GRE Renew Enertech
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GRE Renew Enertech IPO is scheduled to open for subscription on January 13, 2026, and will close on January 16, 2026. The issue is a book-built IPO, through which the company aims to raise approximately ₹40 crore. The entire issue consists of a fresh issue worth ₹40 crore, along with an offer for sale of equity shares having a face value of ₹10 per share.
The price band for GRE Renew Enertech IPO has been fixed between ₹100 and ₹105 per share. The allocation structure includes 35% for retail investors, 50% for QIBs, and 15% for HNIs. The shares are proposed to be listed on the BSE SME platform on January 21, 2026, while the IPO allotment is expected on January 19, 2026.
On the financial front, the company reported revenue of ₹84.37 crore in FY2025, compared to ₹92.15 crore in FY2024. Net profit stood at ₹7.03 crore in FY2025, down from ₹9.91 crore in the previous year. Based on its financial performance and business outlook, the IPO may be considered by investors with a long-term investment horizon.
About GRE Renew Enertech IPO
Founded in 2006, GRE Renew Enertech Limited operates in the renewable energy space, offering rooftop and ground-mounted solar power solutions primarily to industrial and commercial clients. The company’s operations are structured around two key business models: CAPEX and RESCO.
Under the CAPEX model, GRE Renew Enertech handles the engineering, procurement, construction, and operation of solar power projects. In the RESCO model, the company partners with rooftop owners by installing and managing solar systems on their premises under long-term agreements.
In addition to solar solutions, the company also manufactures LED lighting products. However, in recent years, its strategic focus has shifted largely toward solar energy projects. GRE Renew Enertech aims to establish itself as a reliable and high-quality solar solutions provider for industrial and commercial customers.
GRE Renew Enertech IPO – Financial Performance Overview
GRE Renew Enertech Limited has shown stable financial performance over recent years. In FY2023, the company reported revenue of ₹53.11 crore with a profit after tax (PAT) of ₹0.89 crore. Revenue increased significantly to ₹92.15 crore in FY2024, while profitability improved to ₹9.91 crore, reflecting stronger operational efficiency.
In FY2025, revenue stood at ₹84.37 crore, with PAT of ₹7.03 crore, indicating consistent earnings despite a slight decline in topline. For the period ended September 2025, the company recorded revenue of ₹43.98 crore and a PAT of ₹4.00 crore, showing steady performance on a half-year basis.
Overall, the company maintains a healthy balance between revenue growth and profitability, supported by controlled expenses and a stable asset base.
GRE Renew Enertech IPO 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 | https://www.bsesme.com/download/360109/SME_IPO%20InPrinciple/GRE_DRHP_29.09.2025_6PM_QR_20250929185545.pdf |
RHP Draft Prospectus | https://greindia.com/wp-content/uploads/2026/01/RHP-03-01-2026-With-QR_New.pdf |
GRE Renew Enertech IPO Market Lot
The GRE Renew Enertech IPO minimum market lot is 2,400 shares with ₹2,52,000 application amount.
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 |
IPO Reservation
Investor Category | Share Offered | -% Shares |
Anchor Investor | 10,62,000 Shares | 28.18% |
QIB (Ex. Anchor) | 7,14,000 Shares | 18.95% |
NII Shares Offered | 5,40,000 Shares | 14.33% |
Retail Shares Offered | 12,60,000 Shares | 33.44% |
Objects of the Issue & Utilisation of proceeds
Purpose | Crores |
Setting up of 7.20 MW (AC) / 9.99 MW (DC) Ground Mounted Solar Power Plant | 32.61 |
General corporate purposes | – |