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.

    Frequently Asked Questions

    Published Date : 08 Jan 2026

    Disclaimer :

    Investments in the securities market are subject to market risk, read all related documents carefully before investing. This content is for educational purposes only. Securities quoted are exemplary and not recommendatory.


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    Content Partner - Dalal Street Investment Journal Wealth Advisory Private Limited



    This article is for educational purposes only and should not be considered investment advice. Market investments are subject to risks. DSIJ Wealth Advisory Private Limited is a SEBI-registered Research Analyst (Reg. No: INH000006396) and Investment Adviser (Reg. No: INA000001142). Please consult your financial adviser before investing. 

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