GRE Renew Enertech IPO
GRE Renew Enertech IPO Details
-
Open Date
13 Jan 2026
-
Close Date
16 Jan 2026
-
Listing Date
21 Jan 2026
- IPO Price Range
₹ 100 to ₹105
- IPO Size
₹ 40 Cr
- Listing Exchange
BSE SME
GRE Renew Enertech IPO Timeline
GRE Renew Enertech IPO Subscription Status
| Date | QIB | NII | Retail | TOTAL |
|---|---|---|---|---|
| 13-Jan-2026 | 7.04 | 0.48 | 0.32 | 2.26 |
| 14-Jan-2026 | 7.04 | 1.24 | 0.81 | 2.67 |
| 16-Jan-2026 | 14.69 | 24.67 | 14.10 | 16.53 |
Last Updated: 16 January 2026 6:29 PM by 5paisa
GRE Renew Enertech Limited operates in the renewable energy solutions space, focusing on the design and manufacture of technology-driven electronic and energy-related products. The company builds on a strong operational foundation with structured processes and a scalable business model, supporting its transition into a growth-oriented public enterprise aligned with evolving energy and sustainability needs.
Established in: 2008
Managing Director: Kamleshkumar Dahyalal Patel
Peers:
Oriana Power Limited
Zodiac Energy Limited
GRE Renew Enertech Objectives
1. Setting up a 7.20 MW (AC) / 9.99 MW (DC) ground-mounted solar power plant ₹32.61 Cr
2. Utilisation of funds for general corporate purposes
GRE Renew Enertech IPO Size
| Types | Size |
|---|---|
| Total IPO Size | ₹40 Cr |
| Offer For Sale | - |
| Fresh Issue | ₹40 Cr |
GRE Renew Enertech IPO Lot Size
| Application | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 2 | 2400 | 2,40,00 |
| Retail (Max) | 2 | 2400 | 2,52,00 |
| S-HNI (Min) | 3 | 3600 | 3,60,000 |
| S-HNI (MAX) | 7 | 8400 | 8,82,000 |
| B-HNI (Min) | 8 | 9600 | 9,60,000 |
GRE Renew Enertech IPO Reservation
| Investors Category | Subscription (times) | Shares Offered* | Shares bid for | Total Amount (Cr.)* |
|---|---|---|---|---|
| QIB (Ex Anchor) | 14.69 | 7,14,000 | 1,04,85,600 | 110.10 |
| Non-Institutional Buyers | 24.67 | 5,40,000 | 1,33,21,200 | 139.87 |
| bNII (bids above ₹10L) | 27.99 | 1,80,000 | 1,00,77,600 | 105.81 |
| sNII (bids below ₹10L) | 18.02 | 1,80,000 | 32,43,600 | 34.06 |
| Individual Investors (IND category bidding for 2 Lots) | 14.10 | 12,60,000 | 1,77,60,000 | 186.48 |
| Total** | 16.53 | 25,14,000 | 4,15,66,800 | 436.45 |
*The "Shares Offered" and "Total Amount" are calculated using the upper limit of the issue price range.
**Shares allocated to anchor investors (or market makers) are excluded from the total number of shares offered.
| Particulars (In ₹ Crores) | FY23 | FY24 | FY25 |
| Revenue | 53.10 | 92.15 | 84.37 |
| EBITDA | 1.31 | 11.47 | 9.48 |
| PAT | 7.02 | 9.90 | 0.11 |
| Particulars (In ₹ Crores) | FY23 | FY24 | FY25 |
| Total Assets | 51.64 | 49.12 | 45.46 |
| Share Capital | 1.25 | 1.25 | 10.52 |
| Total Liabilities | 51.64 | 49.12 | 45.46 |
| Cash Flows (₹ Crores) | FY23 | FY24 | FY25 |
| Net Cash Generated From / (used in) Operating Activities | -2.86 | 5.81 | 10.65 |
| Net Cash Generated From / (used in) Investing Activities | 5.96 | -0.63 | -10.22 |
| Net Cash Generated From / (used in) Financing Activities | -3.34 | -0.57 | -0.04 |
| Net Increase (Decrease) in Cash and Cash Equivalents | -0.24 | 4.60 | 0.38 |
Strengths
1. Seasoned leadership with deep industry expertise
2. Continuous training initiatives to enhance O&M capabilities
3. Healthy order pipeline supported by strong policy tailwinds
4. Round-the-clock, high-quality customer support framework
Weaknesses
1. Regulatory changes impacting business operations
2. Higher taxes and adverse fiscal policies
3. Political instability affecting economic environment
4. Inaccurate macroeconomic or industry data
Opportunities
1. Strong policy-led growth in India’s renewable energy ecosystem
2. Rising demand for solar and wind capacity additions
3. Expansion supported by large-scale clean energy investments
4. Increasing focus on sustainable and low-carbon power solutions
Threats
1. Restrictions on foreign investment inflows
2. Weak infrastructure impacting operational efficiency
3. Sovereign rating downgrade affecting fundraising
4. Terrorism or civil unrest impacting markets
1. Strong alignment with India’s renewable energy targets and long-term net-zero roadmap
2. Operating in a rapidly expanding clean energy market backed by a robust project pipeline
3. Dual revenue model (EPC + RESCO) offering both execution-led and annuity-based income
4. End-to-end solar solutions portfolio spanning EPC, rooftop systems, and PV modules
1. Rising renewable capacity additions improving sector visibility
2. Budgetary support accelerating solar and clean power adoption
3. Increased participation from large energy and utility players
4. Strong long-term demand driven by India’s energy transition
Open Free Demat Account
Be a part of 5paisa community - The first listed discount broker of India.
By proceeding, you agree to all T&C*
FAQs
GRE Renew Enertech IPO opens from January 13, 2026 to January 16, 2026.
The size of GRE Renew Enertech IPO is approximately ₹40.
The price band of GRE Renew Enertech IPO is fixed at ₹100 to ₹105 per share.
To apply for GRE Renew Enertech IPO, follow the steps given below:
● Login to your 5paisa demat account and select the issue in the current IPO section
● Enter the number of lots and the price at which you wish to apply for the GRE Renew Enertech. IPO.
● Enter your UPI ID and click on submit. With this, your bid will be placed with the exchange.
You will receive a mandate notification to block funds in your UPI app.
The minimum lot size is TBA shares, requiring an investment of approximately ₹2400.
The share allotment date of GRE Renew Enertech IPO is January 19, 2026.
The GRE Renew Enertech IPO will likely be listed on January 21, 2026.
Share India Capital Services Pvt.Ltd. is the book-running lead manager.
1. Development of a 7.20 MW (AC) / 9.99 MW (DC) ground-mounted solar plant
2. Funds allocated for general corporate needs