GRE Renew Enertech
January 13, 2026 – January 16, 2026
| Price | ₹100 - ₹105 |
| GMP Rumors * | ₹9 |
|---|---|
| Lot size | 1200 |
| Issue size | ₹40.00 cr |
| Allotment | Jan 19, 2026 |
| Listing | Jan 21, 2026 |
GRE Renew Enertech Lot(s) Distribution
| Category | Lot(s) | Qty | Amount | Reserved |
|---|---|---|---|---|
| INDIVIDUAL | 2 | 2400 | 252000 | 0 |
| sHNI | 3 | 3600 | 378000 | 0 |
| bHNI | 8 | 9600 | 1008000 | 0 |
GRE Renew Enertech Reservation
| Category | Shares Offered | % |
|---|---|---|
| Total | 0 | 100% |
GRE Renew Enertech About
IPO Details
| Total Issue Size | 37,68,000 shares (aggregating up to ₹40 Cr) |
| Fresh Issue | 37,68,000 shares (aggregating up to ₹40 Cr) |
| Face Value | ₹10/- Per Share |
| 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 |
| Reserved for Market Maker | 1,92,000 shares (aggregating up to ₹2 Cr) |
| Market Maker | Share india securities limited |
IPO Reservation
| Investor Category | Shares Offered |
|---|---|
| QIB Shares Offered | Not more than 50% of the Net Issue |
| Retail Shares Offered | Not less than 35% of the Net Issue |
| NII Shares Offered | Not less than 15% of the Net Issue |
Key Performance Indicators (KPI)
Details will be added soon.Company Financial (In ₹Crore)
| Period Ended | Mar-25 | Mar-24 | Mar-23 |
|---|---|---|---|
| Assets | 45.46 | 49.12 | 51.65 |
| Total Income | 84.37 | 92.15 | 53.11 |
| Profit After Tax | 7.03 | 9.91 | 0.89 |
| EBITDA | 9.48 | 11.48 | 1.31 |
| NET Worth | 31.23 | 21.03 | 11.14 |
| Reserves and Surplus | 20.71 | 19.78 | 9.89 |
| Total Borrowing | 1.59 | 4.57 | 4.75 |
About Company
GRE Renew Enertech Limited operates in solar energy solutions and LED lighting, with its primary focus now on solar power projects.
Provides rooftop and ground-mounted solar installations, along with indoor and outdoor LED lighting solutions.
Operates under two business models:
• CAPEX (EPC) Model – Turnkey solar project execution where clients fund and own systems, and the company handles engineering, procurement, construction, and commissioning.
• RESCO (Opex) Model – Company-owned rooftop solar systems generating annuity income, while customers pay monthly tariffs.
Service portfolio includes EPC turnkey solutions, on-grid rooftop systems, hybrid rooftop systems, and high-efficiency PV modules.
IPO proceeds will be used for setting up a 7.20 MW (AC) / 9.99 MW (DC) ground-mounted solar power plant (₹32.61 cr) and general corporate purposes.
Strength
Experienced management team – Strong leadership with sector knowledge supports project execution and growth.
Skilled O&M workforce – Continuous training and skill development strengthen operations and maintenance capabilities.
Visible order book and policy tailwinds – Existing projects and supportive national renewable energy policies aid growth visibility.
Weakness
EPC execution risk – Cost overruns, delays, or failure to meet performance guarantees under fixed-price contracts can impact margins and cash flows.
High competition in solar EPC – Intense bidding competition may limit project wins and national expansion.
Geographical concentration – Heavy dependence on projects in Gujarat exposes the business to regional disruptions.
GRE Renew Enertech Lead Manager(s)
GRE Renew Enertech Address
Address
Plot no. 423,
G.I.D.C.-II
Dediyasan
Mehsana, Gujarat, 384002
+91 9974039300
E-mail:cs@greindia.com
Website: www.greindia.com