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GRE Renew Enertech IPO

16.46x

subscribed

GRE Renew Enertech IPO

listed
₹2.40LMin. investment
  1. Pre-apply
    12 Jan
  2. Bid start
    13 Jan
  3. Bid end
    16 Jan
  4. Allotment
    19 Jan
  5. Release of funds
    20 Jan
  6. Demat transfer
    20 Jan
  7. Listing
    21 Jan

GRE Renew Enertech Limited IPO Details

Price range₹100 – ₹105
IPO type
SME
Lot size1200 shares
Issue size₹40Cr
Red Herring Prospectus
Read
Market Cap
₹150.02CrLower than sector avg
RevenueApr 2024 - Mar 2025
₹83.72CrLower than sector avg
Growth rate3Y CAGR
26.62%Higher than sector avg

Checklist

Quality analysis
Revenue growth
Company valuation
Earnings expansion
Risk analysis
Debt to Equity ratio
Promoter holdings
Shares pledged
The investment checklist helps you understand a company's financial health at a glance and identify quality investment opportunities easily

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Revenue
Higher revenue means strong sales and good market demand
This IPO
₹83.72Cr
This sector
₹7,783.3Cr
Compare with companies
3Y growth
Strong 3-year growth shows consistent progress and potential
This IPO
26.62%
This sector
0.01%
Compare with companies
PAT
Higher PAT means strong profitability and efficient cost management
This IPO
₹7.03Cr
This sector
₹1,281.2Cr
Compare with companies
Market cap
Higher market cap means strong confidence but may suggest overvaluation
This IPO
₹150.02Cr
This sector
₹38,103.65Cr
Compare with companies
P/E ratio
Lower ratio usually means stock is undervalued
This IPO
15.65
This sector
45.35
Compare with companies
D/E ratio
Lower ratio usually means fewer liabilities
This IPO
0.05
This sector
2.10
Compare with companies

Objectives

Capex Expenditure
78.95%
General corporate purposes
21.05%

About GRE Renew Enertech Limited

GRE Renew Enertech offers rooftop and ground-mounted solar energy solutions to commercial and industrial clients. The company operate through two business models- Capital Expenditure (CAPEX) and Renewable Energy Service Company (RESCO).
Under the CAPEX model, the company offers engineering, procurement, construction, and operation of solar projects, while clients fund the project. Under the RESCO model, the company owns the solar assets and provides power to rooftop or project site owners at a pre-decided tariff for the duration of the contract. Besides solar energy, the company manufactures LED lighting solutions, but in recent years, most of its focus has been on solar energy.
The company's operations are divided into three divisions: Solar, LED, and Export. As of September 2025, Solar contributed 91.60% of revenue, LED 1.91%, and exports 6.49%. It received the Best MSME Awards for three consecutive financial years: 2012-13, 2013-14, and 2014-15, along with the Leadership Excellence Award from the Gujarat Annual Solar Awards in 2023. As of September 2025, Gujarat accounted for 99.41% of domestic revenue, while all exports came from sales to Rwanda.

GRE Renew Enertech IPO Subscription Status

Date
QIB
NII
Retail
Total
13-Jan-26
0.19 times (X)
0.22 times (X)
0.32 times (X)
2.26 times (X)
14-Jan-26
0.47X
0.96X
0.81X
2.75X
15-Jan-26
0.47X
0.96X
0.89X
2.79X
16-Jan-26
1.43X
22.81X
13.93X
16.46X

Frequently asked questions

How to invest in the GRE Renew Enertech IPO ?

Investors can apply for the GRE Renew Enertech IPO through their Demat account via the stock exchange or through their broker.

What is the issue size of GRE Renew Enertech IPO ?

The issue size of the GRE Renew Enertech IPO is 40 Cr.

What is 'pre-apply' for GRE Renew Enertech IPO ?

Pre-applying for an IPO allows you to submit your application before the official subscription period begins.

Which exchanges will GRE Renew Enertech IPO shares list on?

The IPO shares will typically list on major stock exchanges such as the National Stock Exchange (NSE) and Bombay Stock Exchange (BSE), as specified in the IPO prospectus.