GRE RENEW ENERTECH IPO – Key Details and Investment Highlights
The GRE Renew Enertech IPO is scheduled to open for subscription on January 13, 2026, and will close on January 16, 2026. This issue is a Book Built IPO, through which the company plans to raise approximately ₹40 crore, entirely through a fresh issue of equity shares with a face value of ₹10 per share. There is no Offer for Sale (OFS) component in the issue.
The price band for the GRE Renew Enertech IPO has been fixed at ₹100 to ₹105 per share. The allocation structure comprises 50% 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 basis of allotment is expected to be finalized on January 19, 2026.
From a financial performance perspective, the company reported a revenue of ₹84.37 crore in FY2025, compared to ₹92.15 crore in FY2024. Net profit stood at ₹7.03 crore in FY2025, against ₹9.91 crore in the previous financial year. Although the company witnessed a marginal decline in revenue and profitability, it continues to operate in the renewable energy segment, which offers long-term growth potential.
Considering the company’s presence in a structurally growing sector and its long-term business prospects, the GRE Renew Enertech IPO may be more suitable for long-term investors who are willing to look beyond short-term financial fluctuations.
GRE RENEW ENERTECH IPO Objectives:
The net proceeds from the GRE Renew Enertech IPO will be utilised to support the company’s expansion plans and strengthen its operational capabilities. The key objects of the issue are as follows:
- Solar Power Plant Development: An amount of ₹32.61 crore will be invested in setting up a 7.20 MW (AC) / 9.99 MW (DC) ground-mounted solar power plant, aimed at enhancing renewable energy generation capacity and ensuring sustainable long-term revenue streams.
- General Corporate Purposes: The remaining funds will be used for general corporate purposes, including meeting operational expenses, strengthening the balance sheet, and supporting strategic initiatives.
GRE RENEW ENERTECH IPO Date & Price Band 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 | Link |
| RHP Draft Prospectus | Link |
GRE RENEW ENERTECH IPO Lot Size:
The GRE Renew Enertech SME IPO has a fixed lot size, and investors must apply in multiples of the prescribed lot. The minimum and maximum investment details are as follows:
| 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 |
GRE RENEW ENERTECH IPO Allotment & Listing Date (Details)
The GRE Renew Enertech SME IPO subscription will conclude on January 16, 2026. The basis of allotment is expected to be finalized on January 19, 2026, following which successful applicants will receive equity shares in their demat accounts.
The company’s shares are proposed to be listed on the BSE SME platform, with a tentative listing date of January 21, 2026. Investors who do not receive an allotment will have their application funds unblocked or refunded as per the IPO timeline.
| 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 |
GRE RENEW ENERTECH IPO GMP Today:
The latest Grey Market Premium (GMP) of GRE Renew Enertech SME IPO stands at ₹9 per share, as of January 8, 2026, at 09:37 PM. Based on the upper price band of ₹105, the IPO’s estimated listing price is around ₹114 per share, calculated by adding the current GMP to the issue price.
This suggests an expected listing gain of approximately 8.57% per share, indicating moderate positive sentiment in the grey market ahead of the listing.
Promoters of GRE RENEW ENERTECH IPO
The company is promoted by Mr. Kamleshkumar Dahyalal Patel, Mr. Kirtikumar Kantilal Suthar, and Mr. Mukeshkumar Prahladbhai Trivedi. The promoters bring relevant industry experience and play a pivotal role in shaping the company’s strategic vision, operational execution, and long-term growth initiatives.
| Particular | Shares | % Share |
| Promoter Holding Pre Issue | 1,05,20,000 | 95.06% |
| Promoter Holding Post Issue | 1,42,88,000 | 69.99% |
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. |
GRE RENEW ENERTECH IPO– Company Financial Performance
GRE Renew Enertech operates in the renewable energy segment and has demonstrated stable financial performance, supported by its focus on sustainable power generation. While the company experienced a slight moderation in revenue and profitability in the most recent financial year, its fundamentals remain aligned with long-term sectoral growth trends.
In FY2025, the company reported a revenue of ₹84.37 crore, compared to ₹92.15 crore in FY2024. Net profit stood at ₹7.03 crore in FY2025, versus ₹9.91 crore in the previous financial year. The decline reflects short-term operational and market-related factors rather than structural weaknesses in the business.
Given its presence in the renewable energy sector and planned capacity expansion, GRE Renew Enertech is positioned for long-term growth, making the IPO more suitable for investors with a long-term investment horizon.
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 Registrar
Maashitla Securities Pvt.Ltd.
Phone: +91-11-45121795-96
Email: ipo@maashitla.com
Website: https://maashitla.com/allotment-status/public-issues
GRE RENEW ENERTECH IPO Lead Managers aka Merchant Bankers
Share India Capital Services Pvt.Ltd.
GRE RENEW ENERTECH IPO 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/
GRE Renew Enertech IPO – Frequently Asked Questions (FAQs)
Q1. When does the GRE Renew Enertech IPO open and close?
The IPO opens on January 13, 2026, and closes on January 16, 2026.
Q2. What is the price band of the IPO?
The IPO price band is ₹100 to ₹105 per share.
Q3. What type of IPO is GRE Renew Enertech?
It is a Book Built SME IPO and will be listed on the BSE SME platform.
Q4. How much is the company raising through the IPO?
The company is raising approximately ₹40 crore via a fresh issue of equity shares.
Q5. What is the allotment date of the IPO?
The basis of allotment is expected to be finalized on January 19, 2026.
Q6. When will GRE Renew Enertech shares list?
The shares are proposed to be listed on BSE SME on January 21, 2026.
Q7. What is the Grey Market Premium (GMP)?
The latest GMP is ₹9 per share as of January 8, 2026, 09:37 PM.
Q8. What is the estimated listing price?
Based on the upper price band of ₹105 and current GMP, the estimated listing price is around ₹114, indicating an expected gain of ~8.57%.
Q9. How will the IPO proceeds be used?
- ₹32.61 crore for setting up a 7.20 MW (AC) / 9.99 MW (DC) ground-mounted solar power plant
- Remaining funds for general corporate purposes
Q10. Who are the promoters of GRE Renew Enertech?
The promoters are Mr. Kamleshkumar Dahyalal Patel, Mr. Kirtikumar Kantilal Suthar, and Mr. Mukeshkumar Prahladbhai Trivedi.
Q11. What is the company’s financial performance?
The company reported revenue of ₹84.37 crore and profit of ₹7.03 crore in FY2025, compared to ₹92.15 crore revenue and ₹9.91 crore profit in FY2024.
Q12. Is this IPO suitable for long-term investment?
Considering GRE Renew Enertech’s presence in the renewable energy sector, planned capacity expansion, and long-term growth prospects, the IPO may be suitable for long-term investors, subject to individual risk assessment.
