Greenleaf Envirotech made a modest stock market debut on October 9, listing at ₹134.90 per share on the NSE Emerge platform. This marks a slight discount of about 1% compared to its IPO price of ₹136 per share.
Prior to listing, unlisted shares of the company had been trading flat at ₹136, indicating steady investor interest before the stock formally hit the market.
Market Performance: Greenleaf Envirotech Share Price
The initial trading day showed minor price movement, reflecting cautious participation from early investors. While the shares opened slightly below the IPO price, trading activity remained smooth.
Key highlights:
- IPO Price: ₹136 per share
- Listing Price: ₹134.90 per share
- Discount on Listing: ~1%
- Platform: NSE Emerge
The small discount indicates a stable transition from IPO to listing, with the market absorbing the shares without major volatility.
Greenleaf Envirotech IPO Details
Greenleaf Envirotech had launched its IPO to raise approximately ₹22 crore. The funds were raised through a combination of fresh issue and offer-for-sale shares:
- Fresh Issue: ₹17.82 crore
- Offer for Sale (OFS): ₹4.08 crore
The IPO was priced at ₹136 per share, with a lot size of 1,000 shares and multiples thereof. For retail investors, the minimum investment amounted to ₹2.72 lakh.
The subscription numbers reflected strong investor interest:
- Overall Subscription: Nearly 4 times (384%)
- Non-Institutional Investors (NIIs): Over 4 times
- Retail Investors: Over 3.5 times
This level of demand shows that Greenleaf Envirotech’s IPO generated significant market attention, particularly among NIIs and retail participants.
About Greenleaf Envirotech
Greenleaf Envirotech specializes in providing engineering, procurement, and construction (EPC) solutions for sewage and effluent treatment plants. The company also runs a certified environmental laboratory for audits and testing and provides fire safety services with maintenance contracts.
Its operations cover multiple facets of environmental and safety management, giving it a diverse business model in the environmental engineering sector.
Utilization of IPO Proceeds
The funds raised through the IPO are planned to be used across several key areas:
- Purchase of civil machines, equipment, and laboratory tools
- Repayment or prepayment of select loans
- Funding working capital requirements
- General corporate purposes
These allocations aim to strengthen the company’s operational capacity and support its growth initiatives.
Summary
Greenleaf Envirotech’s stock market debut on NSE Emerge saw the shares list at a slight discount of 1%, trading at ₹134.90 against the IPO price of ₹136. The IPO itself had raised ₹22 crore with strong investor interest, being subscribed nearly 4 times.
The company continues to focus on EPC services for sewage and effluent treatment, environmental lab audits, and fire safety services. Funds from the IPO will be used for equipment purchases, loan repayment, working capital, and general corporate needs.
With a steady start in the stock market, Greenleaf Envirotech’s listing provides a glimpse into investor sentiment and the market’s reception of environmental engineering companies.
