3.525cr
- Repayment or prepayment, in full or in part, of borrowings - 13.5cr
- Funding working capital requirements of our Company - 90cr
- General corporate purposes - 26.629cr
Objectives
- Funding of capital expenditure of our Company towards purchase of civil machines and equipments
- Funding of capital expenditure of our Company towards purchase of laboratory equipments
- Repayment or prepayment, in full or in part, of borrowings availed by our Company from banks, financial institutions and non-banking financial companies
- Funding working capital requirements of our Company
- andGeneral corporate purposes.
Highlights
- PAT grew 106% YoY in FY25 with expanding margins and reduced debt.
- ₹5,411.03 lakhs as of May 2025, providing strong revenue visibility.
- Design, engineering, execution, and laboratory capabilities reduce dependency on external vendors.
- ROE of 46.68% and ROCE of 45.01% indicate efficient capital utilization.
- Operations across multiple states and segments (wastewater, lab consulting, fire safety) reduce business risk.
Challenges
- With market cap of only ~₹80 Cr, it is vulnerable to market volatility and liquidity constraints.
- Dependence on timely project execution and order inflows can cause fluctuations in earnings.
- Heavy reliance on wastewater treatment projects; any slowdown in this sector could impact growth.
- Price-to-book value of 5.06 suggests premium pricing, which may limit upside if growth slows.
- Although present in multiple states, operations are still heavily based in Gujarat, leading to regional dependency risks.
Financials
| Years | Total Assets | Share Capital | Profit After Tax | Consolidated Net Profit | Adjusted EPS |
|---|---|---|---|---|---|
| 2026 | 6,028.33 | 592.93 | 723.42 | 723.42 | 12.2008 |
| 2025 | 2,610.41 | 461.93 | 459.48 | 459.48 | 9.947 |