Active
SME

GRE Renew Enertech Ltd

GRE Renew Enertech Ltd IPO Details

Listing Date

21 Jan 2026

Bid Price

₹100 - ₹105

Lot Size

1200 Shares

Minimum Investment

₹2,52,000 / 2 Lots

Issue Size

₹39.56 Cr

Schedule

    Here are the important dates you need to know in order to participate in this IPO

tick

Offer Start Date

13th Jan

tick

Offer End Date

16th Jan

tick

Allotment Date

19th Jan

tick

Refund Initiation

19th Jan

tick

Demat Transfer

20th Jan

tick

Listing Date

21st Jan

About GRE Renew Enertech Ltd IPO

Incorporated as GRE Renew Enertech Limited, the company is engaged in providing solar energy solutions along with LED lighting products, with its current operations largely centred on the solar segment. Its activities include the design, engineering, procurement, construction, and commissioning of rooftop and ground-mounted solar power projects for industrial and commercial users. The company’s portfolio also covers grid-connected rooftop systems and hybrid solar installations that integrate solar panels, batteries, and grid access. While it initially operated as a manufacturer of LED lighting solutions, its business focus has gradually shifted towards solar energy projects and related execution services.
 

GRE Renew Enertech Limited operates through two primary business models: the Capital Expenditure (CAPEX) model and the Renewable Energy Service Company (RESCO) model. Under the CAPEX model, customers fund and own the solar assets, while the company undertakes engineering, procurement, construction, and, where applicable, operation and maintenance activities. Under the RESCO model, the company develops, owns, and operates rooftop or ground-mounted solar installations, supplying power to consumers under agreed tariff arrangements over the contract period. In this structure, the solar assets remain with the company for the duration of the agreement. These models place the company’s operations within the broader context of on-site solar adoption by commercial and industrial consumers in India.

GRE Renew Enertech Ltd Shareholding Pattern

  Pre-Issue Post-Issue
Promoter Group 95.05% 69.99%
Public Group 4.95% 30.01%

GRE Renew Enertech Ltd IPO Reservation

QIB Shares Offered 7,14,000 (18.95%)
NII (HNI) Shares Offered 5,40,000 (14.33%)
Retail Shares Offered 12,60,000 (33.44%)
Anchor Investor Shares Offered 10,62,000 (28.18%)
Total Shares Offered 37,68,000
Total Shares With Anchor Investor 37,68,000

GRE Renew Enertech Ltd IPO Lot Size

Application Lots Shares Amount
Retail (Min) 2 2,400 ₹2,52,000
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 Ltd IPO Anchor Portion Size

Bid Date January 12, 2026

GRE Renew Enertech Ltd IPO registrar

Maashitla Securities Pvt Ltd
Phone Number +91 1145121795
Email Id ipo@maashitla.com
Website www.maashitla.com

GRE Renew Enertech Ltd IPO Lead Manager

1. Share India Capital Services Pvt Ltd

GRE Renew Enertech Ltd Financial Information

March 31, 2025 March 31, 2024 March 31, 2023
Net Worth ₹31.23 Cr ₹21.03 Cr ₹11.14 Cr
Reserves and Surplus ₹20.71 Cr ₹19.78 Cr ₹9.89 Cr
Total Borrowing ₹1.59 Cr ₹4.57 Cr ₹4.75 Cr

GRE Renew Enertech Ltd IPO Subscription LIVE Status

Category No. of shares offered No. of shares bid Subscription (Times)
Qualified Institutional Buyers (QIBs) 7,14,000 1,04,85,600 14.6857
Non Institutional Investors (NIIs) 7,32,000 1,35,13,200 18.4607
Retail Individual Investors (RIIs) 12,60,000 1,77,60,000 14.0952
Total 27,06,000 4,17,58,800 15.43

Strength of GRE Renew Enertech Ltd

  • Comprehensive end-to-end EPC solutions provider with a global execution track record.
  • Strong relationship with customers and other key stakeholders.
  • Well-equipped with advance technology.
  • Experienced Promoters and Technically Sound Operation Team.
  • Track record of growth and profitability.
  • Long term relationship with clients and repeat business.

