GRE Renew Enertech IPO Details
| IPO Open Date | January 13, 2026 |
| IPO Close Date | January 16, 2026 |
| Face Value | ₹10 Per Equity Share |
| IPO Price Band | ₹100 to ₹105 Per Share |
| Issue Size | Approx ₹40 Crores |
| Fresh Issue | Approx ₹40 Crores |
| Issue Type | Bookbuilding Issue |
| IPO Listing | BSE SME |
| DRHP Draft Prospectus |  |
| RHP Draft Prospectus | |
GRE Renew Enertech IPO Review & Key Points
- Review:
GRE Renew Enertech IPO Market Lot
The GRE Renew Enertech IPO minimum market lot is 2,400 shares with ₹2,52,000 application amount.
| Application | 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 |
IPO Reservation
| Investor Category | Share Offered | -% Shares |
| Anchor Investor | – Shares | -% |
| QIB (Ex. Anchor) | – Shares | 50% |
| NII Shares Offered | – Shares | 35% |
| Retail Shares Offered | – Shares | 15% |
GRE Renew Enertech IPO Anchor Investors
| Anchor Bidding Date | 2026 |
| Anchor Investors List | |
| Shares Offered | – Shares |
| Anchor Size | – Cr. |
| lock-in period end date 50% shares (30 Days) | 2026 |
| lock-in period end date 50% shares (90 Days) | 2026 |
GRE Renew Enertech IPO Dates
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 Open Date: | January 13, 2026 |
| IPO Close Date: | January 16, 2026 |
| Basis of Allotment: | January 19, 2026 |
| Refunds: | January 20, 2026 |
| Credit to Demat Account: | January 20, 2026 |
| IPO Listing Date: | January 21, 2026 |
| IPO Bidding Cut-off Time: | January 16, 2026 – 5 PM |
Promoters and Holding Pattern
The promoters of the company are Mr. Kamleshkumar Dahyalal Patel, Mr. Kirtikumar Kantilal Suthar, and Mr. Mukeshkumar Prahladbhai Trivedi.
| Particular | Shares | % Share |
| Promoter Holding Pre Issue | 1,05,20,000 | 95.06% |
| Promoter Holding Post Issue | 1,42,88,000 | 69.99% |
Objects of the Issue & Utilisation of proceeds
| Purpose | Crores |
| Setting up of 7.20 MW (AC) / 9.99 MW (DC) Ground Mounted Solar Power Plant | 32.61 |
| General corporate purposes | – |
About GRE Renew Enertech IPO
Since its incorporation in 2006, GRE Renew Enertech Limited has been engaged in offering rooftop and ground-mounted solar solutions to industrial and commercial customers. Its business is divided into 2 segments, which are Capital Expenditure (CAPEX) and Renewable Energy Service Company (RESCO). Under the CAPEX segment, the firm provides Engineering, Procurement, construction, and operation of solar projects. Under the RESCO model, the company signs an agreement with rooftop owners to install and operate solar systems on their rooftops.
The business is also involved as a manufacturer of Light Emitting Diode (“LED”) lighting solutions. But, as of the past few years, the company’s primary focus has been mostly on solar energy solutions. The GRE Renew Enertech’s main goal is to become the preferred choice of a top-quality solar solutions provider for industrial and commercial customers.
GRE Renew Enertech IPO Company Financial Report
Amount ₹ in Crores
| 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 – FY2025
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.
| KPI | Values |
| ROE: | 26.89% |
| ROCE: | 29.60% |
| EBITDA Margin: | 11.33% |
| PAT Margin: | 8.39% |
| Debt to equity ratio: | 0.05 |
| Earning Per Share (EPS): | ₹6.71 (Basic) |
| Price/Earning P/E Ratio: | N/A |
| Return on Net Worth (RoNW): | 26.89% |
| Net Asset Value (NAV): | ₹29.68 |
Peer Group Comparison
| Company | EPS | PE Ratio | RoNW % | NAV | 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. |
IPO Lead Managers aka Merchant Bankers
- Share India Capital Services Pvt.Ltd.
Company Address
GRE Renew Enertech Ltd.
Plot no. 423,
G.I.D.C.-II
Dediyasan
Mehsana, Gujarat, 384002
Phone: +91 9974039300
Email: [email protected]
Website: http://greindia.com/
IPO Registrar
Maashitla Securities Pvt.Ltd.
Phone: +91-11-45121795-96
Email: [email protected]
Website: https://maashitla.com/allotment-status/public-issues
GRE Renew Enertech IPO FAQs
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Note: The GRE Renew Enertech IPO price band and date are officially announced. The (GRE Renew Enertech IPO grey market premium) will be added to the IPO GMP page as it will start).
