GRE Renew Enertech GMP IPO Date, Review, Price, Allotment Details IPO
GRE Renew Enertech IPO Summary
IPO Open Date: 13 Jan 2026
IPO Close Date: 16 Jan 2026
Price Band: ₹100 to ₹105 Per Share
Issue Size: Approx ₹40 Crores
Listing Exchange: BSE SME
Website: http://greindia.com/
GRE Renew Enertech IPO Overview
GRE 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.
GRE Renew Enertech IPO Details
| Company Name | GRE Renew Enertech Ltd |
| IPO Open Date | 13 Jan 2026 |
| IPO Close Date | 16 Jan 2026 |
| Face Value | ₹10 Per Equity Share |
| Price Band | ₹100 to ₹105 Per Share |
| Issue Size | Approx ₹40 Crores |
| Fresh Issue | Approx ₹40 Crores |
| Offer for Sale | - |
| Issue Type | Bookbuilding Issue |
| Listing On | BSE SME |
GRE Renew Enertech IPO Review & Key Points
NeutralGRE Renew Enertech IPO Market Lot
The GRE Renew Enertech IPO minimum market lot is 2,400 shares with ₹2,52,000 application amount.
| Category | Lot Size | Shares | Amount |
|---|---|---|---|
| Retail Minimum | 2 | 2,400 | ₹2,52,000 |
| Retail Maximum | 2 | 2,400 | ₹2,52,000 |
| S-HNI Minimum | 3 | 3,600 | ₹3,78,000 |
| S-HNI Maximum | 7 | 8,400 | ₹8,82,000 |
| B-HNI Minimum | 8 | 9,600 | ₹10,08,000 |
GRE Renew Enertech IPO Reservation
| Investor Category | Shares Offered | % of Issue |
|---|---|---|
| Anchor Investor | – Shares | -% |
| QIB (Ex. Anchor) | – Shares | 50% |
| NII / HNI | – Shares | 35% |
| Retail | – Shares | 15% |
Anchor Bidding Date: 12 Jan 2026
Anchor Issue Size: 11.15 Cr.
30 Days Lock-in: 18 Jan 2026
90 Days Lock-in: 19 Apr 2026
GRE Renew Enertech IPO Dates & Allotment
The GRE Renew Enertech IPO date is January 13 and the close date is January 16. The GRE Renew Enertech IPO allotment will be finalized on January 19 and the IPO listing on January 21.
| IPO Opening Date | 13 Jan 2026 |
| IPO Closing Date | 16 Jan 2026 |
| Bidding Cutoff Time | 5 PM |
| Basis of Allotment | 19 Jan 2026 |
| Refunds Initiation | 20 Jan 2026 |
| Credit to Demat | 20 Jan 2026 |
| IPO Listing Date | 21 Jan 2026 |
GRE Renew Enertech IPO Objects of the Issue & Utilization of Proceeds
| Description | Amount |
|---|---|
| Setting up of 7.20 MW (AC) / 9.99 MW (DC) Ground Mounted Solar Power Plant | 32.61 |
| General corporate purposes | – |
GRE Renew Enertech Ltd Financials
| Period Ended | Revenue | Expense | PAT | Assets |
|---|---|---|---|---|
| 2023 | ₹53.11 | ₹74.91 | ₹0.89 | ₹51.65 |
| 2024 | ₹92.15 | ₹79.52 | ₹9.91 | ₹49.12 |
| 2025 | ₹84.37 | ₹51.59 | ₹7.03 | ₹45.46 |
GRE Renew Enertech IPO Valuation
Check GRE Renew Enertech IPO valuations detail like Earning Per Share (EPS), Price/Earning P/E Ratio, Return on Net Worth (RoNW), and Net Asset Value (NAV) details.
| Parameter | Value |
|---|---|
| Earnings Per Share (EPS) | ₹6.71 (Basic) |
| P/E Ratio | N/A |
| Return on Equity (ROE) | 26.89% |
| Return on Capital Employed (ROCE) | 29.60% |
| Return on Net Worth (RoNW) | 26.89% |
| Net Asset Value (NAV) | ₹29.68 |
| EBITDA Margin | 11.33% |
| PAT Margin | 8.39% |
| Debt to Equity Ratio | 0.05 |
GRE Renew Enertech IPO Peer Group Comparison
| Company | EPS | P/E | RoNW % | NAV | Total Income |
|---|---|---|---|---|---|
| Oriana Power Limited | 81.92 | 15.99 | 48.62% | 256.26 | 1018.67 Cr. |
| Zodiac Energy Limited | 13.38 | 29.27 | 27.71% | 64 | 407.78 Cr. |
GRE Renew Enertech IPO Promoters & Holding Pattern
The promoters of the company are Mr. Kamleshkumar Dahyalal Patel, Mr. Kirtikumar Kantilal Suthar, and Mr. Mukeshkumar Prahladbhai Trivedi.
| Particulars | Shares | % Share |
|---|---|---|
| Promoter Holding Pre Issue | 1,05,20,000 | 95.06% |
| Promoter Holding Post Issue | 1,42,88,000 | 69.99% |
GRE Renew Enertech IPO Lead Managers (Merchant Bankers)
- Share India Capital Services Pvt.Ltd.
About GRE Renew Enertech Ltd
GRE Renew Enertech Limited is a Gujarat-based renewable energy company specializing in solar power solutions and energy-efficient LED lighting. Originally established as a partnership firm in 1999 (GRE Electronics), the company has evolved into a prominent solar Engineering, Procurement, and Construction (EPC) player in India.
GRE Renew Enertech Ltd Address
Mehsana, Gujarat, 384002Phone: +91 9974039300
Email: [email protected]
GRE Renew Enertech IPO Registrar
Maashitla Securities Pvt.Ltd.
Phone: +91-11-45121795-96
Email: [email protected]
Website: https://maashitla.com/allotment-status/public-issues