Risks Involved

  • The company may be unable to accurately estimate costs under fixed-price EPC contracts, fail to maintain the quality and performance guarantees under its EPC contracts, The company may experience delays in completing the construction of solar power projects, which may increase its construction costs and working capital requirements and thus may have a material adverse effect on the company financial condition, cash flow and results of operations.
  • The company operates in a competitive industry and as such its may not be successful in bidding for and winning bids for solar power projects to grow the company business at national level, which may have a material adverse effect its business, financial condition, results of operations and prospects.
  • The company has projects mainly concentrated in one state - Gujarat. Any geographical disturbance in Gujarat can heavily adversely affect its business.
  • The company business operations relies on consistent solar weather conditions and unfavourable solar weather conditions could have a material adverse effect on its business, financial condition and results of operations.
  • The company, inter-alia, bid for projects funded by the Central and State Governments and derives its revenues from the work orders awarded to the company. Any reduction in budgetary allocation to its industry sector may affect the number of projects that the government authorities/bodies may plan to develop in a particular period.
  • The company relies on its in-house designing and engineering team for project execution.
  • The company Order Book may not be representative of its future results and the company actual income may be significantly less than the estimates reflected in its Order Book, which could adversely affect the company results of operations.
  • Delays in the completion of current and future projects could lead to termination of engineering, procurement and construction ("EPC") agreements or cost overruns, which could have an adverse effect on the company cash flows, business, results of operations and financial condition.
  • The Objects of the Issue for which funds are being raised, are based on the company management estimates and any bank or financial institution or any independent agency has not appraised the same.
  • The company has experienced negative operating cash flows in the past. Any operating losses or negative cash flows in the future could adversely affect its results of operations and financial conditions.
stock

Invest in IPOs with ease

Sign-in to invest with your demat account, or set up a new demat account for free

Strength of GRE Renew Enertech Ltd

  • Operates in the solar energy solutions segment with experience across engineering, procurement, construction, and operation of solar projects.

  • Follows both CAPEX and RESCO business models, allowing engagement with customers having different asset ownership and power consumption preferences.

  • Financial metrics show growth in net worth and reserves over the reviewed period, indicating changes in capital structure and retained earnings.

  • Involvement in rooftop and ground-mounted solar installations supports participation in on-site renewable energy adoption by industrial and commercial users.

  • Promoter-led management with operational experience in solar project execution and oversight.

Risks Involved

  • Business performance is linked to project execution timelines, which may vary based on approvals, site conditions, and customer readiness.

  • Revenue may fluctuate due to the project-based nature of EPC contracts and long-term timelines associated with RESCO arrangements.

  • Operations remain concentrated in the solar energy segment, which can be influenced by regulatory policies, financing conditions, and market demand.

  • Changes in input costs or availability of funding may affect margins and project viability.

  • SME IPO listings may experience lower liquidity compared to mainboard issues.

Industry Outlook of GRE Renew Enertech IPO

  • India’s energy demand is projected to rise over the coming decades, driven by population size, urbanisation, and economic activity, creating sustained requirements for additional power generation capacity.

  • A significant portion of incremental electricity demand is expected to be addressed through renewable and low-carbon energy sources, in line with India’s stated climate and energy transition objectives.

  • India has announced its intent to achieve net zero carbon emissions by 2070 and to meet around 50 percent of its electricity requirements from renewable sources by 2030, shaping long-term policy direction for the sector.

  • As of 2023, India ranked among the leading countries globally in terms of installed wind power capacity, solar power capacity, and overall renewable energy capacity.

  • Renewable power generation capacity in India has expanded steadily in recent years, recording a compound annual growth rate of about 15.4 percent between FY16 and FY23.

  • Total installed renewable energy capacity in India stood at approximately 125.15 GW in FY23, reflecting continued capacity additions across solar, wind, and other renewable sources.

  • India has seen continued additions in renewable electricity capacity, with further capacity additions expected to continue over the medium term.

  • Policy measures, regulatory frameworks, and government-led initiatives aimed at energy security and emissions reduction continue to influence investment activity and project development in the renewable energy sector.


