GRE Renew Enertech IPO Details
The GRE Renew Enertech IPO is a book build issue with a total issue size of ₹40 cr GRE Renew Enertech IPO opened for subscription on Jan 13, 2026 and closed on Jan 16, 2026. GRE Renew Enertech IPO is set price band at ₹100 to ₹105 per share, with a lot size of 1200 shares. Minimum investment for Retail investors was ₹252,000.00 (at the upper price band) to apply for one lot.
The basis of allotment got finalized on Jan 19, 2026, and listed on both the NSE and BSE on Jan 21, 2026.
Maashitla Securities Pvt. Limited has been appointed as the registrar. Share India Capital Services Private Limited are the Book Running Lead Manager for the issue.
Before investing in the GRE Renew Enertech IPO, investors should review the company's financial performance, business objectives, and risk factors mentioned in the offer documents and apply before the subscription window closes.
- Price Band
- ₹ 100 – 105
- Lot Size
- 1200
- Issue Size
- ₹40 Cr
- Minimum Investment
- ₹252000 (2400 Shares)
- Listing Date
- 21 January 2026
Current GMP
₹1 (+0.95%)
*Info is indicative. Not an Investment Advice. Grey market trading is unregulated.
About GRE Renew Enertech Limited
GRE Renew Enertech Limited operates in the renewable energy sector, primarily focusing on solar energy solutions, with an additional presence in LED lighting products. The company initially began as a manufacturer of LED lighting solutions and has since strategically transitioned its core business toward solar power generation and related services.
GRE Renew Enertech offers comprehensive solar solutions, including rooftop and ground-mounted solar installations, catering to commercial, industrial, and institutional customers.
Business Model
The company operates through two primary solar deployment models:
1. CAPEX Model (EPC – Engineering, Procurement & Construction)
Under the CAPEX model, the customer invests in and owns the solar power system. GRE Renew Enertech acts as the EPC contractor, delivering end-to-end project execution, including:
- System design and engineering
- Procurement of solar modules and balance-of-system components
- Installation, construction, and commissioning
- Grid synchronization and handover
- Optional operation and maintenance (O&M) services
This model ensures complete turnkey delivery of photovoltaic (PV) plants with reliable performance and regulatory compliance.
2. RESCO Model (OPEX)
In the RESCO (Renewable Energy Service Company) model, GRE Renew Enertech invests in, owns, and operates rooftop solar systems installed at customer premises. The company generates long-term annuity income by selling solar power to customers at predetermined monthly tariffs.
While this model offers recurring revenue and customer convenience, access to low-cost financing remains a critical factor for scalability.
Products and Services
1. EPC Services
Provision of turnkey solar EPC solutions, covering the entire project lifecycle—from feasibility analysis and system design to commissioning and post-installation maintenance.
2. Rooftop Solar Systems (On-Grid)
Grid-connected solar systems designed to reduce electricity costs by supplying clean power for self-consumption, with surplus energy exported to the utility grid under applicable net-metering policies.
3. Rooftop Solar Systems (Hybrid)
Hybrid systems integrate solar panels, battery storage, and grid connectivity, ensuring uninterrupted power supply during grid outages while maximizing renewable energy utilization.
4. PV Modules
High-efficiency photovoltaic modules engineered for durability and consistent performance across diverse environmental conditions, suitable for residential, commercial, and industrial applications.
GRE Renew Enertech IPO Promoters
- Mr. Kamleshkumar Dahyalal Patel
- Mr. Kirtikumar Kantilal Suthar
- Mr. Mukeshkumar Prahladbhai Trivedi
Promoters Holding
Holding Pre Issue
95.06%
Holding Post Issue
69.99%
GRE Renew Enertech IPO Objective
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects.
- Setting up of 7.20 MW (AC) / 9.99 MW (DC) Ground Mounted Solar Power Plant
- General corporate purposes
Address / Contact Info
GRE Renew Enertech Ltd. Address
Plot no. 423,
G.I.D.C.-II
Dediyasan
Mehsana, Gujarat, 384002
Email: cs@greindia.com
Tel No.: +91 9974039300
Website:https://greindia.com/
IPO Snapshot
Book Running Lead Managers
- Share India Capital Services Private Limited
Disclaimer: This data is for informational purposes only and does not constitute investment advice. Figures shown are illustrative sample data.
Frequently Asked Questions
Everything you need to know before applying to an IPO.
GRE Renew Enertech IPO is a Book-building IPO with a total issue size of ₹40 crore. The GRE Renew Enertech IPO price band is ₹100 to 105 per share. The GRE Renew Enertech IPO subscription opens on Tue, Jan 13, 2026, and closes on Fri, Jan 16, 2026. The GRE Renew Enertech IPO will be listed on the BSE. Maashitla Securities Pvt. Limited is the registrar for the GRE Renew Enertech IPO.
The GRE Renew Enertech IPO opens on Tue, Jan 13, 2026 and closes on Fri, Jan 16, 2026
GRE Renew Enertech IPO Price Band is ₹100 to 105 per share.
GRE Renew Enertech IPO lot size is 1200 shares, Retail investors need a minimum investment of ₹252000 based on the upper price band
The minimum investment for GRE Renew Enertech IPO is ₹252000, based on one lot of 1200 shares at the upper price band of ₹105 per share.
Investors can apply for the GRE Renew Enertech IPO through the ASBA (Application Supported by Blocked Amount) facility offered by their bank or through UPI using a SEBI-registered broker or trading app. Select the desired lot size, enter your bid within the price band, and submit the application before Fri, Jan 16, 2026. The application amount remains blocked until the GRE Renew Enertech IPO allotment is finalized.
GRE Renew Enertech IPO issue size is ₹40 crores.
GRE Renew Enertech IPO allotment date is Wed, Jul 1, 2026.
The registrar for GRE Renew Enertech IPO is Maashitla Securities Pvt. Limited. Investors can go to Maashitla Securities Pvt. Limited website to check GRE Renew Enertech IPO allotment status, refund processing, and other IPO-related information.
The GRE Renew Enertech IPO GMP (Grey Market Premium) is ₹1 as of Wed, Jan 21, 2026. Based on the upper price band of ₹105 per share, the estimated GRE Renew Enertech IPO listing price is ₹106, indicating a potential listing gain of approximately 0% over the issue price.