What is the GMP of GRE Renew Enertech IPO today?

The Grey Market Premium (GMP) for GRE Renew Enertech IPO is currently ₹1. With an upper price band of ₹105, the estimated listing price is ₹106 per share, reflecting an expected listing gain of ~0.95%. Grey market premiums can fluctuate based on market sentiment and subscription demand.

What is the price band and lot size for GRE Renew Enertech IPO?

The price band for GRE Renew Enertech IPO is ₹100 to ₹105 per equity share. The minimum lot size is 1200 shares, which requires a minimum retail application investment of ₹1,26,000.

What are the important dates for GRE Renew Enertech IPO?

GRE Renew Enertech IPO opens for subscription on 2026-01-13T00:00:00 and closes on 2026-01-16T00:00:00. The basis of allotment is scheduled for 2026-01-19T00:00:00, and shares are expected to list on 2026-01-21T00:00:00 on BSE, NSE.

How can I check the allotment status for GRE Renew Enertech IPO?

You can check GRE Renew Enertech IPO allotment status on the registrar's official portal (Maheshwari Datamatics Pvt. Ltd) or through the official BSE and NSE IPO allotment status pages using your PAN number or Application number.

How to apply for GRE Renew Enertech IPO?

Investors can apply for GRE Renew Enertech IPO online through ASBA (Application Supported by Blocked Amount) via their internet banking account, or via UPI using authorized stockbroking platforms like Zerodha, Groww, Angel One, and Upstox.

When does the GRE Renew Enertech IPO open and close?

The IPO opens on 13 Jan 2026, and closes on 16 Jan 2026.

What is GRE Renew Enertech IPO price band?

The issue price band is ₹100.00 to ₹105.00 per equity share.

What is the GRE Renew Enertech IPO lot size?

The minimum lot size is 1200 shares per application.

What is the GRE Renew Enertech IPO allotment date?

The allotment is scheduled on 19 Jan 2026.

GRE Renew Enertech IPO Details - Dates, Price Band, Issue Size

All IPOs

Issue Size

40.00 Cr

Price Band

₹100.00 - ₹105.00

Lot Size

1200 Shares

Min Investment

₹2,52,000

GMP

₹1

Subscription

16.53x

₹436.45 Cr

13 Jan 2026

IPO Opens

COMPLETED

16 Jan 2026

IPO Closes

COMPLETED

19 Jan 2026

Basis of Allotment

COMPLETED

20 Jan 2026

Refunds

COMPLETED

20 Jan 2026

Demat Credit

COMPLETED

21 Jan 2026

Listing

COMPLETED

IPO Timeline

IPO OpensDONE

13 Jan 2026

IPO ClosesDONE

16 Jan 2026

Basis of AllotmentDONE

19 Jan 2026

RefundsDONE

20 Jan 2026

Demat CreditDONE

20 Jan 2026

ListingDONE

21 Jan 2026

About GRE Renew Enertech IPO

GRE Renew Enertech IPO open date is January 13, 2026 and the IPO will close on January 16, 2026. GRE Renew Enertech IPO is a Bookbuilding Issue. The company to raise around ₹40 crores via IPO that comprises fresh issue of ₹40 crores and offer for sale up to [.] equity shares with face value of ₹10 each.

GRE Renew Enertech IPO price band is ₹100 to ₹105 per share. The retail quota is 35%, QIB is 50%, and HNI is 15%. GRE Renew Enertech IPO to list on BSE SME on January 21, 2026. The allotment of GRE Renew Enertech IPO date is January 19, 2026.

The company reported revenue of ₹84.37 crores in 2025 against ₹92.15 crores in 2024. The company reported profit of ₹7.03 crores in 2025 against profit of ₹9.91 crores in 2024. As per the financials the IPO investors should apply the IPO for a long term.

IPO Details

GRE Renew Enertech IPO Details and Specifications
IPO Date	13 Jan 2026 to 16 Jan 2026
Face Value	₹10 Per Share
Price Band	₹100.00 - ₹105.00
Lot Size	1200 Shares
Total Issue Size	Approx 40.00 Cr 37,68,000 Equity Shares
Fresh Issue	Approx 40.00 Cr 37,68,000 Equity Shares
Offer for Sale	Approx 0.00 Cr 0 Equity Shares
Retail Portion	35.23%
Sale Type	Fresh Issue
Issue Type	Book-Building IPO
Listing Date	21 Jan 2026
Listing At	BSE
Total Subscription Amount	₹436.45 Cr

