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How to Apply for the GRE Renew Enertech IPO: Step-by-Step Investment Guide


GRE Renew Enertech operates in the solar energy solutions segment, providing services related to engineering, procurement, construction, and operation of rooftop and ground-mounted solar power projects. Its business activities are structured around CAPEX and RESCO models, catering primarily to industrial and commercial customers adopting on-site renewable energy solutions. The company’s operations cover project design, execution, commissioning, and, where applicable, long-term operation and maintenance, positioning it within the broader landscape of solar energy deployment in India.

Applicants who wish to participate in the GRE Renew Enertech IPO can apply through an authorised trading platform or by using the ASBA facility provided by their banking institution. The application process generally involves logging into the trading or banking application, navigating to the IPO section, selecting the GRE Renew Enertech IPO, entering the required lot quantity, and completing payment authorisation through UPI or bank mandate. Once submitted, the application moves through exchange-governed verification and allotment procedures, which determine the final allotment status.

For more details, visit the GRE Renew Enertech IPO page.

GRE Renew Enertech IPO Details and Objectives

Details

Information

IPO Date

January 13, 2026 to January 16, 2026

Issue Size

37,68,000 shares (agg. up to ₹39.56 Cr)

Price Band

₹100 to ₹105 per share

Lot Size

1,200 shares

Listing At

BSE, SME

Market Maker

Share India Securities Ltd.

Purpose of the IPO

  • Setting up of 7.20 MW (AC) / 9.99 MW (DC) Ground Mounted Solar Power Plant

  • General corporate purposes

Timeline of GRE Renew Enertech IPO

Event

Date

IPO Open Date

Tue, Jan 13, 2026

IPO Close Date

Fri, Jan 16, 2026

Tentative Allotment

Mon, Jan 19, 2026

Initiation of Refunds

Tue, Jan 20, 2026

Credit of Shares to Demat

Tue, Jan 20, 2026

Tentative Listing Date

Wed, Jan 21, 2026

Pricing & Lot Size of GRE Renew Enertech IPO

Price Band for the IPO

  •  ₹100 to ₹105 per share

Minimum Lot Size and Application Details

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

GRE Renew Enertech IPO Application Process

The GRE Renew Enertech IPO application process can be completed online through your trading platform. Below is a step-by-step guide to applying for the IPO:

Step 1: Login to Your Trading Platform

Access your trading account using the broker's app or website.

Step 2: Navigate to the IPO Section

Go to the IPO section to view active IPO listings.

Step 3: Select the Open IPO and Click Apply

Locate GRE Renew Enertech IPO in the list of available IPOs and click the ‘Apply’ button.

Step 4: Enter the Quantity of Shares You Wish to Apply For

Specify the number of shares (lot size: 1,200 shares) within the price band of ₹100 to ₹105 per share.

Step 5: Provide Your UPI ID

Enter your UPI ID for payment authorisation and ensure sufficient funds in your bank account.

Step 6: Confirm the Application

Review your application details and confirm the UPI mandate before 5 PM on the last application day.

Step 7: Complete the Process and Wait for Allotment

Submit the application and monitor the allotment status to check if shares have been allocated to you.

Shares Offered in GRE Renew Enertech IPO

The GRE Renew Enertech IPO is a public issue comprising a total of 0.37 crore equity shares. The issue includes allocations across market maker, qualified institutional buyers, non-institutional investors, and retail investors, with a portion of the QIB category reserved for anchor investors. The distribution is structured to comply with SME IPO allocation norms.

Category

Shares Offered

Amount (Rs Cr)

Size (%)

Market Maker

1,92,000

2.02

5.10%

QIB

17,76,000

18.65

47.13%

Anchor Investor

10,62,000

11.15

28.18%

QIB (Ex Anchor)

7,14,000

7.50

18.95%

NII*

5,40,000

5.67

14.33%

Retail

12,60,000

13.23

33.44%

Total

37,68,000

39.56

100%

*NII refers to Non-Institutional Investors.

Financial Health and Performance

Key Financial Metrics

  • Total Assets: Declined from ₹51.65 crore as of 31 March 2023 to ₹42.77 crore as of 30 September 2025.

  • Total income: Declined from ₹53.11 crore in FY23 to ₹43.98 crore for the period ended 30 September 2025.

  • Profit After Tax (PAT): Improved from ₹0.89 crore in FY23 to ₹4.00 crore as of 30 September 2025.

