GRE Renew Enertech SME IPO Details, Financials, Valuation & Peers
Explore GRE Renew Enertech SME IPO details, including IPO dates, financial statements, valuation, peer comparison and more.
Overview
GRE Renew Enertech Limited operates within the solar energy solutions and LED lighting products sector. Originally a manufacturer of LED lighting, the company now primarily focuses on solar energy.
GRE Renew Enertech offers a range of solar and LED solutions, including rooftop and ground-mounted solar installations, and indoor and outdoor LED lighting. Their solar offerings encompass EPC services for complete PV plant delivery, on-grid rooftop systems that reduce electricity bills by feeding excess power to the grid, and hybrid solar rooftop systems with battery storage for continuous power supply. They also provide high-efficiency PV modules.
The company utilizes both the CAPEX (EPC) model, where consumers own and fund solar systems, and the RESCO (Opex) model, where GRE Renew Enertech funds and owns rooftop solar systems.
Key highlights include:
- An experienced management team.
- A visible order book and favorable national policy support.
- Comprehensive EPC services from design to commissioning.
- A 24/7 premium support system.
- Commitment to ESG principles.
Objects of the Issue
- Setting up of 7.20 MW (AC) / 9.99 MW (DC) Ground Mounted Solar Power Plant
- General corporate purposes
IPO Details
Discover essential information crucial for understanding an IPO, including the Price Band, Fresh Issue, Offer For Sale, Total IPO Size and more. Explore these key details to gain insight into the company's public offering.
| Fields | Details |
|---|---|
| IPO Dates | 13 Jan - 16 Jan 2026 |
| IPO Price Band | ₹100 - ₹105 per share |
| Fresh Issue | 37.55 Cr |
| Offer For Sale | NIL |
| Total IPO Size | 37.55 Cr |
| Face Value | 10 |
| Listing On | BSE SME |
IPO Timeline
Explore important dates like IPO opening, closing, listing and others, outlining the journey of the Public Offering. This will help you grasp the entire IPO journey effortlessly.
| Event | Date |
|---|---|
| IPO Opening Date | 13 Jan 2026 |
| IPO Closing Date | 16 Jan 2026 |
| Basis Of Allotment | 19 Jan 2026 |
| Refunds | 20 Jan 2026 |
| Demat Transfer | 20 Jan 2026 |
| IPO Listing Date | 21 Jan 2026 |
Financial Statements
Explore a comprehensive financial data table showcasing key metrics including revenue, expenses, net income, and others. Gain valuable insights about the company's financial performance at a glance, facilitating informed decision-making and strategic planning for subscribing to the IPO.
| Period Ended | 31 Mar 2023 | 31 Mar 2024 | 31 Mar 2025 | 30 Sep 2025 |
|---|---|---|---|---|
| Assets | 51.65 | 49.12 | 45.46 | 42.77 |
| Total Income | 53.11 | 92.15 | 84.37 | 43.98 |
| Profit After Tax | 0.89 | 9.91 | 7.03 | 4.00 |
| EBITDA | 1.31 | 11.48 | 9.48 | 5.72 |
| NET Worth | 11.14 | 21.03 | 31.23 | 35.22 |
| Reserves and Surplus | 9.89 | 19.78 | 20.71 | 24.70 |
| Total Borrowing | 4.75 | 4.57 | 1.59 | 1.45 |
* NPM represents the net profit margin, calculated as a percentage. All other figures are presented in crore (₹cr)
Peer Comparison
Compare key financial metrics with industry peers to gain valuable insights into the company's performance compared to its competitors.
| Name | P/E | EPS | RoNW | NAV |
|---|---|---|---|---|
| GRE Renew Enertech Ltd. | 15.70 | 6.69 | 41.93% | 20.72 |
| Zodiac Energy Limited | 29.27 | 13.27 | 27.71% | 64 |
| Oriana Power Limited | 15.99 | 81.92 | 48.62% | 256.26 |
* Revenue in (₹cr), RoNW in (%), EPS, NAV in (₹). P/E ratio is based on the highest price from the IPO price band.
IPO Reservation
| Investor Type | Shares Offered |
|---|---|
| Qualified Institutional Buyer (QIB) | 17,76,000 (47.13%) |
| Non-Institutional Investor (NII/HNI) | 5,40,000 (14.33%) |
| Retail Individual Investor (RII) | 12,60,000 (33.44%) |
Subscription Data from NSE and BSE
| Investor Type | Subscribed |
|---|---|
| Qualified Institutional Buyer (QIB) | 14.69 |
| Non-Institutional Investor (NII/HNI) | 24.67 |
| Retail Individual Investor (RII) | 14.1 |
| Total | 16.53 |
* All figures represent multiples of the subscription. Check subscriptions for other ongoing issues here.
IPO Registrar
MUFG Intime India Private Limited (Formerly known as Link Intime India Private Limited)
Phone: + 91 810 811 4949
Email: ipo.helpdesk@linkintime.co.in
Website: https://linkintime.co.in/
Lead Managers
- Share India Capital Services Pvt.Ltd.
Company Address
GRE Renew Enertech Ltd.
Plot no. 423,
G.I.D.C.-II
Dediyasan
Mehsana, Gujarat –384002
Website:https://greindia.com/
Phone:+91 9974039300
Email:cs@greindia.com
FAQs
- What is the issue size of the GRE Renew Enertech SME IPO?The GRE Renew Enertech SME IPO has an issue size of 37.55 Cr. This includes a fresh issue of 37.55 Cr and an offer for sale (OFS) of NIL.
- What is the price band of the GRE Renew Enertech IPO?The price band for the GRE Renew Enertech IPO is ₹100 - ₹105 per share.
- What are the bidding dates for the GRE Renew Enertech IPO?The GRE Renew Enertech IPO will open for bidding on 13 Jan 2026 and close on 16 Jan 2026.
- What is the allotment date for the GRE Renew Enertech IPO?The allotment date for the GRE Renew Enertech IPO is 19 Jan 2026.
- What is the minimum lot size and investment required for the GRE Renew Enertech IPO?The minimum lot size for the GRE Renew Enertech IPO is 1200 shares and the minimum investment required is ₹1,26,000.
- What is the listing date for the GRE Renew Enertech IPO?The listing date for the GRE Renew Enertech IPO is 21 Jan 2026.
- What is the GRE Renew Enertech IPO grey market premium?The grey market premium (GMP) for the GRE Renew Enertech IPO is currently at ₹1, with an expected listing gain of approximately 0.95%. Remember, the grey market premium is not an official indicator, but it reflects market perception and demand for the IPO shares.