GRE Renew Enertech IPO: The renewable energy sector in India is witnessing a massive surge, and the latest player to hit the primary market is GRE Renew Enertech Limited. Operating in the solar EPC (Engineering, Procurement, and Construction) and LED lighting space, the company’s IPO is set to open on January 13, 2026.
In this guide, Ipostatus.co.in break down everything you need to know: from financial health and price bands to the tentative allotment dates and listing potential.
GRE Renew Enertech IPO Overview
The GRE Renew Enertech IPO is a book-built issue worth approximately ₹39.56 Crore. The issue consists entirely of a fresh issue of 37.68 lakh shares, meaning the proceeds will go directly toward the company’s growth and solar plant projects.
| Key Feature | Details |
| IPO Opening Date | January 13, 2026 |
| IPO Closing Date | January 16, 2026 |
| Price Band | ₹100 to ₹105 per share |
| Face Value | ₹10 per share |
| Lot Size | 1,200 Shares |
| Total Issue Size | ₹39.56 Cr (Fresh Issue) |
| Listing At | BSE SME |
Important Dates & Timeline
Investors should mark their calendars for the following tentative schedule to ensure they don’t miss the bidding or allotment window.
- IPO Open Date: Tuesday, January 13, 2026
- IPO Close Date: Friday, January 16, 2026
- Basis of Allotment: Monday, January 19, 2026
- Initiation of Refunds: Tuesday, January 20, 2026
- Credit of Shares to Demat: Tuesday, January 20, 2026
- Listing Date: Wednesday, January 21, 2026
Investment Lot Size
For retail investors, the minimum application is for 2 lots, which at the upper price band requires an investment of ₹2,52,000.
| Application Category | Lots | Shares | Amount (at ₹105) |
| 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 |
| B-HNI (Minimum) | 8 | 9,600 | ₹10,08,000 |
GRE Renew Enertech Financial Performance
Before investing, it is crucial to analyze the company’s financial trajectory. GRE Renew Enertech has shown a stable presence in the solar market, though FY25 saw a slight dip in revenue compared to the previous year.
(Figures in ₹ Crores) | Period Ended | Total Assets | Total Revenue | Profit After Tax | Net Worth | | :— | :— | :— | :— | :— | | 31-Mar-2023 | 51.65 | 53.11 | 0.89 | 11.14 | | 31-Mar-2024 | 49.12 | 92.15 | 9.91 | 21.03 | | 31-Mar-2025 | 45.46 | 84.37 | 7.03 | 31.23 | | 30-Sep-2025 (H1)| 42.77 | 43.98 | 4.00 | 35.22 |
Analysis: The company maintains a healthy Return on Equity (ROE) of 26.89% and a Debt-to-Equity ratio of 0.05, making it virtually debt-free.
GRE Renew Enertech IPO Review: Should You Subscribe?
Pros (Strengths)
- Debt-Free Status: The company has significantly reduced its debt, providing a strong balance sheet.
- Renewable Tailwinds: Solar energy is a high-priority sector for the Indian government, ensuring a steady project pipeline.
- Dual Business Model: Operates under both CAPEX (direct sales) and RESCO (annuity income) models.
Cons (Risks)
Revenue Concentration: A significant portion of revenue comes from projects in Gujarat, making it vulnerable to regional policy changes.
- SME Volatility: Being an SME IPO, liquidity might be lower compared to mainboard IPOs.
- Competitive Bidding: The solar EPC market is highly fragmented with intense price competition.
Final Verdict: Well-informed investors looking for long-term exposure to the renewable energy sector may find this an interesting opportunity. However, given the SME nature, risk-averse investors should proceed with caution.
How to Check GRE Renew Enertech IPO Allotment Status
Once the subscription period ends, you can check your allotment status on the website of the official registrar, Maashitla Securities Private Limited.
- Visit the Maashitla Securities Allotment Page.
- Select “GRE Renew Enertech Limited” from the dropdown menu.
- Enter your PAN Number or Application Number.
- Click on Search to view your allotment status.
Frequently Asked Questions (FAQs)
1. What is the GRE Renew Enertech IPO GMP today? As of today, the Gray Market Premium (GMP) is hovering around ₹7-₹10, suggesting a modest listing gain of approximately 7-9%.
2. Where will the IPO be listed? The shares are proposed to be listed on the BSE SME platform.
3. Who is the Lead Manager for the issue? Share India Capital Services Private Limited is the sole Book Running Lead Manager.
Disclaimer: IPO investments are subject to market risks. Please read the Red Herring Prospectus (RHP) carefully and consult your financial advisor before investing.
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