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

Explore Other IPOs

  • Current IPOs
  • Upcoming IPOs
  • Closed IPOs
  • IPO Performance
  • All
  • MainBoard
  • SME
Striders Impex Limited IPO
Bidding Period
26th Feb 2026 - 3rd Mar 2026
Price Range
₹71.0 - 72.0
IPO Size
₹36,29,00,000
Aarvee Engineering Consultants Limited IPO
Bidding Period
To Be Announced
Price Range
₹0.0 - 0.0
IPO Size
₹0
Aastha Spintex Limited IPO
Bidding Period
To Be Announced
Price Range
₹0.0 - 0.0
IPO Size
₹0
AceVector Limited IPO
Bidding Period
To Be Announced
Price Range
₹0.0 - 0.0
IPO Size
₹0
Advanced SysTek Limited IPO
Bidding Period
To Be Announced
Price Range
₹0.0 - 0.0
IPO Size
₹0
Advanta Enterprises Limited IPO
Bidding Period
To Be Announced
Price Range
₹0.0 - 0.0
IPO Size
₹0
Advit Jewels Limited IPO
Bidding Period
To Be Announced
Price Range
₹0.0 - 0.0
IPO Size
₹0
Aggcon Equipments International Limited IPO
Bidding Period
To Be Announced
Price Range
₹0.0 - 0.0
IPO Size
₹0
Agilus Diagnostics Limited IPO
Bidding Period
To Be Announced
Price Range
₹0.0 - 0.0
IPO Size
₹0
Airox Technologies Limited IPO
Bidding Period
To Be Announced
Price Range
₹0.0 - 0.0
IPO Size
₹0
Ajay Poly Limited IPO
Bidding Period
To Be Announced
Price Range
₹0.0 - 0.0
IPO Size
₹0
Alcobrew Distilleries India Limited IPO
Bidding Period
To Be Announced
Price Range
₹0.0 - 0.0
IPO Size
₹0
Allchem Lifescience Limited IPO
Bidding Period
To Be Announced
Price Range
₹0.0 - 0.0
IPO Size
₹0
Allied Engineering Works Limited IPO
Bidding Period
To Be Announced
Price Range
₹0.0 - 0.0
IPO Size
₹0
Alpine Texworld Limited IPO
Bidding Period
To Be Announced
Price Range
₹0.0 - 0.0
IPO Size
₹0
Amir Chand Jagadish Kumar Exports Limited IPO
Bidding Period
To Be Announced
Price Range
₹0.0 - 0.0
IPO Size
₹0
Annu Projects Limited IPO
Bidding Period
To Be Announced
Price Range
₹0.0 - 0.0
IPO Size
₹0
AOne Steels India Limited IPO
Bidding Period
To Be Announced
Price Range
₹0.0 - 0.0
IPO Size
₹0
APPL Containers Limited IPO
Bidding Period
To Be Announced
Price Range
₹0.0 - 0.0
IPO Size
₹0
Ardee Engineering Limited IPO
Bidding Period
To Be Announced
Price Range
₹0.0 - 0.0
IPO Size
₹0
NO ACTIVE IPO HERE
  • All
  • MainBoard
  • SME
GAUDIUM IVF AND WOMEN HEALTH LIMITED IPO
Closing Today
Bidding Period
20th Feb 2026 - 2nd Feb 2026
Price Range
₹75.0 - 79.0
IPO Size
₹1,65,00,00,000
MANILAM INDUSTRIES INDIA LIMITED IPO
Closing Today
Bidding Period
20th Feb 2026 - 2nd Feb 2026
Price Range
₹65.0 - 69.0
IPO Size
₹40,00,00,000
FRACTAL INDUSTRIES LIMITED IPO
Bidding Period
16th Feb 2026 - 2nd Feb 2026
Price Range
₹205.0 - 216.0
IPO Size
₹49,00,00,000
MARUSHIKA TECHNOLOGY LIMITED IPO
Bidding Period
12th Feb 2026 - 2nd Feb 2026
Price Range
₹111.0 - 117.0
IPO Size
₹27,00,00,000
FRACTAL ANALYTICS LIMITED IPO
Bidding Period
9th Feb 2026 - 2nd Feb 2026
Price Range
₹857.0 - 900.0
IPO Size
₹28,34,00,00,000
AYE FINANCE LIMITED IPO
Bidding Period
9th Feb 2026 - 2nd Feb 2026
Price Range
₹122.0 - 129.0
IPO Size
₹10,10,00,00,000
BIOPOL CHEMICALS LIMITED IPO
Bidding Period
6th Feb 2026 - 2nd Feb 2026
Price Range
₹102.0 - 108.0
IPO Size
₹31,00,00,000
PAN HR SOLUTION LIMITED IPO
Bidding Period
6th Feb 2026 - 2nd Feb 2026
Price Range
