IPO

GRE Renew Enertech Limited IPO

BSE SME

Listed On: Jan 21, 2026 at ₹ 96.0

₹ 252000 /2400 Shares
*Min Investment

Check Allotment

13 Jan, 2026

Open Date

16 Jan, 2026

Close Date

19 Jan, 2026

Allotment Date

21 Jan, 2026

Listing Date
Expected Premium
+ ₹4-5 (3.81%)

*Expected Premium provided in this app is derived from market rumors. It is not a guaranteed indicator of the actual listing price and should be interpreted with caution.

GRE Renew Enertech IPO Live Subscription Details
View Subscription Details
QIB 14.69x
Individual 14.10x
NIIs 25.02x
BHNI 28.53x
SHNI 18.02x
Individual 14.10x
Total 16.61x
Last updated: 16 Jan 2026, 05:54 PM
GRE Renew Enertech IPO Issue Details
  • Issue Price ₹100-105 per equity share
  • Face Value ₹10 Per Equity Share
  • Total Issue Size 37,68,000 shares(aggregating up to ₹39.56 crore)
  • Fresh Share 37,68,000 shares(aggregating up to ₹39.56 crore)
  • Listing at BSE SME
  • List Price 96.0
  • Listing Date 2026-01-21
  • Lead Manager Share India Capital Services Pvt.Ltd.
  • Registrar Maashitla Securities Pvt.Ltd.
Market Lot Size

Investors can bid for a minimum of 2400 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Individual Investors and HNI in terms of shares and amount.

Application Lots Shares Amount
Individual (min) 2 2400 ₹2,52,000
Individual(max) 2 2400 ₹2,52,000
SHNI(min) 3 3600 ₹3,78,000
SHNI(max) 7 8400 ₹8,82,000
BHNI(min) 8 9600 ₹10,08,000
GRE Renew Enertech IPO Reservation

GRE Renew Enertech IPO offers total 3768000 shares. Out of which 714000 (18.95%) allocated to QIB, 540000 (14.33%) allocated to NII,1260000 (33.44%) allocated to RII, NA (NA%) allocated to employees and 1062000 (28.18%) allocated to Anchor investors.

Investor Category Shares Offered Maximum Allottees
Anchor Investor Shares Offered 1062000 (28.18%)
Market Maker Shares Offered 192000 (5.1%)
QIB Shares Offered 714000 (18.95%)
NII (HNI) Shares Offered 540000 (14.33%)
bNII > ₹10L 360000 (9.39%)
sNII < ₹10L 180000 (4.85%)
Individual Shares Offered 1260000 (33.44%)
Total Shares Offered 3768000 (100%)
GRE Renew Enertech IPO Documents
DRHP
RHP
ANCHOR
GRE Renew Enertech IPO Details


GRE Renew Enertech Limited IPO is an SME IPO, priced at ₹100-105 per equity share. The equity shares have a face value of ₹10 Per Equity Share each and will be listed on the BSE SME platform. The IPO comprises a total issue of 37,68,000 equity shares, aggregating up to ₹39.56 crores..

The IPO bidding window is open from Jan 13, 2026 to Jan 16, 2026. The allotment is expected to be finalized on Jan 19, 2026, and the tentative listing date is Jan 21, 2026.

The minimum lot size for Individual investors is 2400 shares, with a minimum investment of ₹2,52,000.

Share India Capital Services Pvt.Ltd. is acting as the lead manager to the issue. The registrar of the IPO is Maashitla Securities Pvt.Ltd., and

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GRE Renew Enertech IPO Subscription Analysis And Details
Retail
14.10x
QIB
14.69x
NII
25.02x
bNII
28.53x
sNII
18.02x
Total
16.61x
As on QIB NII
bNII   sNII 		Individual Total
Shares Offered / Reserved 7,14,000 5,40,000
3,60,000    1,80,000 		12,60,000 25,14,000
Day 1 13-01-26 05:00 PM
7.04 x 0.48 x
0.49 x   0.46 x 		0.32 x 2.26 x
Day 2 14-01-26 05:00 PM
7.04 x 1.59 x
1.75 x   1.28 x 		0.81 x 2.75 x
Day 3 16-01-26 05:00 PM
14.69 x 25.02 x
28.53 x   18.02 x 		14.10 x 16.61 x
Total No of Applications
9,315
Subscription on the basis of Applications
Retail:14.1x BHNI:10.29x SHNI:17.6x
GRE Renew Enertech Valuations
EPS Pre IPO ₹6.68/-
EPS Post IPO ₹5.60/-
P/E Pre IPO 15.72
P/E Post IPO 18.75
ROE 26.89%
ROCE 29.60%
Debt/Equity 0.05
RoNW 26.89%
PAT Margin 8.39%
Price to Book Value 3.54
Market Cap. 150.02 Cr.
GRE Renew Enertech Company Financials
In Crs.
In Cr.
30-Sep-25 31-Mar-25 31-Mar-24 31-Mar-23
Assets 42.77 45.46 49.12 51.65
Revenue 43.98 84.37 92.15 53.11
Profit After Tax 4.00 7.03 9.91 0.89
Net Worth 35.22 31.23 21.03 11.14
Reserves & Surplus 24.70 20.71 19.78 9.89
Total Borrowing 1.45 1.59 4.57 4.75
About GRE Renew Enertech Company

GRE Renew Enertech Limited is involved in the business of solar energy solutions as well as LED lighting products.

They also engage in rooftop and ground mount solar panel installation, indoor, and outdoor LED lighting solutions.The company, a former LED lighting solutions production entity, is now a solar energy company.

Products & services:
EPC (Engineering, Procurement, and Construction)Solar turn-key solutions, right from design to delivery, including operations and maintenance services as needed.
Rooftop Systems (On-Grid):The grid-connected solar power system minimizes the use of electricity by generating power and exporting the surplus to the grid.
Sunroof Panels(Rooftop Solar Systems(Hybrid)):Integrating solar panels, batteries, and a connection to the power grid to have a seamless, green energy source
PV Module:High-efficiency solar modules that are reliable for multiple applications.

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GRE Renew Enertech - Promoter(s)

Mr. Kamleshkumar Dahyalal Patel

Mr. Kirtikumar Kantilal Suthar

Mr. Mukeshkumar Prahladbhai Trivedi

Pre Issue Share Holding : 95.06%

Post Issue Share Holding : 69.99%

GRE Renew Enertech IPO - Issue Objectives
1

Setting up of 7.20 MW (AC) / 9.99 MW (DC) Ground Mounted Solar Power Plant

2

General Corporate Purposes

Contact Details

GRE Renew Enertech

Plot No. 423, G.I.D.C.-II, Dediyasan Mehsana, Gujarat, 384002

+91 9974039300

cs@greindia.com

https://greindia.com/

Registrar Contact Details

Maashitla Securities Private Limited

+91-11-45121795-96

Investor.ipo@maashitla.com

https://maashitla.com/allotment-status/public-issues