Greenleaf Envirotech came to market through an SME IPO that opened on 30 September 2025 and closed on 6 October 2025, and the shares listed on 9 October 2025 on NSE SME. The price band was ₹136 per share and one lot was 1000 shares, so the minimum application was ₹1,36,000. The issue size was ₹21.9 crore. It combined a fresh issue of new shares with an offer for sale by existing shareholders.
Kfin Technologies Ltd was the registrar to the issue, and Smart Horizon Capital Advisors Pvt.Ltd was the lead manager.
As of 6 October 2025.
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Greenleaf Envirotech Limited offers end-to-end Engineering, Procurement, and Construction (EPC) and turnkey services for Wastewater Treatment (WWT) projects, and places major emphasis on Sewage Treatment Plants (STPs) and Effluent Treatment Plants (ETPs). It provides end-to-end services ranging from designing, engineering, procurement, supply, installation and testing to operation & maintenance services. Major business segments: Wastewater treatment solutions Environment lab and consulting services Fire safety services The corporation has a modernized laboratory and consulting complex located in Surat, Gujarat.
The corporation has executed 31 Turnkey/EPCC basis valued at Rs 6,616.18 lakhs during the last 3 years. As of May 31, 2025, the corporation is working on 17 WWT projects (13 Turnkey/ EPCC basis and 4 O&M basis) and have 2 pending projects in different states of Gujarat, Maharashtra, Madhya Pradesh, Rajasthan, Karnataka, Assam and Himachal Pradesh.
As described in the offer document.
| Metric | 31-Mar-25 | 31-Mar-24 | 31-Mar-23 |
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Mr. Kamlesh Gordhanbhai Goti, Ms. Gopiben Kalpesh Goti. Promoter holding 78.85% before the issue and 59.37% after.
Work out the listing gain for this SME IPO
If the retail portion is not fully subscribed, every valid application is allotted in full. If it is oversubscribed, SEBI's rules require that as many applicants as possible receive at least one lot, so the shares are allotted by a computerised lottery across all valid applications, one lot each, until the retail portion is exhausted. Applying for more lots does not improve your chance in a lottery; it only increases what you receive if the issue is under-subscribed.
The basis of allotment document, published by the registrar on the allotment date, states the ratio: for example, one applicant in seven received one lot.
Allotment status is published by the registrar on its website, searchable by PAN, application number or demat account, and also on the exchange's website. Allotted shares are credited to the demat account the day before listing, and blocked money for unsuccessful applications is released the same day. The Rupix app can check allotment status by PAN once the registrar publishes it.
Shares list within three working days of the issue closing. On listing day the exchanges run a special pre-open session from nine o'clock, during which orders are collected and an opening price is discovered from them; trading in the share begins after that, usually around ten. The opening price is the listing price that appears on this page once the issue has listed, and the listing gain or loss is the difference between it and the issue price.
For a mainboard issue, the share then trades in the normal way with the exchange's price band for a new listing. For an SME issue, shares trade in lots rather than one at a time, and the market can be thin, so selling on listing day is not always possible at the opening price. Capital gains on shares sold within a year of allotment are short-term and taxed at the short-term rate.
Greenleaf Envirotech IPO was a ₹21.9 crore book-built issue, comprising a fresh issue of ₹17.82 crore and an offer for sale of ₹4.08 crore. It was priced at ₹136 per share with a lot size of 1,000 shares; the minimum retail application was 2,000 shares (₹2,72,000). The IPO was open from September 30 to October 6, 2025 and was subscribed 3.89x.
Shares listed on NSE SME on October 9, 2025 at ₹134.90, a 0.8% discount to the issue price of ₹136. Kfin Technologies Ltd. is the registrar. Smart Horizon Capital Advisors Pvt. Ltd. is the book running lead manager.
The issue price of Greenleaf Envirotech IPO is ₹136 per share (fixed price).
The lot size of Greenleaf Envirotech IPO is 1000 shares.
The minimum investment for Greenleaf Envirotech IPO is approximately ₹2,72,000 based on the issue price.
The allotment date of Greenleaf Envirotech IPO is Oct 7, 2025.
You can check Greenleaf Envirotech IPO allotment status on the registrar or stock exchange websites using your PAN or application number after allotment. You can also check the Greenleaf Envirotech IPO allotment status on Rupix for quick and easy access.
₹136 per share, against a face value of ₹10. Most applicants bid at the cut-off price, the top of the band, so that the application was valid whatever price the issuer finally fixed.
One lot was 1000 shares, and every application had to be a whole number of lots. At the top of the band that made the minimum application ₹1,36,000. After listing, SME shares also trade in lots rather than one share at a time.
₹1,36,000, for one lot of 1000 shares at the top of the price band. The amount was blocked in the applicant's bank account through ASBA or a UPI mandate while the issue was open, and released on the allotment date to applicants who were not allotted shares.
It opened on 30 September 2025 and closed on 6 October 2025.
The basis of allotment was published on 7 October 2025 by Kfin Technologies Ltd, and allotted shares were credited to demat accounts before listing.
The shares listed on 9 October 2025 on NSE SME.
The issue size was ₹21.9 crore. The fresh issue was 13,10,000 shares (aggregating up to ₹17.82 crore). The offer for sale was 3,00,000 shares (aggregating up to ₹4.08 crore).