GRE Renew Enertech IPO Description – Incorporated in 2008, GRE Renew Enertech is a Gujarat-based renewable energy solutions provider with a strong focus on solar power systems for industrial and commercial applications. Over more than two decades of operations, GRE Renew Enertech has evolved from an electrical and electronic components business into a diversified player in the renewable energy sector. The company primarily engages in the design, engineering, procurement, installation, and commissioning of solar power systems catering to industrial, commercial, and institutional clients. It emphasizes high-quality execution, technical expertise, and sustainable energy solutions tailored to customer requirements.
With an EPC project portfolio exceeding 61 MW across India—comprising over 52 MW of ground-mounted and 9 MW of rooftop projects—GRE Renew Enertech has built a strong reputation for quality execution and operational excellence. The company benefits from a favourable policy environment, including the Government of India’s INR 19,500 crore Production Linked Incentive (PLI) scheme for high-efficiency solar module manufacturing and national targets to increase renewable energy generation to 44% by 2029–30.
As of 31 August 2025, GRE Renew Enertech had 46 employees.
Promoters of GRE Renew Enertech – Mr. Kamleshkumar Dahyalal Patel, Mr. Kirtikumar Kantilal Suthar and Mr. Mukeshkumar Prahladbhai Trivedi
Table of Contents
GRE Renew Enertech IPO Details
| GRE Renew Enertech IPO Dates | 13 – 16 January 2026 |
| GRE Renew Enertech Issue Price | INR 100 – 105 per share |
| Fresh Issue | 37,68,000 shares (INR 37.68 – 39.56 crore) |
| Offer For Sale | Nil |
| Total IPO Size | 37,68,000 shares (INR 37.68 – 39.56 crore) |
| Minimum Bid | 2,400 shares (INR 1,52,000) |
| Lot Size | 1,200 shares (INR 1,26,000) |
| Face Value | INR 10 per share |
| Individual Allocation | 35% |
| Listing On | BSE SME |
GRE Renew Enertech Financial Performance
| FY 2023 | FY 2024 | FY 2025 | H1 FY 2026 | |
| Revenue | 52.22 | 90.34 | 83.72 | 43.80 |
| Expenses | 51.59 | 79.52 | 74.91 | 38.59 |
| Net income | 0.89 | 9.90 | 7.03 | 4.00 |
GRE Renew Enertech Offer News
- GRE Renew Enertech RHP
- GRE Renew Enertech Draft Prospectus
- ASBA IPO Forms
- Live IPO Subscription Status
- Highest SME IPO Subscription in 2025
GRE Renew Enertech Valuations & Margins
| FY 2023 | FY 2024 | FY 2025 | |
| EPS | 0.89 | 9.91 | 6.71 |
| PE ratio | – | – | 14.90 – 15.65 |
| RONW (%) | 8.54 | 61.58 | 26.89 |
| NAV | 11.14 | 21.03 | 29.80 |
| ROCE (%) | 11.56 | 51.04 | 29.60 |
| EBITDA (%) | 2.52 | 12.71 | 11.33 |
| Debt/Equity | 0.43 | 0.22 | 0.05 |
GRE Renew Enertech IPO GMP Today
| Date | Consolidated IPO GMP | Subject to Sauda |
| 7 January 2026 | 9 | 8,300 |
| 6 January 2026 | 9 | 8,300 |
GRE Renew Enertech IPO Subscription – Live Updates
Coming soon
The market maker reservation portion of () shares and the anchor investor portion of () shares are not included in the above calculations.
GRE Renew Enertech IPO Allotment Status
GRE Renew Enertech IPO allotment status will be available on the Maashitla Securities website. Click on this link to get the allotment status.
GRE Renew Enertech IPO Dates & Listing Performance
| IPO Opening Date | 13 January 2026 |
| IPO Closing Date | 16 January 2026 |
| Finalization of Basis of Allotment | 19 January 2026 |
| Initiation of refunds | 20 January 2026 |
| Transfer of shares to demat accounts | 20 January 2026 |
| IPO Listing Date | 21 January 2026 |
| Opening Price on BSE SME | Coming soon |
| Closing Price on BSE SME | Coming soon |
GRE Renew Enertech Offer Lead Manager
SHARE INDIA CAPITAL SERVICES PRIVATE LIMITED
A-25, Basement, Sector-64, Noida – 201301
Phone: +91-120-6483000
Email: [email protected]
Website: www.shareindia.com
GRE Renew Enertech Offer Registrar
MAASHITLA SECURITIES PRIVATE LIMITED
451, Krishna Apra Business Square,
Netaji Subhash Place, Pitampura, Delhi110034
Tel: +91 1145121795
E-mail: [email protected]
Website: www.maashitla.com
GRE Renew Enertech Contact Details
GRE RENEW ENERTECH LIMITED
B-1104/1105, Empire Business Hub,
Near Shukan Mall, Science City Road, Sola, Ahmedabad-380060
Phone: 77779 83683
E-mail: [email protected]
Website: www.greindia.com
IPO FAQs
What is the GRE Renew Enertech offer size?
GRE Renew Enertech offer size is INR 37.68 – 39.56 crores.
What is the GRE Renew Enertech offer price band?
GRE Renew Enertech public offer price is INR 100 – 105 per share.
What is the lot size of the GRE Renew Enertech IPO?
GRE Renew Enertech offer lot size is 1,200 shares.
What is the GRE Renew Enertech IPO GMP today?
GRE Renew Enertech IPO GMP today is INR 9 per share.
What is the GRE Renew Enertech kostak rate today?
GRE Renew Enertech kostak rate today is INR NA per application.
What is the GRE Renew Enertech IPO Subject to Sauda rate today?
GRE Renew Enertech Subject to Sauda rate today is INR 8,300 per application.