  • Net Worth: Increased from ₹11.14 crore as of 31 March 2023 to ₹35.22 crore as of 30 September 2025.

  • Reserves and surplus: Rose from ₹9.89 crore in FY23 to ₹24.70 crore as of 30 September 2025.

  • EBITDA: Increased from ₹1.31 crore in FY23 to ₹5.72 crore for the period ended 30 September 2025.

Recent Performance and Growth Prospects

  • The company’s asset base shows a change between the earliest and latest reported periods, reflecting adjustments in the scale of operations and deployment of resources over time.

  • Income levels have varied across the reviewed periods, indicating changes in revenue generation aligned with business execution during different financial years.

  • Profit after tax has increased when compared between the earliest and latest periods, reflecting a shift in earnings outcomes over the assessed timeframe.

  • Net worth has risen across the period under review, indicating an expansion in shareholders’ equity supported by retained earnings and capital structure changes.

  • Reserves and surplus have increased over time, pointing to accumulation within internal reserves during the reporting periods.

  • Operating performance, as reflected by EBITDA, shows movement between the earliest and latest periods, indicating changes in operating results within core business activities.

Investment Risks and Opportunities

Potential Risks of Investing in the IPO

  • The company’s operations are concentrated in the solar energy segment, where project execution timelines and cash flows may be influenced by regulatory approvals, site readiness, and customer-specific factors.

  • Revenue generation may vary across periods due to the project-based nature of EPC activities and the long-term contractual structure of RESCO arrangements.

  • Financial performance can be affected by changes in input costs, access to financing, and operational execution across ongoing and new projects.

Opportunities and Growth Potential

  • The company operates within the on-site solar energy solutions space, catering to industrial and commercial users adopting renewable power sources.

  • Its presence across both CAPEX and RESCO business models provides exposure to different customer preferences for asset ownership and power consumption arrangements.

  • Ongoing adoption of renewable energy solutions in India provides a broader operating environment for solar project development and related services.

Key Performance Indicator (KPI)

KPI

Values

ROE

26.89%

ROCE

29.60%

Debt/Equity

0.05

RoNW

26.89%

PAT Margin

8.39%

EBITDA Margin

11.33%

Price to Book Value

3.54

GRE Renew Enertech IPO Registrar & Lead Managers

Registrar

Lead Manager(s)

Maashitla Securities Pvt.Ltd.

Share India Capital Services Pvt.Ltd.

Company Address of GRE Renew Enertech Limited

GRE Renew Enertech Ltd. Plot no. 423, G.I.D.C.-II Dediyasan Mehsana, Gujarat, 384002

Phone: +91 9974039300

Email: cs@greindia.com

Website: https://greindia.com/

Conclusion

GRE Renew Enertech operates in the solar energy solutions segment, providing services across engineering, procurement, construction, and operation of rooftop and ground-mounted solar projects. Its business activities are structured around CAPEX and RESCO models, addressing different customer approaches to solar asset ownership and power consumption. The IPO details outline the intended use of proceeds, business focus, financial information, and issue structure, as disclosed in the offer documents.

Applicants can apply to the IPO through authorised trading platforms or by using the ASBA facility offered by their respective banks. The application process typically involves selecting the IPO, entering the bid quantity, completing payment authentication through UPI or bank mandate, and submitting the application within the specified timelines. Post submission, applications undergo exchange-level verification and allotment processes, which determine the final allocation of shares.

Interested in more opportunities? Check out our Upcoming IPO section for new listings and don’t forget to check your GRE Renew Enertech IPO allotment status.

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The information provided on this website is for general informational purposes only and is subject to change without prior notice. BFSL shall not be responsible for any consequences arising from reliance on the information provided herein and shall not be held responsible for all or any actions that may subsequently result in any loss, damage and or liability. Interest rates, fees, and charges etc., are revised from time to time, for the latest details please refer to our Pricing page.

Neither the information, nor any opinion contained in this website constitutes a solicitation or offer by BFSL or its affiliates to buy or sell any securities, futures, options or other financial instruments or provide any investment advice or service.

BFSL is acting as distributor for non-broking products/ services such as IPO, Mutual Fund, Insurance, PMS, and NPS. These are not Exchange Traded Products. For more details on risk factors, terms and conditions please read the sales brochure carefully before investing.

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