Issue Reservation

Investor Category	Shares Offered	% Net Issue
QIB	17,76,000	49.66%
- Anchor	10,62,000	0.00%
- QIB (Ex. Anchor)	7,14,000	0.00%
NII	5,40,000	15.10%
- bNII > ₹10L	3,60,000	0.00%
- sNII < ₹10L	1,80,000	0.00%
Retail	12,60,000	35.23%
Total	35,76,000	99.99%

IPO Lot Size

Application	Lots	Shares	Amount
Individual investors (Retail) (Min)	2	2,400	₹2,52,000
Individual investors (Retail) (Max)	2	2,400	₹2,52,000
S-HNI (Min)	3	3,600	₹3,78,000
S-HNI (Max)	7	8,400	₹8,82,000
B-HNI (Min)	8	9,600	₹10,08,000

About Company

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.

Contact Details

GRE Renew Enertech Ltd.

Plot no. 423,

G.I.D.C.-II

Dediyasan

Mehsana, Gujarat, 384002

+91 9974039300

cs@greindia.com

Visit Website

Registrar

Maheshwari Datamatics Pvt. Ltd

91-11-45121795

ipo@maashitla.com

Lead Managers

Share India Capital Services Pvt Ltd

Day-wise GMP Trend

Date & Time	GMP (₹)	Est. Listing Price	Est. Gain (%)	Est. Profit / Lot (₹)
21-Jan-2026 12:00 PM	+₹1	₹106	+0.95%	₹1,200
20-Jan-2026 12:00 PM	+₹6	₹111	+5.71%	₹7,200
19-Jan-2026 12:00 PM	+₹6	₹111	+5.71%	₹7,200
17-Jan-2026 12:00 PM	+₹7	₹112	+6.67%	₹8,400
16-Jan-2026 12:00 PM	+₹7	₹112	+6.67%	₹8,400
13-Jan-2026 12:00 PM	+₹7	₹112	+6.67%	₹8,400
12-Jan-2026 12:00 PM	+₹9	₹114	+8.57%	₹10,800
10-Jan-2026 12:00 PM	+₹9	₹114	+8.57%	₹10,800
09-Jan-2026 12:00 PM	+₹9	₹114	+8.57%	₹10,800
08-Jan-2026 12:00 PM	+₹9	₹114	+8.57%	₹10,800
07-Jan-2026 12:00 PM	+₹9	₹114	+8.57%	₹10,800
06-Jan-2026 12:00 PM	+₹9	₹114	+8.57%	₹10,800

Subscription Status

Category	Subscription (x)	Shares Offered	Shares bid for	Total Amount (₹ Cr)
QIB (Ex. Anchor)	14.69x	7,14,000	1,04,85,600	₹110.10 Cr
NII	24.67x	5,40,000	1,33,21,200	₹139.87 Cr
bNII > ₹10L	27.99x	3,60,000	1,00,77,600	₹105.81 Cr
sNII < ₹10L	18.02x	1,80,000	32,43,600	₹34.06 Cr
Retail	14.10x	12,60,000	1,77,59,999	₹186.48 Cr
Total	16.53x	25,14,000	4,15,66,799	₹436.45 Cr

Objects of the Issue

01 Setting up of 7.20 MW (AC) / 9.99 MW (DC) Ground Mounted Solar Power Plant : 31.58 Cr
02 General corporate purposes : 3.65 Cr
03 Issue Expenses : 4.34 Cr

Company Financials

Period Ended	30 SEPT 2025	31 MAR 2025	31 MAR 2024
Total Income	43.98	84.37	92.15
Profit After Tax	4.00	7.03	9.91
EBITDA	5.72	9.48	11.48
NET Worth	35.22	31.23	21.03
Reserves and Surplus	24.70	20.71	19.78
Total Borrowing	1.45	1.59	4.57

Amount in ₹ Crore

IPO Valuation - KPI

KPI	31 Mar 2025
ROCE	29.60%
Debt/Equity Ratio	0.05
Return on Net Worth (RoNW)	26.89%
PAT Margin	8.39%
EBITDA Margin	11.33%
Net Asset Value (NAV)	₹29.68
Earning Per Share (EPS)	₹6.71
Price/Earning P/E Ratio	-

Peer Comparison

Company Name	EPS (₹)	P/E (x)	NAV (₹)	RoNW (%)	Income (₹ Cr)
Zodiac Energy Limited	13.38	29.27	64.00	27.71	407.78
Oriana Power Limited	81.92	15.99	256.26	48.62	1,018.67

IPO Anchor Investors

Anchor Investors Letter (PDF)

Promoters and Holding Pattern

Mr. Kamleshkumar Dahyalal Patel, Mr. Kirtikumar Kantilal Suthar, Mr. Mukeshkumar Prahladbhai Trivedi are the company's promoters of GRE Renew Enertech.

