GRE Renew Enertech Limited is engaged in providing solar energy solutions and LED lighting products, with a primary focus on solar energy systems.
GRE Renew Enertech IPO 2026 – Dates, Price Band, Lot Size, Review & Full Details
Book Building IPO | BSE SME
IPO Snapshot
13 January 2026
16 January 2026
19 January 2026
21 January 2026 (Tentative)
₹100 – ₹105 per share
1,200 shares
₹39.56 Crore
Bookbuilding IPO (Fresh Issue)
GRE Renew Enertech IPO Key Details
| Particular | Details |
|---|---|
| IPO Dates | 13 to 16 January 2026 |
| Face Value | ₹10 per share |
| Price Band | ₹100 to ₹105 per share |
| Total Issue Size | 37,68,000 shares (₹39.56 Cr) |
| Market Cap (Pre-IPO) | ₹150.02 Crore |
| Listing At | BSE SME |
| Issue Type | Book Building IPO |
| Sale Type | Fresh Capital |
| Registrar | Maashitla Securities Pvt. Ltd. |
| Lead Manager | Share India Capital Services Pvt. Ltd. |
| Market Maker | Share India Securities Ltd. |
IPO Timeline (Tentative)
| Event | Date |
|---|---|
| IPO Opens | Tuesday, 13 January 2026 |
| IPO Closes | Friday, 16 January 2026 |
| Allotment | Monday, 19 January 2026 |
| Refunds | Tuesday, 20 January 2026 |
| Shares Credited | Tuesday, 20 January 2026 |
| Listing | Wednesday, 21 January 2026 |
IPO Lot Size & Investment Details
| Category | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Minimum & Maximum) | 2 | 2,400 | 2,52,000 |
| S-HNI (Minimum) | 3 | 3,600 | 3,78,000 |
| S-HNI (Maximum) | 7 | 8,400 | 8,82,000 |
| B-HNI (Minimum) | 8 | 9,600 | 10,08,000 |
IPO Reservation Details
| Investor Category | Shares Offered |
|---|---|
| Market Maker | 1,92,000 (5.10%) |
| QIB (Total) | 17,76,000 (47.13%) |
| • Anchor Investors | 10,62,000 (28.18%) |
| • QIB (Ex-Anchor) | 7,14,000 (18.95%) |
| NII (HNI) | 5,40,000 (14.33%) |
| Retail | 12,60,000 (33.44%) |
| Total | 37,68,000 (100%) |
About GRE Renew Enertech Ltd.
GRE Renew Enertech Limited is engaged in providing solar energy solutions and LED lighting products, with a primary focus on solar energy systems.
The company offers rooftop and ground-mounted solar installations along with indoor and outdoor LED lighting solutions.
It operates under both CAPEX (EPC) and RESCO (Opex) business models, catering to diverse customer requirements across residential, commercial, and industrial segments.
Products & Services
- EPC (Engineering, Procurement and Construction) solar solutions
- Rooftop solar systems (On-Grid)
- Hybrid solar rooftop systems
- High-efficiency PV modules
Competitive Strengths
- Experienced management team
- Training and skill development for O&M teams
- Strong order book and policy support
- 24/7 premium customer support system
- Strong ESG focus
Financial Performance (₹ Crore)
| Particular | 30 Sep 2025 | FY25 | FY24 | FY23 |
|---|---|---|---|---|
| Total Income | 43.98 | 84.37 | 92.15 | 53.11 |
| Profit After Tax | 4.00 | 7.03 | 9.91 | 0.89 |
| EBITDA | 5.72 | 9.48 | 11.48 | 1.31 |
| Net Worth | 35.22 | 31.23 | 21.03 | 11.14 |
| Total Assets | 42.77 | 45.46 | 49.12 | 51.65 |
| Total Borrowing | 1.45 | 1.59 | 4.57 | 4.75 |
Objects of the Issue
| Purpose | Amount (₹ Cr) |
|---|---|
| Setting up of 7.20 MW (AC) / 9.99 MW (DC) Ground Mounted Solar Power Plant | 32.61 |
| General corporate purposes | — |
Key Performance Indicators (FY25)
| 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 |
| Post-IPO P/E | 18.75x |
Promoters
Mr. Kamleshkumar Dahyalal Patel, Mr. Kirtikumar Kantilal Suthar, and Mr. Mukeshkumar Prahladbhai Trivedi.
IPO Registrar
Maashitla Securities Pvt. Ltd.
Phone: +91-11-45121795-96
Email: ipo@maashitla.com
IPO Lead Manager
- Share India Capital Services Pvt. Ltd.
Lead Manager reports include performance summary and tracker.
Company Contact Details
GRE Renew Enertech Ltd.
Plot No. 423, G.I.D.C.-II, Dediyasan,
Mehsana, Gujarat – 384002
Phone: +91 9974039300
Email: cs@greindia.com
Frequently Asked Questions (FAQ)
What is the GRE Renew Enertech IPO date?
The IPO opens on 13 January 2026 and closes on 16 January 2026.
What is the price band of GRE Renew Enertech IPO?
The price band is ₹100 to ₹105 per share.
What is the lot size of GRE Renew Enertech IPO?
The minimum application size is 2,400 shares.
When will GRE Renew Enertech IPO allotment be finalised?
The allotment is expected on 19 January 2026.
Where will GRE Renew Enertech IPO list?
The IPO will list on BSE SME.