How to Check GRE Renew Enertech IPO Allotment Status

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 includes CAPEX Model (EPC) (Engineering, Procurement and Construction) where the company follows the CAPEX model, where consumers own and fund solar systems, while EPC services manage engineering, procurement, construction, and commissioning, ensuring complete PV plant delivery and grid connection. It also follows RESCO Model (Opex) where the company uses the RESCO model, where it funds and owns rooftop solar systems, earning annuity income while consumers pay monthly tariffs, though securing low-cost capital remains a key challenge.

Products and services include EPC (Engineering, Procurement, and Construction) providing turnkey solar solutions from design to commissioning, including operation and maintenance as required, Rooftop Systems (On-Grid) with grid-tied solar systems that reduce electricity bills by supplying power and feeding excess to the grid, Solar Rooftop Systems (Hybrid) that combine solar panels, batteries, and grid access to ensure a continuous, eco-friendly power supply anytime, and PV Module with high-efficiency, reliable solar modules suitable for various applications with strong performance in all conditions. As of September 30, 2025, GRE Renew Enertech had total assets of ₹42.77 crore.

The GRE Renew Enertech IPO came with a total issue size of ₹39.56 crore, comprising entirely a fresh issue of ₹39.56 crore. The IPO opened on January 13, 2026, and closed on January 16, 2026. The allotment is expected on Monday, January 19, 2026. The share price band was set at ₹100 to ₹105 per share.

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Steps to Check GRE Renew Enertech IPO Allotment Status on Registrar Site

• Visit the Maashitla Securities Pvt. Ltd. 
• Select "GRE Renew Enertech" from the dropdown menu on the allotment status page
• Enter your PAN ID, Demat Account Number, or Application Number in the designated field
• Complete the captcha verification process and click on the "Submit" button to view your allotment status

Steps to Check GRE Renew Enertech IPO Allotment Status on BSE

• Navigate to the BSE IPO Allotment Status Page
• Select the issue type: equity/debt
• Choose "GRE Renew Enertech" from the list of active IPOs in the dropdown menu
• Input your Application Number and PAN ID in the required fields
• Verify the captcha and click "Search" to check your allotment status

GRE Renew Enertech IPO received solid investor interest, being subscribed 16.49 times overall. Below is the detailed subscription status as of 4:49:54 PM on January 16, 2026.

GRE Renew Enertech IPO Subscription Status

Category-wise Final Subscription:
QIB Category (Ex Anchor): 14.69 times
Non-Institutional Investors (NII): 24.66 times
Retail Investors: 14.02 times

GRE Renew Enertech IPO Share Price and Investment Details

The minimum investment required was ₹2,52,000 for 2 lots (2,400 shares). The issue raised ₹11.15 crore from anchor investors. Given the solid subscription of 16.49 times, with strong institutional, NII, and retail participation, the share price is expected to list with a premium.

Utilisation of IPO Proceeds

The proceeds will be utilized for setting up a 7.20 MW (AC) / 9.99 MW (DC) Ground Mounted Solar Power Plant costing ₹32.61 crore, along with funding general corporate purposes.

Business Overview

GRE Renew Enertech Limited is an emerging player in rooftop and ground-mounted solar solutions and has diversified into LED manufacturing. The company maintains strong financial metrics with a 26.89% ROE and a low debt-equity ratio of 0.05.

Key strengths include an experienced management team, training and skill development programs, a visible order book, favorable national policy support, 24/7 premium support systems, and a strong ESG (Environment, Social, and Governance) focus. Investors should note the post-issue P/E ratio of 18.75 and Price to Book Value of 3.54.