GRE Renew Enertech IPO

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