Particular	Pre IPO	Post IPO
Promoter and Promoter Group	95.06%	69.99%
Others*	4.94%	30.01%

Frequently Asked Questions (FAQ)

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About GRE Renew Enertech IPO

IPO Details

GRE Renew Enertech IPO Details and Specifications
IPO Date	13 Jan 2026 to 16 Jan 2026
Face Value	₹10 Per Share
Price Band	₹100.00 - ₹105.00
Lot Size	1200 Shares
Total Issue Size	Approx 40.00 Cr 37,68,000 Equity Shares
Fresh Issue	Approx 40.00 Cr 37,68,000 Equity Shares
Offer for Sale	Approx 0.00 Cr 0 Equity Shares
Retail Portion	35.23%
Sale Type	Fresh Issue
Issue Type	Book-Building IPO
Listing Date	21 Jan 2026
Listing At	BSE
Total Subscription Amount	₹436.45 Cr

Investor Category

Shares Offered

% Net Issue

QIB

17,76,000

49.66%

- Anchor

10,62,000

0.00%

- QIB (Ex. Anchor)

7,14,000

0.00%

NII

5,40,000

15.10%

- bNII > ₹10L

3,60,000

0.00%

- sNII < ₹10L

1,80,000

0.00%

Retail

12,60,000

35.23%

Total

35,76,000

99.99%

Application

Lots

Amount

Individual investors (Retail) (Min)

2,400

₹2,52,000

Individual investors (Retail) (Max)

2,400

₹2,52,000

S-HNI (Min)

3,600

₹3,78,000

S-HNI (Max)

8,400

₹8,82,000

B-HNI (Min)

9,600

₹10,08,000

About Company

Contact Details

GRE Renew Enertech Ltd.

Plot no. 423,

G.I.D.C.-II

Dediyasan

Mehsana, Gujarat, 384002

+91 9974039300

cs@greindia.com

Visit Website

Date & Time

GMP (₹)

Est. Listing Price

Est. Gain (%)

Est. Profit / Lot (₹)

21-Jan-2026 12:00 PM

+₹1

₹106

+0.95%

₹1,200

20-Jan-2026 12:00 PM

+₹6

₹111

+5.71%

₹7,200

19-Jan-2026 12:00 PM

+₹6

₹111

+5.71%

₹7,200

17-Jan-2026 12:00 PM

+₹7

₹112

+6.67%

₹8,400

16-Jan-2026 12:00 PM

+₹7

₹112

+6.67%

₹8,400

13-Jan-2026 12:00 PM

+₹7

₹112

+6.67%

₹8,400

12-Jan-2026 12:00 PM

+₹9

₹114

+8.57%

₹10,800

10-Jan-2026 12:00 PM

+₹9

₹114

+8.57%

₹10,800

09-Jan-2026 12:00 PM

+₹9

₹114

+8.57%

₹10,800

08-Jan-2026 12:00 PM

+₹9

₹114

+8.57%

₹10,800

07-Jan-2026 12:00 PM

+₹9

₹114

+8.57%

₹10,800

06-Jan-2026 12:00 PM

+₹9

₹114

+8.57%

₹10,800

GRE Renew Enertech IPO Details

About GRE Renew Enertech IPO

IPO Details

Issue Reservation

IPO Lot Size

About Company

Day-wise GMP Trend

Objects of the Issue

Company Financials

IPO Valuation - KPI

Peer Comparison

IPO Anchor Investors

Promoters and Holding Pattern

Frequently Asked Questions (FAQ)

When does the GRE Renew Enertech IPO open and close?

What is GRE Renew Enertech IPO price band?

What is the GRE Renew Enertech IPO lot size?

What is the GRE Renew Enertech IPO allotment date?

What is the GRE Renew Enertech IPO listing date?

What is the minimum investment required in GRE Renew Enertech IPO?

Join the discussion

GRE Renew Enertech IPO Details

About GRE Renew Enertech IPO

IPO Details

Issue Reservation

IPO Lot Size

About Company

Day-wise GMP Trend

Objects of the Issue

Company Financials

IPO Valuation - KPI

Peer Comparison

IPO Anchor Investors

Promoters and Holding Pattern

Frequently Asked Questions (FAQ)

When does the GRE Renew Enertech IPO open and close?

What is GRE Renew Enertech IPO price band?

What is the GRE Renew Enertech IPO lot size?

What is the GRE Renew Enertech IPO allotment date?

What is the GRE Renew Enertech IPO listing date?

What is the minimum investment required in GRE Renew Enertech IPO?

Join the discussion