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GRE Renew Enertech IPO
₹1,20,000/1,200 shares
Minimum Investment
IPO Details
13 Jan 26
16 Jan 26
₹1,20,000
1,200
₹100 to ₹105
BSE
₹40 Cr
21 Jan 26
GRE Renew Enertech IPO Timeline
Bidding Start
13 Jan 26
Bidding Ends
16 Jan 26
Allotment Finalisation
19 Jan 26
Refund Initiation
20 Jan 26
Demat Transfer
20 Jan 26
Listing
21 Jan 26
GRE Renew Enertech Limited
GRE Renew Enertech Limited operates in the renewable energy sector, focusing on solar power and LED lighting solutions. The company provides rooftop, ground-mounted and hybrid solar installations across residential, commercial and industrial segments. It follows both EPC and RESCO business models, enabling customers to either own solar assets or pay through long-term tariffs. The company also manufactures photovoltaic modules and offers operations and maintenance services. Its business aligns with India’s clean energy transition and sustainable infrastructure development.
GRE Renew Enertech Limited IPO Overview
GRE Renew Enertech Limited is launching a bookbuilding IPO worth ₹39.56 crore, entirely comprising a fresh issue of 37.68 lakh shares. The IPO opens on 13 January 2026 and closes on 16 January 2026, with allotment expected on 19 January 2026 and listing on BSE SME on 21 January 2026. The price band is fixed at ₹100 to ₹105 per share with a lot size of 1,200 shares. Share India Capital Services Pvt. Ltd. is the lead manager and Maashitla Securities Pvt. Ltd. is the registrar.
GRE Renew Enertech Limited IPO Details
| Particulars | Details |
| IPO Date | 13 January 2026 to 16 January 2026 |
| Listing Date | 21 January 2026 |
| Face Value | ₹10 per share |
| Issue Price Band | ₹100 to ₹105 per share |
| Lot Size | 1,200 Shares |
| Total Issue Size | 37,68,000 shares (₹40 Cr) |
| Fresh Issue | 37,68,000 shares (₹40 Cr) |
| Offer for Sale | NA |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE SME |
| Share Holding Pre Issue | 1,05,20,000 shares |
| Share Holding Post Issue | 1,42,88,000 shares |
| Market Maker Portion | 1,92,000 shares |
GRE Renew Enertech Limited IPO Reservation
| Investor Category | Shares Offered |
| QIB | Not more than 50% of the Net Issue |
| Retail | Not less than 35% of the Net Issue |
| NII (HNI) | Not less than 15% of the Net Issue |
GRE Renew Enertech Limited IPO Lot Size
| Application | Lots | Shares | Amount |
| Retail (Min) | 2 | 2,400 | ₹2,52,000 |
| Retail (Max) | 2 | 2,400 | ₹2,52,000 |
| HNI (Min) | 3 | 3,600 | ₹3,78,000 |
GRE Renew Enertech Limited IPO Promoter Holding
| Shareholding Status | Percentage |
| Pre-Issue | 95.06% |
| Post-Issue | 69.99% |
GRE Renew Enertech Limited IPO Valuation Overview
| KPI | Value |
| Earnings Per Share (EPS) | ₹6.69 |
| Price/Earnings (P/E) Ratio | 21.35x |
| Return on Net Worth (RoNW) | 26.89% |
| Net Asset Value (NAV) | ₹20.72 |
| Return on Equity | 26.89% |
| Return on Capital Employed (ROCE) | 29.60% |
| EBITDA Margin | 11.33% |
| PAT Margin | 8.39% |
| Debt to Equity Ratio | 0.05 |
Objectives of the Proceeds
- Setting up 7.20 MW / 9.99 MW ground-mounted solar plant – ₹32.61 crore
• Meeting general corporate requirements and operational expansion
Key Financials (₹ crore)
| Particulars | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
| Assets | 45.46 | 49.12 | 51.65 |
| Revenue | 84.37 | 92.15 | 53.11 |
| Profit After Tax | 7.03 | 9.91 | 0.89 |
| Reserves and Surplus | 20.71 | 19.78 | 9.89 |
| Total Borrowings | 1.59 | 4.57 | 4.75 |
SWOT Analysis of GRE Renew Enertech IPO
Strength and Opportunities
- Experienced management and strong technical expertise
- Established solar EPC and RESCO business models
- Favourable renewable energy policy environment
- Growing clean energy demand
Risks and Threats
- Declining revenue and profit trends
- Capital-intensive business operations
- High competition in renewable energy sector
- Policy changes affecting solar incentives
Explore IPO Opportunities
Explore our comprehensive IPO pages to stay updated on the latest trends and insights.
About GRE Renew Enertech Limited
GRE Renew Enertech IPO Strengths
- Promoters and management team possess extensive experience and technical expertise.
- Well-established presence in domestic renewable energy markets.
- Maintains long-term client relationships with repeat commercial and industrial customers.
- Strong supplier and contractor network supporting EPC and installation operations.
- Integrated service capability from design to commissioning and maintenance.
- Adheres to quality, safety and environmental compliance standards.
How to apply IPO with HDFC SKY?
Follow these simple steps to apply for an IPO through HDFC SKY. Secure your investments and explore new opportunities with ease by accessing the IPOs available on the platform.
1Login to your HDFC SKY Account
2Select Issue
3Enter Number of Lots and your Price.
4Enter UPI ID
5Complete Transaction on Your UPI App
FAQs On GRE Renew Enertech Limited IPO
How can I apply for GRE Renew Enertech Limited IPO?
You can apply via HDFC SKY using UPI-based ASBA during the IPO subscription period.
What is the minimum investment required for the IPO?
Retail investors need a minimum investment of ₹2,52,000 for 2,400 shares.
When will the GRE Renew Enertech IPO list?
The IPO is scheduled to list on BSE SME on 21 January 2026.
What is the price band for the IPO?
The IPO price band is fixed between ₹100 and ₹105 per share.
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