₹74.0 - 78.0
IPO Size
₹17,00,00,000
NFP SAMPOORNA FOODS LIMITED IPO
Bidding Period
4th Feb 2026 - 2nd Feb 2026
Price Range
₹52.0 - 55.0
IPO Size
₹25,00,00,000
BRANDMAN RETAIL LIMITED IPO
Bidding Period
4th Feb 2026 - 2nd Feb 2026
Price Range
₹167.0 - 176.0
IPO Size
₹86,00,00,000
GROVER JEWELLS LIMITED IPO
Bidding Period
4th Feb 2026 - 2nd Feb 2026
Price Range
₹83.0 - 88.0
IPO Size
₹34,00,00,000
C K K RETAIL MART LIMITED IPO
Bidding Period
30th Jan 2026 - 2nd Feb 2026
Price Range
₹155.0 - 163.0
IPO Size
₹88,00,00,000
ACCRETION NUTRAVEDA LIMITED IPO
Bidding Period
28th Jan 2026 - 1st Jan 2026
Price Range
₹122.0 - 129.0
IPO Size
₹25,00,00,000
MSAFE EQUIPMENTS LIMITED IPO
Bidding Period
28th Jan 2026 - 1st Jan 2026
Price Range
₹116.0 - 123.0
IPO Size
₹66,00,00,000
KANISHK ALUMINIUM INDIA LIMITED IPO
Bidding Period
28th Jan 2026 - 1st Jan 2026
Price Range
₹73.0 - 73.0
IPO Size
₹29,00,00,000
KASTURI METAL COMPOSITE LIMITED IPO
Bidding Period
27th Jan 2026 - 1st Jan 2026
Price Range
₹61.0 - 64.0
IPO Size
₹18,00,00,000
HANNAH JOSEPH HOSPITAL LIMITED IPO
Bidding Period
22nd Jan 2026 - 1st Jan 2026
Price Range
₹67.0 - 70.0
IPO Size
₹42,00,00,000
SHAYONA ENGINEERING LIMITED IPO
Bidding Period
22nd Jan 2026 - 1st Jan 2026
Price Range
₹140.0 - 144.0
IPO Size
₹15,00,00,000
KRM AYURVEDA LIMITED IPO
Bidding Period
21st Jan 2026 - 1st Jan 2026
Price Range
₹128.0 - 135.0
IPO Size
₹77,00,00,000
SHADOWFAX TECHNOLOGIES LIMITED IPO
Bidding Period
20th Jan 2026 - 1st Jan 2026
Price Range
₹118.0 - 124.0
IPO Size
₹19,07,00,00,000
  • All
  • MainBoard
  • SME
MARUSHIKA TECHNOLOGY LIMITED IPO
Issue Prize
117.00
Listing Day Close
114.00(-2.56%)
FRACTAL ANALYTICS LIMITED IPO
Issue Prize
900.00
Listing Day Close
847.40(-5.89%)
AYE FINANCE LIMITED IPO
Issue Prize
129.00
Listing Day Close
128.90(0.00%)
BIOPOL CHEMICALS LIMITED IPO
Issue Prize
108.00
Listing Day Close
105.50(-1.85%)
PAN HR SOLUTION LIMITED IPO
Issue Prize
78.00
Listing Day Close
78.01(0.00%)
BRANDMAN RETAIL LIMITED IPO
Issue Prize
176.00
Listing Day Close
192.15(9.09%)
GROVER JEWELLS LIMITED IPO
Issue Prize
88.00
Listing Day Close
100.80(14.77%)
C K K RETAIL MART LIMITED IPO
Issue Prize
163.00
Listing Day Close
171.15(4.91%)
ACCRETION NUTRAVEDA LIMITED IPO
Issue Prize
129.00
Listing Day Close
191.20(48.06%)
MSAFE EQUIPMENTS LIMITED IPO
Issue Prize
123.00
Listing Day Close
150.30(21.95%)
KANISHK ALUMINIUM INDIA LIMITED IPO
Issue Prize
73.00
Listing Day Close
55.48(-24.66%)
KASTURI METAL COMPOSITE LIMITED IPO
Issue Prize
64.00
Listing Day Close
63.16(-1.56%)
HANNAH JOSEPH HOSPITAL LIMITED IPO
Issue Prize
70.00
Listing Day Close
68.25(-2.86%)
SHAYONA ENGINEERING LIMITED IPO
Issue Prize
144.00
Listing Day Close
151.00(4.86%)
KRM AYURVEDA LIMITED IPO
Issue Prize
135.00
Listing Day Close
180.70(34.07%)
SHADOWFAX TECHNOLOGIES LIMITED IPO
Issue Prize
124.00
Listing Day Close
109.90(-11.29%)
DIGILOGIC SYSTEMS LIMITED IPO
Issue Prize
104.00
Listing Day Close
79.05(-24.04%)
ARITAS VINYL LIMITED IPO
Issue Prize
47.00
Listing Day Close
44.65(-4.26%)
ARMOUR SECURITY INDIA LIMITED IPO
Issue Prize
57.00
Listing Day Close
43.35(-24.56%)
AM
AMAGI MEDIA LABS LIMITED IPO
Issue Prize
361.00
Listing Day Close
348.00(-3.60%)

