GRE Renew Enertech IPO
GRE Renew Enertech IPO
Overview
RE Renew Enertech IPO is a book build issue of ₹39.56 crores. The issue is entirely a fresh issue of 0.38 crore shares of ₹39.56 crore. GRE Renew Enertech IPO opens for subscription on Jan 13, 2026 and closes on Jan 16, 2026. The allotment for the GRE Renew Enertech IPO is expected to be finalized on Jan 19, 2026. GRE Renew Enertech IPO will list on BSE SME with a tentative listing date fixed as Jan 21, 2026. GRE Renew Enertech IPO price band is set at ₹100 to ₹105 per share. The lot size for an application is 1,200. The minimum amount of investment required by an individual investor (retail) is ₹2,52,000 (2,400 shares) (based on upper price). The minimum lot size for investment in HNI is 3 lots (3,600 shares), amounting to ₹3,78,000. Share India Capital Services Pvt.Ltd. is the book running lead manager and Maashitla Securities Pvt.Ltd. is the registrar of the issue. The Market Maker of the company is Share India Securities Ltd..
Total Shares
37,68,000
Issue Size
₹40 Cr
Price Band
₹100 – ₹105
Lot Size
1200 shares
Min. Investment
₹2,52,000
Max. Investment
₹2,52,000
Open Date
13 Jan, 2026
Close Date
16 Jan, 2026
Allotment
19 Jan, 2026
Listing
21 Jan, 2026
Max. Investment
₹2,52,000
Announced
13 Jan, 2026
Opening Date
13 Jan, 2026
Closing Date
16 Jan, 2026
Basis of Allotment
19 Jan, 2026
Initiation of Refunds
20 Jan, 2026
Credit of Shares
20 Jan, 2026
Listing Date
21 Jan, 2026
Live GMP
Est. Listing: ₹112
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About GRE Renew Enertech IPO
GRE Renew Enertech Limited is engaged in the business of solar energy solutions and LED lighting products.
They offer rooftop and ground-mounted solar installations, as well as indoor and outdoor LED lighting solutions.
The company, originally a manufacturer of LED lighting solutions, now primarily focuses on solar energy.
Business Model:
- CAPEX Model (EPC) (Engineering, Procurement and Construction): The company follows the CAPEX model, where consumers own an
GRE Renew Enertech IPO Share Price
Issue Breakdown
Shareholding
Dilution: 35.8% increase in shares
GRE Renew Enertech IPO Financial Health
GRE Renew Enertech Ltd.'s revenue decreased by 8% and profit after tax (PAT) dropped by 29% between the financial year ending with March 31, 2025 and March 31, 2024.
GRE Renew Enertech IPO Lot Size
Investors can bid for a minimum of 2,400 shares and in multiples of 1,200 shares thereof.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Individual investors (Retail) (Min) | 2 | 2400 | ₹2,52,000 |
| Individual investors (Retail) (Max) | 2 | 2400 | ₹2,52,000 |
| S-HNI (Min) | 3 | 3600 | ₹3,78,000 |
| S-HNI (Max) | 7 | 8400 | ₹8,82,000 |
| B-HNI (Min) | 8 | 9600 | ₹10,08,000 |
(All values in CR)
GRE Renew Enertech IPO Valuations
KPI as of Mon, Mar 31, 2025.
| Metric | Value |
|---|---|
| ROE | 26.89 |
| ROCE | 29.60 |
| Debt/Equity | 0.05 |
| RoNW | 26.89 |
| PAT Margin | 8.39 |
| EBITDA Margin | 11.33 |
| Price to Book Value | 3.54 |
(All values in CR)
GRE Renew Enertech IPO Strength & Risk
GRE Renew Enertech IPO – Strengths
Established presence in the renewable and solar energy solutions space
Offers diversified business models including EPC and long-term operating models
Exposure to rooftop and ground-mounted solar projects across industries
Alignment with government focus on clean and renewable energy adoption
Emphasis on quality standards and certified operational processes
Experienced management team with execution capabilities
Visible project pipeline supporting near-term business visibility
GRE Renew Enertech IPO – Risks
SME platform listing may result in lower trading liquidity after listing
Revenue and profitability may show variability due to project-based nature
Business dependent on timely execution of solar projects
Exposure to policy, tariff, and regulatory changes in the renewable sector
Intense competition in the solar and renewable energy market
Working capital pressure due to delayed customer payments
Sensitivity to supply chain disruptions and input cost volatility
GRE Renew Enertech IPO Subscriptions Status
GRE Renew Enertech IPO subscribed 2.54 times. The public issue subscribed 0.67 times in the individual investors category, 7.04 times in QIB (Ex Anchor), and 0.92 times in the NII category by January 14, 2026 2:09:54 PM (Day 2).
