GRE Renew Enertech
21 Jan '26SME
Min. Investment
₹2,40,000
Issue size
₹39.56 Cr
GMP
Locked
Overall subscription: 12.64x
Check allotment status
Expert verdict
IPO dates
13 Jan
Opening
16 Jan
Closing
19 Jan
Allotment
21 Jan
Listing
*Refunds will be initiated on 20 Jan '26
IPO quota
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 2 | 2400 | ₹2,52,000 |
Subscription (as on 30 March 2026, 05:30 PM)
Overall12.64x
Qualified institutional buyers
Non-Institutional Buyers
Retail Investors
Employee
About company
Founded: 1999|MD: Mr Kamleshkumar Dahyalal Patel
- GRE Renew Enertech Limited is engaged primarily in the business of providing solar energy solutions to industrial and commercial customers in India. The company’s core operations are focused on the design, engineering, procurement, construction, operation, and maintenance of rooftop and selective ground-mounted solar power projects. Its activities are structured around two principal business models: the Capital Expenditure (CAPEX) model and the Renewable Energy Service Company (RESCO) model.
- Under the CAPEX model, customers invest in the solar project assets, while the company undertakes engineering, procurement, construction, and operational responsibilities on behalf of the customer. Under the RESCO model, the company develops, owns, and operates solar power installations and supplies electricity to customers at pre-agreed tariffs for the duration of the contract. In addition to its solar energy operations, the company manufactures light-emitting diode (LED) lighting solutions for indoor and outdoor applications.
- The company operates through three divisions: the solar segment, the LED segment, and the export segment. It also has a foreign subsidiary, DK USA Inc., which is engaged in departmental stores, convenience stores, and gas station operations in the United States and functions independently from the company’s core solar activities.
- GRE Renew Enertech Limited’s operations are currently concentrated mainly in Gujarat.
Issue Details & Objective
Lot size
1200 Shares
Price band
₹100 to 105
Face value
₹10 per share
Financials
IPO reservation
Anchor investor - 28.18%
QIB - 18.95%
Retail - 33.44%
Download DRHP (IPO Doc)FAQs
Should I apply for the GRE Renew Enertech IPO?
Our SEBI-registered investment advisors give out verdicts for each IPO. You can refer to their expert verdict at the top of this page. Please note that these verdicts are for informational purposes only and should not be construed as investment advice. Markets are subject to risk, and investors should exercise their own discretion and diligence.
What is the issue size of GRE Renew Enertech IPO?
The issue size of GRE Renew Enertech IPO is ₹39.56 Cr
What are the open and close dates for GRE Renew Enertech IPO?
The GRE Renew Enertech IPO will be open for applications from 13 Jan '26 to 16 Jan '26
What is the lot size and minimum order quantity of GRE Renew Enertech IPO?
The lot size of GRE Renew Enertech IPO is 1200 Shares and its minimum investment amount is ₹2,40,000.
What is the GMP value of GRE Renew Enertech IPO?
Grey market premium (GMP) is a premium amount at which grey market IPO shares are traded before they get listed in the stock exchange. The GMP for GRE Renew Enertech IPO is 5.71
