Greenleaf Envirotech Limited IPO Review
Neutral136-136 · SME
✦
Analyst Verdict
Greenleaf Envirotech Limited IPO
Neutral
IPO at a Glance
Price Band
136-136
Issue Size
21cr
Min. Investment
₹1,36,000
Opens
2025-09-28
Closes
2025-10-04
Listing
2025-10-07
Category
SME
Key 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).
Key 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.
Frequently Asked Questions
Should I apply for Greenleaf Envirotech Limited IPO?
Based on our analysis, our rating for Greenleaf Envirotech Limited IPO is: Neutral. Review the full analysis including strengths, risks, and financials on CheckIPO before making a decision.
What are the key risks of Greenleaf Envirotech Limited IPO?
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.
What are the strengths of Greenleaf Envirotech Limited IPO?
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.
What is the price band of Greenleaf Envirotech Limited IPO?
The price band for Greenleaf Envirotech Limited IPO is 136-136. The IPO has closed.
Full Analysis Available
Financials, DRHP breakdown, peer comparison, shareholding pattern & more