GRE Renew Enertech IPO Subscription Day 3: Check Online Status

Posted by : sachet | Thu Jan 15 2026

Here, the GRE Renew Enertech IPO launched on 13th January 2026. Bidding for the issue will close today, 21st January 2026. The primary aim of the GRE Renew Enertech IPO is to raise ₹39.56 crores from the market. Also, the GRE Renew Enertech IPO has received an impressive level of subscription, indicating that the shares will be listed at an impeccable premium. Scroll down to check the GRE Renew Enertech IPO subscription and details.

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GRE Renew Enertech IPO Details

IPO Open Date	13th January 2026
Face Value	₹10 per share
Price Band	₹100 to ₹105 per share
Lot Size	1,200 Shares
Issue Type	Bookbuilding Issue
Listing At	BSE & SME
IPO Close Date	16th January 2026
Listing Date	21st January 2026

The price band for Riddhi Display Equipment’s IPO has been set at ₹100 to ₹105 per share, and a total of 37,68,000 shares are being issued. Let’s segregate the share quota fixed for different categories of investors.

Investor Categories	Shares Offered	Shares Percentage
Market Maker Shares Offered	1,92,000	5.10%
QIB Shares Offered	17,76,000	47.13%
NII (HNI) Shares Offered	5,40,000	14.33%
Retail Shares Offered	12,60,000	33.44%
Total Shares Offered	37,68,000	100.00%

GRE Renew Enertech IPO Subscription Status

As of now, the GRE Renew Enertech IPO has been subscribed to 2.67 times. Of these, 0.81 times are subscribed by retail investors, 1.24 times by non-institutional investors, and 7.04 times by QII (Qualified Institutional Investors).

The healthy subscription status indicates that investors are expecting higher returns at the time of GRE Renew Enertech’s IPO listing on 21st January 2026. GRE Renew Enertech also has a positive outlook behind the fresh issue of 0.38 crore shares, which will raise around Rs 39.56 crores.

GRE Renew Enertech IPO GMP Today

We know that higher subscription levels drive grey-market premiums for IPOs. Let’s explore the GRE Renew Enertech IPO GMP for 14th January 2026.

The grey market premium for this IPO has surged to 6.67% or Rs 7.00 per share. It indicates that the estimated listing price per share is Rs 112.00. Numerous factors played a pivotal role in this jump in the GMP of Riddhi Display Equipment’s IPO. These include higher subscription rates, favourable market sentiment, and investors’ positive attitude towards IPOs.

GMP DATE	IPO Price	GMP Price	Estimated Listing Price	Estimated Gain
15-01-2026	₹105.00	₹7.00	₹112.00	6.67%
14-01-2026	₹105.00	₹7.00	₹112.00	6.67%
13-01-2026	₹105.00	₹7.00	₹112.00	6.67%
12-01-2026	₹105.00	₹6.00	₹111.00	5.71%
11-01-2026	₹105.00	₹9.00	₹114.00	8.57%
10-01-2026	₹105.00	₹9.00	₹114.00	8.57%
9-01-2026	₹105.00	₹9.00	₹114.00	8.57%
8-01-2026	₹105.00	₹9.00	₹114.00	8.57%
7-01-2026	₹105.00	₹9.00	₹114.00	8.57%
6-01-2026	₹105.00	₹9.00	₹114.00	8.57%
5-01-2026	₹105.00	₹9.00	₹114.00	8.57%

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. The company has a business model, such as the CAPEX Model (EPC) (Engineering, Procurement and Construction) and the RESCO Model (Opex). The company offers products and services such as EPC (Engineering, Procurement, and Construction), Rooftop Systems (On-Grid), Solar Rooftop Systems (Hybrid), and PV Modules.

GRE Renew Enertech Limited Financials

The company’s financial analysis is essential before applying for the GRE Renew Enertech IPO. Look at the table to learn about GRE Renew Enertech Limited’s financials.

Year Ended	30th Sep 2025 (in cr.)	31st March 2025 (in cr.)	31st March 2024 (in cr.)	31st March 2023 (in cr.)
Assets	42.77	45.46	49.12	51.65
Revenue	43.98	84.37	92.15	53.11
Profit After Tax	4.00	7.03	9.91	0.89
EBITDA	5.72	9.48	11.48	1.31
Net Worth	35.22	31.23	21.03	11.14
Reserves and Surplus	24.70	20.71	19.78	9.89
Total Borrowings	1.45	1.59	4.57	4.75

Explanation

GRE Renew Enertech Limited’s revenue decreased by 8.44% from ₹92.15 crores in March 2024 to ₹84.37 crores in March 2025. Moreover, the company’s PAT decreased by 29.06% from ₹9.91 crores in March 2024 to ₹7.03 crores in March 2025.

Technical Indicators

Several technical indicators are available to assess a company’s potential to deliver returns. Use the parameters mentioned below to analyse the technical aspects of the GRE Renew Enertech IPO.

Key Indicators	Value
PE Ratio (Price-to-Earnings)	15.72
EPS (Earnings Per Share)	6.68
RoNW	26.89%
ROCE	29.60%
ROE	26.89%
EBITDA Margin	11.33%
Price to Book Value	3.54
Market Capitalisation	₹150.02 Cr

GRE Renew Enertech IPO Listing Expectations

GRE Renew Enertech IPO Highlights: IPO allotment is still pending, as the bid will close today. However, given the current GMP or market sentiment, it is reasonable to expect higher listing gains for the share. A jump of 6.67% in Yash Highlight GMP suggests the estimated listing price per share will be around Rs 112.

It will provide higher listing gains to investors who applied for this IPO. Also, the financial fundamentals of this business made it the experts’ top long-term recommendation.

GRE Renew Enertech IPO Dates

IPO Open Date	129th January 2026
IPO Close Date	14th January 2026
Allotment	15th January 2026
Refund Date	16th January 2026
IPO Listing Date	19th January 2026

Note: IPO GMP is volatile and depends on market sentiment. Hence, one should conduct their research before investing in it.