Bookbuilding IPO | ₹40 Cr | Listed at BSE SME | Tue, Jan 13, 2026 - Fri, Jan 16, 2026
GRE Renew Enertech IPO is a book build issue of ₹39.56 crores. The issue is entirely a fresh issue of 0.38 crore shares of ₹39.56 crore.
GRE Renew Enertech IPO bidding started from Jan 13, 2026 and ended on Jan 16, 2026. The allotment for GRE Renew Enertech IPO was finalized on Jan 19, 2026. The shares got listed on BSE SME on Jan 21, 2026.
GRE Renew Enertech IPO price band is set at ₹105 per share. The lot size for an application is 1,200. The minimum amount of investment required by an individual investor (retail) is ₹2,52,000 (2,400 shares) (based on upper price). The minimum lot size for investment in HNI is 3 lots (3,600 shares), amounting to ₹3,78,000.
Share India Capital Services Pvt.Ltd. is the book running lead manager and Maashitla Securities Pvt.Ltd. is the registrar of the issue. The Market Maker of the company is Share India Securities Ltd..
Refer to GRE Renew Enertech IPO RHP for detailed Information.
IPO Open
Tue, Jan 13, 2026
IPO Close
Fri, Jan 16, 2026
Issue Price
₹105 per share
Market Cap (Pre-IPO)
₹150.02 Cr
| IPO Date | 13 to 16 Jan, 2026 |
| Listed on | Wed, Jan 21, 2026 |
| Face Value | ₹10 per share |
| Price Band | ₹100 to ₹105 |
| Issue Price | ₹105 per share |
| Lot Size | 1,200 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE SME |
| Total Issue Size | 37,68,000 shares (agg. up to ₹40 Cr) |
| Reserved for Market Maker | 1,92,000 shares Share India Securities Ltd. (agg. up to ₹2 Cr) |
| Fresh Issue (Ex Market Maker) | 35,76,000 shares (agg. up to ₹38 Cr) |
| Net Offered to Public | 35,76,000 shares (agg. up to ₹38 Cr) |
| Share Holding Pre Issue | 1,05,20,000 shares |
| Share Holding Post Issue | 1,42,88,000 shares |
| BSE Script Code | 544682 |
| ISIN | INE0U8P01015 |
GRE Renew Enertech IPO comprises a total issue size of 37,68,000 shares. The net offer to the public is 35,76,000 shares, after excluding 1,92,000 shares allotted on a firm basis. Of the Net offer 17,76,000 (49.66%) are allocated to QIB, 5,40,000 (15.10%) allocated to NII 12,60,000 (35.23%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| QIB Shares Offered | 17,76,000 | 49.66% | 47.13% |
| − Anchor Investor Shares Offered | 10,62,000 | 28.18% | |
| − QIB (Ex. Anchor) Shares Offered | 7,14,000 | 18.95% | |
| NII (HNI) Shares Offered | 5,40,000 | 15.10% | 14.33% |
| − bNII > ₹10L | 3,60,000 | 9.55% | |
| − sNII < ₹10L | 1,80,000 | 4.78% | |
| Retail Shares Offered | 12,60,000 | 35.23% | 33.44% |
| Firm Reservations | |||
| Market Maker Shares Offered | 1,92,000 | 5.10% | |
| Total Shares Offered | 37,68,000 | 100.00% | 100.00% |
Investors can bid for a minimum of 2,400 shares and in multiples of 1,200 shares thereof.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Individual investors (Retail) (Min) | 2 | 2,400 | ₹2,52,000 |
| Individual investors (Retail) (Max) | 2 | 2,400 | ₹2,52,000 |
| S-HNI (Min) | 3 | 3,600 | ₹3,78,000 |
| S-HNI (Max) | 7 | 8,400 | ₹8,82,000 |
| B-HNI (Min) | 8 | 9,600 | ₹10,08,000 |
GRE Renew Enertech IPO raises ₹11.15 crore from anchor investors. GRE Renew Enertech IPO Anchor bid date is January 12, 2026.
📝 Anchor Investors Letter (PDF)
| Bid Date | Mon, Jan 12, 2026 |
| Shares Offered | 10,62,000 |
| Anchor Portion (₹ Cr.) | 11.15 |
| Anchor lock-in period end date for 50% shares (30 Days) | Wed, Feb 18, 2026 |
| Anchor lock-in period end date for remaining shares (90 Days) | Sun, Apr 19, 2026 |
GRE Renew Enertech Limited is engaged in the business of solar energy solutions and LED lighting products.
They offer rooftop and ground-mounted solar installations, as well as indoor and outdoor LED lighting solutions.
The company, originally a manufacturer of LED lighting solutions, now primarily focuses on solar energy.
