GRE Renew Enertech IPO vs Ikeda IPO

Comparison between GRE Renew Enertech IPO and Ikeda IPO.

IPO Details

GRE Renew Enertech IPO is a SME Bookbuilding IPO proposed to list at BSE SME while Ikeda IPO is a SME Bookbuilding proposed to list at BSE 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 Ikeda IPO is up to ₹0.00 Cr. The final issue price of GRE Renew Enertech IPO is ₹105.00 per share and of Ikeda IPO is .

 GRE Renew Enertech IPOIkeda IPO
Face Value₹10 per share₹10 per share
Issue Price (Lower)₹100.00 per share
Issue Price (Upper)₹105.00 per share
Issue Price (Final)₹105.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size1200 shares
Fresh Issue Size35,76,000 shares26,28,000 shares
Fresh Issue Size (Amount)up to ₹37.55 Crup to ₹0.00 Cr
OFS Issue Size0 shares10,65,600 shares
OFS Issue Size (Amount)up to ₹0.00 Crup to ₹0.00 Cr
Issue Size Total35,76,000 shares36,93,600 shares
Issue Size Total (Amount)up to ₹37.55 Crup to ₹0.00 Cr

IPO Timetable

GRE Renew Enertech IPO opens on Jan 13, 2026, while Ikeda IPO opens on . The closing date of GRE Renew Enertech IPO and Ikeda IPO is Jan 16, 2026, and , respectively.

Financials & KPIs

GRE Renew Enertech IPO P/E ratio is 15.72, as compared to Ikeda IPO P/E ratio of .

 GRE Renew Enertech IPOIkeda 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)

Period Ended30 Jun 202431 Mar 202431 Mar 202331 Mar 2022
Assets27.9824.566.973.45
Total Income41.2350.3925.13104.08
Profit After Tax3.192.980.320.22
NET Worth17.7914.602.560.81
Reserves and Surplus6.4011.750.570.36
Total Borrowing0.743.353.170.07
Amount in ₹ Crore
Promoter Shareholding (Pre-Issue)95.0654.83
Promoter Shareholding (Post-Issue)69.99
P/E Ratio15.72
Market Cap₹150.02 Cr.
ROE26.8934.78
ROCE29.6027
Debt/Equity0.050.23
EPS₹6.68
RoNW26.8931.44

Shares Offered

In the GRE Renew Enertech IPO Retail Individual Investors (RII) are offered 12,60,000 shares while in Ikeda 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 in Ikeda IPO.

 GRE Renew Enertech IPOIkeda IPO
Anchor Investor Reservation10,62,000 shares
Market Maker Reservation1,92,000 shares
QIB7,14,000 shares
NII5,40,000 shares
RII12,60,000 shares
Employee0 shares
Others
Total35,76,000 shares

Bids Received (Subscription)

GRE Renew Enertech IPO subscribed 11.62x in total, whereas Ikeda IPO subscribed .

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