GRE Renew Enertech IPO vs Sattva Engineering Construction IPO

Comparison between GRE Renew Enertech IPO and Sattva Engineering Construction IPO.

IPO Details

GRE Renew Enertech IPO is a SME Bookbuilding IPO proposed to list at BSE SME while Sattva Engineering Construction IPO is a SME Bookbuilding proposed to list at NSE SME.

Issue Size and Price

The total issue size of GRE Renew Enertech IPO is up to ₹37.55 Cr whereas the issue size of the Sattva Engineering Construction IPO is up to ₹33.58 Cr. The final issue price of GRE Renew Enertech IPO is ₹105.00 per share and of Sattva Engineering Construction IPO is ₹75.00 per share.

 GRE Renew Enertech IPOSattva Engineering Construction IPO
Face Value₹10 per share₹10 per share
Issue Price (Lower)₹100.00 per share₹70.00 per share
Issue Price (Upper)₹105.00 per share₹75.00 per share
Issue Price (Final)₹105.00 per share₹75.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size1200 shares1600 shares
Fresh Issue Size35,76,000 shares44,76,800 shares
Fresh Issue Size (Amount)up to ₹37.55 Crup to ₹33.58 Cr
OFS Issue Size0 shares0 shares
OFS Issue Size (Amount)up to ₹0.00 Crup to ₹0.00 Cr
Issue Size Total35,76,000 shares44,76,800 shares
Issue Size Total (Amount)up to ₹37.55 Crup to ₹33.58 Cr

IPO Timetable

GRE Renew Enertech IPO opens on Jan 13, 2026, while Sattva Engineering Construction IPO opens on Aug 26, 2025. The closing date of GRE Renew Enertech IPO and Sattva Engineering Construction IPO is Jan 16, 2026, and Aug 29, 2025, respectively.

 GRE Renew Enertech IPOSattva Engineering Construction IPO
Anchor Bid DateJan 12, 2026Aug 25, 2025
Issue OpenJan 13, 2026Aug 26, 2025
Issue CloseJan 16, 2026Aug 29, 2025
Basis Of Allotment (Tentative)Jan 19, 2026Sep 01, 2025
Initiation of Refunds (Tentative)Jan 20, 2026Sep 02, 2025
Credit of Share (Tentative)Jan 20, 2026Sep 02, 2025
Listing date (Tentative)Jan 21, 2026Sep 03, 2025
Anchor Lockin End date 1Feb 18, 2026Sep 30, 2025
Anchor Lockin End date 2Apr 19, 2026Nov 29, 2025

Financials & KPIs

GRE Renew Enertech IPO P/E ratio is 15.72, as compared to Sattva Engineering Construction IPO P/E ratio of 10.46.

 GRE Renew Enertech IPOSattva Engineering Construction IPO
Financials

Company Financials (Restated Consolidated)

Period Ended30 Sep 202531 Mar 202531 Mar 202431 Mar 2023
Assets42.7745.4649.1251.65
Total Income43.9884.3792.1553.11
Profit After Tax4.007.039.910.89
EBITDA5.729.4811.481.31
NET Worth35.2231.2321.0311.14
Reserves and Surplus24.7020.7119.789.89
Total Borrowing1.451.594.574.75
Amount in ₹ Crore

Company Financials (Restated Consolidated)

Sattva Engineering Construction Ltd.'s revenue increased by 22% and profit after tax (PAT) rose by 100% between the financial year ending with March 31, 2025 and March 31, 2024.

Period Ended31 Mar 202531 Mar 202431 Mar 2023
Assets114.8287.4883.38
Total Income94.8577.4483.93
Profit After Tax9.144.561.04
EBITDA18.5611.727.28
NET Worth43.4224.0319.47
Reserves and Surplus30.6723.0318.47
Total Borrowing36.1732.2032.24
Amount in ₹ Crore
Promoter Shareholding (Pre-Issue)95.0686.18
Promoter Shareholding (Post-Issue)69.9962.91
P/E Ratio15.7210.46
Market Cap₹150.02 Cr.₹131.01 Cr.
ROE26.8927.10
ROCE29.6028.58
Debt/Equity0.050.83
EPS₹6.68₹7.17
RoNW26.8927.10

Shares Offered

In the GRE Renew Enertech IPO Retail Individual Investors (RII) are offered 12,60,000 shares while in Sattva Engineering Construction IPO retail investors are offered 12,60,000 shares. Qualified Institutional Buyers (QIB) are offered 7,14,000 shares in GRE Renew Enertech IPO and 8,88,000 shares in Sattva Engineering Construction IPO.

 GRE Renew Enertech IPOSattva Engineering Construction IPO
Anchor Investor Reservation10,62,000 shares13,29,600 shares
Market Maker Reservation1,92,000 shares2,40,000 shares
QIB7,14,000 shares8,88,000 shares
NII5,40,000 shares6,91,200 shares
RII12,60,000 shares15,68,000 shares
Employee0 shares0 shares
Others
Total35,76,000 shares44,76,800 shares

Bids Received (Subscription)

GRE Renew Enertech IPO subscribed 11.62x in total, whereas Sattva Engineering Construction IPO subscribed 139.32x.

 GRE Renew Enertech IPOSattva Engineering Construction IPO
QIB (times)14.69x123.39x
NII (times)24.67x351.59x
Big NII (times)27.99x407.42x
Small NII (times)18.02x239.95x
RII (times)14.10x172.89x
Employee (times)
Other (times)
Total (times)11.62x139.32x

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