Business Model:
Products and services:
Competitive Strengths:
| Period Ended | 30 Sep 2025 | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
|---|---|---|---|---|
| Assets | 42.77 | 45.46 | 49.12 | 51.65 |
| Total Income | 43.98 | 84.37 | 92.15 | 53.11 |
| Profit After Tax | 4.00 | 7.03 | 9.91 | 0.89 |
| EBITDA | 5.72 | 9.48 | 11.48 | 1.31 |
| NET Worth | 35.22 | 31.23 | 21.03 | 11.14 |
| Reserves and Surplus | 24.70 | 20.71 | 19.78 | 9.89 |
| Total Borrowing | 1.45 | 1.59 | 4.57 | 4.75 |
| Amount in ₹ Crore | ||||
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Setting up of 7.20 MW (AC) / 9.99 MW (DC) Ground Mounted Solar Power Plant | 31.58 |
| 2 | General corporate purposes | 3.65 |
| KPI | Sep 30, 2025 | Mar 31, 2025 |
|---|---|---|
| ROE | 12.04% | 26.89% |
| ROCE | 15.30% | 29.60% |
| Debt/Equity | 0.04 | 0.05 |
| RoNW | 12.04% | 26.89% |
| PAT Margin | 9.13% | 8.39% |
| EBITDA Margin | 13.06% | 11.33% |
| Price to Book Value | 3.54 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (₹) | 6.68 | 5.60 |
| P/E (x) | 15.72 | 18.75 |
| Promoter Holding | 95.06% | 69.99% |
| Market Cap | ₹150.02 Cr. |
The GRE Renew Enertech IPO is subscribed 16.53 times on January 16, 2026 6:19:54 PM (Day 3). The public issue subscribed 14.10 times in the individual investors category, 14.69 times in the QIB category, and 24.67 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (x) | Shares Offered | Shares bid for | Total Applications |
|---|---|---|---|---|
| QIB (Ex Anchor) | 14.69 | 7,14,000 | 1,04,85,600 | 0 |
| NII* | 24.67 | 5,40,000 | 1,33,21,200 | 0 |
| bNII (> ₹10L) | 27.99 | 3,60,000 | 1,00,77,600 | |
| sNII (< ₹10L) | 18.02 | 1,80,000 | 32,43,600 | |
| Individual Investor | 14.10 | 12,60,000 | 1,77,60,000 | 0 |
| Total | 16.53 | 25,14,000 | 4,15,66,800 | 9,342 |
Total Applications: 9,342
*Market Maker portion is not included to NII/HNI.
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Book Running Lead Manager Fee | 0.40 |
| 2 | Underwriting Commission | 1.98 |
| 3 | Fees payable to Market maker (For Three Years) | 0.09 |
| 4 | Brokerage and selling commission | 0.00 |
| 5 | Selling & Distribution Expenses | 1.40 |
| 6 | Fees payable to Registrar to the Issue | 0.01 |
| 7 | Fees Payable for Advertising and Publishing Expenses | 0.20 |
| 8 | Fees Payable to Regulators including Stock Exchanges | 0.14 |
| 9 | Payment for Printing & Stationery, Postage, etc. | 0.01 |
| 10 | Fees Payable to Statutory Auditor, Peer review Auditor, Legal Advisors and Practicing Company Secretary | 0.04 |
| 11 | Others (Commission/processing fee for SCSBs, Syndicate, RTAs, Sponsor Bank and Banker(s) to the Issue | 0.06 |
| Price Details | BSE SME |
|---|---|
| Final Issue Price | ₹105.00 |
| Open | ₹96.00 |
| Low | ₹91.20 |
| High | ₹99.00 |
| Last Trade | ₹91.20 |
Lead Manager Reports
GRE Renew Enertech IPO is a SME IPO of 37,68,000 equity shares of the face value of ₹10 aggregating up to ₹40 Crores. The issue is priced at ₹105 per share. The minimum order quantity is 1200.
The IPO opens on Tue, Jan 13, 2026, and closes on Fri, Jan 16, 2026.
Maashitla Securities Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE SME.
Zerodha customers can apply online in GRE Renew Enertech IPO using UPI as a payment gateway. Zerodha customers can apply in GRE Renew Enertech IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in GRE Renew Enertech IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The GRE Renew Enertech IPO opens on Tue, Jan 13, 2026 and closes on Fri, Jan 16, 2026.
GRE Renew Enertech IPO lot size is 1200, and the minimum amount required for application is ₹2,52,000, with 2 lots being the minimum application size.
You can apply in GRE Renew Enertech IPO online using either UPI or ASBA as a payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO Application is offered by brokers who don't offer banking services. Read more detail about applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.
The finalization of Basis of Allotment for GRE Renew Enertech IPO will be done on Monday, January 19, 2026, and the allotted shares will be credited to your demat account by Tue, Jan 20, 2026. Check the GRE Renew Enertech IPO allotment status.
The GRE Renew Enertech IPO listing date is on Wed, Jan 21, 2026.
