What Is the GRE Renew Enertech IPO?
The GRE Renew Enertech IPO refers to the initial public offering of GRE Renew Enertech Limited, a company primarily engaged in providing solar energy solutions to industrial and commercial customers in India.
The company operates across the renewable energy value chain, focusing on the design, engineering, procurement, construction, operation, and maintenance of rooftop and selective ground-mounted solar power projects. The GRE Renew Enertech IPO is positioned within India’s growing renewable and clean energy ecosystem.
GRE Renew Enertech IPO Dates – Open, Close & Listing Schedule
GRE Renew Enertech IPO Important Dates
| Event | Date |
|---|---|
| IPO Open Date | 13 January 2026 |
| IPO Close Date | 16 January 2026 |
| Basis of Allotment | 19 January 2026 (Tentative) |
| Refund Initiation | To be announced |
| Shares Credit to Demat | To be announced |
| Tentative Listing Date | 21 January 2026 |
The GRE Renew Enertech IPO bidding dates are from 13 Jan ’26 to 16 Jan ’26.
GRE Renew Enertech IPO Price Band, Lot Size & Minimum Investment
Price & Investment Details
| Particular | Details |
|---|---|
| Price Band | ₹100 – ₹105 per share |
| Face Value | ₹10 per share |
| Lot Size | 1,200 shares |
| Minimum Investment | ₹2,40,000 (approx.) |
Retail investors must apply for a minimum of one lot (1,200 shares).
GRE Renew Enertech IPO Size & Issue Details
| Particular | Details |
|---|---|
| Issue Size | ₹39.56 crore |
| Issue Type | As per RHP |
| IPO Document | RHP (Red Herring Prospectus) |
| Listing Exchange | NSE / BSE (expected) |
The relatively smaller issue size places the GRE Renew Enertech IPO in the SME / emerging company category.
About GRE Renew Enertech Limited
GRE Renew Enertech Limited is engaged in the renewable energy sector with a focus on solar power solutions for industrial and commercial customers.
Business Operations
The company operates under two primary business models:
- CAPEX Model
Under this model, customers invest in solar project assets, while the company handles engineering, procurement, construction, and operational responsibilities. - RESCO Model
Under the RESCO model, the company develops, owns, and operates solar installations and supplies electricity to customers at pre-agreed tariffs over the contract period.
Additional Business Segments
- Manufacturing of LED lighting solutions for indoor and outdoor use
- Export segment operations
- Foreign subsidiary DK USA Inc., operating independently in departmental stores, convenience stores, and gas station operations in the United States
The company operates through three divisions:
- Solar segment
- LED segment
- Export segment
Operations are currently concentrated mainly in Gujarat.
GRE Renew Enertech Financial Performance
Revenue, EBITDA & Profit After Tax
(As per disclosures available in the RHP)
| Financial Year | Revenue (₹ Cr) | EBITDA (₹ Cr) | PAT (₹ Cr) |
|---|---|---|---|
| FY22 | To be disclosed | ||
| FY23 | To be disclosed | ||
| FY24 | To be disclosed |
Detailed year-by-year financials will be updated once full audited numbers are available in the final prospectus.
GRE Renew Enertech IPO Review – Strengths & Risks
Key Strengths
- Exposure to India’s growing solar and renewable energy sector
- Presence in both CAPEX and RESCO solar business models
- Diversified operations including LED and export segments
- Focus on industrial and commercial clients
Key Risks
- Capital-intensive nature of renewable projects
- Dependence on policy support and tariff structures
- Geographic concentration of operations
- Competition in the solar EPC and RESCO space
GRE Renew Enertech IPO GMP
The GRE Renew Enertech IPO GMP (Grey Market Premium) will be available closer to the IPO opening date. GMP reflects unofficial market sentiment and should not be considered a guarantee of listing performance.
GRE Renew Enertech IPO Listing Price Expectations
The GRE Renew Enertech IPO listing price will depend on:
- Final subscription levels
- Market conditions during listing
- Investor demand across categories
The stock may list at a premium, discount, or flat relative to the issue price.
GRE Renew Enertech IPO – Key Highlights
- IPO opens on 13 January 2026
- Price band: ₹100 – ₹105
- Lot size: 1,200 shares
- Minimum investment: ₹2.40 lakh
- Issue size: ₹39.56 crore
- Tentative listing: 21 January 2026
- Operates in the renewable energy and solar sector
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