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GRE Renew Enertech IPO
16.46xsubscribed

GRE Renew Enertech IPO

listed
₹2.40LMin. investment

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

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

As on 13-Jan-26, 5:46 PM

GRE Renew Enertech IPO Timeline

  1. Pre-apply
    12 Jan 2026
  2. Bid start
    13 Jan 2026
  3. Bid end
    16 Jan 2026
  4. Allotment
    19 Jan 2026
  5. Release of funds
    20 Jan 2026
  6. Demat transfer
    20 Jan 2026
  7. Listing
    21 Jan 2026

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.

Checklist

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

Objectives of Gre Renew Enertech Limited IPO

Capex Expenditure
78.95%
The company will utilise ₹31.58 crore towards setting up a solar power plant.
General corporate purposes
21.05%
Part of the IPO proceeds will be used for general corporate purposes and issue expenses

Compare

CompanyRevenue*3Y growthPATMarket capP/E ratioD/E ratio
This IPO₹83.72Cr26.62%₹7.03Cr₹150.02Cr15.650.05
This sector (avg.)₹7,783.3Cr0.01%₹1,281.2Cr₹38,103.65Cr45.352.10
₹1,88,138.06Cr---₹20,251.23Cr₹3,45,201.3Cr14.281.36
₹45,792.32Cr---₹15,245.13Cr₹2,38,560.5Cr15.691.41
₹11,212Cr---₹1,557Cr₹1,40,388.8Cr98.956.59

*Revenue for financial year 2024-25. Lower P/E and D/E ratios are generally preferred.

GRE Renew Enertech IPO Contact Details

Company NameGRE Renew Enertech Limited

How to apply for GRE Renew Enertech IPO?

  1. Step 1

    Log in to your Upstox account to access IPO investments. Next, select the current IPO section.

  2. Step 2

    Specify IPO details. Enter the number of lots and the price you wish to apply for.

  3. Step 3

    Enter UPI ID. After entering your UPI ID, click submit. This will place your bid with the exchange.

  4. Step 4

    Mandate Notification. Your UPI app will receive a mandate notification to block funds.

  5. Step 5

    Approve Request. Your funds will be blocked once you approve the mandate request on your UPI.

Gre Renew Enertech Limited IPO FAQs

Investors can apply for the GRE Renew Enertech IPO through their Demat account via the stock exchange or through their broker.
The issue size of the GRE Renew Enertech IPO is 40 Cr.
Pre-applying for an IPO allows you to submit your application before the official subscription period begins.
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.
GRE Renew Enertech IPO will be open between 2026-01-13 and 2026-01-16.
GRE Renew Enertech IPO allotment date is 2026-01-20. For GRE Renew Enertech IPO allotment status check, you can visit the website of the registrar of the IPO.
For GRE Renew Enertech IPO, the IPO registrar is MAASHITLA SECURITIES PRIVATE LIMITED. You can check GRE Renew Enertech IPO allotment status on the website of the registrar.
The shares are proposed to be listed on the BSE and NSE.
The GRE Renew Enertech IPO shares will typically be credited to your demat account one working day before the IPO's listing date, provided your application is successfully allotted.
The GRE Renew Enertech IPO lot size is 1200 and minimum order quantity is 2400.
GRE Renew Enertech IPO has set the price band for its IPO at 105 per equity share with a face value of 10.