The GRE Renew Enertech IPO was subscribed overall 16.53 times on the last day, while the retail quota was subscribed 14.10 times, QIB subscribed 14.69 times, and NII quota subscribed 24.67 times, respectively.
Details About GRE Renew Enertech IPO
GRE Renew Enertech has received approval from SEBI for an IPO of ₹40 crores. The IPO comprises a fresh issue of ₹40 crores with a face value of ₹10 each.
Moreover, the company has set up a price band between ₹100 to ₹105 per share.
In this IPO, a total of 2,400 shares were available in 2 lot sizes for the minimum Retail category and maximum Retail category.
S-HNI (Min) has a total of 3,600 shares in 3 lot sizes.
S-HNI has 8,400 shares in 7 lot sizes.
B-HNI Minimum shares in 9,600 shares in 8 lot sizes.
To invest in this IPO, each investor category has specific investment amounts:
- Retail Investors: Minimum investment of ₹2,52,000.
- Retail Investors: maximum investment of ₹2,52,000.
- S-HNI (Minimum): Minimum investment of ₹3,78,000.
- S-HNI (maximum): Minimum investment of ₹8,82,000.
- B-HNI Minimum: Minimum investment of ₹10,08,000.
Subscription duration of the GRE Renew Enertech IPO
The opening date of the GRE Renew Enertech IPO subscription was January 13, 2026, and the closing date was January 16, 2026. The GRE Renew Enertech IPO allotment was finalized on January 19, 2026, and the IPO listing is on January 21, 2026.
Funds Deployment of This Company
- The proceeds raised from the issue will be used towards setting up a 7.20 MW (AC) / 9.99 MW (DC) ground-mounted solar power plant.
- Lastly, the remaining funds will be used towards the General Corporate Purpose.
About the GRE Renew Enertech IPO
GRE Renew Enertech was founded in 2006 and has been involved in offering rooftop and ground-mounted solar solutions. The company runs its operations in 2 segments, which are Capital Expenditure (CAPEX) and Renewable Energy Service Company (RESCO). Under the CAPEX segment, it offers 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.
Its services are mostly catered towards industrial and commercial customers. 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. Moreover, the business is also involved as a manufacturer of Light Emitting Diode (“LED”) lighting solutions.
GRE Renew Enertech IPO Company Financial Report
The company reported revenue of ₹84.37 crores in 2025 against ₹92.15 crores in 2024. The company reported a profit of ₹7.03 crores in 2025 against a profit of ₹9.91 crores in 2024.
