Greenleaf Envirotech Limited IPO
Greenleaf Envirotech is a leading provider of engineering, procurement, construction (EPC), and turnkey solutions for wastewater treatment projects. The company specializes in Sewage Treatment Plants (STPs) and Effluent Treatment Plants (ETPs) catering to both private and public sectors. With a wide range of services, the company covers the entire lifecycle of wastewater treatment projects, from design engineering to project management, installation, testing, and commissioning.
Company Growth
It was incorporated on March 10, 2010, initially focusing on environmental laboratory services. Over time, the company has diversified into EPC and turnkey solutions for wastewater treatment. The company’s significant milestone project includes the construction of a 32 MLD Sewage Treatment Plant in Latur, Maharashtra, completed in FY 2024-25.
In the past three financial years, Greenleaf Envirotech has successfully executed 31 wastewater treatment projects valued at approximately Rs. 6,616.18 Lakhs, serving both private and public sector clients.
Key Services and Offerings
1. Wastewater Treatment Solutions (WWT)
The company provides end-to-end solutions for the design, procurement, supply, installation, and commissioning of wastewater treatment plants.They also offer operations and maintenance (O&M) services and annual maintenance contracts (AMC) for wastewater treatment plants on a standalone basis. They has expanded its capabilities from smaller plants of 1 KLD and 1 MLD capacity to large-scale plants like the 32 MLD Sewage Treatment Plant in Latur, Maharashtra.
2. Environmental Laboratory and Consulting Services
The company operates an environmental laboratory located in Surat, Gujarat, recognized under the Environment (Protection) Act, 1986. It provides comprehensive environmental testing services for industrial and infrastructural facilities, analyzing environmental parameters such as air, water, soil, and noise. Additionally, it is a recognized Schedule II Environmental Auditor by the Gujarat Pollution Control Board (GPCB) for conducting environmental audits.
3. Fire and Safety Services
Greenleaf Envirotech also offers fire safety services, including the supply and refilling of fire extinguishers and annual maintenance contracts for fire safety solutions in industries and commercial complexes.
Current and Upcoming Projects
As of May 31, 2025, the company is executing 17 ongoing wastewater treatment projects (13 on a Turnkey/EPC basis and 4 on an O&M basis) and has 2 upcoming projects, collectively valued at approximately Rs. 5,411.03 Lakhs. These projects are spread across states such as Gujarat, Maharashtra, Madhya Pradesh, Rajasthan, Karnataka, Assam, and Himachal Pradesh.
As of March 31, 2025, the company employed 123 people across various departments, supporting its diverse range of services and ensuring efficient project execution.
Objects of the Greenleaf Envirotech Limited IPO:
Greenleaf Envirotech Limited IPO Details:
Open Date: | Sep 30 2025 |
Close Date: | Oct 06 2025 |
Total Shares: | 16,10,000 |
Face Value: | ₹ 10 Per Equity Share |
Issue Type: | Fixed Price |
Issue Size: | 21.90 Cr. |
Lot Size: | 1000 Shares |
Issue Price: | ₹ 136 Per Equity Share |
Listing At: | NSE Emerge |
Listing Date: | Oct 08 2025 |
Promoters And Management:
Financials of Greenleaf Envirotech Limited IPO:
Particulars | FY2024-2025 | FY 2023-2024 | FY 2022-2023 |
Revenue from Operations (Cr) | 38.85 | 32.50 | 26.41 |
EBITDA (Cr) | 6.62 | 3.65 | 2.09 |
EBITDA Margins | 17.05% | 11.26% | 7.92% |
PAT (Cr) | 4.69 | 2.27 | 0.96 |
PAT Margins | 12.09% | 7.01% | 3.66% |
ROE | 46.88% | 44.09% | 43.70% |
Debt to Equity Ratio(In Times) | 0.2 | 0.66 | 2.34 |
Operating Cash Flows (Cr) | 5.74 | -0.83 | 2.38 |
Comparison With Peers:
Companies | Revenue (in cr) | EBITDA Margins | PAT Margins | ROE | D/E Ratio | MCap (in cr) | P/E |
Greenleaf Envirotech Limited | 38.85 | 17.05% | 12.09% | 46.88% | 0.2 | 80.63 | 17.19 |
Felix Industries Limited | 36.58 | 22.61% | 24.90% | 11.70% | 0.2 | 267 | 29.4 |
Apex Ecotech Limited | 70.96 | 16% | 12.06% | 28.10% | 0 | 182 | 21.2 |
Effwa Infra & Research Limited | 185 | 16% | 10.81% | 30.40% | 0.31 | 525 | 26.1 |
Lead Manager of Greenleaf Envirotech Limited IPO:
Registrar of Greenleaf Envirotech Limited IPO:
Discussion on Greenleaf Envirotech Limited IPO:
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