Greenleaf Envirotech IPO
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Schedule of Greenleaf Envirotech
| Issue open date | 30 Sep 2025 |
| Issue close date | 06 Oct 2025 |
| UPI mandate deadline | 06 Oct 2025 (5 PM) |
| Allotment finalization | 07 Oct 2025 |
| Refund initiation | 08 Oct 2025 |
| Share credit | 08 Oct 2025 |
| Listing date | 09 Oct 2025 |
| Mandate end date | 21 Oct 2025 |
| Lock-in end date for anchor investors (50%) | 06 Nov 2025 |
| Lock-in end date for anchor investors (remaining) | 05 Jan 2025 |
Note: The schedule is tentative. The anchor lock-in period ends 30 days after the actual allotment date for 50% of the shares and 90 days after for the remaining portion. The allotment status can be checked on the registrar's website and the exchange website.
About Greenleaf Envirotech
Greenleaf Envirotech provides EPC and turnkey solutions for sewage and effluent treatment plants, offers O&M and AMC services, runs a certified environmental lab for audits and testing, and supplies fire safety services with maintenance contracts.
Financials of Greenleaf Envirotech
Issue size
| Funds Raised in the IPO | Amount |
| Overall | ₹21.90 crores |
| Fresh Issue | ₹16.67 crores |
| Offer for Sale | ₹4.08 crores |
Utilisation of proceeds
| Purpose | INR crores (%) |
| Purchase of civil machines & equipment | 1.86 (12.23%) |
| Purchase of laboratory equipment | 0.35 (2.30%) |
| Repayment / prepayment of borrowings | 1.35 (8.87%) |
| Working Capital Requirements | 9.00 (59.14%) |
| General Corporate Purpose | 2.66 (17.47%) |
Strengths
- Established player in wastewater treatment EPC and turnkey projects across multiple states.
- Recognized environmental laboratory with NABL accreditation and Schedule-II auditor status.
- ISO certifications for quality, environment, and occupational health and safety management systems.
- Growing order book with 17 ongoing and 2 upcoming projects worth over ₹5,400 lakhs.
- Demonstrated capability to scale from small to large STP projects (up to 32 MLD).
Risks
- Pending litigations and tax disputes may impact financials or reputation.
- Reliance on government and municipal contracts exposes it to delays and payment risks.
- Projects in early stages (land approvals, designs) may face execution or cost overrun risks.
- Limited strategic partnerships or large-scale private sector presence restricts diversification.
- First-time public issue; no established trading history for equity shares.
Allotment Status for Greenleaf Envirotech
To check your allotment status – click here.
Subscription Figures for Greenleaf Envirotech
As per media reports (Link), the Grey Market Premium (GMP) of Greenleaf Envirotech is reported at ₹0 over the IPO price. This metric is not reliable, and to track IPO interest, it is better to check subscription numbers published by exchanges, which are considered more reliable indicators.
Subscription numbers as of 5:00 PM on September 30, 2025:
| Category | Reserved (lakhs) | Applied (lakhs) | Subscription (X times) |
|---|---|---|---|
| NII | 7.48 | 0 | 0.00x |
| Retail | 7.48 | 2.16 | 0.28x |
| Total | 15.26 | 2.16 | 0.14x |