| Investor Category | Subscription (times) | Shares Offered | Shares bid for | Total Amount (Rs Cr.) |
|---|---|---|---|---|
| Anchor | 1.00 | 10,62,000 | 10,62,000 | 11.15 |
| Market Maker | 1.00 | 1,92,000 | 1,92,000 | 2.02 |
| QIB (Ex Anchor) | 7.04 | 7,14,000 | 50,28,000 | 52.79 |
| NII | 0.92 | 5,40,000 | 4,96,800 | 5.22 |
| bNII (> ₹10L) | 1.84 | 1,80,000 | 3,31,200 | 3.48 |
| sNII (< ₹10L) | 0.92 | 1,80,000 | 18,000 | 1.74 |
| Individual Investors | 0.67 | 12,60,000 | 8,49,599 | 8.92 |
| Total | 2.54 | 25,14,000 | 63,74,400 | 66.93 |
GRE Renew Enertech IPO GMP
GRE Renew Enertech SME IPO last GMP is ₹7, last updated Jan 15th 2026 05:00 PM. With the price band of 105.00, GRE Renew Enertech SME IPO's estimated listing price is ₹112 (cap price + today's GMP).The expected percentage gain/loss per share is 6.67%. >> GRE Renew Enertech SME IPO Retail Subject to Sauda: ₹6400 The lowest GMP is ₹6.00, while the highest GMP is ₹9.00.
Last updated 15 Jan, 2026 · Source: aggregated grey-market dealers
| Date | IPO Price | GMP | Sub2 Sauda | Est. Listing | Est. Profit | Updated |
|---|---|---|---|---|---|---|
| 15 Jan, 2026 | 105 | ₹7 | 6400 | ₹112 (6.67%) | 8400 | 15 Jan, 2026 |
| 14 Jan, 2026 | 105 | ₹7 | 6400 | ₹112 (6.67%) | 8400 | 14 Jan, 2026 |
| 13 Jan, 2026 | 105 | ₹7▲ | 6400 | ₹112 (6.67%) | 8400 | 13 Jan, 2026 |
| 12 Jan, 2026 | 105 | ₹6▼ | 5500 | ₹111 (5.71%) | 7200 | 12 Jan, 2026 |
| 11 Jan, 2026 | 105 | ₹9 | 8200 | ₹114 (8.57%) | 10800 | 11 Jan, 2026 |
| 10 Jan, 2026 | 105 | ₹9 | 8200 | ₹114 (8.57%) | 10800 | 10 Jan, 2026 |
| 09 Jan, 2026 | 0 | ₹9 | 8200 | ₹114 (8.57%) | 10800 | 09 Jan, 2026 |
| 08 Jan, 2026 | 105 | ₹9 | 8200 | ₹114 (8.57%) | 10800 | 08 Jan, 2026 |
| 07 Jan, 2026 | 105 | ₹9 | 8200 | ₹114 (8.57%) | 10800 | 07 Jan, 2026 |
| 06 Jan, 2026 | 105 | ₹9 | 8200 | ₹114 (8.57%) | 10800 | 06 Jan, 2026 |
| 05 Jan, 2026 | 105 | ₹9 | 8200 | ₹114 (8.57%) | 10800 | 05 Jan, 2026 |
Disclaimer: GMP is an unofficial signal from grey-market dealers and is not regulated by SEBI. Use it alongside subscription data and other research for informed decision-making.
How to Apply for GRE Renew Enertech IPO
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Find GRE Renew Enertech IPO under the IPO section. Select it and enter your bid details — choose lot size and price (cut-off price recommended).
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Your funds will be blocked in your account until the IPO allotment process is completed.