Greenleaf Envirotech IPO Overview
Greenleaf Envirotech Limited is set to launch its Initial Public Offering (IPO) on September 30, 2025, with the issue closing on October 6, 2025. The IPO is priced at ₹136 per share, offering a total of 16,10,000 equity shares, aggregating up to ₹21.90 crore. The funds raised will be utilized for capital expenditures, including the purchase of civil and laboratory equipment, repayment of borrowings, working capital requirements, and general corporate purposes. The listing is scheduled on the NSE SME platform on October 9, 2025.
Greenleaf Envirotech GMP Status
| GMP (₹) (grey market premium) | IPO Price (₹) |
| 0 | 136 |
| Last Updated: 6 Oct 2025 | |
| 📌 Note: The above GMP data is unofficial and has been collected from multiple sources including grey market dealers and market observers. It is provided purely for informational and educational purposes. Please consult your financial advisor before making any investment decisions. | |
Greenleaf Envirotech Core Business & Overview
Greenleaf Envirotech Limited is an Indian environmental solutions company headquartered in Surat, Gujarat. Established in 2010.
Founded with the mission to build a cleaner, greener India, Greenleaf Envirotech has successfully executed over 350 projects across various sectors, including manufacturing, government bodies, and educational institutions. The company offers end-to-end solutions encompassing design, engineering, procurement, supply, installation, testing, and operation & maintenance (O&M) for wastewater treatment plants (WWTPs), specifically Sewage Treatment Plants (STPs) and Effluent Treatment Plants (ETPs).
Services
- Turnkey EPC Solutions: Comprehensive services from design to O&M for STPs and ETPs.
- Environmental Consulting: Assistance with NOC/CCA clearances, CGWA permissions, and plastic waste management registrations.
- Laboratory Services: Environmental testing and analysis at their state-of-the-art facility in Surat.
- Fire Safety Services: Design and implementation of fire safety systems.
In FY25, the company reported that wastewater treatment solutions accounted for 91.6% of its revenue, with the remainder from laboratory testing and fire safety services.
Strengths
- Diverse Clientele: Experience across multiple sectors, including manufacturing, government, and education.
- Proven Track Record: Over 350 successfully executed projects and 31 turnkey projects worth ₹6,616.18 lakhs in the last three years.
- Comprehensive Services: End-to-end solutions from design to O&M, ensuring quality and consistency.
- Experienced Team: A team of engineers with expertise in environmental engineering, management, and industrial safety.
Risks
- Competition Among Group Entities: Potential overlap in business activities with promoter group entities, which may lead to internal competition.
- Operational Risks: Exposure to malfunctions or disruptions of information technology systems.
- Regulatory Challenges: Dependence on obtaining necessary clearances and approvals, which can impact project timelines and costs.
- Insurance Limitations: Insurance coverage may not adequately protect against all material hazards, potentially affecting business operations
Financial Performance Overview (₹ in Crore)
| Financials | FY 2023 | FY 2024 | FY 2025 |
| Revenue | 27.05 | 32.92 | 38.85 |
| Profit | 1.02 | 2.27 | 4.59 |
| Assets | 12.64 | 15.62 | 25.29 |
Revenue
- FY 2024 revenue increased to ₹32.92 Cr from ₹27.05 Cr in FY 2023, a growth of 21.8%.
- FY 2025 revenue further increased to ₹38.85 Cr, a growth of 18% over FY 2024.
The company is showing consistent double-digit revenue growth, indicating strong demand for its services in wastewater treatment, environmental consulting, and related areas.
Profit
- Profit jumped from ₹1.02 Cr in FY 2023 to ₹2.27 Cr in FY 2024 (+122% growth) and further to ₹4.59 Cr in FY 2025 (+102% growth).
Profit growth is faster than revenue growth, which indicates improving operational efficiency and better margin management.
Asset
- Total assets grew from ₹12.64 Cr in FY 2023 to ₹15.62 Cr in FY 2024 (+23.6%) and surged to ₹25.29 Cr in FY 2025 (+62%).
The substantial increase in assets, especially in FY 2025, suggests investment in capacity expansion, new projects, or infrastructure, supporting future growth.
Disclaimer:
The above IPO analysis and financial data are based on information provided by the company in its official documents. For complete details, please refer to the Red Herring Prospectus (RHP) linked above. Investors are strongly advised to consult their financial advisor before making any investment decisions.
