BSE SME Bookbuilding IPO Fresh Capital Closed
GRE Renew Enertech Ltd IPO 2026
₹105
Issue Price
+₹8
GMP Today
37,68,000 (100.00%)
Total Shares Offered
₹113
Est. Listing
📅
Open Date
2026-01-13
📅
Close Date
2026-01-16
🎟️
Allotment
2026-01-19
⚡
UPI Mandate
TBA
📱
Listing Date
2026-01-21
🔗
Script Code
TBA
Grey Market Premium (GMP)
LIVE
Current GMP
+₹8
+7.62% vs Issue Price
Estimated Listing: ₹113
Issue Price: ₹105
· Lot: 1,200 shares
Expected P&L (1 lot):
+₹9,600
on ₹126,000
GMP is unofficial grey market data. It does not guarantee listing price or returns.
Financial Overview
Amount in ₹ Crore
| Metric | 30 Sep 2025 | 31 Mar 2025 | 31 Mar 2024 |
|---|---|---|---|
| Revenue | 43.98 | 84.37 | 92.15 |
| Profit After Tax | 4.00 | 7.03 | 9.91 |
| EBITDA | 5.72 | 9.48 | 11.48 |
| Net Worth | 35.22 | 31.23 | 21.03 |
| Total Assets | 42.77 | 45.46 | 49.12 |
| Reserves & Surplus | 24.70 | 20.71 | 19.78 |
| Total Borrowings | 1.45 | 1.59 | 4.57 |
Key Financial Ratios
12.04%
ROE
Return on Equity
15.30%
ROCE
Return on Capital Employed
12.04%
RONW
Return on Net Worth
9.13
PAT Margin
PAT / Revenue
13.06
EBITDA Mgn
EBITDA / Revenue
0.04
D/E Ratio
Debt to Equity
Issue Details
Total Shares Offered
37,68,000 (100.00%)
Net Offer to Public
35,76,000 shares (agg. up to ₹38 Cr)
Market Maker Reservation
1,92,000 shares (agg. up to ₹2 Cr)
Pre-Issue Shareholding
1,05,20,000 shares%
Post-Issue Shareholding
1,42,88,000 shares%
Issue Price
₹105
Face Value
₹10
Lot Size
1,200 shares
Listing Exchange
BSE SME
Issue Type
Bookbuilding IPO
Objects of Issue
Setting up of 7.20 MW (AC) / 9.99 MW (DC) Ground Mounted Solar Power Plant
General corporate purposes
Lead Managers
Share India Capital Services Pvt.Ltd
IPO Timeline
Open
2026-01-13
Close
2026-01-16
Allotment
2026-01-19
Listing
2026-01-21
Registrar Details
Company Information
Website
Email
cs@greindia.com
Phone
+91 9974039300
Address
Plot no. 423, G.I.D.C.-II Dediyasan Mehsana, Gujarat, 384002
About GRE Renew Enertech Ltd
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:
- CAPEX Model (EPC) (Engineering, Procurement and Construction): 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.
- RESCO Model (Opex): 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:
- EPC (Engineering, Procurement, and Construction):Turnkey solar solutions from design to commissioning, including operation and maintenance as required.
- Rooftop Systems (On-Grid):Grid-tied solar systems reduce electricity bills by supplying power and feeding excess to the grid.
- Solar Rooftop Systems (Hybrid):Combines solar panels, batteries, and grid access to ensure a continuous, eco-friendly power supply anytime.
- PV Module:High-efficiency, reliable solar modules suitable for various applications with strong performance in all conditions.
Competitive Strengths:
- Experience Management Team
- Training and Skill development programs to strengthen Operation & Maintenance Team
- Existing number, visible order book, and favourable national policy support
- 24/7 Premium Support System
- ESG (Environment, Social and Governance)
Quick Facts
GMP Signal
Bullish 🚀
Status
Closed
Issue Price
₹105
Lot Size
1,200 sh
Est. Listing
₹113
Pre-Issue Hold.
1,05,20,000 shares%
Post-Issue Hold.
1,42,88,000 shares%
Registrar
Maashitla Securities Pvt.Ltd
GMP Profit Calculator
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GMP %
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