Greenleaf Envirotech IPO Listing: Shares of Greenleaf Enviroter, which offers services related to waste water and fire safety, had a lackluster entry on NSE SME today. Its IPO received more than 3 times the overall bid. Shares have been issued under the IPO at a price of ₹ 136. Today it has entered NSE SME at ₹ 134.90, which means that IPO investors did not get any listing gain but only 0.81% capital lost on listing. IPO investors got a further shock when the shares fell further. It fell to the lower circuit of ₹ 128.15 (Greenleaf Envirotech Share Price) which means IPO investors are now at a loss of 5.77%.
How will Greenleaf Envirotech IPO money be spent?
Greenleaf Envirotech’s ₹21.90 crore IPO was open for subscription from September 30 to October 6. This IPO was subscribed 3.84 times overall. In this, the half reserved for non-institutional investors (NII) was filled 4.16 times and the remaining half reserved for retail investors was filled 3.52 times. New shares worth ₹17.81 crore have been issued under this IPO. Apart from this, 3 lakh shares with face value of ₹ 10 have been sold under the offer for sale window. The shareholders who sold the shares have received the money from the offer for sale. Of the money raised through new shares, ₹ 1.86 crore will be spent on purchase of civil machines and equipment, ₹ 35 lakh on purchase of lab equipment, ₹ 1.35 crore on debt reduction, ₹ 9.00 crore on working capital needs and the remaining money will be spent on general corporate purposes.
About Greenleaf Envirotech
Greenleaf Envirotech provides EPC (Engineering, Procurement and Construction) and turnkey solutions for wastewater treatment projects. Its focus is on sewage treatment plants and effluent treatment plants (ETPs). It also offers fire safety services. Talking about the financial health of the company, it has continuously strengthened. It had a net profit of ₹97 lakh in FY 2023, which jumped to ₹2.28 crore in the next FY 2024 and increased to ₹4.70 crore in FY 2025. During this period, the total income of the company increased at a compound growth rate (CAGR) of more than 21% annually to ₹ 39.08 crore.
During this period, the debt on the company came down from ₹ 6.12 crore at the end of FY 2023 and from ₹ 5.13 crore at the end of FY 2024 to ₹ 2.49 crore at the end of FY 2025. During this period, if we talk about reserves and surplus, it increased from ₹ 1.12 crore at the end of FY 2023 and from ₹ 3.09 crore at the end of FY 2024 to ₹ 7.79 crore at the end of FY 2025.
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