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
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
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.