GRE Renew Enertech IPO Date, Review, Price, Allotment Details
The GRE Renew Enertech IPO will open for subscription on January 13, 2026, and close on January 16, 2026. This IPO is a book-built issue through which the company plans to raise approximately ₹40 crore. The issue consists of a fresh issue aggregating ₹40 crore along with an offer for sale of up to [.] equity shares, each having a face value of ₹10.
The price band for the GRE Renew Enertech IPO is fixed between ₹100 and ₹105 per share. The issue allocation is 50% reserved for Qualified Institutional Buyers (QIBs), 35% for retail investors, and 15% for High Net-Worth Individuals (HNIs). The shares are proposed to be listed on the BSE SME platform on January 21, 2026, while the IPO allotment is expected to be finalized on January 19, 2026.
From a financial perspective, the company reported revenue of ₹84.37 crore in FY 2025, compared to ₹92.15 crore in FY 2024. Net profit stood at ₹7.03 crore in 2025, down from ₹9.91 crore in the previous year. Based on the financial performance, the IPO may be considered suitable for investors with a long-term investment horizon.
GRE Renew Enertech IPO Details
IPO Open Date January 13, 2026 IPO Close Date January 16, 2026 Face Value ₹10 Per Equity Share IPO Price Band ₹100 to ₹105 Per Share Issue Size Approx ₹40 Crores Fresh Issue Approx ₹40 Crores Issue Type Bookbuilding Issue IPO Listing BSE SME DRHP Draft Prospectus 
GRE Renew Enertech IPO Market Lot
The minimum lot size for the GRE Renew Enertech IPO is 2,400 equity shares, requiring an application amount of ₹2,52,000.
Application Lot Size Shares Amount Retail Minimum 2 2,400 ₹2,52,000 Retail 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
Investor Category Share Offered -% Shares Anchor Investor – Shares -% QIB (Ex. Anchor) – Shares 50% NII Shares Offered – Shares 35% Retail Shares Offered – Shares 15%
GRE Renew Enertech IPO Anchor Investors
Anchor Bidding Date 2026 Anchor Investors List Shares Offered – Shares Anchor Size – Cr. lock-in period end date 50% shares (30 Days) 2026 lock-in period end date 50% shares (90 Days) 2026
GRE Renew Enertech IPO Dates
The GRE Renew Enertech IPO will open on January 13 and close on January 16. The allotment is scheduled to be finalized on January 19, with the shares expected to be listed on January 21.
IPO Open Date: January 13, 2026 IPO Close Date: January 16, 2026 Basis of Allotment: January 19, 2026 Refunds: January 20, 2026 Credit to Demat Account: January 20, 2026 IPO Listing Date: January 21, 2026 IPO Bidding Cut-off Time: January 16, 2026 – 5 PM
Promoters and Holding Pattern
The company is promoted by Mr. Kamleshkumar Dahyalal Patel, Mr. Kirtikumar Kantilal Suthar, and Mr. Mukeshkumar Prahladbhai Trivedi.
Particular Shares % Share Promoter Holding Pre-Issue 1,05,20,000 95.06% Promoter Holding Post Issue 1,42,88,000 69.99%
Objects of the Issue & Utilisation of Proceeds
Purpose Crores Setting up of 7.20 MW (AC) / 9.99 MW (DC) Ground Mounted Solar Power Plant 32.61 General corporate purposes –
About the GRE Renew Enertech IPO
Since its incorporation in 2006, GRE Renew Enertech Limited has been providing rooftop and ground-mounted solar energy solutions to industrial and commercial clients. The company operates through two key business segments: Capital Expenditure (CAPEX) and Renewable Energy Service Company (RESCO). Under the CAPEX model, GRE Renew Enertech offers end-to-end services including engineering, procurement, construction, and operation of solar power projects. Under the RESCO model, the company enters into agreements with rooftop owners to install, operate, and maintain solar systems on their premises.
In addition to solar solutions, the company is also engaged in the manufacturing of Light Emitting Diode (LED) lighting products. However, in recent years, its primary focus has shifted largely toward solar energy solutions. GRE Renew Enertech aims to establish itself as a preferred, high-quality solar solutions provider for industrial and commercial customers.
GRE Renew Enertech IPO Company Financial Report
Amount ₹ in Crores
Period Ended Revenue Expense PAT Assets 2023 ₹53.11 ₹74.91 ₹0.89 ₹51.65 2024 ₹92.15 ₹79.52 ₹9.91 ₹49.12 2025 ₹84.37 ₹51.59 ₹7.03 ₹45.46
GRE Renew Enertech IPO Valuation – FY2025
Check GRE Renew Enertech IPO valuations detail like Earnings Per Share (EPS), Price/Earning P/E Ratio, Return on Net Worth (RoNW), and Net Asset Value (NAV) details.
KPI Values ROE: 26.89% ROCE: 29.60% EBITDA Margin: 11.33% PAT Margin: 8.39% Debt to equity ratio: 0.05 Earning Per Share (EPS): ₹6.71 (Basic) Price/Earning P/E Ratio: N/A Return on Net Worth (RoNW): 26.89% Net Asset Value (NAV): ₹29.68
Peer Group Comparison
Company EPS PE Ratio RoNW % NAV Income Oriana Power Limited 81.92 15.99 48.62% 256.26 1018.67 Cr. Zodiac Energy Limited 13.38 29.27 27.71% 64 407.78 Cr.
IPO Lead Managers aka Merchant Bankers
- Share India Capital Services Pvt.Ltd.
Company Address
GRE Renew Enertech Ltd.
Plot no. 423,
G.I.D.C.-II
Dediyasan
Mehsana, Gujarat, 384002
Phone: +91 9974039300
Email: cs@greindia.com
Website: http://greindia.com/
IPO Registrar
Maashitla Securities Pvt.Ltd.
Phone: +91-11-45121795-96
Email: ipo@maashitla.com
Website: https://maashitla.com/allotment-status/public-issues