GRE Renew Enertech – IPO
GRE Renew Enertech – IPO Details
| IPO Date | January 13, 2026 to January 16, 2026 |
| Listing Date | January 21, 2026 |
| Face Value | ₹ 10 / Share |
| Price Band | ₹ 100 to ₹ 105 / Share |
| Lot Size | 1200 Shares |
| Total Issue Size | 37,68,000 shares (Aggregating up to ₹40 Cr) |
| Fresh Issue | |
| Offer for Sale | |
| Employee Discount | |
| 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 |
GRE Renew Enertech Timeline (Tentative Schedule)
GRE Renew Enertech IPO opens on January 13, 2026, and closes on January 16, 2026.
| IPO Open Date | January 13, 2026 |
| IPO Close Date | January 16, 2026 |
| Basis of Allotment | January 19, 2026 |
| Initiation of Refunds | January 20, 2026 |
| Credit of Shares to Demat | January 20, 2026 |
| Listing Date | January 21, 2026 |
| Cut-off time for UPI mandate confirmation | January 16, 2026 |
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 |
|---|---|---|---|
| Retail (Min) | 2 | 2,400 | Rs.252,000 |
| Retail (Max) | 2 | 2,400 | Rs.252,000 |
| S-HNI (Min) | 3 | 3,600 | Rs.378,000 |
| S-HNI (Max) | 7 | 8,400 | Rs.882,000 |
| B-HNI (Min) | 8 | 9,600 | Rs.1,008,000 |
| HNI (Min) |
GRE Renew Enertech IPO Promoter Holding
| Share Holding Pre Issue | 95.06% |
| Share Holding Post Issue | 69.99% |
GRE Renew Enertech IPO Reservation
GRE Renew Enertech IPO offers a total of 37,68,000 shares. Out of which 17,76,000 (47.13%) allocated to QIB, 7,14,000 (18.95%) allocated to QIB (Ex- Anchor), 5,40,000 (14.33%) allocated to NII, 12,60,000 (33.44%) allocated to RII, and 10,62,000 (28.18%) allocated to Anchor investors.
| Investor Category | Shares Offered | Maximum Allottees |
|---|---|---|
| Anchor Investor Shares Offered | 10,62,000 (28.18%) |
|
| Market Maker Shares Offered | 1,92,000 (5.10%) |
|
| Other Shares Offered | |
|
| QIB Shares Offered | 17,76,000 (47.13%) |
|
| NII (HNI) Shares Offered | 5,40,000 (14.33%) |
|
| bNII > ₹10L | |
|
| sNII < ₹10L | |
|
| Retail Shares Offered | 12,60,000 (33.44%) |
|
| Employee Shares Offered | |
|
| Total Shares Offered | 37,68,000 (100.00%) |
GRE Renew Enertech IPO Anchor Investors Details
| Bid Date | |
| Shares Offered | 10,62,000 |
| Anchor Portion Size (In Cr.) | |
| Anchor lock-in period end date for 50% shares (30 Days) | |
| Anchor lock-in period end date for remaining shares (90 Days) |
About GRE Renew Enertech
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 and fund solar systems, while EPC services manage engineering, procurement, construction, and commissioning, ensuring complete PV plant delivery and grid connection.
- RESCO Model (Opex): The company uses the RESCO model, where it funds and owns rooftop solar systems, earning annuity income while consumers pay monthly tariffs, though securing low-cost capital remains a key challenge.
Products and services:
- EPC (Engineering, Procurement, and Construction):Turnkey solar solutions from design to commissioning, including operation and maintenance as required.
- Rooftop Systems (On-Grid):Grid-tied solar systems reduce electricity bills by supplying power and feeding excess to the grid.
- Solar Rooftop Systems (Hybrid):Combines solar panels, batteries, and grid access to ensure a continuous, eco-friendly power supply anytime.
- PV Module:High-efficiency, reliable solar modules suitable for various applications with strong performance in all conditions.
Competitive Strengths:
- Experience Management Team
- Training and Skill development programs to strengthen Operation & Maintenance Team
- Existing number, visible order book, and favourable national policy support
- 24/7 Premium Support System
- ESG (Environment, Social and Governance)
Key Performance Indicator
| KPI | Values |
|---|---|
| ROE | 12.04% |
| ROCE | 15.30% |
| Debt/Equity | 0.04 |
| RoNW | 12.04% |
| P/BV | 3.54 |
| PAT Margin (%) | 9.13 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (Rs) | 6.68 | 5.60 |
| P/E (x) | 15.72 | 18.75 |
Note:
- The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
- The Pre IPO EPS is calculated based on Pre issue shareholding as on the date of RHP and the latest FY earnings as of March 31, 2025, available in RHP.
- The Post Issue EPS is calculated based on the Post issue shareholding and annualized FY earnings of September 30, 202,5 available in RHP.
Objects of the Issue (GRE Renew Enertech IPO Objectives)
GRE Renew Enertech Contact Details
GRE Renew Enertech Ltd Plot no. 423, G.I.D.C.-II Dediyasan Mehsana, Gujarat, 384002
|
GRE Renew Enertech IPO Registrar
Maashitla Securities Pvt.Ltd.
|
Frequently Asked Questions
What is GRE Renew Enertech IPO?
The GRE Renew Enertech IPO is classified as an SME IPO. The issue price is set between ₹100 and ₹105 per equity share. A minimum of 1200 shares is required per order. The IPO will be open from January 13, 2026, to January 16, 2026. The shares are proposed to be listed on BSE SME.
When does the GRE Renew Enertech IPO open and close?
The GRE Renew Enertech IPO will be opened on January 13, 2026, and closed on January 16, 2026.
What is the issue size of the GRE Renew Enertech IPO?
The size of the GRE Renew Enertech IPO is ₹40 Crin total. A fresh issue of shares, aggregating up to , is included.
What is the price band of the GRE Renew Enertech Limited IPO?
The price band for the IPO has been set between ₹100 - ₹105 per equity share.
What is the allotment date of the GRE Renew Enertech IPO?
The share allotment date for the GRE Renew Enertech IPO is set for January 19, 2026.
What is the GRE Renew Enertech listing date?
The GRE Renew Enertech IPO is scheduled to be listed on January 21, 2026.