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GRE Renew Enertech IPO vs Vashishtha Luxury Fashion IPO

Comparison between GRE Renew Enertech IPO and Vashishtha Luxury Fashion IPO.

IPO Details

GRE Renew Enertech IPO is a SME Bookbuilding IPO proposed to list at BSE SME while Vashishtha Luxury Fashion IPO is a SME Bookbuilding proposed to list at BSE SME.

 GRE Renew Enertech IPOVashishtha Luxury Fashion IPO
LogoGRE Renew Enertech IPO LogoVashishtha Luxury Fashion IPO Logo
Issue CategorySMESME
Issue TypeIPOIPO
Process TypeBookbuildingBookbuilding
Listing AtBSE SMEBSE SME
Lead ManagersShare India Capital Services Pvt.Ltd.Expert Global Consultants Pvt.Ltd.
RegistrarMaashitla Securities Pvt.Ltd.Bigshare Services Pvt.Ltd.
Market MakerNirman Share Brokers Pvt.Ltd.
DRHPDRHP DRHP
RHPRHP RHP
Anchor Investor
IPO Allotment URLIPO Allotment URL

Issue Size and Price

The total issue size of GRE Renew Enertech IPO is up to ₹0.00 Cr whereas the issue size of the Vashishtha Luxury Fashion IPO is up to ₹8.42 Cr. The final issue price of GRE Renew Enertech IPO is and of Vashishtha Luxury Fashion IPO is ₹111.00 per share.

 GRE Renew Enertech IPOVashishtha Luxury Fashion IPO
Face Value₹10 per share₹10 per share
Issue Price (Lower)₹109.00 per share
Issue Price (Upper)₹111.00 per share
Issue Price (Final)₹111.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size1200 shares
Fresh Issue Size37,68,000 shares7,58,400 shares
Fresh Issue Size (Amount)up to ₹0.00 Crup to ₹8.42 Cr
OFS Issue Size0 shares0 shares
OFS Issue Size (Amount)up to ₹0.00 Crup to ₹0.00 Cr
Issue Size Total37,68,000 shares7,58,400 shares
Issue Size Total (Amount)up to ₹0.00 Crup to ₹8.42 Cr

IPO Timetable

GRE Renew Enertech IPO opens on , while Vashishtha Luxury Fashion IPO opens on Sep 05, 2025. The closing date of GRE Renew Enertech IPO and Vashishtha Luxury Fashion IPO is , and Sep 10, 2025, respectively.

 GRE Renew Enertech IPOVashishtha Luxury Fashion IPO
Anchor Bid DateSep 04, 2025
Issue OpenSep 05, 2025
Issue CloseSep 10, 2025
Basis Of Allotment (Tentative)Sep 11, 2025
Initiation of Refunds (Tentative)Sep 12, 2025
Credit of Share (Tentative)Sep 12, 2025
Listing date (Tentative)Sep 15, 2025
Anchor Lockin End date 1Oct 11, 2025
Anchor Lockin End date 2Dec 10, 2025

Financials & KPIs

GRE Renew Enertech IPO P/E ratio is , as compared to Vashishtha Luxury Fashion IPO P/E ratio of 12.14.

 GRE Renew Enertech IPOVashishtha Luxury Fashion IPO
Financials

GRE Renew Enertech Limited Financial Information (Restated Consolidated)

Period Ended31 Mar 202431 Mar 202331 Mar 2022
Assets49.1851.6719.11
Total Income92.1553.1137.12
Profit After Tax9.890.860.91
Net Worth21.0511.149.78
Reserves and Surplus19.89.898.53
Total Borrowing4.574.757.75
Amount in ₹ Crore
EBITDA
Promoter Shareholding (Pre-Issue)95.05100.00
Promoter Shareholding (Post-Issue)66.08
P/E Ratio12.14
Market Cap₹26.16 Cr.
ROE46.99%28.28%
ROCE56.00%31.43%
Debt/Equity0.220.34
EPS₹9.14
RoNW69.05%64.49%

Shares Offered

In the GRE Renew Enertech IPO Retail Individual Investors (RII) are offered while in Vashishtha Luxury Fashion IPO retail investors are offered . Qualified Institutional Buyers (QIB) are offered in GRE Renew Enertech IPO and 75,600 shares in Vashishtha Luxury Fashion IPO.

 GRE Renew Enertech IPOVashishtha Luxury Fashion IPO
Anchor Investor Reserveration0 shares
Market Maker Reserveration1,95,600 shares40,800 shares
QIB75,600 shares
NII2,65,200 shares
RII4,17,600 shares
Employee0 shares
Others
Total7,58,400 shares

Bids Received (Subscription)

GRE Renew Enertech IPO subscribed in total, whereas Vashishtha Luxury Fashion IPO subscribed 2.18x.

 GRE Renew Enertech IPOVashishtha Luxury Fashion IPO
QIB (times)1.27x
NII (times)2.47x
Big NII (times)2.63x
Small NII (times)2.16x
RII (times)2.16x
Employee (times)
Other (times)
Total (times)2.18x