Frequently Asked Questions

What is GRE Renew Enertech Ltd IPO?

Answer Field

GRE Renew Enertech Ltd IPO is a SME IPO of 37,68,000 equity shares of a face value of ₹10 aggregating up to ₹39.56 Crores. The issue is priced at ₹100 to ₹105 per share. The minimum order quantity is 1200 Shares. The IPO opens on January 13, 2026, and closes on January 16, 2026. Maashitla Securities Pvt Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE-SME.

When GRE Renew Enertech Ltd IPO will open?

Answer Field

The GRE Renew Enertech Ltd IPO opens on January 13, 2026 and closes on January 16, 2026.

What is the lot size of GRE Renew Enertech Ltd?

Answer Field

GRE Renew Enertech Ltd lot size is 1200 shares, and the minimum amount required is ₹2,52,000.

How to apply for GRE Renew Enertech Ltd IPO?

Answer Field

You can apply in GRE Renew Enertech Ltd IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. To apply for an IPO:

• Login to Bajaj Broking account App/Website & click on IPO

• Enter the number of lots and price at which you wish to apply.

• Enter your UPI ID and click on submit. With this, your bid will be placed with the exchange.

• You will receive a mandate notification to block funds in your UPI app.

• Approve the mandate request on your UPI and funds will be blocked.

When is GRE Renew Enertech Ltd IPO allotment?

Answer Field

The finalization of Basis of Allotment for GRE Renew Enertech Ltd IPO will be done on January 19, 2026, and the allotted shares will be credited to your demat account by January 20, 2026.

When is GRE Renew Enertech Ltd IPO listing date?

Answer Field

The GRE Renew Enertech Ltd listing date is January 21, 2026.

Who is the registrar of GRE Renew Enertech Ltd IPO?

Answer Field

The registrar of GRE Renew Enertech Ltd IPO is Maashitla Securities Pvt Ltd

Which company is the book-running lead manager of the IPO?

Answer Field

Share India Capital Services Pvt Ltd will be the book-running lead manager of this IPO.

What is the fresh issue of GRE Renew Enertech Ltd IPO?

Answer Field

The fresh issue size is ₹39.56 Crores equity shares.

What minimum lot size can retail subscribers subscribe to GRE Renew Enertech Ltd?

Answer Field

Retail investors can subscribe to a minimum of one lot, 1200 shares and ₹2,52,000 amount.

How can I approve the UPI mandate request for GRE Renew Enertech Ltd IPO?

Answer Field

To apply for GRE Renew Enertech Ltd IPO, you need to log in to your demat account to complete the bidding process. Then, approve the payment mandate on your UPI app.

What is the price range of GRE Renew Enertech Ltd?

Answer Field

The price of each GRE Renew Enertech Ltd share will be ranging in between ₹100 to ₹105 per share.

What is the cut-off time for the UPI mandate for GRE Renew Enertech Ltd IPO?

Answer Field

The cut-off time for the UPI mandate confirmation is 5:00 PM, January 16, 2026.

No results found

banner-icon

Open Your Free Demat Account

Enjoy low brokerage on delivery trades

+91

|

Please Enter Mobile Number

Open Your Free Demat Account

Enjoy low brokerage on delivery trades

+91

|